Stocks Consumer discretionary BH
NYSE · Consumer discretionaryBiglari Holdings Inc. (BH)
Biglari Holdings Inc. brought in $417.9M of revenue over the twelve months to September 30, 2026, up 8.1% from a year earlier. It posted a net loss of $23.4M. Operating cash flow minus capital spending left $76.6M of free cash flow in fiscal 2025. At September 30, 2026 it held $213.4M in cash against $209.3M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 6, 2026.
Key facts about Biglari Holdings Inc.
- Net worth
- Biglari Holdings Inc. has a market value (market cap) of $869.1M at the latest share price, and shareholders' equity of $594.8M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $395.3M (+9.2% year on year), with a net loss of $37.5M. Over the 12 months to September 30, 2026: revenue $417.9M, net loss $23.4M.
- Cash flow
- In fiscal 2025 operations brought in $107M of cash; after $30.4M of capital spending, free cash flow was $76.6M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 6, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Biglari Holdings Inc.'s next report is expected around March 1, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Biglari Holdings Inc. does
Biglari Holdings Inc. is registered with the SEC under industry code SIC 5812 (Retail-Eating Places). Its shares trade on NYSE under the ticker BH.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $395.3M | -$37.5M | -$143.86 | $76.6M |
| 2024 | $362.1M | -$3.8M | -$13.45 | $19.1M |
| 2023 | $365.3M | $54.9M | $189.49 | $49.6M |
| 2022 | $368.2M | -$32M | -$107.43 | $98.1M |
| 2021 | $366.1M | $35.5M | $111.83 | $164.2M |
| 2020 | $433.7M | -$38M | -$110.05 | $96.9M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where BH ranks in Consumer discretionary
Latest SEC filings
What Biglari Holdings Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026
- November 6, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 12% to $112.1M versus the same quarter last year; net income of $1M versus a net loss of $5.3M.
- November 6, 2026Passive stake (5% or more) SCHEDULE 13G
- August 7, 2026
- August 7, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 7.9% to $108.5M versus the same quarter last year; net income fell 22% to $39.9M.
- May 8, 2026
- May 8, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 2.6% to $97.5M versus the same quarter last year; net loss of $14.5M.
- April 10, 2026
- March 31, 2026Annual report (amended) 10-K/A · period to December 31, 2025Revenue rose 9.2% to $395.3M versus the prior year; diluted EPS -$143.86 versus -$13.45.
- March 11, 2026
Insider trades
What the people running Biglari Holdings Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| June 5, 2026 | Biglari, SardarChairman and CEO, Director, 10% owner | Boughtindirect | 535 | $159K |
| June 4, 2026 | Biglari, SardarChairman and CEO, Director, 10% owner | Boughtindirect | 1,743 | $499.8K |
| May 14, 2026 | Biglari, SardarChairman and CEO, Director, 10% owner | Boughtindirect | 14,351 | $3.7M |
| May 13, 2026 | Biglari, SardarChairman and CEO, Director, 10% owner | Boughtindirect | 15,358 | $4M |
| May 12, 2026 | Biglari, SardarChairman and CEO, Director, 10% owner | Boughtindirect | 22,965 | $5.7M |
| March 13, 2026 | Biglari, SardarChairman and CEO, Director, 10% owner | Boughtindirect | 2,810 | $849.2K |
| March 9, 2026 | Biglari, SardarChairman and CEO, Director, 10% owner | Boughtindirect | 3,320 | $999.5K |
| March 6, 2026 | Biglari, SardarChairman and CEO, Director, 10% owner | Boughtindirect | 2,441 | $749.9K |
Who owns BH
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Biglari, Sardar13D, may seek influence with 9 related filers | 9.98% | January 14, 2026 |
| GAMCO Asset Management Inc.13D, may seek influence with 5 related filers | 5.7% | October 21, 2025 |
| Barclays PLC13G, passive | 5.15% | November 6, 2026 |
Largest institutional holders
Insiders
1 insiders reported holding 1,529,194 shares in total, about $571.2M at the last price.
| Holder | Shares |
|---|---|
| Biglari, SardarChairman and CEO, Director, 10% owner | 1,529,1941,529,194 held indirectly |
Questions about BH
What does Biglari Holdings Inc. do?
Biglari Holdings Inc. is a company in the Consumer discretionary sector, listed on NYSE as BH. Its shares trade on NYSE under the ticker BH.
What is Biglari Holdings Inc.'s net worth?
Biglari Holdings Inc. has a market value (market cap) of $869.1M at the latest share price, and shareholders' equity of $594.8M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Biglari Holdings Inc. profitable?
No. Over the twelve months to September 30, 2026 it reported a net loss of $23.4M on revenue of $417.9M.
How much revenue does Biglari Holdings Inc. make?
Over the twelve months to September 30, 2026 Biglari Holdings Inc. reported revenue of $417.9M. That is 8.1% more than a year earlier.
When did Biglari Holdings Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 6, 2026. It covers the period to September 30, 2026.
When is Biglari Holdings Inc.'s next earnings report?
Biglari Holdings Inc.'s next report is expected around March 1, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Biglari Holdings Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.