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Biglari Holdings (BH) Operating Expenses (2017 - 2025)

Biglari Holdings has reported Operating Expenses over the past 9 years, most recently at $101.6 million for Q4 2025.

  • Quarterly results put Operating Expenses at $101.6 million for Q4 2025, up 16.5% from a year ago — trailing twelve months through Dec 2025 was $376.5 million (up 14.24% YoY), and the annual figure for FY2025 was $376.5 million, up 14.24%.
  • Operating Expenses for Q4 2025 was $101.6 million at Biglari Holdings, up from $92.9 million in the prior quarter.
  • Over the last five years, Operating Expenses for BH hit a ceiling of $101.6 million in Q4 2025 and a floor of $70.6 million in Q3 2023.
  • Median Operating Expenses over the past 5 years was $84.4 million (2024), compared with a mean of $85.1 million.
  • Biggest five-year swings in Operating Expenses: plummeted 39.71% in 2021 and later surged 35.71% in 2025.
  • Biglari Holdings' Operating Expenses stood at $92.1 million in 2021, then grew by 1.28% to $93.2 million in 2022, then dropped by 6.86% to $86.9 million in 2023, then grew by 0.42% to $87.2 million in 2024, then increased by 16.5% to $101.6 million in 2025.
  • The last three reported values for Operating Expenses were $101.6 million (Q4 2025), $92.9 million (Q3 2025), and $96.9 million (Q2 2025) per Business Quant data.