What is Bt Brands Inc's earnings per share (EPS)?

Bt Brands Inc (BTBDW) reported diluted earnings per share of $-0.11 for fiscal year 2025. This represents a 70.3% 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.

Bt Brands Inc Financials

BTBDW

Source SEC Filings (10-K/10-Q) Updated Dec 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 7 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 BTBDW FY2025 2026-04-22

BT Brands' recent financial turn is a cost-led cash recovery, not a sales-driven expansion.

Revenue fell year over year, yet free cash flow swung to $112K from -$1.2M. With EBITDA back to $284K and operating margin still -2.7%, the improvement looks like a cost-and-capex reset rather than a demand recovery, so accounting losses now overstate the immediate cash drain.

Debt has not been the main source of strain; liabilities have moved down over the last two years and equity stayed positive, so the balance-sheet issue is depleted liquidity rather than solvency pressure. Cash fell from $5.3M in FY2023 to $846K in FY2025, which means day-to-day flexibility now depends more on non-cash current assets and continued operating cash generation.

The operating model looks highly overhead-sensitive: on lower sales, operating margin improved to -2.7% from -12.4% as expenses came down. That makes cost discipline unusually important here, because modest volume changes have recently translated into much larger swings in profitability than the revenue line alone would suggest.

Financial Health Signals

Financial Profile 41/100

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 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.

Profitability

Bt Brands Inc has an operating margin of -2.7%, meaning the company retains $-3 of operating profit per $100 of revenue. This below-average margin results in a low score of 8/100, suggesting thin profitability after operating expenses. This is up from -12.4% the prior year.

Growth

Bt Brands Inc's revenue declined 9% year-over-year, from $14.8M to $13.5M. This contraction results in a growth score of 30/100.

Leverage

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 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 4.84, Bt Brands Inc holds $4.84 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 97/100.

Cash Flow

Bt Brands Inc's free cash flow margin of 0.8% results in a low score of 17/100. Capital expenditures of $173K absorb a large share of operating cash flow.

Returns

Bt Brands Inc generates a -10.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -33.2% the prior year.

Piotroski F-Score Neutral

6/9

Bt Brands Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-0.41x

For every $1 of reported earnings, Bt Brands Inc generates $-0.41 in operating cash flow ($285K OCF vs -$688K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-4.5x

Bt Brands Inc earns $-4.5 in operating income for every $1 of interest expense (-$365K vs $82K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$13.5M

YoY-9.0%

5Y CAGR+15.8%

Bt Brands Inc generated $13.5M in revenue in fiscal year 2025. This represents a decrease of 9.0% from the prior year.

EBITDA

$284K

YoY+126.1%

Bt Brands Inc's EBITDA was $284K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 126.1% from the prior year.

Net Income

-$688K

YoY+70.2%

Bt Brands Inc reported -$688K in net income in fiscal year 2025. This represents an increase of 70.2% from the prior year.

EPS (Diluted)

$-0.11

YoY+70.3%

Bt Brands Inc earned $-0.11 per diluted share (EPS) in fiscal year 2025. This represents an increase of 70.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$112K

YoY+109.3%

5Y CAGR+17.3%

Bt Brands Inc generated $112K in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 109.3% from the prior year.

Cash & Debt

$846K

YoY-56.6%

5Y CAGR+26.8%

Bt Brands Inc held $846K in cash against $1.9M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+0.0%

5Y CAGR+8.7%

Bt Brands Inc had 6M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-2.7%

YoY+9.7pp

5Y CAGR+3.1pp

Bt Brands Inc's operating margin was -2.7% in fiscal year 2025, reflecting core business profitability. This is up 9.7 percentage points from the prior year.

Net Margin

-5.1%

YoY+10.5pp

5Y CAGR+2.1pp

Bt Brands Inc's net profit margin was -5.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 10.5 percentage points from the prior year.

