Biglari Holdings Inc. (BH)

Revenue

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012	2002 - 2011
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Sep 25, 2013	Sep 26, 2012	2002 - 2011
Steak n Shake Revenue	260.28M	240.85M													Upgrade
Western Sizzlin Revenue	10.41M	10.60M													Upgrade
Total Restaurant Operations Revenue	270.69M	251.45M													Upgrade
First Guard Revenue	36.94M	37.69M													Upgrade
Southern Pioneer Revenue	32.65M	28.12M													Upgrade
Investment Income and Other Revenue	6.79M	6.88M													Upgrade
Total Insurance Operations Revenue	76.37M	72.69M													Upgrade
Abraxas Petroleum Revenue	20.04M	22.59M													Upgrade
Southern Oil Revenue	13.95M	14.36M													Upgrade
Total Oil and Gas Operations Revenue	33.99M	36.95M													Upgrade
Maxim Revenue	5.45M	1.03M													Upgrade

EBT

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012	2002 - 2011
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Sep 25, 2013	Sep 26, 2012	2002 - 2011
Restaurant Operations Income Before Income Taxes	21.85M	21.61M													Upgrade
Insurance Operations Income Before Income Taxes	10.45M	9.09M													Upgrade
Oil and Gas Operations Income Before Income Taxes	12.67M	19.77M													Upgrade
Maxim Income Before Income Taxes	-2.04M	-1.18M													Upgrade
Interest Expense Not Allocated to Segments	-3.04M	-771.00K													Upgrade

Key Performance Indicators

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012	2002 - 2011
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Sep 25, 2013	Sep 26, 2012	2002 - 2011
Steak n Shake Company Operated Restaurants	141.00	146.00													Upgrade
Steak n Shake Franchise Partner Restaurants	173.00	173.00													Upgrade
Steak n Shake Traditional Franchise Restaurants	96.00	107.00													Upgrade
Western Sizzlin Company Operated Restaurants	3.00	3.00													Upgrade
Western Sizzlin Franchise Restaurants	28.00	29.00													Upgrade
Total Number of Restaurants	441.00	458.00													Upgrade
Insurance Operations Combined Ratio	-	93.30%													Upgrade
Total Proved Oil and Gas Reserves (MBOE)	-	8.09K													Upgrade

Updated Nov 7, 2025. Data Source: Fiscal.ai.