8-K
filed April 3, 2026, 7:59 PM ET
ticker BTBD
CIK 0001718224
earnings
confidence high
sentiment positive
materiality 0.70
BT Brands reports 2025 results: Restaurant EBITDA up 138% to $1.7M, net loss narrows to $0.11 per share
BT Brands, Inc.
- Restaurant-level EBITDA rose 138% to $1.7M from $724K in 2024; EBITDA margin improved to 12.4% from 4.9%.
- Net loss improved to $(687,839) ($0.11 per share) from $(2.3M) ($0.37 per share) on $13.5M revenue (down 9% YoY).
- Operating loss improved ~80% to $(364,585); company ended year with $4.4M in cash and marketable securities.
- Advancing transformational merger with Aero Velocity, Inc. to reposition into AI/drone platform; restaurant assets to be distributed to pre-merger shareholders.
- Recorded a $216K charge to reduce NGI bottled water inventory to estimated net realizable value.
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earnings
Items 2.02, 9.01
same fact type: earnings_release
same SEC item: 2.02, 9.01
same event type: earnings
similar materiality
This filing
BT BRANDS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (52 Weeks Ended) 52 Weeks Ended, 52 Weeks Ended, December 28, 2025 December 29, 2024 SALES $ 13,486,629 $ 14,823,472 COSTS AND EXPENSES Food and paper costs 4,494,449 5,605,579 Labor costs 5,111,097 6,128,574 Occupancy costs 1,282,049 1,403,204 Other operating expenses 878,125 962,287 Depreciation and amortization 648,704 742,860 Impairment of restaurant and right-of-use assets 215,000 371,872 General and administrative 1,464,021 1,691,404 Gain on sale of assets (242,231 ) (250,000 ) Total costs and expenses 13,851,214 16,655,780 Loss from operations (364,585 ) (1,832,308 ) Unrealized gain (loss) on marketable securities 128,822 (93,458 ) Realized gain on marketable securities 380,764 143,340 Interest and dividend income 148,666 178,279 Interest expense (81,621 ) (99,608 ) Related party impairments and other charges (520,718 ) - Other income (74,728 ) 13,930 Equity in loss of unconsolidated affiliate (304,439 ) (415
Comparable filing
today announced financial results for the first quarter ended March 31, 2026, and full year 2026 financial guidance. First Quarter 2026 Financial Highlights ● Net revenue of $1,457.6 million, up 6.6% compared to $1,367.4 million in the first quarter of 2025 ● Net income of $106.3 million, up 179.7% compared to $38.0 million in the first quarter of 2025 ● Adjusted
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same fact type: earnings_release
same SEC item: 2.02, 9.01
same event type: earnings
similar materiality
This filing
BT BRANDS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (52 Weeks Ended) 52 Weeks Ended, 52 Weeks Ended, December 28, 2025 December 29, 2024 SALES $ 13,486,629 $ 14,823,472 COSTS AND EXPENSES Food and paper costs 4,494,449 5,605,579 Labor costs 5,111,097 6,128,574 Occupancy costs 1,282,049 1,403,204 Other operating expenses 878,125 962,287 Depreciation and amortization 648,704 742,860 Impairment of restaurant and right-of-use assets 215,000 371,872 General and administrative 1,464,021 1,691,404 Gain on sale of assets (242,231 ) (250,000 ) Total costs and expenses 13,851,214 16,655,780 Loss from operations (364,585 ) (1,832,308 ) Unrealized gain (loss) on marketable securities 128,822 (93,458 ) Realized gain on marketable securities 380,764 143,340 Interest and dividend income 148,666 178,279 Interest expense (81,621 ) (99,608 ) Related party impairments and other charges (520,718 ) - Other income (74,728 ) 13,930 Equity in loss of unconsolidated affiliate (304,439 ) (415
Comparable filing
Exchange Act, unless such subsequent filing specifically references this Form 8-K.
--- EX-99.1 (EX-99.1) ---
To Our Shareholders, The Company’s first quarter 2026 revenue of $435.8 million increased slightly from the record first quarter 2025 revenue by $1.0 million, or 0.2%. This growth was driven by consistent demand in the Utility segment, where revenue
Filing page
SEC filing
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Dixie Group Q1 2026 net income $1.4M vs loss of $1.6M YoY; sales down 5.7%
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May 11, 2026, 7:59 PM ET
earnings
Items 2.02, 9.01
same fact type: earnings_release
same SEC item: 2.02, 9.01
same event type: earnings
similar materiality
This filing
BT BRANDS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (52 Weeks Ended) 52 Weeks Ended, 52 Weeks Ended, December 28, 2025 December 29, 2024 SALES $ 13,486,629 $ 14,823,472 COSTS AND EXPENSES Food and paper costs 4,494,449 5,605,579 Labor costs 5,111,097 6,128,574 Occupancy costs 1,282,049 1,403,204 Other operating expenses 878,125 962,287 Depreciation and amortization 648,704 742,860 Impairment of restaurant and right-of-use assets 215,000 371,872 General and administrative 1,464,021 1,691,404 Gain on sale of assets (242,231 ) (250,000 ) Total costs and expenses 13,851,214 16,655,780 Loss from operations (364,585 ) (1,832,308 ) Unrealized gain (loss) on marketable securities 128,822 (93,458 ) Realized gain on marketable securities 380,764 143,340 Interest and dividend income 148,666 178,279 Interest expense (81,621 ) (99,608 ) Related party impairments and other charges (520,718 ) - Other income (74,728 ) 13,930 Equity in loss of unconsolidated affiliate (304,439 ) (415
Comparable filing
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Filing page
SEC filing
SNDA
Sonida Senior Living reports Q1 net loss of $41.2M; revenue up 37% on CHP acquisition
SONIDA SENIOR LIVING, INC.
