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Pre-Tax Income at other companies

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Segments

By segment

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Insurance Segment$3.24M+111%
Oil And Gas Segment$467K+44.1%
Brand Licensing-$84K+68.5%

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 us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The source filing: Biglari Holdings Inc.’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:14 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054841
Line itemSecond Quarter / 2026Second Quarter / 2025First Six Months / 2026First Six Months / 2025
Other income
Investment gains (losses)9,7082,9258,4211,340
Investment partnership gains (losses)35,63758,50422,1838,912
Total other income (expenses)45,34561,42930,60410,252
Earnings (loss) before income taxes51,61965,10232,73723,919
Income tax expense (benefit)11,69314,1717,3426,263
Net earnings (loss)$39,926$50,931$25,395$17,656
Net earnings (loss) per average equivalent Class A share *$158.17$194.57$99.78$67.26

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Biglari Holdings Inc.'s pre-tax income?
Biglari Holdings Inc. (BH) reported pre-tax income of $51.62M in Q2 2026.
How has Biglari Holdings Inc.'s pre-tax income changed year-over-year?
Biglari Holdings Inc.'s pre-tax income decreased by 20.7% year-over-year, from $65.1M to $51.62M.
What is the long-term trend for Biglari Holdings Inc.'s pre-tax income?
Over 2 years (2023 to 2025), Biglari Holdings Inc.'s pre-tax income has grown at a -14.2% compound annual growth rate (CAGR), from $64.85M to -$47.69M.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

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