Bt Brands Inc Financials

BTBDW

Source SEC Filings (10-K/10-Q) Updated Sep 28, 2025 Currency USD FYE December

This page shows Bt Brands Inc (BTBDW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).

Financial Health Signals

Financial Profile 49/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Bt Brands Inc has an operating margin of -12.4%, meaning the company retains $-12 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -7.6% the prior year.

Growth

Bt Brands Inc's revenue grew 5.3% year-over-year to $14.8M, a solid pace of expansion. This earns a growth score of 44/100.

Leverage

100

Bt Brands Inc carries a low D/E ratio of 0.30, meaning only $0.30 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 3.46, Bt Brands Inc holds $3.46 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Bt Brands Inc generated -$724K in operating cash flow, capex of $494K consumed most of it, leaving -$1.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

3/9

Bt Brands Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.31x

For every $1 of reported earnings, Bt Brands Inc generates $0.31 in operating cash flow (-$724K OCF vs -$2.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-18.3x

Bt Brands Inc earns $-18.3 in operating income for every $1 of interest expense (-$1.8M vs $100K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$14.8M

YoY+5.3%

5Y CAGR+16.0%

Bt Brands Inc generated $14.8M in revenue in fiscal year 2024. This represents an increase of 5.3% from the prior year.

EBITDA

-$1.1M

YoY-129.8%

Bt Brands Inc's EBITDA was -$1.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 129.8% from the prior year.

Free Cash Flow

-$1.2M

YoY-63.0%

Bt Brands Inc generated -$1.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 63.0% from the prior year.

Net Income

-$2.3M

YoY-160.5%

Bt Brands Inc reported -$2.3M in net income in fiscal year 2024. This represents a decrease of 160.5% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$2.0M

YoY-63.2%

5Y CAGR+24.1%

Bt Brands Inc held $2.0M in cash against $2.1M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY-1.5%

5Y CAGR-5.3%

Bt Brands Inc had 6M shares outstanding in fiscal year 2024. This represents a decrease of 1.5% from the prior year.

Gross Margin

N/A

Operating Margin

-12.4%

YoY-4.7pp

5Y CAGR-15.8pp

Bt Brands Inc's operating margin was -12.4% in fiscal year 2024, reflecting core business profitability. This is down 4.7 percentage points from the prior year.

Net Margin

-15.6%

YoY-9.3pp

5Y CAGR-15.9pp

Bt Brands Inc's net profit margin was -15.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 9.3 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

$143K

YoY-43.0%

Bt Brands Inc spent $143K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 43.0% from the prior year.

Capital Expenditures

$494K

YoY+1.2%

Bt Brands Inc invested $494K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 1.2% from the prior year.

