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Biglari Holdings Inc. BH Gift Cards — Total revenues

Other product segments

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

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CRIGift Cards Member — Recognized revenue from gift card liability
$4.1M+13.9%

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 gift cards — total revenues?
Biglari Holdings Inc. (BH) reported gift cards — total revenues of $1.16M in Q4 2025.
How has Biglari Holdings Inc.'s gift cards — total revenues changed year-over-year?
Biglari Holdings Inc.'s gift cards — total revenues increased by 10.3% year-over-year, from $1.06M to $1.16M.
What is the long-term trend for Biglari Holdings Inc.'s gift cards — total revenues?
Over 4 years (2021 to 2025), Biglari Holdings Inc.'s gift cards — total revenues has grown at a -5.8% compound annual growth rate (CAGR), from $5.9M to $4.66M.
What does gift cards — total revenues mean?
This metric represents the total revenue recognized from the sale and redemption of gift cards within the specified business segment. It reflects the consumer demand for the company's products or services through prepaid instruments and serves as an indicator of brand engagement and future sales potential. Tracking this revenue stream helps investors assess the contribution of prepaid programs to the overall top-line performance of the segment.