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Biglari Holdings Inc. BH Advertising — Total revenues

Other product segments

Franchise partner fees
$17.14M
Franchise royalties and fees
$3.49M

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Other financials

Income statement

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Revenue$97.5M+2.6%
Gross profit$60.0M+4.8%
Net income-$14.5M+56.3%
EPS (diluted)-$11.16+55.9%

Balance sheet

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Cash & equivalents$200.1M+598%
Total debt$290.3M+627%
Total equity$519.2M-3.8%
Total assets$1.0B+22.8%

Cash flow

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Operating cash flow$20.3M+28.7%
CapEx$7.0M-4.6%
Free cash flow$13.4M+57.3%

Valuation

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Market cap$1.13B+28.7%
Enterprise value$1.22B+37.2%
P/S2.8×+0.5×

Profitability

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Gross margin59.5%-0.6pp
Net margin-4.7%-2.0pp
FCF margin20.5%

Returns & leverage

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Return on equity-3.5%-1.4pp
Debt / equity0.6×+0.5×
Current ratio2.5×+1.3×

Where this comes from

Reported directly by Biglari Holdings Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Biglari Holdings Inc.’s 10-K, filed March 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Biglari Holdings Inc.'s advertising — total revenues?
Biglari Holdings Inc. (BH) reported advertising — total revenues of $862K in Q4 2025.
How has Biglari Holdings Inc.'s advertising — total revenues changed year-over-year?
Biglari Holdings Inc.'s advertising — total revenues increased by 4.8% year-over-year, from $822.5K to $862K.
What is the long-term trend for Biglari Holdings Inc.'s advertising — total revenues?
Over 4 years (2021 to 2025), Biglari Holdings Inc.'s advertising — total revenues has grown at a -15.7% compound annual growth rate (CAGR), from $6.83M to $3.45M.
What does advertising — total revenues mean?
This metric represents the total gross revenue generated by the company's advertising business segment during the reporting period. It reflects the financial performance of advertising services provided to external customers, serving as an indicator of the segment's market demand and revenue-generating capacity.