BT Brands, Inc. (BTBD) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 17, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BTBD SEC filings page.
BT Brands, Inc. (BTBD) reported $12.9M in revenue over the twelve months to Jun 28, 2026, down 11.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).
BT Brands’ dominant mechanic is a partial cash-flow turnaround inside a shrinking, still loss-making asset base.
In FY2025, operating cash flow returned to$285K and free cash flow to$112K , a cash-conversion improvement that contrasts with the still-negative operating result. The shift coincided with net loss narrowing to-$688K as capital spending fell to$173K , so cash improvement was helped by lower reinvestment rather than profitability alone.
The business remains structurally smaller on the balance sheet: total assets fell to
Operating margin improved from
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of BT Brands, Inc.'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.
BT Brands, Inc. held $4.4M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations generated $285K of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and BT Brands, Inc. scores 85/100 among other emerging companies.
Not available for BT Brands, Inc., and counted as zero in the overall score.
Not available for BT Brands, Inc., and counted as zero in the overall score.
BT Brands, Inc. reported revenue of $13.5M in fiscal year 2025, against $14.8M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and BT Brands, Inc. scores 41/100 among other emerging companies.
BT Brands, Inc.'s operations generated $285K of cash in fiscal year 2025, against $714K used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and BT Brands, Inc. scores 95/100 among other emerging companies.
BT Brands, Inc.'s cash, cash equivalents and investments came to $4.4M at the end of fiscal year 2025, against $4.3M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and BT Brands, Inc. scores 59/100 among other emerging companies.
BT Brands, Inc. scores 2.54, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($11.0M) relative to total liabilities ($4.3M). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
BT Brands, Inc. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
BT Brands, Inc. reported a net loss of $688K while generating $285K in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
BT Brands, Inc. reported an operating loss of $365K against $82K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
BT Brands, Inc. generated $3.6M in revenue in Q2 2026. This represents a decrease of 6.1% from the same quarter a year earlier. Against the prior quarter it is up 24.9%.
BT Brands, Inc.'s EBITDA was $269K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 286.2% from the same quarter a year earlier. Against the prior quarter it is up 430.9%.
BT Brands, Inc. reported $576K in net income in Q2 2026. This represents an increase of 947.5% from the same quarter a year earlier. Against the prior quarter it is up 176.8%.
BT Brands, Inc. earned $0.09 per diluted share (EPS) in Q2 2026. This represents an increase of 800.0% from the same quarter a year earlier. Against the prior quarter it is up 175.0%.
Cash & Balance Sheet
BT Brands, Inc. generated $162K in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 57.8% from the same quarter a year earlier. Against the prior quarter it is up 217.8%.
BT Brands, Inc. held $1.6M in cash against $1.8M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
BT Brands, Inc.'s operating margin was 3.3% in Q2 2026, reflecting core business profitability. This is up 5.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.5 percentage points.
BT Brands, Inc.'s net profit margin was 16.2% in Q2 2026, showing the share of revenue converted to profit. This is up 14.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 42.6 percentage points.
BT Brands, Inc.'s ROE was 9.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 8.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 22.3 percentage points.
Not reported for Q2 2026.
Capital Allocation
BT Brands, Inc. invested $53K in capex in Q2 2026, funding long-term assets and infrastructure. Against the prior quarter it is up 31.8%.
Not reported for Q2 2026.
Not reported for Q2 2026.
