Biglari Holdings Balance Sheet

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	Mar '26 Mar 31, 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
Cash & Equivalents	200.08	268.78	30.71	0.7	37.47	29.66
Short-Term Investments	114.19	69.05	102.98	-	69.47	-
Cash & Short-Term Investments	314.26	337.83	133.68	0.7	106.93	29.66
Cash Growth	132.22%	152.71%	18945.67%	-99.34%	260.57%	-75.16%
Accounts Receivable	24.94	23.28	25.18	-	29.38	-
Inventory	3.52	3.77	4.03	-	3.85	-
Other Current Assets	13.49	13.64	7.72	-	10.5	-
Total Current Assets	356.21	378.53	170.62	0.7	150.65	29.66
Net Property, Plant & Equipment	410.24	406.66	410.17	-	435.46	-
Other Intangible Assets	-	23.67	22.82	-	23.04	-
Goodwill	76.08	52.57	52.5	-	53.51	-
Long-Term Investments	165.49	154.28	201.73	-	155.79	-
Other Long-Term Assets	10.28	9.68	8.31	372.6	10.01	534.37
Total Assets	1,018	1,025	866.13	373.3	828.47	564.02
Accounts Payable	66.17	72.95	63.38	0.1	78.62	0.05
Current Portion of Long-Term Debt	28.26	33.07	35	-	10	-
Current Portion of Leases	12.61	13.95	14.45	-	16.98	-
Unearned Revenue	18.52	17.81	17.24	-	12.5	-
Other Current Liabilities	18.76	18.22	17.25	184.93	16.81	130.36
Total Current Liabilities	144.32	156	147.32	185.02	134.9	130.42
Long-Term Debt	211.68	213.92	10	-	-	-
Long-Term Leases	105.17	97.7	90.74	-	91.84	-
Other Long-Term Liabilities	37.98	34.34	45.12	-	46.17	-
Total Long-Term Liabilities	354.82	345.96	145.86	-	138.01	-
Total Liabilities	499.14	501.95	293.17	185.02	272.91	130.42
Common Stock	1.15	1.14	1.14	-	1.14	-
Treasury Stock	-456.6	-452.16	-438.6	-	-409.68	-
Additional Paid-in Capital	400.51	385.59	385.59	-	381.79	-
Accumulated Other Comprehensive Income	-1.57	-1.35	-2.87	-	-2.79	-
Retained Earnings	575.68	590.21	627.7	-	576.51	-
Total Common Shareholders' Equity	519.16	523.43	572.96	-	546.97	-
Minority Interest	-	-	-	-	8.6	-
Shareholders' Equity	519.16	523.43	572.96	-	555.57	-
Total Liabilities & Equity	1,018	1,025	866.13	185.02	828.47	130.42
Total Debt	357.71	358.64	150.19	0	118.83	0
Net Cash (Debt)	-43.45	-20.81	-16.5	0.7	-11.89	29.66
Net Cash Per Share	-167.19	-79.84	-59.07	2.42	-39.90	93.48
Book Value	519.16	523.43	572.96	0	546.97	0
Book Value Per Share	1997.70	2008.66	2050.82	-	1835.27	-
Tangible Book Value	443.08	447.19	497.65	0	470.42	0
Tangible Book Value Per Share	1704.95	1716.08	1781.24	-	1578.41	-

Updated May 8, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q