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Biglari Holdings Inc. BH Brand Licensing — Licensing and media costs

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Other financials

Income statement

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Revenue$108.5M+7.9%
Gross profit$67.4M+11.3%
Net income$39.9M-21.6%
EPS (diluted)$31.63-18.7%

Balance sheet

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Cash & equivalents$68.4M+109%
Total debt$289.3M+577%
Total equity$543.8M-7.7%
Total assets$1.1B+22.6%

Cash flow

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Operating cash flow$14.9M-64.5%
CapEx$6.7M+146%
Free cash flow$8.3M-79.0%

Valuation

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Market cap$1.22B+35.3%
Enterprise value$1.45B+58.0%
P/S+0.6×

Profitability

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Gross margin60%-0.2pp
Net margin-7.3%-17.8pp
FCF margin12.4%-4.2pp

Returns & leverage

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Return on equity-5.3%-12.1pp
Debt / equity0.5×+0.5×
Current ratio2.4×+1.1×

Where this comes from

Reported directly by Biglari Holdings Inc. in its filing.

Tagged under the XBRL concept bh:MediaAndLicensingCosts.

The source filing: Biglari Holdings Inc.’s 10-Q, filed August 7, 2026. Open the filing →

Filed
Aug 7, 2026, 4:14 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054841

FAQ

What is Biglari Holdings Inc.'s brand licensing — licensing and media costs?
Biglari Holdings Inc. (BH) reported brand licensing — licensing and media costs of $3.34M in Q2 2026.
How has Biglari Holdings Inc.'s brand licensing — licensing and media costs changed year-over-year?
Biglari Holdings Inc.'s brand licensing — licensing and media costs increased by 37.8% year-over-year, from $2.42M to $3.34M.
What does brand licensing — licensing and media costs mean?
This metric captures the direct expenses incurred to support, promote, and maintain the brand assets being licensed. It includes costs related to marketing campaigns, media placement, and the administrative overhead required to manage licensing agreements. Monitoring these costs helps assess the efficiency of the brand's promotional strategy relative to the revenue generated.

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