Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data BT Brands, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2019
FY2019
FY2019
FY2019
FY2021
FY2022
FY2023
FY2024
FY2023
FY2024
Revenue
7.05
6.48
8.16
8.45
12.6
14.1
14.1
14.8
General and administrative
0.49
0.56
0.69
0.42
1.63
1.65
1.65
1.69
Operating income
0.24
-0.37
0.53
0.98
-0.39
-1.07
-1.07
-1.83
Interest expense
-0.18
0.21
0.18
0.17
0.11
0.1
0.1
0.1
Interest income
0
0
0.1
0
Other non-operating income
-0.03
0.01
0.47
0
-0.08
0.08
0.1
0.01
Pre-tax income
0.03
-0.57
0.92
0.81
-0.74
-1.03
-1.03
-2.11
Income tax
-0.01
-0.1
0.13
0.2
0.18
-0.15
0.15
0.21
Net income
0.02
0.02
-0.47
-0.37
0.79
0.61
-0.56
-0.89
-0.89
-2.31
EBITDA
0.24
-0.16
0.72
1.21
0.06
-0.47
-0.47
-1.09
EPS, basic
0.00
-0.12
0.20
0.14
EPS, diluted
0.00
-0.12
0.20
0.14
Shares, basic (weighted)
3.01
4.04
4.05
Shares, diluted (weighted)
3.01
4.04
4.05
Balance sheet
FY2019
FY2019
FY2019
FY2019
FY2021
FY2022
FY2023
FY2024
FY2023
FY2024
Cash and equivalents
0.66
0.66
0.26
1.32
12.4
2.15
5.3
5.3
1.95
Short-term investments
0
5.99
1.39
2.32
Receivables
0.02
0.02
0.02
0.07
0.08
0.03
0.07
Inventory
0.06
0.06
0.06
0.08
0.16
0.2
0.27
Other current assets
0.01
0.01
0.01
0.03
0.04
0.05
0.13
Total current assets
0.79
0.34
1.41
12.6
8.86
7.23
5.12
Property, plant and equipment
2.05
1.65
1.63
1.59
3.29
3.25
3.34
Lease right-of-use assets
0
2
1.79
1.72
Goodwill
0
0.67
0.67
0.8
Intangible assets
0
0.45
0.4
0.37
Total assets
3.26
2.63
3.39
14.5
16.8
14.6
12
Accounts payable
0.29
0.32
0.27
0.29
0.45
0.56
0.61
Accrued liabilities
0.17
0.21
0.42
0.25
0.53
0.48
0.37
Short-term debt
0.25
0.28
0.25
0.17
0.17
0.18
0.19
Total current liabilities
0.73
0.81
1.03
0.93
2.13
1.55
1.44
Long-term debt
3.52
3.22
2.94
2.83
2.66
2.27
2.09
Lease liabilities
0
1.83
1.6
1.5
Total liabilities
4.31
4.13
4.09
3.88
6.62
5.42
5.03
Total debt
3.77
3.56
3.24
3.05
2.87
2.49
2.31
Paid-in capital
0.48
0.5
0.5
11.2
11.4
11.6
11.8
Retained earnings
-1.53
-2
-1.21
-0.6
-1.16
-2.05
-4.36
Treasury stock
0
-0.11
-0.36
-0.5
Shareholders' equity
-1.04
-1.04
-1.49
-1.4
-0.7
10.6
10.2
9.19
6.97
Total equity
-1.04
-1.04
-1.49
-1.4
-0.7
10.6
10.2
9.19
6.97
Total liabilities and equity
3.26
2.63
3.39
14.5
16.8
14.6
12
Shares outstanding
3.37
4.05
4.05
6.4
6.4
6.25
6.15
Cash flow statement
FY2019
FY2019
FY2019
FY2019
FY2021
FY2022
FY2023
FY2024
FY2023
FY2024
Net income
0.02
0.02
-0.47
-0.37
0.79
-0.61
-0.56
-0.89
-0.89
-2.31
Depreciation and amortization
0
0.21
0.19
0.23
0.45
0.6
0.6
0.74
Stock-based compensation
0
0.12
0.17
0.23
Deferred income tax
0
0.15
0.04
0
Change in receivables
0
-0
0
0.05
0
0.05
-0.04
Change in inventory
-0.01
-0
0
-0.02
0.02
-0.04
-0.01
Change in payables
-0.06
0.03
-0.07
0.04
0.16
0.11
0.04
Cash from operations
0.05
0.05
1.4
0.81
0.21
-0.26
-0.72
Capital expenditures
0.07
0
-0.15
-0.21
-0.48
-0.49
-0.49
Acquisitions
-1.15
0
-0.94
Purchases of investments
0
-25.7
-0.53
-2.3
Sales and maturities of investments
0
19.6
5.24
1.42
Cash from investing
0.22
-0.18
0.02
-0.21
-11
4.71
-2.18
Debt issued
0.14
0
0.08
3.11
0
Debt repaid
0.4
-0.28
-0.44
-3.3
-0.17
-0.38
-0.18
Stock issued
10.7
0
Share buybacks
-0.11
-0.25
-0.14
Cash from financing
0.16
-0.28
-0.36
10.5
0.59
-1.3
-0.44
Net change in cash
1.06
11.1
-10.2
3.15
-3.35
Free cash flow
0.12
0.05
1.24
0.61
-0.27
-0.75
-1.22
Interest paid
0.17
0.2
0.13
0.12
0.11
0.09
0.09
Income taxes paid
0
0.11
0.21
0
Key metrics
Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $1.94 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-12.4%
Operating income / revenue.
EBITDA margin
-7.3%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-14.2%
Pre-tax income / revenue.
Net margin
-15.6%
Net income / revenue.
FCF margin
-8.2%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-4.9%
Cash from operations / revenue.
Return on equity (ROE)
-28.6%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-17.4%
Net income / average total assets.
Return on invested capital (ROIC)
-21.1%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
1.6%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
3.3%
Capital expenditures / revenue.
D&A / revenue
5.0%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
5.3%
Revenue vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-24.2%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-17.9%
Total assets vs the same period a year earlier. Only from a positive base.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
3.55x
Current assets / current liabilities.
Quick ratio
3.01x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
2.96x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.33x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
19.2%
Total debt / total assets.
Liabilities / assets
41.9%
Total liabilities / total assets.
Net debt
-$2.0M
Total debt - cash - short-term investments. Negative means more cash than debt.
Market cap + total debt - cash - short-term investments.
P/S
0.81x
Market cap / revenue.
P/B
1.72x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
2.07x
Market cap / tangible book value, when positive.
EV/Sales
0.68x
Enterprise value / revenue.
FCF yield
-10.1%
Free cash flow / market cap.
Earnings yield
-19.3%
Net income / market cap (the inverse of P/E).
Shareholder yield
1.2%
(Dividends paid + share buybacks) / market cap.
What was BT Brands, Inc.'s revenue in fiscal 2024?
BT Brands, Inc. reported revenue of $14.8M for fiscal 2024, 5.3% higher than the year before.
Was BT Brands, Inc. profitable in fiscal 2024?
No. It reported a net loss of $2.3M.
How much free cash flow did BT Brands, Inc. generate in fiscal 2024?
Cash from operations of $723.5K minus capital expenditures of $494.1K left free cash flow of -$1.2M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.