Biglari Holdings Inc. (BH) — Financial statements
Income statement, balance sheet, and cash flow for Biglari Holdings Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 395↑9.2% | 362↓0.9% | 365↓0.8% | 368↑0.6% | 366 | |
| Cost of Revenue | 287↑28.2% | 223↓10.2% | 249↑15.5% | 215↓3.5% | 223 | |
| Gross Profit | 109↓21.6% | 139↑19.1% | 116↓23.8% | 153↑7.0% | 143 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 63↓2.0% | 64↑13.6% | 57↓8.7% | 62 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 13↓0.4% | 13↓9.3% | 14↓0.0% | 14 | |
| SG&A Expenses | 91↑19.6% | 76↓1.7% | 77↑9.1% | 71↓7.1% | 76 | |
| Other Expenses | 0.00↓100.0% | 40 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 91↓21.6% | 116↑50.0% | 77↑9.1% | 71↓7.1% | 76 | |
| Total Costs & Expenses | 377↑11.3% | 339↑4.0% | 326↑13.9% | 286↓4.4% | 299 | |
| Operating Results | ||||||
| Operating Income | 18↓21.6% | 23↓41.3% | 39↓52.1% | 82↑23.1% | 67 | |
| Depreciation & Amortization | 41↑2.3% | 40↑2.2% | 39↑7.0% | 36↑21.3% | 30 | |
| EBITDA | 59↑55.7% | 38↓65.5% | 110↑33.4% | 82↑23.1% | 67 | |
| EBIT | 18↑995.8% | -2↓102.9% | 71↑54.5% | 46↑24.6% | 37 | |
| Interest & Other Income | ||||||
| Net Interest Income | -5↑11.6% | -6↓5.8% | -6↑1.6% | -6↑17.7% | -7 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 5↓11.6% | 6↑5.8% | 6↓1.6% | 6↓17.7% | 7 | |
| Non-Operating Income | 0.00↓100.0% | 25↑180.4% | -31↓185.8% | 36↑21.3% | 30 | |
| Other Income / Expenses | -66↓110.5% | -31↓222.7% | 25↑120.3% | -125↓411.2% | -24 | |
| Income Before Tax | -48↓484.9% | -8↓112.6% | 65↑250.7% | -43↓201.8% | 42 | |
| Income Tax Expense | -10↓132.2% | -4↓147.2% | 9↑186.8% | -11↓257.9% | 7 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -37↓897.3% | -4↓106.8% | 56↑271.9% | -32↓191.1% | 35 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -37↓897.3% | -4↓106.8% | 55↑271.6% | -32↓190.2% | 35 | |
| Bottom-Line Net Income | -37↓897.3% | -4↓106.8% | 55↑271.6% | -32↓190.2% | 35 | |
| EPS (Basic) | -12.08↓349.1% | -2.69↓107.0% | 38.55↑279.4% | -21.49↓196.1% | 22.37 | |
| EPS (Diluted) | -12.08↓349.1% | -2.69↓107.0% | 38.55↑279.4% | -21.49↓196.1% | 22.37 | |
| Weighted Average Shares | 3↑121.7% | 1↓1.8% | 1↓4.3% | 1↓6.1% | 2 | |
| Weighted Average Diluted Shares | 3↑121.7% | 1↓1.8% | 1↓4.3% | 1↓6.1% | 2 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.