Biglari Holdings Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Cash & Equivalents	268.78	30.71	0.7	37.47	29.66
Short-Term Investments	69.05	102.98	-	69.47	-
Cash & Short-Term Investments	337.83	133.68	0.7	106.93	29.66
Cash Growth	152.71%	18945.67%	-99.34%	260.57%	-75.16%
Accounts Receivable	23.28	25.18	-	29.38	-
Inventory	3.77	4.03	-	3.85	-
Other Current Assets	13.64	7.72	-	10.5	-
Total Current Assets	378.53	170.62	0.7	150.65	29.66
Net Property, Plant & Equipment	406.66	410.17	-	435.46	-
Other Intangible Assets	23.67	22.82	-	23.04	-
Goodwill	52.57	52.5	-	53.51	-
Long-Term Investments	154.28	201.73	-	155.79	-
Other Long-Term Assets	9.68	8.31	372.6	10.01	534.37
Total Assets	1,025	866.13	373.3	828.47	564.02
Accounts Payable	72.95	63.38	0.1	78.62	0.05
Current Portion of Long-Term Debt	33.07	35	-	10	-
Current Portion of Leases	13.95	14.45	-	16.98	-
Unearned Revenue	17.81	17.24	-	12.5	-
Other Current Liabilities	18.22	17.25	184.93	16.81	130.36
Total Current Liabilities	156	147.32	185.02	134.9	130.42
Long-Term Debt	213.92	10	-	-	-
Long-Term Leases	97.7	90.74	-	91.84	-
Other Long-Term Liabilities	34.34	45.12	-	46.17	-
Total Long-Term Liabilities	345.96	145.86	-	138.01	-
Total Liabilities	501.95	293.17	185.02	272.91	130.42
Common Stock	1.14	1.14	-	1.14	-
Treasury Stock	-452.16	-438.6	-	-409.68	-
Additional Paid-in Capital	385.59	385.59	-	381.79	-
Accumulated Other Comprehensive Income	-1.35	-2.87	-	-2.79	-
Retained Earnings	590.21	627.7	-	576.51	-
Total Common Shareholders' Equity	523.43	572.96	-	546.97	-
Minority Interest	-	-	-	8.6	-
Shareholders' Equity	523.43	572.96	-	555.57	-
Total Liabilities & Equity	1,025	866.13	185.02	828.47	130.42
Total Debt	358.64	150.19	0	118.83	0
Net Cash (Debt)	-20.81	-16.5	0.7	-11.89	29.66
Net Cash Per Share	-79.84	-59.07	2.42	-39.90	93.48
Book Value	523.43	572.96	0	546.97	0
Book Value Per Share	2008.66	2050.82	-	1835.27	-
Tangible Book Value	447.19	497.65	0	470.42	0
Tangible Book Value Per Share	1716.08	1781.24	-	1578.41	-

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q