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Biglari Holdings Inc. BH Insurance — Change in foreign exchange rates

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$72K+312%

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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$1.21B+42.1%
Enterprise value$1.43B+66.0%
P/S+0.7×

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:ChangeInForeignExchangeRates.

The source filing: Biglari Holdings Inc.’s 10-K, filed March 2, 2026.

Filed
Mar 2, 2026, 6:32 AM EST
Fiscal year
FY2025
Accession
0001628280-26-012987
Balance as of December 31, 2023RestaurantsInsuranceTotal
Goodwill$28,117$25,713$53,830
Accumulated impairment losses(1,300)(1,300)
$26,817$25,713$52,530
Change in foreign exchange rates during 2024(34)(34)
Balance as of December 31, 2024$26,783$25,713$52,496
Change in foreign exchange rates during 20257272
Balance as of December 31, 2025$26,855$25,713$52,568

Item 8. Financial Statements and Supplementary Data

FAQ

What is Biglari Holdings Inc.'s insurance — change in foreign exchange rates?
Biglari Holdings Inc. (BH) reported insurance — change in foreign exchange rates of $0 in Q4 2025.
What does insurance — change in foreign exchange rates mean?
This metric quantifies the impact of fluctuations in currency exchange rates on the financial results of the insurance segment's international operations. It isolates the gains or losses resulting from translating foreign-denominated assets, liabilities, or earnings into the reporting currency. Monitoring this helps investors distinguish between operational performance and volatility caused by global macroeconomic currency shifts.

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