Biglari Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	405.61	395.26	362.11	365.32	-	366.11
Revenue Growth	7.54%	9.15%	-0.88%	-	-	-
Cost of Revenue	246.89	245.85	223.49	209.96	-	223.33
Gross Profit	158.72	149.42	138.62	155.36	-	142.78
Selling, General & Admin	93.72	86.84	75.67	77	-	76.02
Depreciation & Amortization Expenses	41.06	40.78	39.84	38.98	-	30.05
Other Operating Expenses	29.82	26.77	23.94	23.31	-	11.8
Total Operating Expenses	164.6	154.39	139.45	139.29	0	117.86
Operating Income	-5.88	-4.97	-0.83	16.07	-	24.91
Total Non-Operating Income (Expense)	-46.12	-66.47	-40.72	21.65	-	17.35
Pretax Income	-38.87	-47.69	-8.15	64.85	-	42.27
Provision for Income Taxes	-9.12	-10.2	-4.4	9.31	-	6.79
Net Income	-29.75	-37.49	-3.76	55.54	-	35.48
Minority Interest in Earnings	-	-	-	0.59	-	-
Net Income to Common	-29.75	-37.49	-3.76	54.95	-	35.48
Net Income Growth	-	-	-	-	-	-
Shares Outstanding (Basic)	0	0	0	0	0	0
Shares Outstanding (Diluted)	0	0	0	0	0	0
Shares Change	-4.47%	-6.73%	-3.66%	-2.70%	-6.06%	-8.09%
EPS (Basic)	-109.16	-143.86	-13.45	189.49	-107.43	111.83
EPS (Diluted)	-109.16	-143.86	-13.45	189.49	-107.43	111.83
EPS Growth	-	-	-	-	-	-
Free Cash Flow	50.32	76.61	19.07	49.6	-4.89	164.22
Free Cash Flow Growth	-19.52%	301.79%	-61.56%	-	-	984.01%
Free Cash Flow Per Share	195.37	293.98	68.24	171.03	-16.42	517.63
Gross Margin	39.13%	37.80%	38.28%	42.53%	-	39.00%
Operating Margin	-1.45%	-1.26%	-0.23%	4.40%	-	6.80%
Profit Margin	-7.33%	-9.48%	-1.04%	15.20%	-	9.69%
FCF Margin	12.40%	19.38%	5.27%	13.58%	-	44.86%
EBITDA	35.18	35.81	39.01	55.05	0	54.96
EBITDA Margin	8.67%	9.06%	10.77%	15.07%	-	15.01%
EBIT	-5.88	-4.97	-0.83	16.07	-	24.91
EBIT Margin	-1.45%	-1.26%	-0.23%	4.40%	-	6.80%
Effective Tax Rate	23.47%	21.39%	53.90%	14.35%	-	16.06%

SEC Filings: 10-K · 10-Q