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AI brief of an SEC Form 8-K · Biglari Holdings Inc. (BH-A)

Biglari Holdings Q3 net earnings $1.0 million, up from a $5.3 million loss

Positive Impact 3 of 5 earnings

Biglari Holdings reported third-quarter 2026 net earnings of $1.0 million, compared with a net loss of $5.3 million a year earlier. Pre-tax operating earnings rose to $9.9 million from $6.9 million, though the company said its investment gains and losses also affect reported results.

Key points

  • Q3 2026 pre-tax operating earnings were $9,874 thousand, up from $6,854 thousand in Q3 2025.
  • Nine-month 2026 net earnings were $26,409 thousand, up from $12,365 thousand in the same period of 2025.
  • Nine-month 2026 pre-tax operating earnings were $12,007 thousand, down from $20,521 thousand a year earlier.
  • Steak n Shake same-store sales rose 18.2% in Q3 2026 for domestic company-operated and franchise-partner-operated restaurants.

The filing

CompanyBiglari Holdings Inc. (BH-A)
Form8-K, current report
Filed with the SECNov 6, 2026, 4:29 PM ET
Accession number0001628280-26-071734

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 7:05 AM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.