Biglari Holdings (BH-A) Operating Expenses (2017 - 2026)

Biglari Holdings' Operating Expenses history runs 10 years deep, the most recent figure standing at $101.6 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 19.5% year-over-year to $101.6 million; the TTM figure through Mar 2026 stood at $393.1 million (up 18.81% YoY), while the FY2025 annual figure was $376.5 million, up 14.24% from the prior year.
• Operating Expenses was $101.6 million for Q1 2026 at Biglari Holdings, roughly flat from $101.6 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $101.6 million in Q1 2026 to a low of $70.6 million in Q3 2023.
• Historically, Operating Expenses has averaged $86.0 million across 5 years, with a median of $85.0 million in 2025.
• The sharpest annual moves came in 2024 and 2025: Operating Expenses decreased 14.45% in 2024, then soared 35.71% in 2025.
• A 5-year view of Operating Expenses shows it stood at $93.2 million in 2022, then fell by 6.86% to $86.9 million in 2023, then rose by 0.42% to $87.2 million in 2024, then grew by 16.5% to $101.6 million in 2025, then climbed by 0.01% to $101.6 million in 2026.
• The last three Operating Expenses figures came in at $101.6 million (Q1 2026), $101.6 million (Q4 2025), and $92.9 million (Q3 2025), per Business Quant data.