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Biglari Holdings Inc.

For the period ended Mar 31, 2025. Filed May 9, 2025.

View on SEC.gov

About 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.

Mar 31, 2025 · Filed May 9, 2025

BH$373.55+15.9%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Table of Contents

INDEX

Page No.
Part I – Financial Information
Item 1.Financial Statements1
Consolidated Balance Sheets — March 31, 2025 and December 31, 20241
Consolidated Statements of Earnings — First Quarter 2025 and 20242
Consolidated Statements of Comprehensive Income — First Quarter 2025 and 20243
Consolidated Statements of Changes in Shareholders’ Equity — First Quarter 2025 and 20243
Consolidated Statements of Cash Flows — First Quarter 2025 and 20244
Notes to Consolidated Financial Statements5
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations20
Item 3.Quantitative and Qualitative Disclosures about Market Risk30
Item 4.Controls and Procedures30
Part II – Other Information
Item 1.Legal Proceedings31
Item 1A.Risk Factors31
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds31
Item 3.Defaults Upon Senior Securities31
Item 4.Mine Safety Disclosures31
Item 5.Other Information31
Item 6.Exhibits31
Signatures32
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.