Biglari Holdings Inc. (BH) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 97.48M | 99.87M | 99.74M | 100.62M | 95.03M | 91.11M | 90.41M | 91.14M | 89.45M | 90.67M | 90.94M | 93.54M | 90.18M | 98.46M | 92.03M | 92.37M | 85.37M | 98.95M | 82.08M | 90.79M |
| Revenue Growth % | 2.57% | 9.61% | 10.32% | 10.4% | 6.24% | 0.5% | -0.58% | -2.56% | -0.8% | -7.92% | -1.19% | 1.27% | 5.63% | -0.5% | 12.12% | 1.74% | -9.46% | -0.7% | -19.4% | -5.92% |
| Cost of Goods Sold | 69.74M | 74.1M | 60.67M | 71.54M | 60.51M | 56.1M | 55.47M | 66.56M | 64.54M | 61.42M | 54M | 52.21M | 51.67M | 53.44M | 53.84M | 54.27M | 53.9M | 53.59M | 55.3M | 54.78M |
| COGS % of Revenue | 71.54% | 74.2% | 60.83% | 71.1% | 63.67% | 61.57% | 61.35% | 73.03% | 72.15% | 67.74% | 59.38% | 55.81% | 57.3% | 54.28% | 58.5% | 58.75% | 63.13% | 54.16% | 67.37% | 60.34% |
| Gross Profit | 27.74M | 25.77M | 39.06M | 29.07M | 34.53M | 35.01M | 34.94M | 24.58M | 24.91M | 29.25M | 36.94M | 41.33M | 38.5M | 45.02M | 38.19M | 38.1M | 31.47M | 45.35M | 26.79M | 36M |
| Gross Margin % | 28.46% | 25.8% | 39.17% | 28.9% | 36.33% | 38.43% | 38.65% | 26.97% | 27.85% | 32.26% | 40.62% | 44.19% | 42.7% | 45.72% | 41.5% | 41.25% | 36.87% | 45.84% | 32.63% | 39.66% |
| Gross Profit Growth % | -19.66% | -26.39% | 11.8% | 18.27% | 38.6% | 19.7% | -5.4% | -40.53% | -35.3% | -35.03% | -3.29% | 8.49% | 22.33% | -0.74% | 42.58% | 5.82% | -9.12% | 31.16% | -20.66% | 10.03% |
| Operating Expenses | 24.66M | 22.05M | 20.42M | 23.4M | 31.62M | 29.32M | 19.51M | 18.65M | 18.27M | 22.41M | 18.32M | 19.01M | 17.26M | 22.33M | 15.47M | 16.58M | 16.22M | 25.17M | 16.89M | 18.42M |
| OpEx % of Revenue | 25.29% | 22.08% | 20.48% | 23.25% | 33.28% | 32.17% | 21.58% | 20.47% | 20.43% | 24.72% | 20.14% | 20.32% | 19.14% | 22.68% | 16.81% | 17.95% | 19% | 25.44% | 20.58% | 20.29% |
| Selling, General & Admin | 24.87M | 22.05M | 20.42M | 22.85M | 21.37M | 19.23M | 19.51M | 18.65M | 18.27M | 22.41M | 0 | 0 | 0 | 22.33M | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A % of Revenue | 25.51% | 22.08% | 20.48% | 22.71% | 22.48% | 21.11% | 21.58% | 20.47% | 20.43% | 24.72% | - | - | - | 22.68% | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -217K | 0 | 0 | 545K | 1000K | 1000K | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 3.08M | 3.72M | 18.64M | 5.68M | 2.9M | 5.7M | 15.43M | 5.93M | 6.64M | 6.83M | 18.62M | 22.32M | 21.24M | 22.68M | 22.72M | 21.52M | 15.25M | 20.18M | 9.9M | 17.58M |
| Operating Margin % | 3.16% | 3.72% | 18.69% | 5.64% | 3.06% | 6.25% | 17.07% | 6.51% | 7.42% | 7.54% | 20.48% | 23.87% | 23.55% | 23.04% | 24.69% | 23.3% | 17.86% | 20.4% | 12.06% | 19.37% |
| Operating Income Growth % | 6.2% | -34.75% | 20.8% | -4.27% | -56.25% | -16.67% | -17.14% | -73.44% | -68.75% | -69.87% | -18.05% | 3.76% | 39.27% | 12.39% | 129.57% | 22.37% | -20.13% | 53% | -28.6% | 18.21% |
| EBITDA | 13.74M | 14.42M | 28.19M | 15.95M | 13.16M | 15.78M | 26.02M | 15.05M | 16.69M | 16.17M | 28.23M | 32.42M | 31.18M | 35M | 31.18M | 29.32M | 23.12M | 28M | 17.58M | 24.96M |
| EBITDA Margin % | 14.1% | 14.44% | 28.26% | 15.85% | 13.85% | 17.32% | 28.78% | 16.52% | 18.66% | 17.83% | 31.05% | 34.66% | 34.58% | 35.55% | 33.88% | 31.74% | 27.08% | 28.29% | 21.42% | 27.5% |
| EBITDA Growth % | 4.41% | -8.6% | 8.34% | 5.96% | -21.14% | -2.41% | -7.85% | -53.57% | -46.47% | -53.81% | -9.45% | 10.58% | 34.85% | 25.02% | 77.35% | 17.45% | -11.99% | 32.49% | -16.83% | 14.39% |
| D&A (Non-Cash Add-back) | 10.66M | 10.71M | 9.54M | 10.27M | 10.26M | 10.08M | 10.59M | 9.12M | 10.05M | 9.33M | 9.61M | 10.09M | 9.94M | 12.32M | 8.46M | 7.8M | 7.87M | 7.81M | 7.68M | 7.38M |
