KPIs & Operating Metrics(New)
Growth Metrics

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

Biglari Holdings (BH) has 9 years of Operating Expenses data on record, last reported at $101.6 million in Q4 2025.

  • For Q4 2025, Operating Expenses rose 16.5% year-over-year to $101.6 million; the TTM value through Dec 2025 reached $376.5 million, up 14.24%, while the annual FY2025 figure was $376.5 million, 14.24% up from the prior year.
  • Operating Expenses reached $101.6 million in Q4 2025 per BH's latest filing, up from $92.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $101.6 million in Q4 2025 and bottomed at $70.6 million in Q3 2023.
  • Average Operating Expenses over 5 years is $85.1 million, with a median of $84.4 million recorded in 2024.
  • Peak YoY movement for Operating Expenses: tumbled 39.71% in 2021, then soared 35.71% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $92.1 million in 2021, then rose by 1.28% to $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.
  • Per Business Quant database, its latest 3 readings for Operating Expenses were $101.6 million in Q4 2025, $92.9 million in Q3 2025, and $96.9 million in Q2 2025.