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

Biglari Holdings has reported Operating Expenses for 10 years, with the latest figure at $101.6 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 19.5% year-over-year to $101.6 million; the trailing twelve-month figure through Mar 2026 stood at $393.1 million (up 18.81% YoY), and the FY2025 full-year result was $376.5 million, up 14.24% from the prior year.
• Operating Expenses for Q1 2026 stood at $101.6 million, roughly flat from $101.6 million in the prior quarter.
• The five-year high for Operating Expenses was $101.6 million in Q1 2026, with the low at $70.6 million in Q3 2023.
• Average Operating Expenses over 5 years is $86.0 million, with a median of $85.0 million recorded in 2025.
• Year-over-year, Operating Expenses dropped 14.45% in 2024 and surged 35.71% in 2025.
• Tracing BH-A's Operating Expenses over 5 years: stood at $93.2 million in 2022, then retreated by 6.86% to $86.9 million in 2023, then gained by 0.42% to $87.2 million in 2024, then increased by 16.5% to $101.6 million in 2025, then grew 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.

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