{"schema_version":"secwatch.filing_event.v1","accession":"0001726173-23-000031","form_type":"8-K","ticker":"BH-A","cik":"0001726173","company_name":"Biglari Holdings Inc.","filed_at":"2023-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.259162+00:00","generated_at":"2026-06-15T17:11:57.153894+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Biglari Holdings Q1 net earnings $64.9M vs $0.3M loss a year ago; operating earnings up 52%","bullets":["Pre-tax operating earnings of $9.0M in Q1 2023, up from $6.0M in Q1 2022.","Net earnings attributable to shareholders of $64.9M, compared to a $0.3M loss in the prior year quarter.","Investment gains of $76.2M in Q1 2023 versus a $6.4M loss in Q1 2022; company advises these fluctuations are not meaningful for operating analysis.","Biglari Holdings released its 10-Q and urges shareholders to review it for full details."],"urls":{"canonical":"https://secwatch.observer/filing/0001726173-23-000031","json":"https://secwatch.observer/filing/0001726173-23-000031.json","markdown":"https://secwatch.observer/filing/0001726173-23-000031.md","text":"https://secwatch.observer/filing/0001726173-23-000031.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1726173/000172617323000031/0001726173-23-000031-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1726173/000172617323000031/bh-20230505.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T17:11:57.153894+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7e508d52f7d9b10d9dfe5c4291fcfb47c9a7e245","claim":"Biglari Holdings Inc. reported the first quarter of 2023 results: net income Net earnings (loss) attributable to Biglari Holdings shareholders $ 64,886.","evidence_excerpt":"Biglari Holdings Inc. announces its results for the first quarter of 2023. Biglari Holdings Inc.’s earnings for the first quarter of 2023 and 2022 are summarized below.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1726173/000172617323000031/0001726173-23-000031-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of 2023"},{"label":"Net income","value":"Net earnings (loss) attributable to Biglari Holdings shareholders $ 64,886"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}