Biglari Holdings (BH) 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.

• On a quarterly basis, Operating Expenses rose 19.5% year-over-year to $101.6 million in Q1 2026; TTM through Mar 2026 was $393.1 million, a 18.81% increase from a year earlier, with the FY2025 full-year figure at $376.5 million, up 14.24% from the prior year.
• Operating Expenses steadied at $101.6 million in Q1 2026 per BH's latest filing, from $101.6 million in the prior quarter.
• Across five years, Operating Expenses topped out at $101.6 million in Q1 2026 and bottomed at $70.6 million in Q3 2023.
• The 5-year median for Operating Expenses is $85.0 million (2025), against an average of $86.0 million.
• Across the five-year window, Operating Expenses dropped 14.45% in 2024 and surged 35.71% in 2025, its largest moves.
• Year by year, Operating Expenses 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.
• Per Business Quant, the three latest BH Operating Expenses figures stand at $101.6 million (Q1 2026), $101.6 million (Q4 2025), and $92.9 million (Q3 2025).