BTBDW Income Statement

Metric	FY24	FY23	FY22	FY21	FY19	FY18
Revenue	$14.8M+5.3%	$14.1M+66.6%	$8.5M+3.6%	$8.2M+25.9%	$6.5M-8.1%	$7.1M
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.7M+2.5%	$1.7M+296.1%	$417K-39.4%	$688K+22.6%	$561K+13.9%	$492K
Operating Income	-$1.8M-70.8%	-$1.1M-209.4%	$981K+85.3%	$529K+241.7%	-$374K-255.1%	$241K
Interest Expense	$100K+2.4%	$98K-43.5%	$173K-2.8%	$178K-14.5%	$208K+217.5%	-$177K
Income Tax	$206K+42.1%	$145K-27.5%	$200K+53.8%	$130K+227.5%	-$102K-643.2%	-$14K
Net Income	-$2.3M-160.5%	-$887K-246.0%	$608K-23.3%	$792K+269.7%	-$467K-2342.8%	$21K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'23	Q2'23	Q1'23
Revenue	$3.9M+2.0%	$3.8M+17.0%	$3.2M+1.8%	$3.2M+5.9%	$3.0M-25.2%	$4.0M+0.2%	$4.0M+30.3%	$3.1M
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	$178K-66.4%	$531K+17.7%	$451K+10.9%	$407K+12.1%	$363K+5.7%	$343K-33.9%	$519K+21.9%	$426K
Operating Income	$735K+1078.5%	-$75K+74.3%	-$292K+68.8%	-$938K-19.8%	-$783K-2027.6%	$41K+151.1%	-$80K+68.3%	-$251K
Interest Expense	$16K-16.2%	$20K-9.3%	$22K-21.1%	$27K+15.0%	$24K-0.8%	$24K-1.8%	$24K-4.5%	$26K
Income Tax	$0	$0	$0-100.0%	$325K+94.6%	$167K	$0+100.0%	-$52K-273.3%	$30K
Net Income	$915K+1562.7%	$55K+116.7%	-$330K+79.1%	-$1.6M-210.0%	-$508K-14483.0%	-$3K+98.5%	-$234K-64.8%	-$142K
EPS (Diluted)	$0.15	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BTBDW Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY19	FY18
Total Assets	$12.0M-17.9%	$14.6M-5.2%	$15.4M+338.7%	$3.5M+33.4%	$2.6M-19.3%	$3.3M
Current Assets	$5.0M-30.8%	$7.2M-37.1%	$11.5M+644.0%	$1.5M+358.6%	$337K-57.4%	$791K
Cash & Equivalents	$2.0M-63.2%	$5.3M-52.1%	$11.1M+658.4%	$1.5M+465.7%	$258K-61.1%	$664K
Inventory	$273K+35.4%	$201K+105.8%	$98K+44.8%	$68K+19.8%	$56K-3.7%	$59K
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$796K+18.6%	$671K+235.6%	$200K	N/A	N/A	N/A
Total Liabilities	$5.0M-7.2%	$5.4M+17.0%	$4.6M+13.6%	$4.1M-1.1%	$4.1M-4.1%	$4.3M
Current Liabilities	$1.4M-6.9%	$1.6M+32.7%	$1.2M-6.4%	$1.2M+54.3%	$809K+10.5%	$732K
Long-Term Debt	$2.1M-7.9%	$2.3M-18.7%	$2.8M+3.2%	$2.7M-16.0%	$3.2M-8.4%	$3.5M
Total Equity	$7.0M-24.2%	$9.2M-14.8%	$10.8M+1999.8%	-$567K+59.4%	-$1.4M-34.1%	-$1.0M
Retained Earnings	-$4.4M-112.7%	-$2.0M-267.6%	-$558K+48.0%	-$1.1M+46.3%	-$2.0M-30.4%	-$1.5M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'23	Q2'23	Q1'23
Total Assets	$11.9M+6.4%	$11.2M+1.9%	$11.0M-8.3%	$12.0M-17.9%	$14.6M-2.0%	$14.9M-1.6%	$15.1M0.0%	$15.2M
Current Assets	$6.6M+19.5%	$5.6M+24.6%	$4.5M-10.8%	$5.0M-30.8%	$7.2M-3.1%	$7.5M-0.3%	$7.5M+1.3%	$7.4M
Cash & Equivalents	$1.3M+128.1%	$560K-47.7%	$1.1M-45.2%	$2.0M-63.2%	$5.3M-4.4%	$5.5M-2.8%	$5.7M+3.8%	$5.5M
Inventory	$564K+4.5%	$539K+126.4%	$238K-12.6%	$273K+35.4%	$201K+4.3%	$193K+0.9%	$191K+10.5%	$173K
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$796K0.0%	$796K0.0%	$796K0.0%	$796K+18.6%	$671K0.0%	$671K0.0%	$671K0.0%	$671K
Total Liabilities	$4.2M-4.9%	$4.4M+2.2%	$4.3M-13.8%	$5.0M-7.2%	$5.4M+2.9%	$5.3M-5.0%	$5.5M+3.5%	$5.4M
Current Liabilities	$975K-18.0%	$1.2M+22.8%	$968K-32.9%	$1.4M-6.9%	$1.6M+20.4%	$1.3M-16.5%	$1.5M+31.7%	$1.2M
Long-Term Debt	$1.9M-3.1%	$2.0M-3.9%	$2.1M-0.8%	$2.1M-7.9%	$2.3M-2.7%	$2.3M-1.8%	$2.4M-1.7%	$2.4M
Total Equity	$7.7M+13.9%	$6.8M+1.8%	$6.7M-4.3%	$7.0M-24.2%	$9.2M-4.7%	$9.6M+0.4%	$9.6M-2.0%	$9.8M
Retained Earnings	-$3.7M+19.7%	-$4.6M+1.2%	-$4.7M-7.6%	-$4.4M-112.7%	-$2.0M-33.0%	-$1.5M-0.2%	-$1.5M-17.9%	-$1.3M