Return on Equity

-10.7%

YoY+22.5pp

Bt Brands Inc's ROE was -10.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 22.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$173K

YoY-65.0%

Bt Brands Inc invested $173K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 65.0% from the prior year.

BTBDW Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY19
Revenue	$13.5M-9.0%	$14.8M+5.3%	$14.1M+66.6%	$8.5M+3.6%	$8.2M+25.9%	$6.5M
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	$1.5M-13.4%	$1.7M+2.5%	$1.7M+296.1%	$417K-39.4%	$688K+22.6%	$561K
Operating Income	-$365K+80.1%	-$1.8M-70.8%	-$1.1M-209.4%	$981K+85.3%	$529K+241.7%	-$374K
Interest Expense	$82K-18.1%	$100K+2.0%	$98K-43.5%	$173K-2.8%	$178K-14.5%	$208K
Income Tax	$0-100.0%	$206K+42.1%	$145K-27.5%	$200K+53.8%	$130K+227.5%	-$102K
Net Income	-$688K+70.2%	-$2.3M-160.5%	-$887K-246.0%	$608K-23.3%	$792K+269.7%	-$467K
EPS (Diluted)	$-0.11+70.3%	$-0.37	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$2.6M-32.0%	$3.9M+2.0%	$3.8M+17.0%	$3.2M+1.8%	$3.2M-27.0%	$4.3M+5.8%	$4.1M+28.9%	$3.2M
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	$304K+70.2%	$178K-66.4%	$531K+17.7%	$451K+10.9%	$407K+8.3%	$375K-17.4%	$455K0.0%	$455K
Operating Income	-$732K-199.6%	$735K+1078.5%	-$75K+74.3%	-$292K+68.8%	-$938K-1150.4%	-$75K+60.2%	-$189K+70.1%	-$631K
Interest Expense	$24K+47.3%	$16K-16.2%	$20K-9.3%	$22K-20.2%	$27K+19.8%	$23K0.0%	$23K-18.0%	$27K
Income Tax	$0	$0	$0	$0-100.0%	$325K+2421.4%	-$14K-212.0%	$13K+110.6%	-$118K
Net Income	-$1.3M-245.1%	$915K+1562.7%	$55K+116.7%	-$330K+79.1%	-$1.6M-618.1%	-$219K-213.8%	-$70K+84.3%	-$446K
EPS (Diluted)	N/A	$0.15	N/A	N/A	N/A	$-0.04	N/A	N/A

