Biglari Holdings Inc.
BH- Exchange
- NYSE
- Industry
- Retail-Eating Places
- SEC CIK
- 0001726173
In the last 90 days, Biglari Holdings Inc. insiders filed 1 open-market purchase and 0 sales; 113 institutions reported holding it in 13F filings for Q2 2026, worth $850.5M in total; no superinvestor holds it.
Other share classesBH.A
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:57 PM ET
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 2, 2026 | Mar 3, 2025 | Feb 26, 2024 | Feb 27, 2023 | – |
| Revenue | $395.3M | $362.1M | $365.3M | $368.2M | $366.1M |
| Cost of revenue | $161.3M | $143.4M | $138.0M | $140.3M | $167.5M |
| Selling, general and administrative | $86.8M | $75.7M | $77.0M | $70.6M | $76.0M |
| Interest expense | $8.22M | $771.0K | $681.0K | $399.0K | $1.12M |
| Income tax | -$10.2M | -$4.39M | $9.31M | -$10.7M | $6.79M |
| Net income | -$37.5M | -$3.76M | $54.9M | -$32.0M | $35.5M |
| EPS, diluted | $-143.86 | $-13.45 | $189.49 | $-107.43 | $111.83 |
| Margins and growth | |||||
| Net margin | -9.5% | -1.0% | 15.0% | -8.7% | 9.7% |
| Revenue growth, year over year | +9.2% | −0.9% | −0.8% | +0.6% | −15.6% |
| Net income growth, year over year | – | −106.8% | – | −190.2% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 2, 2026 | Mar 3, 2025 | Feb 26, 2024 | Feb 27, 2023 | – |
| Cash and equivalents | $268.8M | $30.7M | $28.1M | $37.5M | $42.3M |
| Accounts receivable | $23.3M | $25.2M | $22.2M | $29.4M | $28.5M |
| Inventory | $3.77M | $4.03M | $2.98M | $3.85M | $3.80M |
| Total current assets | $378.5M | $170.6M | $152.6M | $150.7M | $164.8M |
| Property, plant and equipment | $366.6M | $376.2M | $380.5M | $400.7M | $349.4M |
| Goodwill | $52.6M | $52.5M | $53.5M | $53.5M | $53.5M |
| Intangible assets | $23.7M | $22.8M | $23.2M | $23.0M | $23.5M |
| Total assets | $1.03B | $866.1M | $849.4M | $828.5M | $894.8M |
| Accounts payable | $34.2M | $28.5M | $22.4M | $28.4M | $36.7M |
| Short-term debt | $33.1M | – | $0 | $10.0M | $0 |
| Total current liabilities | $156.0M | $147.3M | $111.1M | $134.9M | $143.6M |
| Long-term debt | $213.9M | – | – | – | $104.5M |
| Total liabilities | $502.0M | $293.2M | $250.1M | $272.9M | $307.1M |
| Shareholders' equity | $523.4M | $573.0M | $599.3M | $555.6M | $587.7M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 2, 2026 | Mar 3, 2025 | Feb 26, 2024 | Feb 27, 2023 | – |
| Operating cash flow | $107.0M | $49.7M | $73.0M | $127.8M | $228.8M |
| Capital expenditures | $30.4M | $30.6M | $23.4M | $29.7M | $64.5M |
| Free cash flow | $76.6M | $19.1M | $49.6M | $98.1M | $164.2M |
| Depreciation and amortization | $40.8M | $39.8M | $39.0M | $36.4M | $30.1M |
| Investing cash flow | -$65.5M | -$87.4M | -$66.1M | -$136.6M | -$58.5M |
| Financing cash flow | $196.5M | $39.5M | -$16.1M | $3.86M | -$156.2M |
| Net change in cash | $238.1M | $1.78M | -$9.15M | -$4.88M | $14.0M |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Nov 3, 2020 | 206.9K | – | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.