BH-A · NYSE, NYSE · CIK 0001726173

Biglari Holdings Inc.

Biglari Holdings Inc.’s most recent SEC filing in our snapshot is a Form 4 filed on Oct 20, 2026. In fiscal 2025 (year ended Dec 31, 2025) it reported revenue of $395.3M and net income of -$37.5M, according to its XBRL data on EDGAR. Its EDGAR record lists 20 Form 4 insider filings from the 12 months before our last refresh.

SEC EDGAR snapshot updated Oct 27, 2026, 11:27 PM EDT. See all filings on sec.gov.

Revenue, FY2025
$395.3M
Net income, FY2025
-$37.5M
Form 4 filings on record, past 12 months
20

Company overview

Legal name (as filed)
Biglari Holdings Inc.
Tickers
BH-A, BH
SEC Central Index Key (CIK)
0001726173
Industry (SIC)
Retail-Eating Places (code 5812)
Business address
SAN ANTONIO, TX
State or country of incorporation
IN
Fiscal year ends
December 31
SEC filer category
Accelerated filer
Position in SEC ticker list
#2293 of the 3,000 companies we track

Five-year financial highlights

Full-year figures from Biglari Holdings Inc.’s annual reports, as tagged in XBRL and published by the SEC. Amounts are in U.S. dollars; the fiscal year is named for the calendar year in which it ends.

Revenue
$366.1MFY2021$368.2MFY2022$365.3MFY2023$362.1MFY2024$395.3MFY2025
Net income
$35.5MFY2021-$32.0MFY2022$54.9MFY2023-$3.8MFY2024-$37.5MFY2025
BH-A annual results
ItemFY2021
ended Dec 31, 2021		FY2022
ended Dec 31, 2022		FY2023
ended Dec 31, 2023		FY2024
ended Dec 31, 2024		FY2025
ended Dec 31, 2025
Revenue$366.1M$368.2M$365.3M$362.1M$395.3M
Net income$35.5M-$32.0M$54.9M-$3.8M-$37.5M
Diluted EPS$111.83-$107.43$189.49-$13.45-$143.86
Total assets$894.8M$828.5M$849.4M$866.1M$1.0B
Cash and equivalents$42.3M$37.5M$28.1M$30.7M$268.8M

XBRL tags used: revenue = RevenueFromContractWithCustomerExcludingAssessedTax; netIncome = NetIncomeLoss; assets = Assets; eps = EarningsPerShareDiluted; cash = CashAndCashEquivalentsAtCarryingValue. EPS is shown as originally reported for each year and may not be adjusted for later stock splits. A dash means the company did not report that item in a form we could match.

How to read these numbers

Revenue is the money a company brings in from selling its products and services; net income is what is left after all expenses, interest and taxes. Diluted EPS spreads net income across every share that could exist if options and convertible securities were exercised. Total assets and cash are balance-sheet figures measured on the last day of the fiscal year. For the full story — segment results, one-time charges, guidance — read Management’s Discussion and Analysis in the Form 10-K.

Latest key reports

The most recent filing of each major report type, even if it falls outside the 40 newest filings below.

BH-A latest annual, quarterly, current and proxy reports
FiledFormWhat it isOriginal
Mar 2, 202610-KAnnual report· period Dec 31, 2025Document · Index
Aug 7, 202610-QQuarterly report· period Jun 30, 2026Document · Index
Aug 7, 20268-KResults of operations· period Aug 7, 2026Document · Index
Mar 11, 2026DEF 14ADefinitive proxy statement· period Apr 8, 2026Document · Index

Recent SEC filings

The 40 newest documents filed by or about Biglari Holdings Inc., by form type:

