Biglari Holdings Inc. (BH)

Revenue

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

Fiscal Year	TTM	FY 2025	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
Period Ending	Sep 30, 2026	Dec 31, 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
Steak n Shake Revenue	280.84M	270.58M	240.85M
Western Sizzlin Revenue	9.62M	10.29M	10.60M
Total Restaurant Operations Revenue	290.46M	280.87M	251.45M
First Guard Revenue	36.80M	36.67M	37.69M
Southern Pioneer Revenue	34.19M	33.47M	28.12M
Investment Income and Other Revenue	5.63M	6.32M	6.88M
Total Insurance Operations Revenue	76.62M	76.46M	72.69M
Abraxas Petroleum Revenue	24.75M	17.00M	22.59M
Southern Oil Revenue	13.38M	13.21M	14.36M
Total Oil and Gas Operations Revenue	38.13M	30.21M	36.95M
Maxim Revenue	12.73M	7.72M	1.03M
Revenue (Total)	417.94M	395.26M	362.11M

EBT

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

Fiscal Year	TTM	FY 2025	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
Period Ending	Sep 30, 2026	Dec 31, 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
Restaurant Operations Income Before Income Taxes	27.61M	23.14M	21.61M
Insurance Operations Income Before Income Taxes	14.75M	12.72M	9.09M
Oil and Gas Operations Income Before Income Taxes	13.78M	12.90M	19.77M
Maxim Income Before Income Taxes	-673.00K	-1.92M	-1.18M
Interest Expense Not Allocated to Segments	-22.11M	-8.22M	-771.00K

Key Performance Indicators

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

Fiscal Year	TTM	FY 2025	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
Period Ending	Sep 30, 2026	Dec 31, 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
Steak n Shake Company Operated Restaurants	123.00	131.00	146.00
Steak n Shake Franchise Partner Restaurants	186.00	179.00	173.00
Steak n Shake Traditional Franchise Restaurants	88.00	94.00	107.00
Western Sizzlin Company Operated Restaurants	2.00	3.00	3.00
Western Sizzlin Franchise Restaurants	27.00	28.00	29.00
Total Number of Restaurants	426.00	435.00	458.00
Insurance Operations Combined Ratio	-	89.70%	93.30%
Total Proved Oil and Gas Reserves (MBOE)	-	6.55K	8.09K

Data Source: Fiscal.ai Last updated: Nov 6, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 12, 2026

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