BTBDW Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY19	FY18
Operating Cash Flow	-$724K-179.6%	-$259K-131.8%	$814K-41.8%	$1.4M+2668.0%	$50K+2.8%	$49K
Capital Expenditures	$494K+1.2%	$488K+134.9%	$208K+34.6%	$154K	$0+100.0%	-$67K
Free Cash Flow	-$1.2M-63.0%	-$747K-223.3%	$606K-51.2%	$1.2M+2362.1%	$50K+387.9%	-$18K
Investing Cash Flow	-$2.2M-146.4%	$4.7M+2366.8%	-$208K-945.9%	$25K+113.7%	-$179K-182.6%	$217K
Financing Cash Flow	-$441K+66.2%	-$1.3M-112.5%	$10.5M+3013.5%	-$359K-29.6%	-$277K-276.6%	$157K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$143K-43.0%	$251K	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'23	Q2'23	Q1'23
Operating Cash Flow	$325K-15.4%	$384K+225.3%	-$307K+41.7%	-$526K-186.0%	-$184K-597.2%	$37K-77.0%	$161K+133.9%	-$474K
Capital Expenditures	$63K	$0-100.0%	$124K-54.6%	$274K+117.2%	$126K+30.8%	$96K-35.4%	$149K+39.5%	$107K
Free Cash Flow	$262K-31.9%	$384K+189.2%	-$431K+46.1%	-$800K-158.0%	-$310K-421.7%	-$59K-624.0%	$11K+102.0%	-$581K
Investing Cash Flow	$444K+152.4%	-$847K-60.6%	-$528K-2.3%	-$516K-288.4%	-$133K+12.0%	-$151K+94.8%	-$2.9M-156.8%	$5.1M
Financing Cash Flow	-$51K-9.3%	-$47K-0.4%	-$47K+48.8%	-$92K-229.9%	$70K+260.0%	-$44K-5.4%	-$42K+96.7%	-$1.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$38K-50.1%	$76K	$0-100.0%	$29K+9536.7%	$300	$0	N/A	$250K

BTBDW Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY19	FY18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-12.4%-4.7pp	-7.6%-19.2pp	11.6%+5.1pp	6.5%+12.3pp	-5.8%-9.2pp	3.4%
Net Margin	-15.6%-9.3pp	-6.3%-13.5pp	7.2%-2.5pp	9.7%+16.9pp	-7.2%-7.5pp	0.3%
Return on Equity	N/A	N/A	5.6%	N/A	N/A	N/A
Return on Assets	-19.3%-13.2pp	-6.1%-10.0pp	3.9%-18.6pp	22.5%+40.3pp	-17.7%-18.4pp	0.6%
Current Ratio	3.46-1.2	4.66-5.2	9.84+8.6	1.24+0.8	0.42-0.7	1.08
Debt-to-Equity	0.30+0.1	0.25-0.0	0.26+5.0	-4.77-2.5	-2.31+1.1	-3.38
FCF Margin	-8.2%-2.9pp	-5.3%-12.5pp	7.2%-8.1pp	15.2%+14.4pp	0.8%+1.0pp	-0.3%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'23	Q2'23	Q1'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	19.1%+21.1pp	-2.0%+7.0pp	-9.0%+20.5pp	-29.5%-3.4pp	-26.1%-27.1pp	1.0%+3.0pp	-2.0%+6.2pp	-8.2%
Net Margin	23.7%+22.3pp	1.5%+11.7pp	-10.2%+39.4pp	-49.7%-32.7pp	-17.0%-16.9pp	-0.1%+5.8pp	-5.8%-1.2pp	-4.6%
Return on Equity	11.8%+11.0pp	0.8%	N/A	N/A	N/A	N/A	N/A	0.4%
Return on Assets	7.7%+7.2pp	0.5%+3.5pp	-3.0%+10.1pp	-13.1%-9.7pp	-3.5%-3.5pp	-0.0%+1.5pp	-1.5%-0.6pp	-0.9%
Current Ratio	6.80+2.1	4.67+0.1	4.60+1.1	3.46-1.2	4.66-1.1	5.79+0.9	4.85-1.5	6.31
Debt-to-Equity	0.25-0.0	0.29-0.0	0.31+0.0	0.30+0.1	0.250.0	0.240.0	0.250.0	0.25
FCF Margin	6.8%-3.4pp	10.2%+23.5pp	-13.3%+11.9pp	-25.2%-14.9pp	-10.3%-8.9pp	-1.5%-1.8pp	0.3%+19.3pp	-18.9%