4 ×208-K ×5144 ×210-Q ×2CORRESP ×2SCHEDULE 13D/A ×210-K/A ×1ARS ×1DEF 14A ×110-K ×1UPLOAD ×1EFFECT ×1S-3 ×1
BH-A recent filings
FiledFormWhat it isOriginal
Oct 20, 20264Statement of changes in beneficial ownership (insider trade)· period Oct 16, 2026Document · Index
Oct 16, 2026144Notice of proposed sale of securitiesDocument · Index
Aug 11, 20264Statement of changes in beneficial ownership (insider trade)· period Aug 7, 2026Document · Index
Aug 7, 20268-KResults of operations· period Aug 7, 2026Document · Index
Aug 7, 202610-QQuarterly report· period Jun 30, 2026Document · Index
Aug 5, 20264Statement of changes in beneficial ownership (insider trade)· period Aug 3, 2026Document · Index
Jul 31, 20264Statement of changes in beneficial ownership (insider trade)· period Jul 29, 2026Document · Index
Jul 29, 2026144Notice of proposed sale of securitiesDocument · Index
Jul 21, 20264Statement of changes in beneficial ownership (insider trade)· period Jul 17, 2026Document · Index
Jul 16, 20264Statement of changes in beneficial ownership (insider trade)· period Jul 14, 2026Document · Index
Jul 14, 20264Statement of changes in beneficial ownership (insider trade)· period Jul 13, 2026Document · Index
Jul 6, 20264Statement of changes in beneficial ownership (insider trade)· period Jul 1, 2026Document · Index
Jun 30, 20264Statement of changes in beneficial ownership (insider trade)· period Jun 26, 2026Document · Index
Jun 5, 20264Statement of changes in beneficial ownership (insider trade)· period Jun 4, 2026Document · Index
May 14, 20264Statement of changes in beneficial ownership (insider trade)· period May 12, 2026Document · Index
May 8, 20268-KResults of operations· period May 8, 2026Document · Index
May 8, 202610-QQuarterly report· period Mar 31, 2026Document · Index
Apr 10, 20268-KShareholder vote results· period Apr 8, 2026Document · Index
Mar 31, 202610-K/AAmended annual report· period Dec 31, 2025Document · Index
Mar 13, 20264Statement of changes in beneficial ownership (insider trade)· period Mar 13, 2026Document · Index
Mar 11, 2026ARSARS· period Dec 31, 2025Document · Index
Mar 11, 2026DEF 14ADefinitive proxy statement· period Apr 8, 2026Document · Index
Mar 9, 20264Statement of changes in beneficial ownership (insider trade)· period Mar 9, 2026Document · Index
Mar 6, 20264Statement of changes in beneficial ownership (insider trade)· period Mar 6, 2026Document · Index
Mar 3, 20264Statement of changes in beneficial ownership (insider trade)· period Mar 3, 2026Document · Index
Mar 2, 20268-KResults of operations; Regulation FD disclosure· period Feb 28, 2026Document · Index
Mar 2, 202610-KAnnual report· period Dec 31, 2025Document · Index
Jan 27, 2026UPLOADUPLOADDocument · Index
Jan 26, 2026EFFECTEFFECTDocument · Index
Jan 22, 2026CORRESPCORRESPDocument · Index
Jan 22, 2026CORRESPCORRESPDocument · Index
Jan 16, 2026S-3Simplified registration statementDocument · Index
Jan 14, 2026SCHEDULE 13D/AActive beneficial ownership report (over 5%)Document · Index
Dec 29, 2025SCHEDULE 13D/AActive beneficial ownership report (over 5%)Document · Index
Dec 17, 20254Statement of changes in beneficial ownership (insider trade)· period Dec 17, 2025Document · Index
Dec 16, 20254Statement of changes in beneficial ownership (insider trade)· period Dec 12, 2025Document · Index
Dec 10, 20254Statement of changes in beneficial ownership (insider trade)· period Dec 8, 2025Document · Index
Dec 5, 20254Statement of changes in beneficial ownership (insider trade)· period Dec 3, 2025Document · Index
Nov 24, 20254Statement of changes in beneficial ownership (insider trade)· period Nov 24, 2025Document · Index
Nov 21, 20258-KRegulation FD disclosure· period Nov 21, 2025Document · Index

Insider filing activity

20 Form 4 filings appear in Biglari Holdings Inc.’s EDGAR record between Oct 28, 2025 and our last refresh. Most are reports by the company’s own directors, officers and 10% owners, but EDGAR also lists a Form 4 under a company when the company itself is the insider — for example, when it owns more than 10% of another public company. Foreign private issuers’ own insiders generally do not file Form 4. A high count is not by itself a signal: many Form 4s report routine stock awards, tax withholding or sales under pre-arranged Rule 10b5-1 plans. Open each filing to see the transaction code, share count and price. What a Form 4 shows.

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Source

  • U.S. Securities and Exchange Commission, EDGAR submissions for CIK 0001726173 and XBRL company facts. Biglari Holdings Inc. on EDGAR.
  • Snapshot updated Oct 27, 2026, 11:27 PM EDT. The SEC does not endorse OpenFilings. Company names and tickers are used only to identify the filer; no logos are shown.

Not investment advice. This page summarizes public SEC filings for information only. Figures may contain errors or omissions; confirm everything in the original filing before relying on it.