Biglari Holdings (NYSE: BH) releases Q3 and nine-month 2025 financial results via 8-K

Rhea-AI Filing Summary

Biglari Holdings Inc. filed a Form 8-K to report that it has released financial results for its third quarter and first nine months ended September 30, 2025. On November 7, 2025, the company issued a press release with these results, which is included as Exhibit 99.1 and incorporated by reference into the report. The 8-K clarifies that the information under the results of operations item, including the press release, is being furnished rather than filed under securities laws, meaning it is not automatically subject to certain liability provisions or incorporated into other SEC filings unless explicitly stated.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

____________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): November 7, 2025

BIGLARI HOLDINGS INC.

(Exact Name of Registrant as Specified in Charter)

Indiana

001-38477

82-3784946

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

19100 Ridgewood Parkway,			Suite 1200
San Antonio,			Texas						78259
(Address of Principal Executive Offices)									(Zip Code)

Registrant’s telephone number, including area code: (210) 344-3400

Not Applicable

(Former Name or Former Address, if Changed Since Last Report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class			Trading Symbol(s)			Name of Each Exchange on Which Registered
Class A common stock			BH.A			New York Stock Exchange
Class B common stock			BH			New York Stock Exchange
Class A Common Stock, no par value			BH.A			NYSE Texas, Inc.
Class B Common Stock, no par value			BH			NYSE Texas, Inc.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02.     Results of Operations and Financial Condition.

On November 7, 2025, Biglari Holdings Inc. (the “Company”) issued a press release announcing its financial results for its third quarter and first nine months, which ended September 30, 2025. The Company’s press release is attached hereto as Exhibit 99.1 and the information set forth therein is incorporated herein by reference and constitutes a part of this report.

The information in this Current Report, including the exhibit attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section. The information in this Current Report, including the exhibit, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any incorporation by reference language in any such filing, unless the Company expressly sets forth in such future filing that such information is to be considered “filed” or incorporated by reference therein.

Item 9.01.     Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.						Description
99.1						Press Release issued by the Company on November 7, 2025
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

November 7, 2025			BIGLARI HOLDINGS INC.
			By:			/s/ Bruce Lewis
						Name:			Bruce Lewis
						Title:			Controller

FAQ

What did Biglari Holdings Inc. (BH) disclose in this Form 8-K?

Biglari Holdings Inc. disclosed that it issued a press release announcing its financial results for the third quarter and first nine months ended September 30, 2025, and furnished that press release as Exhibit 99.1.

Which period’s results are covered in Biglari Holdings’ November 7, 2025 press release?

The press release covers Biglari Holdings’ financial results for its third quarter and the first nine months of the year, which ended on September 30, 2025.

How is the press release treated under securities laws in this Biglari Holdings 8-K?

The company states that the information in the item, including the press release, is being furnished and not deemed filed under Section 18 of the Exchange Act, and will not be incorporated into other filings unless expressly stated in a future filing.

Where can investors find the detailed financial results for Biglari Holdings’ Q3 2025?

The detailed financial results are contained in the press release attached as Exhibit 99.1 to the Form 8-K filed by Biglari Holdings Inc.

Which exhibit numbers are included with this Biglari Holdings Form 8-K?

The Form 8-K includes Exhibit 99.1, which is the press release issued on November 7, 2025, and Exhibit 104, the cover page interactive data file embedded within the Inline XBRL document.

Who signed the Form 8-K for Biglari Holdings Inc.?

The Form 8-K was signed on behalf of Biglari Holdings Inc. by Bruce Lewis, who is identified as the Controller.