BTBD Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.6M-6.1% | $2.8M-12.0% | $2.6M-17.4% | $3.9M-11.4% | $3.8M-8.1% | $3.2M+1.3% | $3.2M-20.8% | $4.3M+8.7% |
| SG&A Expenses | $334K-37.2% | $349K-22.6% | $304K-25.3% | $178K-52.5% | $531K+16.8% | $451K-0.8% | $407K+18.5% | $375K-27.7% |
| Operating Income | $117K+256.0% | -$233K+20.3% | -$732K+21.9% | $735K+1079.9% | -$75K+60.2% | -$292K+53.7% | -$938K-2409.3% | -$75K+5.7% |
| EBITDA | $269K+286.2% | -$81K+40.2% | -$536K+19.9% | $886K+1232.1% | $70K+504.9% | -$136K+71.1% | -$668K-530.2% | $67K-41.1% |
| Interest Expense | $19K-2.6% | $21K-0.5% | $24K-10.7% | $16K-27.3% | $20K-13.3% | $22K-21.6% | $27K+12.8% | $23K-7.5% |
| Income Tax | $0 | $0 | $0-100.0% | $0+100.0% | $0-100.0% | $0+100.0% | $325K | -$14K+73.1% |
| Net Income | $576K+947.5% | -$751K-127.7% | -$1.3M+15.7% | $915K+516.9% | $55K+178.7% | -$330K+26.0% | -$1.6M-45111.6% | -$219K+6.1% |
| EPS (Basic) | $0.09+800.0% | N/A | N/A | $0.15+475.0% | $0.01 | N/A | N/A | -$0.04 |
| EPS (Diluted) | $0.09+800.0% | -$0.12-140.0% | -$0.21 | $0.15+475.0% | $0.01 | -$0.05 | N/A | -$0.04 |
| Diluted Shares (Avg) | N/A | 6M0.0% | N/A | 6M-0.4% | N/A | 6M | N/A | 6M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
BTBD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.5M-6.5% | $10.0M-9.3% | $10.7M-10.4% | $11.9M-12.7% | $11.2M-20.1% | $11.0M-21.4% | $12.0M-19.5% | $13.7M-9.7% |
| Current Assets | $5.8M+3.6% | $5.2M+17.5% | $5.9M+18.0% | $6.6M+15.7% | $5.6M-6.1% | $4.5M-33.5% | $5.0M-33.0% | $5.7M-23.4% |
| Cash & Equivalents | $1.6M+184.4% | $1.0M-5.2% | $846K-56.6% | $1.3M-58.6% | $560K-85.0% | $1.1M-77.1% | $2.0M-64.8% | $3.1M-45.9% |
| Short-Term Investments | $2.8M-4.6% | $2.6M-4.3% | $3.6M+55.0% | $3.5M+75.7% | $3.0M+98.6% | $2.7M+88.5% | $2.3M+69.7% | $2.0M+59.7% |
| Inventory | $230K-57.3% | $218K-8.5% | $230K-15.5% | $564K+94.9% | $539K+79.7% | $238K+5.3% | $273K+41.3% | $289K+51.2% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $796K0.0% | $796K0.0% | $796K0.0% | $796K0.0% | $796K0.0% | $796K+18.6% | $796K+18.6% | $796K+18.6% |
| Total Liabilities | $4.1M-6.7% | $4.3M-1.0% | $4.3M-14.0% | $4.2M-18.6% | $4.4M-16.7% | $4.3M-16.7% | $5.0M-4.5% | $5.2M-6.7% |
| Current Liabilities | $1.3M+8.0% | $1.3M+31.6% | $1.2M-15.6% | $975K-33.1% | $1.2M-20.3% | $968K-31.6% | $1.4M+12.1% | $1.5M-5.5% |
| Non-Current Liabilities | $2.9M-12.1% | $3.0M-10.3% | $3.1M-13.4% | $3.2M-12.9% | $3.2M-15.4% | $3.4M-11.1% | $3.6M-9.9% | $3.7M-7.1% |
| Long-Term Debt | $1.8M-9.8% | $1.8M-10.8% | $1.9M-9.2% | $1.9M-10.3% | $2.0M-9.5% | $2.1M-7.3% | $2.1M-10.3% | $2.2M-9.4% |
| Total Equity | $6.3M-6.4% | $5.7M-14.7% | $6.4M-7.9% | $7.7M-9.2% | $6.8M-22.1% | $6.7M-24.2% | $7.0M-27.8% | $8.5M-11.4% |
| Retained Earnings | -$5.2M-12.7% | -$5.8M-23.6% | -$5.0M-15.8% | -$3.7M-33.6% | -$4.6M-80.7% | -$4.7M-88.0% | -$4.4M-182.9% | -$2.8M-81.1% |
Not reported in any period shown, so not listed: Accounts Receivable.
BTBD Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $215K-44.0% | -$98K+68.2% | -$118K+77.2% | $325K+151.6% | $384K | -$307K+25.0% | -$516K-1495.1% | $129K |
| Depreciation & Amortization | $152K+4.7% | $152K-3.1% | $197K-27.0% | $151K+6.7% | $145K-15.5% | $156K-2.6% | $269K+134.8% | $142K-26.5% |
| Stock-Based Compensation | $43K-31.3% | $16K-47.2% | N/A | N/A | $63K | $31K-42.6% | N/A | N/A |
| Capital Expenditures | $53K | $40K-67.7% | -$15K-94.6% | $63K-19.6% | $0 | $124K+10.6% | $274K+184.0% | $79K |
| Free Cash Flow | $162K-57.8% | -$138K+68.0% | -$133K+83.2% | $262K+419.0% | $384K | -$431K+17.3% | -$790K-1229.3% | $50K |
| Investing Cash Flow | $374K+144.2% | $324K+161.3% | -$129K+74.9% | $444K+162.3% | -$847K | -$528K-746.8% | -$516K-241.8% | -$712K |
| Financing Cash Flow | -$12K+75.2% | -$57K-22.0% | -$184K-81.5% | -$51K+23.1% | -$47K | -$47K+70.9% | -$102K-130.6% | -$67K |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | $29K | $38K |
Not reported in any period shown, so not listed: Dividends Paid.
BTBD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 3.3%+5.3pp | -8.2%+0.8pp | -27.9%+1.6pp | 19.1%+20.8pp | -2.0%+2.6pp | -9.0%+10.7pp | -29.5%-30.6pp | -1.7%+0.3pp |
| Net Margin | 16.2%+14.8pp | -26.4%-16.2pp | -50.6%-1.0pp | 23.7%+28.8pp | 1.5%+3.2pp | -10.2%+3.8pp | -49.7%-49.6pp | -5.1%+0.8pp |
| Return on Equity | 9.1%+8.3pp | -13.2%-8.3pp | -20.7%+1.9pp | 11.8%+14.4pp | 0.8%+1.6pp | -5.0%+0.1pp | -22.6%-22.6pp | -2.6%-0.2pp |
| Return on Assets | 5.5%+5.0pp | -7.5%-4.5pp | -12.4%+0.8pp | 7.7%+9.3pp | 0.5%+1.0pp | -3.0%+0.2pp | -13.1%-13.1pp | -1.6%-0.1pp |
| Current Ratio | 4.48-0.2x | 4.11-0.5x | 4.84+1.4x | 6.80+2.9x | 4.67+0.7x | 4.60-0.1x | 3.46-2.3x | 3.94-0.9x |
| Debt-to-Equity | 0.280.0x | 0.330.0x | 0.300.0x | 0.250.0x | 0.290.0x | 0.31+0.1x | 0.30+0.1x | 0.250.0x |
| Asset Turnover | 0.340.0x | 0.280.0x | 0.240.0x | 0.320.0x | 0.340.0x | 0.29+0.1x | 0.260.0x | 0.32+0.1x |
| FCF Margin | 4.6%-5.6pp | -4.8%+8.5pp | -5.1%+19.8pp | 6.8%+5.6pp | 10.2% | -13.3%+3.0pp | -24.9%-23.4pp | 1.2% |
Not reported in any period shown, so not listed: Gross Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| BT Brands, Inc. BTBD | FY2025 | $13.5M | -$688K | -5.1% | $11.0M | 47/100 |
| TDH Holdings, Inc. PETZ | FY2025 | $1.3M | $1.8M | N/A | $14.6M | 3/100 |
| Good Times Restaurants Inc. GTIM | FY2025 | $141.6M | $1.0M | 0.7% | $15.9M | 36/100 |
| Chanson International Holding CHSN | FY2025 | $18.3M | $188K | 1.0% | $2.4M | 38/100 |
| Reborn Coffee, Inc. REBN | FY2025 | $8.1M | -$9.1M | N/A | $6.9M | 25/100 |
| Ark Restaurants Corp ARKR | FY2025 | $165.8M | -$11.5M | -6.9% | $17.4M | 36/100 |
Where BT Brands, Inc. Ranks
Frequently Asked Questions
What is BT Brands, Inc.'s annual revenue?