Frequently Asked Questions

What is Bt Brands Inc's annual revenue?

Bt Brands Inc (BTBDW) reported $14.8M in total revenue for fiscal year 2024. This represents a 5.3% 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 (BTBDW) revenue grew by 5.3% year-over-year, from $14.1M to $14.8M in fiscal year 2024.

Is Bt Brands Inc profitable?

No, Bt Brands Inc (BTBDW) reported a net income of -$2.3M in fiscal year 2024, with a net profit margin of -15.6%.

What is Bt Brands Inc's EBITDA?

Bt Brands Inc (BTBDW) had EBITDA of -$1.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Bt Brands Inc have?

As of fiscal year 2024, Bt Brands Inc (BTBDW) had $2.0M in cash and equivalents against $2.1M in long-term debt.

What is Bt Brands Inc's operating margin?

Bt Brands Inc (BTBDW) had an operating margin of -12.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Bt Brands Inc's net profit margin?

Bt Brands Inc (BTBDW) had a net profit margin of -15.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Bt Brands Inc's free cash flow?

Bt Brands Inc (BTBDW) generated -$1.2M in free cash flow during fiscal year 2024. This represents a -63.0% 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 (BTBDW) generated -$724K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Bt Brands Inc's total assets?

Bt Brands Inc (BTBDW) had $12.0M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Bt Brands Inc's capital expenditures?

Bt Brands Inc (BTBDW) invested $494K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Bt Brands Inc buy back shares?

Yes, Bt Brands Inc (BTBDW) spent $143K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Bt Brands Inc have outstanding?

Bt Brands Inc (BTBDW) had 6M shares outstanding as of fiscal year 2024.

What is Bt Brands Inc's current ratio?

Bt Brands Inc (BTBDW) had a current ratio of 3.46 as of fiscal year 2024, which is generally considered healthy.

What is Bt Brands Inc's debt-to-equity ratio?

Bt Brands Inc (BTBDW) had a debt-to-equity ratio of 0.30 as of fiscal year 2024, 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 (BTBDW) had a return on assets of -19.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Bt Brands Inc's cash runway?

Based on fiscal year 2024 data, Bt Brands Inc (BTBDW) had $2.0M in cash against an annual operating cash burn of $724K. This gives an estimated cash runway of approximately 32 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.

What is Bt Brands Inc's Piotroski F-Score?

Bt Brands Inc (BTBDW) has a Piotroski F-Score of 3 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 7–9 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 (BTBDW) has an earnings quality ratio of 0.31x, 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.

Can Bt Brands Inc cover its interest payments?

Bt Brands Inc (BTBDW) has an interest coverage ratio of -18.3x, meaning it can struggle to cover its interest obligations. 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 (BTBDW) scores 49 out of 100 on our Financial Profile, indicating moderate 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.