| EBIT | 3.08M | 3.72M | -1.52M | 67.19M | -38.95M | -16.16M | 4.85M | -61.52M | 30.71M | 52.15M | 9.01M | 12.23M | 11.3M | 10.37M | 14.27M | 13.72M | 7.38M | 12.37M | 2.22M | 10.2M |
| Net Interest Income | -7.01M | 412K | -1.51M | -2.09M | -2.23M | -1.8M | -1.63M | -1.39M | -1.31M | -1.46M | -1.52M | -1.34M | -1.47M | -1.66M | -1.44M | -1.39M | -1.41M | -1.42M | -1.46M | -1.54M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 7.01M | -412K | 1.51M | 2.09M | 2.23M | 1.8M | 1.63M | 1.39M | 1.31M | 1.46M | 1.52M | 1.34M | 1.47M | 1.66M | 1.44M | 1.39M | 1.41M | 1.42M | 1.46M | 1.54M |
| Other Income/Expense | -21.97M | -67.77M | -21.67M | 59.42M | -44.09M | -23.66M | 27.89M | -68.84M | 22.76M | 43.86M | -92.64M | -19.43M | 64.04M | -10.39M | 18.91M | -118.01M | -15.72M | -29.76M | -24.84M | -44.52M |
| Pretax Income | -18.88M | -64.06M | -3.03M | 65.1M | -41.18M | -17.96M | 43.33M | -62.91M | 29.39M | 50.69M | -74.02M | 2.89M | 85.28M | 12.29M | 41.64M | -96.49M | -469K | -9.58M | -14.94M | -26.93M |
| Pretax Margin % | -19.37% | -64.14% | -3.04% | 64.7% | -43.33% | -19.71% | 47.92% | -69.03% | 32.86% | 55.91% | -81.39% | 3.09% | 94.57% | 12.49% | 45.24% | -104.46% | -0.55% | -9.68% | -18.2% | -29.67% |
| Income Tax | -4.35M | -14.21M | 2.26M | 14.17M | -7.91M | -7.69M | 11.2M | -14.72M | 6.82M | 6.05M | -17.5M | 1.02M | 19.74M | 2.56M | 9.6M | -22.71M | -171K | -4.75M | -4.27M | -6.2M |
| Effective Tax Rate % | 23.04% | 22.18% | -74.62% | 21.77% | 19.2% | 42.8% | 25.85% | 23.4% | 23.19% | 11.94% | 23.65% | 35.18% | 23.15% | 20.82% | 23.05% | 23.54% | 36.46% | 49.65% | 28.6% | 23.01% |
| Net Income | -14.53M | -49.85M | -5.29M | 50.93M | -33.27M | -10.27M | 32.13M | -48.19M | 22.58M | 44.64M | -56.51M | 1.94M | 64.89M | 10.05M | 32.01M | -73.78M | -298K | -4.82M | -10.67M | -20.74M |
| Net Margin % | -14.91% | -49.92% | -5.3% | 50.62% | -35.01% | -11.27% | 35.53% | -52.87% | 25.24% | 49.24% | -62.15% | 2.07% | 71.95% | 10.21% | 34.78% | -79.88% | -0.35% | -4.87% | -13% | -22.84% |
| Net Income Growth % | 56.33% | -385.28% | -116.47% | 205.69% | -247.37% | -123.01% | 156.84% | -2589.15% | -65.2% | 343.96% | -276.58% | 102.62% | 21873.83% | 308.48% | 399.98% | -255.79% | -100.42% | -113.28% | -150.56% | -148.83% |
| Net Income (Continuing) | -14.53M | -49.85M | -5.29M | 50.93M | -33.27M | -10.27M | 32.13M | -48.19M | 22.58M | 44.64M | -56.51M | 1.88M | 65.54M | 9.73M | 32.04M | -73.78M | -298K | -4.82M | -10.67M | -20.74M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.25M | 8.6M | 8.92M | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -4.63 | -16.07 | -1.71 | 16.41 | -10.72 | -7.34 | 22.95 | -34.38 | 15.91 | 31.17 | -39.11 | 1.33 | 44.46 | 6.78 | 21.83 | -48.87 | -0.20 | -3.13 | -6.75 | -12.81 |
| EPS Growth % | 56.81% | -118.94% | -107.45% | 147.73% | -167.38% | -123.55% | 158.68% | -2684.96% | -64.22% | 359.73% | -279.16% | 102.72% | 22330% | 316.61% | 423.41% | -281.5% | -100.45% | -114.35% | -156.2% | -152.46% |
| EPS (Basic) | -4.63 | -16.07 | -1.71 | 16.41 | -10.72 | -7.34 | 22.95 | -34.38 | 15.91 | 31.17 | -39.11 | 1.33 | 44.46 | 6.78 | 21.83 | -48.87 | -0.20 | -3.13 | -6.75 | -12.81 |
| Diluted Shares Outstanding | 3.14M | 3.1M | 3.1M | 3.1M | 2.28M | 1.4M | 1.4M | 1.4M | 1.42M | 1.43M | 1.45M | 1.46M | 1.46M | 1.48M | 1.47M | 1.51M | 1.52M | 1.54M | 1.58M | 1.62M |
| Basic Shares Outstanding | 3.14M | 3.1M | 3.1M | 3.1M | 2.28M | 1.4M | 1.4M | 1.4M | 1.42M | 1.43M | 1.45M | 1.46M | 1.46M | 1.48M | 1.47M | 1.51M | 1.52M | 1.54M | 1.58M | 1.62M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |