What is Birks Group's earnings per share (EPS)?

Birks Group (BGI) reported diluted earnings per share of $-0.66 for fiscal year 2025. This represents a -175.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Birks Group Financials

BGI

Source SEC Filings (10-K/10-Q) Updated Mar 29, 2025 Currency USD FYE March

This page shows Birks Group (BGI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BGI FY2025 2026-04-22

Inventory-heavy operations are absorbing cash faster than sales replenish it, keeping the business dependent on outside funding.

FY2025 exposed the working-capital squeeze: inventory rose to $116.3M even as revenue slipped to $177.8M, so slower sales did not release cash from stock on hand. That helps explain why operating cash flow stayed negative at -$1.9M and the company still needed $9.2M of financing inflow to fund the year.

Profit pressure is coming from the gross-margin line, not just overhead. Gross margin fell to 37.3% from 39.7%, showing each sales dollar carried less gross profit before fixed costs were paid. Cost cutting softened the hit but could not absorb it: SG&A dropped to $59.5M, yet operating income still moved to -$5.5M.

Liquidity is tighter than the debt balance alone suggests. Cash ended FY2025 at just $1.5M and the current ratio was 0.8x, leaving little cushion in a business that already holds $116.3M of inventory. With negative equity at -$18.0M but long-term debt of only $21.4M, the strain looks more like reliance on short-term obligations than on a single large term-loan burden.

Financial Health Signals

Financial Profile 18/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Birks Group's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Birks Group has an operating margin of -3.1%, meaning the company retains $-3 of operating profit per $100 of revenue. This below-average margin results in a low score of 18/100, suggesting thin profitability after operating expenses. This is down from 0.7% the prior year.

Growth

Birks Group's revenue declined 4% year-over-year, from $185.3M to $177.8M. This contraction results in a growth score of 41/100.

Leverage

Birks Group has elevated debt relative to equity (D/E of -1.19), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 28/100, reflecting increased financial risk.

Liquidity

Birks Group's current ratio of 0.85 is below the typical benchmark, resulting in a score of 12/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

While Birks Group generated -$1.9M in operating cash flow, capex of $7.0M consumed most of it, leaving -$8.9M in free cash flow. This results in a low score of 11/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

2/9

Birks Group passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.15x

For every $1 of reported earnings, Birks Group generates $0.15 in operating cash flow (-$1.9M OCF vs -$12.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$177.8M

YoY-4.0%

5Y CAGR+1.0%

10Y CAGR-5.1%

Birks Group generated $177.8M in revenue in fiscal year 2025. This represents a decrease of 4.0% from the prior year.

EBITDA

$2.2M

YoY-72.0%

10Y CAGR-15.1%

Birks Group's EBITDA was $2.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 72.0% from the prior year.

Net Income

-$12.8M

YoY-176.8%

Birks Group reported -$12.8M in net income in fiscal year 2025. This represents a decrease of 176.8% from the prior year.

EPS (Diluted)

$-0.66

YoY-175.0%

Birks Group earned $-0.66 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 175.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$8.9M

YoY-38.2%

Birks Group generated -$8.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 38.2% from the prior year.

Cash & Debt

$1.5M

YoY-15.4%

5Y CAGR+21.7%

10Y CAGR-4.4%

Birks Group held $1.5M in cash against $21.4M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

20M

YoY+2.2%

5Y CAGR+1.7%

10Y CAGR+0.9%

Birks Group had 20M shares outstanding in fiscal year 2025. This represents an increase of 2.2% from the prior year.

Margins & Returns

Gross Margin

37.3%

YoY-2.4pp

5Y CAGR-0.8pp

10Y CAGR-1.8pp

Birks Group's gross margin was 37.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.4 percentage points from the prior year.

Operating Margin

-3.1%

YoY-3.8pp

5Y CAGR+0.8pp

10Y CAGR-4.9pp

Birks Group's operating margin was -3.1% in fiscal year 2025, reflecting core business profitability. This is down 3.8 percentage points from the prior year.

Net Margin

-7.2%

YoY-4.7pp

5Y CAGR+0.3pp

10Y CAGR-4.3pp

Birks Group's net profit margin was -7.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.7 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$7.0M

YoY+11.5%

5Y CAGR+3.7%

10Y CAGR+1.1%

Birks Group invested $7.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 11.5% from the prior year.

BGI Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$177.8M-4.0%	$185.3M+13.7%	$162.9M-10.1%	$181.3M+26.8%	$143.1M-15.6%	$169.4M
Cost of Revenue	$111.5M-0.2%	$111.7M+17.6%	$95.0M-9.6%	$105.1M+21.2%	$86.7M-17.4%	$104.9M
Gross Profit	$66.3M-9.9%	$73.6M+8.2%	$68.0M-10.8%	$76.2M+35.3%	$56.4M-12.6%	$64.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$59.5M-9.4%	$65.7M-0.6%	$66.1M+0.2%	$65.9M+22.8%	$53.7M-18.5%	$65.9M
Operating Income	-$5.5M-557.1%	$1.2M+131.8%	-$3.8M-185.2%	$4.5M+258.4%	-$2.8M+56.9%	-$6.5M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	-$12.8M-176.8%	-$4.6M+37.7%	-$7.4M-677.5%	$1.3M+122.0%	-$5.8M+54.3%	-$12.8M
EPS (Diluted)	$-0.66-175.0%	$-0.24+40.0%	$-0.40-671.4%	$0.07+121.9%	$-0.32+54.9%	$-0.71

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BGI Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$196.1M-3.5%	$203.3M+3.2%	$197.0M+7.5%	$183.3M-9.1%	$201.7M-4.3%	$210.7M
Current Assets	$126.5M+12.7%	$112.2M+8.2%	$103.7M+14.2%	$90.8M-16.7%	$108.9M-1.4%	$110.5M
Cash & Equivalents	$1.5M-15.4%	$1.8M+41.3%	$1.3M-37.3%	$2.0M+11.4%	$1.8M+219.8%	$565K
Inventory	$116.3M+17.4%	$99.1M+12.1%	$88.4M+12.0%	$78.9M-19.3%	$97.8M-4.0%	$101.9M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$214.1M+2.7%	$208.4M+5.5%	$197.6M+11.4%	$177.4M-12.7%	$203.1M-2.0%	$207.2M
Current Liabilities	$149.6M+21.3%	$123.3M+10.0%	$112.1M+26.1%	$88.9M-20.5%	$111.8M-4.2%	$116.8M
Long-Term Debt	$21.4M-5.4%	$22.6M+1.8%	$22.2M+3.8%	$21.4M-7.3%	$23.1M+42.2%	$16.2M
Total Equity	-$18.0M-249.8%	-$5.1M-753.9%	-$603K-110.3%	$5.9M+512.4%	-$1.4M-141.7%	$3.4M
Retained Earnings	-$138.3M-10.2%	-$125.5M-3.8%	-$120.8M-6.6%	-$113.4M+1.1%	-$114.7M-5.4%	-$108.9M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Total Assets	$196.1M-3.5%	$203.3M+3.2%	$197.0M+7.5%	$183.3M-9.1%	$201.7M-4.3%	$210.7M+57.4%	$133.8M+11.2%	$120.3M
Current Assets	$126.5M+12.7%	$112.2M+8.2%	$103.7M+14.2%	$90.8M-16.7%	$108.9M-1.4%	$110.5M+12.3%	$98.4M+1.9%	$96.6M
Cash & Equivalents	$1.5M-15.4%	$1.8M+41.3%	$1.3M-37.3%	$2.0M+11.4%	$1.8M+219.8%	$565K-52.1%	$1.2M+17.3%	$1.0M
Inventory	$116.3M+17.4%	$99.1M+12.1%	$88.4M+12.0%	$78.9M-19.3%	$97.8M-4.0%	$101.9M+11.3%	$91.5M+7.9%	$84.8M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$214.1M+2.7%	$208.4M+5.5%	$197.6M+11.4%	$177.4M-12.7%	$203.1M-2.0%	$207.2M+72.7%	$120.0M+36.7%	$87.8M
Current Liabilities	$149.6M+21.3%	$123.3M+10.0%	$112.1M+26.1%	$88.9M-20.5%	$111.8M-4.2%	$116.8M+28.4%	$90.9M+22.6%	$74.2M
Long-Term Debt	$21.4M-5.4%	$22.6M+1.8%	$22.2M+3.8%	$21.4M-7.3%	$23.1M+42.2%	$16.2M+0.7%	$16.1M+233.0%	$4.8M
Total Equity	-$18.0M-249.8%	-$5.1M-753.9%	-$603K-110.3%	$5.9M+512.4%	-$1.4M-141.7%	$3.4M-75.3%	$13.8M-57.6%	$32.5M
Retained Earnings	-$138.3M-10.2%	-$125.5M-3.8%	-$120.8M-6.6%	-$113.4M+1.1%	-$114.7M-5.4%	-$108.9M-10.6%	-$98.5M-23.4%	-$79.8M

BGI Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$1.9M-1024.7%	-$170K+97.5%	-$6.9M-137.1%	$18.6M+1182.3%	-$1.7M+54.4%	-$3.8M
Capital Expenditures	$7.0M+11.5%	$6.3M-25.0%	$8.4M+81.7%	$4.6M+55.0%	$3.0M-49.0%	$5.8M
Free Cash Flow	-$8.9M-38.2%	-$6.5M+57.8%	-$15.3M-209.0%	$14.0M+398.7%	-$4.7M+51.1%	-$9.6M
Investing Cash Flow	-$7.5M-4.3%	-$7.2M+23.1%	-$9.4M-62.0%	-$5.8M-94.2%	-$3.0M+53.5%	-$6.4M
Financing Cash Flow	$9.2M+15.9%	$7.9M-49.2%	$15.6M+223.4%	-$12.6M-312.0%	$6.0M-37.9%	$9.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BGI Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	37.3%-2.4pp	39.7%-2.0pp	41.7%-0.3pp	42.0%+2.6pp	39.4%+1.3pp	38.1%
Operating Margin	-3.1%-3.8pp	0.7%+3.0pp	-2.3%-4.8pp	2.5%+4.4pp	-2.0%+1.9pp	-3.9%
Net Margin	-7.2%-4.7pp	-2.5%+2.1pp	-4.6%-5.3pp	0.7%+4.8pp	-4.1%+3.5pp	-7.5%
Return on Equity	N/A	N/A	N/A	21.9%	N/A	-374.8%
Return on Assets	-6.5%-4.3pp	-2.3%+1.5pp	-3.8%-4.5pp	0.7%+3.6pp	-2.9%+3.2pp	-6.1%
Current Ratio	0.85-0.1	0.91-0.0	0.93-0.1	1.02+0.0	0.97+0.0	0.95
Debt-to-Equity	-1.19+3.2	-4.39+32.4	-36.78-40.4	3.64+19.9	-16.22-21.0	4.76
FCF Margin	-5.0%-1.5pp	-3.5%+5.9pp	-9.4%-17.1pp	7.7%+11.0pp	-3.3%+2.4pp	-5.7%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.85-0.1	0.91-0.0	0.93-0.1	1.02+0.0	0.97+0.0	0.95-0.1	1.08-0.2	1.30
Debt-to-Equity	-1.19+3.2	-4.39+32.4	-36.78-40.4	3.64+19.9	-16.22-21.0	4.76+3.6	1.17+1.0	0.15
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$18.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.85), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Birks Group's annual revenue?

Birks Group (BGI) reported $177.8M in total revenue for fiscal year 2025. This represents a -4.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Birks Group's revenue growing?

Birks Group (BGI) revenue declined by 4% year-over-year, from $185.3M to $177.8M in fiscal year 2025.

Is Birks Group profitable?

No, Birks Group (BGI) reported a net income of -$12.8M in fiscal year 2025, with a net profit margin of -7.2%.

What is Birks Group's EBITDA?

Birks Group (BGI) had EBITDA of $2.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Birks Group have?

As of fiscal year 2025, Birks Group (BGI) had $1.5M in cash and equivalents against $21.4M in long-term debt.

What is Birks Group's gross margin?

Birks Group (BGI) had a gross margin of 37.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Birks Group's operating margin?

Birks Group (BGI) had an operating margin of -3.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Birks Group's net profit margin?

Birks Group (BGI) had a net profit margin of -7.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Birks Group's free cash flow?

Birks Group (BGI) generated -$8.9M in free cash flow during fiscal year 2025. This represents a -38.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Birks Group's operating cash flow?

Birks Group (BGI) generated -$1.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Birks Group's total assets?

Birks Group (BGI) had $196.1M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Birks Group's capital expenditures?

Birks Group (BGI) invested $7.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Birks Group have outstanding?

Birks Group (BGI) had 20M shares outstanding as of fiscal year 2025.

What is Birks Group's current ratio?

Birks Group (BGI) had a current ratio of 0.85 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Birks Group's debt-to-equity ratio?

Birks Group (BGI) had a debt-to-equity ratio of -1.19 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Birks Group's return on assets (ROA)?

Birks Group (BGI) had a return on assets of -6.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Birks Group's cash runway?

Based on fiscal year 2025 data, Birks Group (BGI) had $1.5M in cash against an annual operating cash burn of $1.9M. This gives an estimated cash runway of approximately 9 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Birks Group's debt-to-equity ratio negative or unusual?

Birks Group (BGI) has negative shareholder equity of -$18.0M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Birks Group's Piotroski F-Score?

Birks Group (BGI) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Birks Group's earnings high quality?

Birks Group (BGI) has an earnings quality ratio of 0.15x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Birks Group?

Birks Group (BGI) scores 18 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.