BH
Biglari Holdings Inc.
NYSE · USConsumer CyclicalRestaurants
$382.39-0.47%
Price as of Jul 20, 2026
BH financials
Biglari Holdings Inc. financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $395.3M | $362.1M | $365.3M | $368.2M |
| Cost of revenue | $286.6M | $223.5M | $248.9M | $215.4M |
| Gross profit | $108.6M | $138.6M | $116.4M | $152.8M |
| Operating expenses | $90.5M | $115.5M | $77.0M | $70.6M |
| Operating income | $18.1M | $23.1M | $39.4M | $82.2M |
| Net income | -$37.5M | -$3.8M | $54.9M | -$32.0M |
| EBITDA | -$1.5M | $37.8M | $109.6M | $82.2M |
| Basic EPS | $-12.08 | $-2.69 | $38.55 | $-21.49 |
| Diluted EPS | $-12.08 | $-2.69 | $38.55 | $-21.49 |
| Balance sheet | ||||
| Cash & equivalents | $268.8M | $30.7M | $28.1M | $37.5M |
| Total assets | $1.0B | $866.1M | $849.4M | $828.5M |
| Total liabilities | $525.7M | $293.2M | $250.1M | $272.9M |
| Stockholders’ equity | $523.4M | $573.0M | $599.3M | $547.0M |
| Total debt | $358.6M | $150.2M | $101.2M | $118.8M |
| Net debt | $89.9M | $119.5M | $73.2M | $81.4M |
| Cash flow | ||||
| Operating cash flow | $107.0M | $49.7M | $73.0M | $127.8M |
| Capital expenditure | -$30.4M | -$30.6M | -$23.4M | -$29.7M |
| Free cash flow | $76.6M | $19.1M | $49.6M | $98.1M |
| Dividends paid | $0.00 | $0.00 | $0.00 | $0.00 |
| Share repurchases | $0.00 | $0.00 | $0.00 | $0.00 |