BT Brands, Inc. (BTBD) reported $13.5M in total revenue for fiscal year 2025. This represents a -9.0% 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 BT Brands, Inc.'s revenue growing?
BT Brands, Inc. (BTBD) revenue declined by 9.0% year-over-year, from $14.8M to $13.5M in fiscal year 2025.
Is BT Brands, Inc. profitable?
No, BT Brands, Inc. (BTBD) reported a net income of -$688K in fiscal year 2025, with a net profit margin of -5.1%.
What is BT Brands, Inc.'s EBITDA?
BT Brands, Inc. (BTBD) had EBITDA of $284K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does BT Brands, Inc. have?
As of fiscal year 2025, BT Brands, Inc. (BTBD) had $846K in cash and equivalents against $1.9M in long-term debt.
What is BT Brands, Inc.'s operating margin?
BT Brands, Inc. (BTBD) had an operating margin of -2.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is BT Brands, Inc.'s net profit margin?
BT Brands, Inc. (BTBD) had a net profit margin of -5.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is BT Brands, Inc.'s return on equity (ROE)?
BT Brands, Inc. (BTBD) has a return on equity of -10.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is BT Brands, Inc.'s free cash flow?
BT Brands, Inc. (BTBD) generated $112K in free cash flow during fiscal year 2025. This represents a 109.3% 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 BT Brands, Inc.'s operating cash flow?
BT Brands, Inc. (BTBD) generated $285K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are BT Brands, Inc.'s total assets?
BT Brands, Inc. (BTBD) had $10.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are BT Brands, Inc.'s capital expenditures?
BT Brands, Inc. (BTBD) invested $173K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is BT Brands, Inc.'s current ratio?
BT Brands, Inc. (BTBD) had a current ratio of 4.84 as of fiscal year 2025, which is generally considered healthy.
What is BT Brands, Inc.'s debt-to-equity ratio?
BT Brands, Inc. (BTBD) had a debt-to-equity ratio of 0.30 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is BT Brands, Inc.'s return on assets (ROA)?
BT Brands, Inc. (BTBD) had a return on assets of -6.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is BT Brands, Inc.'s P/E ratio?
BT Brands, Inc. (BTBD) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 28, 2026). The market capitalization is $11.0M as of Sep 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is BT Brands, Inc.'s price-to-sales ratio?
BT Brands, Inc. (BTBD) trades at 0.9x sales, its market capitalization divided by revenue of $12.9M revenue, trailing 12 months to June 28, 2026. The market capitalization is $11.0M as of Sep 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is BT Brands, Inc.'s Altman Z-Score?
BT Brands, Inc. (BTBD) has an Altman Z-Score of 2.54, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is BT Brands, Inc.'s Piotroski F-Score?
BT Brands, Inc. (BTBD) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 BT Brands, Inc.'s earnings high quality?
BT Brands, Inc. (BTBD) reported a net loss of $688K while generating $285K in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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.
Can BT Brands, Inc. cover its interest payments?
BT Brands, Inc. (BTBD) reported an operating loss of $365K against $82K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is BT Brands, Inc.?
BT Brands, Inc. (BTBD) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.