BH (Biglari Holdings Inc.) Stock Financials & Earnings

BHBiglari Holdings Inc.

Mkt Cap$997M

Consumer Cyclical·Restaurants·🇺🇸 United States·NYSE

Revenue (TTM)$395M

Net Income (TTM)-$37M

EPS (TTM)-$12.09

Free Cash Flow (TTM)$77M

Gross Margin32.5%

Op. Margin7.8%

Net Margin-9.5%

FCF Margin19.4%

P/S Ratio (TTM)2.5x

P/E Ratio (TTM)—

YoY Rev Growth+9.2%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$90M	$39M	$21M
Q2 23	$94M	$41M	$22M
Q3 23	$91M	$37M	$19M
Q4 23	$91M	$29M	$7M
Q1 24	$89M	$25M	$7M
Q2 24	$91M	$25M	$6M
Q3 24	$90M	$35M	$15M
Q4 24	$91M	$35M	$6M
Q1 25	$95M	$35M	$3M
Q2 25	$101M	$29M	$6M
Q3 25	$100M	$39M	$19M
Q4 25	$100M	$26M	$4M

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q4 23	$10M	$13M	—
Q1 24	$15M	$3M	—
Q2 24	$16M	$3M	—
Q3 24	$16M	$3M	—
Q4 24	$7M	$13M	—
Q1 25	$18M	$3M	—
Q2 25	$18M	$5M	—
Q3 25	$15M	$5M	—
Q4 25	—	—	$22M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$39M	$80M	$119M
Q2 23	$31M	$88M	$119M
Q3 23	$34M	$84M	$118M
Q4 23	$28M	$92M	$120M
Q1 24	$35M	$98M	$132M
Q2 24	$27M	$94M	$121M
Q3 24	$30M	$103M	$133M
Q4 24	$31M	$103M	$134M
Q1 25	$29M	$107M	$135M
Q2 25	$33M	$105M	$137M
Q3 25	$272M	$97M	$369M
Q4 25	$269M	$69M	$338M

Shares Outstanding

Revenue Per Employee

Revenue / Employee