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Biglari Holdings Inc. BH Insurance premiums and other — CapEx

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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:SegmentExpenditureAdditionToLongLivedAssets.

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 insurance premiums and other — capex?
Biglari Holdings Inc. (BH) reported insurance premiums and other — capex of $64.25K in Q4 2025.
How has Biglari Holdings Inc.'s insurance premiums and other — capex changed year-over-year?
Biglari Holdings Inc.'s insurance premiums and other — capex increased by 69.1% year-over-year, from $38K to $64.25K.
What is the long-term trend for Biglari Holdings Inc.'s insurance premiums and other — capex?
Over 3 years (2022 to 2025), Biglari Holdings Inc.'s insurance premiums and other — capex has grown at a -45.2% compound annual growth rate (CAGR), from $1.56M to $257K.
What does insurance premiums and other — capex mean?
Represents the total cash outflows used by the insurance segment to acquire, upgrade, or maintain physical assets such as property, technology, or equipment. This metric reflects the level of investment required to support the operational infrastructure of the insurance business. Monitoring these expenditures helps investors assess the capital intensity of the insurance operations.