BTBDW Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY19
Total Assets	$10.7M-10.4%	$12.0M-17.9%	$14.6M-5.2%	$15.4M+338.7%	$3.5M+33.4%	$2.6M
Current Assets	$5.9M+18.0%	$5.0M-30.8%	$7.2M-37.1%	$11.5M+644.0%	$1.5M+358.6%	$337K
Cash & Equivalents	$846K-56.6%	$2.0M-63.2%	$5.3M-52.1%	$11.1M+658.4%	$1.5M+465.7%	$258K
Inventory	$230K-15.5%	$273K+35.4%	$201K+105.8%	$98K+44.8%	$68K+19.8%	$56K
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$796K0.0%	$796K+18.6%	$671K+235.6%	$200K	N/A	N/A
Total Liabilities	$4.3M-14.0%	$5.0M-7.2%	$5.4M+17.0%	$4.6M+13.6%	$4.1M-1.1%	$4.1M
Current Liabilities	$1.2M-15.6%	$1.4M-6.9%	$1.6M+32.7%	$1.2M-6.4%	$1.2M+54.3%	$809K
Long-Term Debt	$1.9M-9.2%	$2.1M-7.9%	$2.3M-18.7%	$2.8M+3.2%	$2.7M-16.0%	$3.2M
Total Equity	$6.4M-7.9%	$7.0M-24.2%	$9.2M-14.8%	$10.8M+1999.8%	-$567K+59.4%	-$1.4M
Retained Earnings	-$5.0M-15.8%	-$4.4M-112.7%	-$2.0M-267.6%	-$558K+48.0%	-$1.1M+46.3%	-$2.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$10.7M-10.0%	$11.9M+6.4%	$11.2M+1.9%	$11.0M-8.3%	$12.0M-12.3%	$13.7M-2.5%	$14.0M+0.2%	$14.0M
Current Assets	$5.9M-11.1%	$6.6M+19.5%	$5.6M+24.6%	$4.5M-10.8%	$5.0M-12.8%	$5.7M-3.0%	$5.9M-11.8%	$6.7M
Cash & Equivalents	$846K-33.8%	$1.3M+128.1%	$560K-47.7%	$1.1M-45.2%	$2.0M-36.8%	$3.1M-17.4%	$3.7M-20.0%	$4.7M
Inventory	$230K-59.1%	$564K+4.5%	$539K+126.4%	$238K-12.6%	$273K-5.7%	$289K-3.6%	$300K+32.7%	$226K
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%	$796K0.0%	$796K0.0%	$796K0.0%	$796K+18.6%	$671K
Total Liabilities	$4.3M+2.7%	$4.2M-4.9%	$4.4M+2.2%	$4.3M-13.8%	$5.0M-2.8%	$5.2M-2.8%	$5.3M+2.3%	$5.2M
Current Liabilities	$1.2M+24.9%	$975K-18.0%	$1.2M+22.8%	$968K-32.9%	$1.4M-1.0%	$1.5M-2.4%	$1.5M+5.5%	$1.4M
Long-Term Debt	$1.9M-1.6%	$1.9M-3.1%	$2.0M-3.9%	$2.1M-0.8%	$2.1M-2.8%	$2.2M-2.3%	$2.2M-1.6%	$2.2M
Total Equity	$6.4M-16.9%	$7.7M+13.9%	$6.8M+1.8%	$6.7M-4.3%	$7.0M-18.1%	$8.5M-2.3%	$8.7M-1.0%	$8.8M
Retained Earnings	-$5.0M-35.7%	-$3.7M+19.7%	-$4.6M+1.2%	-$4.7M-7.6%	-$4.4M-56.6%	-$2.8M-8.6%	-$2.6M-2.8%	-$2.5M

BTBDW Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY19
Operating Cash Flow	$285K+139.9%	-$714K-175.7%	-$259K-131.8%	$814K-41.8%	$1.4M+2668.0%	$50K
Capital Expenditures	$173K-65.0%	$494K+1.2%	$488K+134.9%	$208K+34.6%	$154K	$0
Free Cash Flow	$112K+109.3%	-$1.2M-61.6%	-$747K-223.3%	$606K-51.2%	$1.2M+2362.1%	$50K
Investing Cash Flow	-$1.1M+51.5%	-$2.2M-146.4%	$4.7M+2366.8%	-$208K-945.9%	$25K+113.7%	-$179K
Financing Cash Flow	-$330K+26.9%	-$451K+65.4%	-$1.3M-112.5%	$10.5M+3013.5%	-$359K-29.6%	-$277K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$143K-43.0%	$251K	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$118K-136.3%	$325K-15.4%	$384K+225.3%	-$307K+40.6%	-$516K-499.5%	$129K	N/A	-$409K
Capital Expenditures	-$15K-123.4%	$63K	$0-100.0%	$124K-54.6%	$274K+247.6%	$79K	N/A	$112K
Free Cash Flow	-$133K-150.7%	$262K-31.9%	$384K+189.2%	-$431K+45.5%	-$790K-1667.0%	$50K	N/A	-$521K
Investing Cash Flow	-$129K-129.1%	$444K+152.4%	-$847K-60.6%	-$528K-2.3%	-$516K+27.6%	-$712K	N/A	-$62K
Financing Cash Flow	-$184K-258.4%	-$51K-9.3%	-$47K-0.4%	-$47K+53.8%	-$102K-51.8%	-$67K	N/A	-$161K
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	$29K-23.7%	$38K-50.1%	$76K	$0

