Biglari Holdings financials
$1,694.33−0.69%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $108.5M | $97.5M | $99.9M | $99.7M | $100.6M | $95.0M | $91.1M | $90.4M | $91.1M | $89.5M | $90.7M | $90.9M |
| Gross profit | $48.1M | $56.1M | -$7.1M | $54.7M | $41.8M | $53.2M | -$9.6M | $49.8M | $34.2M | $35.5M | $39.0M | $37.4M |
| Gross margin | 44.3% | 57.5% | −7.1% | 54.8% | 41.5% | 56.0% | −10.6% | 55.1% | 37.6% | 39.7% | 43.0% | 41.1% |
| Operating income | $8.4M | $2.9M | $3.6M | $9.1M | $5.0M | $2.9M | $5.7M | $4.8M | $4.9M | $6.5M | $5.3M | $8.3M |
| Net income | $39.9M | -$14.5M | -$49.9M | -$5.3M | $50.9M | -$33.3M | -$10.3M | $32.1M | -$48.2M | $22.6M | $44.6M | -$56.5M |
| Net margin | 36.8% | −14.9% | −49.9% | −5.3% | 50.6% | −35.0% | −11.3% | 35.5% | −52.9% | 25.2% | 49.2% | −62.1% |
| Diluted EPS | $158.17 | $-55.81 | $-193.47 | $-20.38 | $194.57 | $-126.40 | $-37.56 | $114.77 | $-171.89 | $79.56 | $155.36 | $-195.55 |
| EBITDA | $18.6M | $13.5M | $14.3M | $18.6M | $16.5M | $13.2M | $15.8M | $15.4M | $15.1M | $16.7M | $16.2M | $18.6M |
| Operating cash flow | $14.9M | $20.3M | $17.8M | $31.2M | $42.1M | $15.8M | $18.0M | $10.8M | $1.8M | $19.1M | $24.3M | $17.2M |
| Free cash flow | $8.3M | $13.4M | $6.4M | $22.3M | $39.4M | $8.5M | $10.9M | $3.7M | -$10.0M | $14.5M | $17.8M | $10.8M |
| Diluted shares | 0.3M | 0.3M | 0.3M | 0.3M | 0.3M | 0.3M | 0.3M | 0.3M | 0.3M | 0.3M | 0.3M | 0.3M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $68.4M | $200.1M | $268.8M | $272.5M | $32.8M | $28.7M |
| Short-term investments | $274.3M | $114.2M | $69.0M | $96.7M | $104.5M | $106.7M |
| Total debt | $238.5M | $239.9M | $247.0M | $235.8M | $19.0M | $66.4M |
| Total assets | $1.06B | $1.02B | $1.03B | $1.08B | $863.6M | $829.1M |
| Total liabilities | $514.8M | $499.1M | $502.0M | $499.2M | $274.3M | $289.2M |
| Shareholders' equity | $543.8M | $519.2M | $523.4M | $580.3M | $589.3M | $539.8M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology