Driven Brands Holdings Inc. received a notice from The Nasdaq Stock Market LLC on June 1, 2026, indicating it is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its Quarterly Report on Form 10-Q for the period ended March 28, 2026. The notice does not immediately affect the listing or trading of the company's common stock. The delay stems from a previously announced restatement of prior period financial statements and the associated delay in filing its 2025 Form 10-K, which was submitted on May 19, 2026.

Compliance Timeline

Nasdaq listing rules require timely filing of all periodic reports with the Securities and Exchange Commission. Driven Brands has 60 calendar days from the notice, or until July 31, 2026, to submit a plan of compliance to Nasdaq. The exchange has the discretion to grant the company up to 180 calendar days from the original due date of the 2026 Form 10-Q, or until November 25, 2026, to regain compliance.

Financial Reporting Status

The company is currently working to complete its financial reporting and expects to file the 2026 Form 10-Q as soon as practicable. The restatement of prior financial statements and the delayed 2025 Form 10-K filing are the primary reasons for the current reporting gap. Driven Brands operates over 4,200 locations across the U.S. and Canada, generating approximately $1.9 billion in annual revenue from approximately $6.1 billion in system-wide sales as of the end of fiscal year 2025.