BIGLARI HOLDINGS INC. (BH-A) FY2026 Q2 P&L / Income Statement

Revenue by Business Segment

2026-04-01 to 2026-06-30

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BIGLARI HOLDINGS INC. (BH-A) FY2026 Q2 P&L / Income StatementIncome statement for 2026-04-01 through 2026-06-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.SOURCESREVENUEGROSSOPERATINGPRE-TAXNETRestaurant SegmentInsurance SegmentOil And Gas SegmentBrand LicensingTotal revenuesGross profit (calculated)Restaurant cost of salesOperating profit (calculated)Operating expenses (calculated)Selling, general and administrativeInsurance losses and underwriting expensesDepreciation, depletion, and amortizationInterest expense on borrowingsGain on sale of oil and gas propertiesOil and gas production costsLicensing and media costsInterest expense on leasesTotal other income (expenses)Earnings (loss) before income taxesNet earnings (loss)Income tax expense (benefit)Total other income (expenses)Total other income(expenses)$45.35 MEarnings (loss) before income taxesEarnings (loss)before income taxes$51.62 MNet earnings (loss)Net earnings (loss)$39.93 MGross profit (calculated)Gross profit(calculated)$67.40 MOperating profit (calculated)Operating profit(calculated)$6.27 MTotal revenuesTotal revenues$108.52 MOperating expenses (calculated)Operating expenses(calculated)$61.12 MIncome tax expense (benefit)Income taxexpense (benefit)$11.69 MRestaurant SegmentRestaurant Segment$74.73 MSelling, general and administrativeSelling, general and administrative$26.23 MInsurance losses and underwriting expensesInsurance losses andunderwriting expenses$15.13 MRestaurant cost of salesRestaurantcost of sales$41.13 MInsurance SegmentInsurance Segment$19.03 MDepreciation, depletion, and amortizationDepreciation, depletion,and amortization$10.15 MOil And Gas SegmentOil And Gas Segment$11.26 MInterest expense on borrowingsInterest expense on borrowings$5.53 MBrand LicensingBrand Licensing$3.51 MGain on sale of oil and gas propertiesGain on sale of oiland gas properties−$4.80 MOil and gas production costsOil and gas production costs$4.15 MLicensing and media costsLicensing and media costs$3.34 MInterest expense on leasesInterest expense on leases$1.40 M
Chart details

BIGLARI HOLDINGS INC. (BH-A) FY2026 Q2 P&L / Income Statement

Income statement for 2026-04-01 through 2026-06-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenues
108,524,000 US dollars
Restaurant cost of sales
41,127,000 US dollars
Gross profit (calculated)
67,397,000 US dollars
Operating expenses (calculated)
61,123,000 US dollars
Operating profit (calculated)
6,274,000 US dollars
Total other income (expenses)
45,345,000 US dollars
Earnings (loss) before income taxes
51,619,000 US dollars
Income tax expense (benefit)
11,693,000 US dollars
Net earnings (loss)
39,926,000 US dollars
Brand Licensing
3,507,000 US dollars
Insurance Segment
19,030,000 US dollars
Oil And Gas Segment
11,260,000 US dollars
Restaurant Segment
74,727,000 US dollars
Impairments
0 US dollars
Interest expense on leases
1,400,000 US dollars
Licensing and media costs
3,335,000 US dollars
Selling, general and administrative
26,230,000 US dollars
Oil and gas production costs
4,147,000 US dollars
Insurance losses and underwriting expenses
15,133,000 US dollars
Depreciation, depletion, and amortization
10,149,000 US dollars
Interest expense on borrowings
5,532,000 US dollars
Gain on sale of oil and gas properties
negative 4,803,000 US dollars

Chart connections

  • Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
  • Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
BIGLARI HOLDINGS INC. (BH-A) FY2026 Q2 Revenue by Business Segment Sankey chart
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Gross margin

62.1%

Gross profit / revenue

Operating margin

5.8%

Operating profit / revenue

Cash conversion

37.4%

Operating cash / net income, same period

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