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Biglari Holdings Inc. BH Restaurant operations — Change in foreign exchange rates

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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 bh:ChangeInForeignExchangeRates.

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 restaurant operations — change in foreign exchange rates?
Biglari Holdings Inc. (BH) reported restaurant operations — change in foreign exchange rates of $18K in Q4 2025.
How has Biglari Holdings Inc.'s restaurant operations — change in foreign exchange rates changed year-over-year?
Biglari Holdings Inc.'s restaurant operations — change in foreign exchange rates increased by 311.8% year-over-year, from -$8.5K to $18K.
What is the long-term trend for Biglari Holdings Inc.'s restaurant operations — change in foreign exchange rates?
Over 4 years (2021 to 2025), Biglari Holdings Inc.'s restaurant operations — change in foreign exchange rates has grown at a 10.1% compound annual growth rate (CAGR), from -$49K to $72K.
What does restaurant operations — change in foreign exchange rates mean?
Represents the impact of fluctuations in currency exchange rates on the reported financial results of the restaurant operations segment. This metric highlights the sensitivity of the segment's international or cross-border activities to global currency market volatility. It helps investors isolate operational performance from external macroeconomic currency effects.