Biglari Holdings Inc. (BH) income statement

BHNYSERetail-Eating PlacesFiscal year ends December 31Also trades as BH.A

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026Score 4/30

$393.70+3.38 (+0.87%)

Close on Oct 30, 2026Market cap –P/E –Yield –

Biglari Holdings Inc. income statement

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31
Revenue	395	362	365	368	366	434	669	810	–	–
Cost of Revenue	161	143	138	140	167	247	501	636	–	–
Gross Profit	234	219	227	228	199	187	168	173	–	–
Selling, General & Admin	87	76	77	71	76	76	100	–	–	–
General & Administrative	–	–	–	–	–	76	100	127	–	–
Total Costs & Expenses	376	330	322	332	341	444	692	834	–	–
Interest Expense	8.22	0.77	0.68	0.40	1.12	9.26	12	20	–	–
Income from Equity Investments	-67	-41	19	-76	11	-43	78	40	–	–
Other Non-Operating Income	-66	-41	22	-79	17	-39	78	40	–	–
Merger & Restructuring Charges	–	–	3.95	3.52	4.77	25	9.11	6.48	–	–
Asset Impairment Charges	1.25	1.11	3.95	3.52	4.64	24	8.19	5.68	–	–
Gain (Loss) on Investments	0.53	0.34	2.21	-3.39	6.21	4.86	1.17	0.56	–	–
Gain (Loss) on Sale of Assets	16	23	21	1.58	0.03	0.87	-0.26	-0.99	–	–
Pretax Income	-48	-8.15	65	-43	42	-50	55	17	–	–
Income Tax Expense	-10	-4.40	9.31	-11	6.79	-12	9.76	-2.64	–	–
Net Income incl. Noncontrolling Interests	-37	-3.76	56	-32	35	-38	45	19	–	–
Minority Interest in Earnings	0	0	0.59	-0.29	0	0	–	–	–	–
Net Income	-37	-3.76	55	-32	35	-38	45	19	50	99
EPS (Diluted)(per share)	-143.86	-13.45	189.49	-107.43	111.83	-110.05	131.64	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 60.0%
Operating margin: –
Net margin: -7.3%
Return on equity, FY2025: -6.8%

Financial strength

Current ratio: 2.45
Debt to equity: 0.44
Debt to assets: 22.5%
Cash to current liabilities: 43.6%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –