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Biglari Holdings Inc. BH Investment Income — Restaurant operations

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Biglari Holdings Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Biglari Holdings Inc.'s investment income — restaurant operations?
Biglari Holdings Inc. (BH) reported investment income — restaurant operations of $651K in Q1 2026.
How has Biglari Holdings Inc.'s investment income — restaurant operations changed year-over-year?
Biglari Holdings Inc.'s investment income — restaurant operations decreased by 22.2% year-over-year, from $837K to $651K.
What is the long-term trend for Biglari Holdings Inc.'s investment income — restaurant operations?
Over 3 years (2022 to 2025), Biglari Holdings Inc.'s investment income — restaurant operations has grown at a 34.2% compound annual growth rate (CAGR), from $1.38M to $3.34M.
What does investment income — restaurant operations mean?
This metric represents the revenue generated specifically from investment activities attributed to the restaurant operations segment. It reflects the financial returns earned on capital allocated to or managed within the restaurant business unit. Investors use this to assess how effectively the company utilizes excess cash or assets within its primary operating segment to generate non-operating income.