Biglari Holdings Inc.
For the period ended Jun 30, 2026. Filed Aug 7, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 7, 2026
BH$322.43-2.7%Stored close · as of Nov 6, 2026
Contents
Table of Contents
INDEX
| Page No. | ||
|---|---|---|
| Part I – Financial Information | ||
| Item 1. | Financial Statements | 1 |
| Consolidated Balance Sheets — June 30, 2026 and December 31, 2025 | 1 | |
| Consolidated Statements of Earnings — Second Quarter and First Six Months 2026 and 2025 | 2 | |
| Consolidated Statements of Comprehensive Income — Second Quarter and First Six Months 2026 and 2025 | 3 | |
| Consolidated Statements of Cash Flows — First Six Months 2026 and 2025 | 4 | |
| Consolidated Statements of Changes in Shareholders’ Equity — Second Quarter and First Six Months 2026 and 2025 | 5 | |
| Notes to Consolidated Financial Statements | 6 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 24 |
| Item 3. | Quantitative and Qualitative Disclosures about Market Risk | 35 |
| Item 4. | Controls and Procedures | 35 |
| Part II – Other Information | ||
| Item 1. | Legal Proceedings | 35 |
| Item 1A. | Risk Factors | 36 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 36 |
| Item 3. | Defaults Upon Senior Securities | 36 |
| Item 4. | Mine Safety Disclosures | 36 |
| Item 5. | Other Information | 36 |
| Item 6. | Exhibits | 36 |
| Signatures | 37 | |
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