May 11, 2026, 7:59 PM ET
earnings
Items 2.02, 8.01, 9.01
same fact type: earnings_release
same SEC item: 2.02, 9.01
same event type: earnings
similar materiality
This filing
BT BRANDS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (52 Weeks Ended) 52 Weeks Ended, 52 Weeks Ended, December 28, 2025 December 29, 2024 SALES $ 13,486,629 $ 14,823,472 COSTS AND EXPENSES Food and paper costs 4,494,449 5,605,579 Labor costs 5,111,097 6,128,574 Occupancy costs 1,282,049 1,403,204 Other operating expenses 878,125 962,287 Depreciation and amortization 648,704 742,860 Impairment of restaurant and right-of-use assets 215,000 371,872 General and administrative 1,464,021 1,691,404 Gain on sale of assets (242,231 ) (250,000 ) Total costs and expenses 13,851,214 16,655,780 Loss from operations (364,585 ) (1,832,308 ) Unrealized gain (loss) on marketable securities 128,822 (93,458 ) Realized gain on marketable securities 380,764 143,340 Interest and dividend income 148,666 178,279 Interest expense (81,621 ) (99,608 ) Related party impairments and other charges (520,718 ) - Other income (74,728 ) 13,930 Equity in loss of unconsolidated affiliate (304,439 ) (415
Comparable filing
Sonida Senior Living Announces First Quarter 2026 Results DALLAS, Texas – May 11, 2026 – Sonida Senior Living, Inc. (the “Company,” “Sonida,” “we,” “our,” or “us”) (NYSE: SNDA), a leading owner, operator and investor of senior housing communities, today announced its results for the first quarter ended March 31, 2026.
Filing page
SEC filing
URG
Ur-Energy Q1 2026: pounds captured up 41% QoQ, avg price $70.98, Shirley Basin commenced
UR-ENERGY INC
May 11, 2026, 7:59 PM ET
earnings
Items 2.02, 9.01
same fact type: earnings_release
same SEC item: 2.02, 9.01
same event type: earnings
similar materiality
This filing
BT BRANDS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (52 Weeks Ended) 52 Weeks Ended, 52 Weeks Ended, December 28, 2025 December 29, 2024 SALES $ 13,486,629 $ 14,823,472 COSTS AND EXPENSES Food and paper costs 4,494,449 5,605,579 Labor costs 5,111,097 6,128,574 Occupancy costs 1,282,049 1,403,204 Other operating expenses 878,125 962,287 Depreciation and amortization 648,704 742,860 Impairment of restaurant and right-of-use assets 215,000 371,872 General and administrative 1,464,021 1,691,404 Gain on sale of assets (242,231 ) (250,000 ) Total costs and expenses 13,851,214 16,655,780 Loss from operations (364,585 ) (1,832,308 ) Unrealized gain (loss) on marketable securities 128,822 (93,458 ) Realized gain on marketable securities 380,764 143,340 Interest and dividend income 148,666 178,279 Interest expense (81,621 ) (99,608 ) Related party impairments and other charges (520,718 ) - Other income (74,728 ) 13,930 Equity in loss of unconsolidated affiliate (304,439 ) (415
Comparable filing
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Filing page
SEC filing
EXPI
eXp World Holdings Q1 revenue $1.0B (+5% YoY), net loss narrows to $(5.1M), Adj. EBITDA $4.1M (+88%)
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May 11, 2026, 7:59 PM ET
earnings
Items 2.02, 7.01, 9.01
same fact type: earnings_release
same SEC item: 2.02, 9.01
same event type: earnings
similar materiality
This filing
BT BRANDS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (52 Weeks Ended) 52 Weeks Ended, 52 Weeks Ended, December 28, 2025 December 29, 2024 SALES $ 13,486,629 $ 14,823,472 COSTS AND EXPENSES Food and paper costs 4,494,449 5,605,579 Labor costs 5,111,097 6,128,574 Occupancy costs 1,282,049 1,403,204 Other operating expenses 878,125 962,287 Depreciation and amortization 648,704 742,860 Impairment of restaurant and right-of-use assets 215,000 371,872 General and administrative 1,464,021 1,691,404 Gain on sale of assets (242,231 ) (250,000 ) Total costs and expenses 13,851,214 16,655,780 Loss from operations (364,585 ) (1,832,308 ) Unrealized gain (loss) on marketable securities 128,822 (93,458 ) Realized gain on marketable securities 380,764 143,340 Interest and dividend income 148,666 178,279 Interest expense (81,621 ) (99,608 ) Related party impairments and other charges (520,718 ) - Other income (74,728 ) 13,930 Equity in loss of unconsolidated affiliate (304,439 ) (415
Comparable filing
the company's scale and our focus on operational efficiency across eXp World Holdings,” said Jesse Hill, Chief Financial Officer of eXp World Holdings. “We generated revenue of $1.0 billion and Adjusted EBITDA of $4.1 million, an 88% improvement that further strengthened our financial position. More recently, we executed the strategic NextHome acquisition using cash
Filing page
SEC filing
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Atlanta Braves Holdings, Inc.
