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Biglari Holdings Inc. BH Gift Cards — Revenue, remaining performance obligation, amount

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SGGift Cards — Revenue recognized from gift card liability balance at the beginning of the year
$374K-9.0%

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$1.18B+34.6%
Enterprise value$1.27B+43.0%
P/S+0.6×

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:RevenueRemainingPerformanceObligation.

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 gift cards — revenue, remaining performance obligation, amount?
Biglari Holdings Inc. (BH) reported gift cards — revenue, remaining performance obligation, amount of $4.97M in Q4 2025.
How has Biglari Holdings Inc.'s gift cards — revenue, remaining performance obligation, amount changed year-over-year?
Biglari Holdings Inc.'s gift cards — revenue, remaining performance obligation, amount decreased by 4.6% year-over-year, from $5.21M to $4.97M.
What does gift cards — revenue, remaining performance obligation, amount mean?
This metric represents the aggregate amount of the transaction price allocated to gift card performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period. It signifies the value of prepaid services or products that customers have purchased but have not yet redeemed. Monitoring this balance provides insight into deferred revenue liabilities and the potential for future revenue recognition as these obligations are fulfilled.