FY2025 · ended Dec 31, 2025 · Revenue $395.26M, +9.2% YoY · Filed Mar 2, 2026
Biglari Holdings Inc. (BH-A) files with the SEC under industry code 5812, Retail-Eating Places. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $395.3 million and a net loss of $37.5 million. Free cash flow was $76.6 million. As of Jun 30, 2026 it held $68.4 million in cash and investments and $261.1 million in total debt.
Revenue (TTM)
$405.61M
+7.5% vs year-ago TTM
Net income (TTM)
$-29.75M
-175.3% vs year-ago TTM
Operating cash flow (TTM)
$84.30M
-2.8% vs year-ago TTM
Free cash flow (TTM)
$50.32M
-19.5% vs year-ago TTM
EPS
$-143.86
-969.6% vs prior year
Dividend per share
None
Shares outstanding
—
Net cash
$-192.67M
as of Jun 30, 2026
Operating margin
—
Company profile
- Industry
- Retail-Eating Places (SIC 5812)
- Listed as
- BH-A (NYSE), BH (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- IN
- Headquarters
- San Antonio, TX
- SEC filer status
- Accelerated filer
- SEC CIK
- 1726173
- Former names
- NBHSA Inc. (until Apr 2, 2018)
Other Retail-Eating Places companies
- Mcdonalds Corp MCD
- Yum Brands Inc YUM
- Chipotle Mexican Grill Inc CMG
- Restaurant Brands International Inc. QSR
- Darden Restaurants Inc DRI
- Yum China Holdings, Inc. YUMC
- Aramark ARMK
- Texas Roadhouse, Inc. TXRH
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $395.3M | $362.1M | $365.3M | $368.2M | $366.1M |
| Net income | -$37.5M | -$3.8M | $54.9M | -$32.0M | $35.5M |
| Diluted EPS | -$143.86 | -$13.45 | $189.49 | -$107.43 | $111.83 |
| Operating cash flow | $107.0M | $49.7M | $73.0M | $127.8M | $228.8M |
| Free cash flow | $76.6M | $19.1M | $49.6M | $98.1M | $164.2M |
| Total assets | $1.0B | $866.1M | $849.4M | $828.5M | $894.8M |
| Total liabilities | $502.0M | $293.2M | $250.1M | $272.9M | $307.1M |
| Stockholders' equity | $523.4M | $573.0M | $599.3M | $547.0M | $587.7M |
| Cash and investments | $268.8M | $30.7M | $28.1M | $37.5M | $42.3M |
| Total debt | $263.2M | $40.1M | $39.9M | $54.8M | $157.8M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Results of operations
|
Aug 7, 2026 | Aug 7, 2026 |
| 10-Q | Quarterly report | Aug 7, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
May 8, 2026 | May 8, 2026 |
| 10-Q | Quarterly report | May 8, 2026 | Mar 31, 2026 |
| 8-K |
Current report
Shareholder vote results
|
Apr 10, 2026 | Apr 8, 2026 |
| 10-K/A | Amended annual report | Mar 31, 2026 | Dec 31, 2025 |
All 258 Biglari Holdings Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.