FY2025 · ended Dec 31, 2025 · Revenue $9.43B, +12.2% YoY · Filed Feb 20, 2026
Restaurant Brands International Limited Partnership (QSP) files with the SEC under industry code 5812, Retail-Eating Places. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $9.4 billion and net income of $1.1 billion. Free cash flow was $1.4 billion. As of Sep 30, 2026 it held $974.0 million in cash and investments and $15.6 billion in total debt.
Revenue (TTM)
$9.78B
+5.5% vs year-ago TTM
Net income (TTM)
$1.97B
+53.7% vs year-ago TTM
Operating cash flow (TTM)
$1.86B
+13.6% vs year-ago TTM
Free cash flow (TTM)
$1.58B
+12.9% vs year-ago TTM
EPS
—
Dividend per share
None
Shares outstanding
—
Net cash
$-14.66B
as of Sep 30, 2026
Operating margin
27.0%
FY 2026
Company profile
- Industry
- Retail-Eating Places (SIC 5812)
- Listed as
- QSP (OTC), RSTRF
- Fiscal year ends
- December 31
- Incorporated in
- Ontario, Canada
- Headquarters
- Toronto, Ontario, Canada
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1618755
- Former names
- New Red Canada Limited Partnership (until Nov 5, 2014); New Red Canada Partnership (until Oct 31, 2014)
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 | $9.4B | $8.4B | $7.0B | $6.5B | $5.7B |
| Operating income | $2.2B | $2.4B | $2.1B | $1.9B | $1.9B |
| Net income | $1.1B | $1.4B | $1.7B | $1.5B | $1.3B |
| Operating cash flow | $1.7B | $1.5B | $1.3B | $1.5B | $1.7B |
| Free cash flow | $1.4B | $1.3B | $1.2B | $1.4B | $1.6B |
| Total assets | $25.6B | $24.6B | $23.4B | $22.7B | $23.2B |
| Total liabilities | $20.5B | $19.8B | $18.7B | $18.5B | $19.4B |
| Stockholders' equity | $5.2B | $4.8B | $4.7B | $4.3B | $3.9B |
| Cash and investments | $1.2B | $1.3B | $1.1B | $1.2B | $1.1B |
| Total debt | $15.7B | $15.9B | $14.5B | $14.4B | $14.6B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 29, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 29, 2026 | Oct 29, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Aug 10, 2026 | Aug 10, 2026 |
| 10-Q | Quarterly report | Aug 6, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 6, 2026 | Aug 6, 2026 |
| 8-K |
Current report
Shareholder vote results
|
Jun 3, 2026 | Jun 3, 2026 |
All 300 Restaurant Brands International Limited Partnership SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.