Recent 8-K filings for BH-A

• May 8, 2026, 7:59 PM ET earnings materiality 0.60 negative item 2.02item 9.01 ◈ Earnings Releases

  Biglari Holdings posts Q1 pre-tax operating loss of $4.1M vs profit of $10M year ago

  Pre-tax operating loss of $4.1M in Q1 2026 compared to profit of $10.0M in Q1 2025.

• March 2, 2026, 6:59 PM ET earnings materiality 0.70 negative item 2.02item 7.01item 9.01

  Biglari Holdings posts Q4 pre-tax operating loss; full-year earnings down 42%

  Q4 2025 pre-tax operating loss of $1.7M vs profit $3.9M in Q4 2024; net loss attributable to shareholders $49.9M.

• November 21, 2025, 6:59 PM ET other material materiality 0.60 positive item 7.01

  Biglari Holdings reports Steak 'n Shake same-store sales growth >15% in Q4 to date; book value $2,244.26/share

  Book value per Class A equivalent share $2,244.26 as of Sep 30, 2025 (Class B $448.85).

• November 7, 2025, 6:59 PM ET earnings materiality 0.70 negative item 2.02item 9.01

  Biglari Holdings reports Q3 net loss of $5.3M; operating earnings improve, Steak n Shake sales up 15%

  Q3 net loss of $5.3M vs net earnings of $32.1M a year ago, driven by $14.4M investment loss.

• October 6, 2025, 7:59 PM ET debt materiality 0.70 neutral item 1.01item 2.03 ◈ Debt Financings

  Biglari Holdings subsidiary Steak n Shake takes $225M loan at 8.80%, terminates $75M line

  Steak n Shake borrowed $225M on Sept 30, 2025; 5-year term, fixed rate 8.80%.

• October 1, 2025, 7:59 PM ET other material materiality 0.65 positive item 7.01

  Steak n Shake reports ~15% same-store sales growth for Q3 fiscal 2025

  Same-store sales rose ~15% for U.S. operations (company-operated and franchise-partner stores) in the third fiscal quarter.

• August 8, 2025, 7:59 PM ET earnings materiality 0.70 negative item 2.02item 9.01

  Biglari Holdings Q2 pre-tax operating earnings fall 81% to $3.7M; net profit of $50.9M vs loss

  Pre-tax operating earnings of $3.7M in Q2, down from $19.7M a year ago; H1 total $13.7M vs $25.4M.

• May 9, 2025, 7:59 PM ET earnings materiality 0.70 negative item 2.02item 9.01

  Biglari Holdings reports Q1 net loss of $33.3M on investment losses; operating earnings improve

  Pre-tax operating earnings rose to $9.99M from $5.70M in Q1 2024, up 75%.

• March 3, 2025, 6:59 PM ET earnings materiality 0.70 negative item 2.02item 7.01item 9.01

  Biglari Holdings reports Q4 net loss of $10.3M; full-year operating earnings fall 25%

  Q4 2024 pre-tax operating earnings $3.9M vs $3.8M in Q4 2023; full-year $32.6M down from $43.2M.

• November 8, 2024, 6:59 PM ET earnings materiality 0.70 negative item 2.02item 9.01

  Biglari Holdings Q3 operating earnings drop 84% to $3.3M; net earnings swing to positive

  Pre-tax operating earnings of $3.27M in Q3 2024 vs $20.30M in Q3 2023, down 84%.

• August 9, 2024, 7:59 PM ET earnings materiality 0.65 negative item 2.02item 9.01

  Biglari Holdings Q2 pre-tax operating earnings rise to $19.7M; net loss of $48.2M on investment losses

  Pre-tax operating earnings of $19.7M in Q2 2024 vs $10.0M in Q2 2023, up 96%.

• May 10, 2024, 7:59 PM ET earnings materiality 0.70 negative item 2.02item 9.01 ◈ Earnings Releases

  Biglari Holdings Q1 net earnings fall to $22.6M from $64.9M YoY; operating earnings drop to $5.7M

  Pre-tax operating earnings of $5.7M, down from $9.0M in Q1 2023.

Materiality & sentiment trend

Max materiality 0.70 · Median 0.70 · Most common event earnings

2 positive 9 negative 4 neutral

source · BH-A on sec.gov