{"schema_version":"secwatch.filing_event.v1","accession":"0001726173-23-000038","form_type":"8-K","ticker":"BH-A","cik":"0001726173","company_name":"Biglari Holdings Inc.","filed_at":"2023-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.010012+00:00","generated_at":"2026-06-12T06:09:28.608850+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Biglari Holdings Q2 operating earnings down 18.5% to $10.0M; net income swings to $1.9M on investment gains","bullets":["Q2 pre-tax operating earnings $10.0M, down from $12.3M in Q2 2022 (-18.5%).","Net earnings attributable to shareholders: $1.9M in Q2 vs $(73.8M) loss a year ago, driven by investment gains.","First six months net earnings $66.8M vs $(74.1M) loss; investment gains of $69.1M drove the swing.","Company directs focus to operating earnings before investment gains, which it views as not meaningful due to volatility."],"urls":{"canonical":"https://secwatch.observer/filing/0001726173-23-000038","json":"https://secwatch.observer/filing/0001726173-23-000038.json","markdown":"https://secwatch.observer/filing/0001726173-23-000038.md","text":"https://secwatch.observer/filing/0001726173-23-000038.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1726173/000172617323000038/0001726173-23-000038-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1726173/000172617323000038/bh-20230804.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T06:09:28.608850+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":"9d626ace716ae05e2e7693d08d102b91c18fa085","claim":"Biglari Holdings Inc. reported second quarter and first six months ended June 30, 2023 results: net income $1,936.","evidence_excerpt":"Biglari Holdings Inc. announces its results for the second quarter and first six months of 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1726173/000172617323000038/0001726173-23-000038-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter and first six months ended June 30, 2023"},{"label":"Net income","value":"$1,936"},{"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"}