May 11, 2026, 7:59 PM ET
earnings
Items 2.02, 9.01
same fact type: earnings_release
same SEC item: 2.02, 9.01
same event type: earnings
similar materiality
This filing
BT BRANDS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (52 Weeks Ended) 52 Weeks Ended, 52 Weeks Ended, December 28, 2025 December 29, 2024 SALES $ 13,486,629 $ 14,823,472 COSTS AND EXPENSES Food and paper costs 4,494,449 5,605,579 Labor costs 5,111,097 6,128,574 Occupancy costs 1,282,049 1,403,204 Other operating expenses 878,125 962,287 Depreciation and amortization 648,704 742,860 Impairment of restaurant and right-of-use assets 215,000 371,872 General and administrative 1,464,021 1,691,404 Gain on sale of assets (242,231 ) (250,000 ) Total costs and expenses 13,851,214 16,655,780 Loss from operations (364,585 ) (1,832,308 ) Unrealized gain (loss) on marketable securities 128,822 (93,458 ) Realized gain on marketable securities 380,764 143,340 Interest and dividend income 148,666 178,279 Interest expense (81,621 ) (99,608 ) Related party impairments and other charges (520,718 ) - Other income (74,728 ) 13,930 Equity in loss of unconsolidated affiliate (304,439 ) (415
Comparable filing
Total revenue grew to $72 million in the first quarter of 2026, up 53% from the prior year period.
Filing page
SEC filing
SBH
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Sally Beauty Holdings, Inc.
May 11, 2026, 7:59 PM ET
earnings
Items 2.02, 7.01, 9.01
same fact type: earnings_release
same SEC item: 2.02, 9.01
same event type: earnings
similar materiality
This filing
BT BRANDS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (52 Weeks Ended) 52 Weeks Ended, 52 Weeks Ended, December 28, 2025 December 29, 2024 SALES $ 13,486,629 $ 14,823,472 COSTS AND EXPENSES Food and paper costs 4,494,449 5,605,579 Labor costs 5,111,097 6,128,574 Occupancy costs 1,282,049 1,403,204 Other operating expenses 878,125 962,287 Depreciation and amortization 648,704 742,860 Impairment of restaurant and right-of-use assets 215,000 371,872 General and administrative 1,464,021 1,691,404 Gain on sale of assets (242,231 ) (250,000 ) Total costs and expenses 13,851,214 16,655,780 Loss from operations (364,585 ) (1,832,308 ) Unrealized gain (loss) on marketable securities 128,822 (93,458 ) Realized gain on marketable securities 380,764 143,340 Interest and dividend income 148,666 178,279 Interest expense (81,621 ) (99,608 ) Related party impairments and other charges (520,718 ) - Other income (74,728 ) 13,930 Equity in loss of unconsolidated affiliate (304,439 ) (415
Comparable filing
Consolidated net sales of $903 million, an increase of 2.3% compared to the prior year; • Consolidated comparable sales growth of 1.3%; • Global e-commerce sales increased 13% to $108 million, representing 12% of net sales; • GAAP gross margin expansion of 70 basis points to 52.7%; • Adjusted Gross Margin expansion of 80 basis points to 52.8%; • GAAP selling, general and administrative expenses of $404 million, an increase of $14 million compared to the prior year; • Adjusted Selling, General and Administrative Expenses of $404 million, an increase of $20 million compared to the prior year; • GAAP operating earnings of $72 million and GAAP operating margin of 8.0%; • Adjusted Operating Earnings of $73 million and Adjusted Operating Margin of 8.1%; • GAAP diluted net earnings per share of $0.43, an increase of 13% compared to the prior year;
Filing page
SEC filing
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