BTBDW Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-2.7%+9.7pp	-12.4%-4.7pp	-7.6%-19.2pp	11.6%+5.1pp	6.5%+12.3pp	-5.8%
Net Margin	-5.1%+10.5pp	-15.6%-9.3pp	-6.3%-13.5pp	7.2%-2.5pp	9.7%+16.9pp	-7.2%
Return on Equity	-10.7%+22.5pp	-33.2%-23.5pp	-9.7%-15.3pp	5.6%	N/A	N/A
Return on Assets	-6.4%+12.9pp	-19.3%-13.2pp	-6.1%-10.0pp	3.9%-18.6pp	22.5%+40.3pp	-17.7%
Current Ratio	4.84+1.4	3.46-1.2	4.66-5.2	9.84+8.6	1.24+0.8	0.42
Debt-to-Equity	0.300.0	0.30+0.1	0.25-0.0	0.26+5.0	-4.77-2.5	-2.31
FCF Margin	0.8%+9.0pp	-8.2%-2.8pp	-5.3%-12.5pp	7.2%-8.1pp	15.2%+14.4pp	0.8%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-27.9%-47.0pp	19.1%+21.1pp	-2.0%+7.0pp	-9.0%+20.5pp	-29.5%-27.8pp	-1.7%+2.9pp	-4.6%+15.2pp	-19.8%
Net Margin	-50.6%-74.4pp	23.7%+22.3pp	1.5%+11.7pp	-10.2%+39.4pp	-49.7%-44.6pp	-5.1%-3.4pp	-1.7%+12.3pp	-14.0%
Return on Equity	-20.7%-32.5pp	11.8%+11.0pp	0.8%+5.8pp	-5.0%+17.7pp	-22.6%-20.0pp	-2.6%-1.8pp	-0.8%+4.3pp	-5.1%
Return on Assets	-12.4%-20.0pp	7.7%+7.2pp	0.5%+3.5pp	-3.0%+10.1pp	-13.1%-11.5pp	-1.6%-1.1pp	-0.5%+2.7pp	-3.2%
Current Ratio	4.84-2.0	6.80+2.1	4.67+0.1	4.60+1.1	3.46-0.5	3.94-0.0	3.96-0.8	4.74
Debt-to-Equity	0.30+0.0	0.25-0.0	0.29-0.0	0.31+0.0	0.30+0.0	0.250.0	0.250.0	0.25
FCF Margin	-5.1%-11.8pp	6.8%-3.4pp	10.2%+23.5pp	-13.3%+11.6pp	-24.9%-26.1pp	1.2%	N/A	-16.3%

Frequently Asked Questions

What is Bt Brands Inc's annual revenue?

Bt Brands Inc (BTBDW) 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 (BTBDW) revenue declined by 9% year-over-year, from $14.8M to $13.5M in fiscal year 2025.

Is Bt Brands Inc profitable?

No, Bt Brands Inc (BTBDW) 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 (BTBDW) 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 (BTBDW) had $846K in cash and equivalents against $1.9M in long-term debt.

What is Bt Brands Inc's operating margin?

Bt Brands Inc (BTBDW) 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 (BTBDW) 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 (BTBDW) 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 (BTBDW) 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 (BTBDW) 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 (BTBDW) 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 (BTBDW) invested $173K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Bt Brands Inc have outstanding?

Bt Brands Inc (BTBDW) had 6M shares outstanding as of fiscal year 2025.

What is Bt Brands Inc's current ratio?

Bt Brands Inc (BTBDW) 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 (BTBDW) 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 (BTBDW) 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 Piotroski F-Score?

Bt Brands Inc (BTBDW) has a Piotroski F-Score of 6 out of 9, indicating neutral 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 Bt Brands Inc's earnings high quality?

Bt Brands Inc (BTBDW) has an earnings quality ratio of -0.41x, considered mixed quality. 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 -4.5x, 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 41 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.