BTBD · Bt Brands, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.84M | - | $3.85M | $3.78M | $3.19M | - | $4.35M | $4.11M | $3.07M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $348.9K | - | $178.4K | $531.1K | $454.6K | - | $375.5K | $454.8K | $425.9K | - |
| Total Operating Expenses | $3.08M | - | $3.12M | $3.85M | $3.82M | - | $4.42M | $4.30M | $3.32M | - |
| D&A | $151.6K | - | $151.0K | $144.7K | $160.5K | - | $141.5K | $171.4K | $163.5K | - |
| Operating Income | ($232.8K) | - | $735.0K | ($75.1K) | ($630.8K) | - | ($75.0K) | ($188.5K) | ($250.8K) | - |
| Interest Expense | $21.4K | - | $16.4K | $19.6K | $27.5K | - | $22.6K | $22.6K | $25.5K | - |
| Income Tax | $0 | - | $0 | $0 | ($117.5K) | - | $14.0K | ($12.5K) | $30.0K | - |
| Net Income | ($751.0K) | - | $915.0K | $55.0K | ($445.7K) | - | ($219.5K) | ($70.0K) | ($141.8K) | - |
| EPS - Basic | - | - | ($0.04) | - | - | - | - | - | - | - |
| EPS - Diluted | ($0.12) | - | ($0.04) | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.01M | $846.2K | $1.95M | $560.1K | $1.07M | $1.95M | $3.09M | $3.74M | $2.15M | $5.30M |
| Accounts Receivable | $17.0K | $54.5K | $50.8K | $33.2K | $69.5K | $69.5K | $49.4K | $28.3K | $13.3K | $28.7K |
| Inventory | $218.1K | $230.4K | $563.6K | $539.5K | $272.6K | $272.6K | $289.2K | $300.1K | $226.2K | $201.3K |
| Accounts Payable | $327.0K | $245.2K | $185.4K | $434.4K | $280.3K | $612.1K | $589.0K | $612.6K | $629.5K | $555.2K |
| Current Assets | $5.24M | $5.90M | $6.63M | $5.55M | $5.00M | $5.00M | $5.73M | $5.91M | $6.70M | $7.23M |
| Total Assets | $9.98M | $10.75M | $11.94M | $11.22M | $12.00M | $12.00M | $13.68M | $14.03M | $14.00M | $14.61M |
| Current Liabilities | $1.27M | $1.22M | $974.9K | $1.19M | $1.44M | $1.44M | $1.46M | $1.49M | $1.42M | $1.55M |
| Long-term Debt | $1.85M | $1.90M | $1.93M | $1.99M | $2.07M | $2.09M | $2.15M | $2.20M | $2.24M | $2.27M |
| Total Liabilities | $4.30M | $4.33M | $4.21M | $4.43M | $5.03M | $5.03M | $5.18M | $5.32M | $5.20M | $5.42M |
| Stockholders' Equity | $5.68M | $6.42M | $7.72M | $6.78M | $6.67M | $6.97M | $8.50M | $8.71M | $8.80M | $9.19M |
| Retained Earnings | ($5.80M) | ($5.05M) | ($3.72M) | ($4.64M) | ($4.69M) | ($4.36M) | ($2.79M) | ($2.57M) | ($2.50M) | ($2.05M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($97.7K) | - | - | - | ($408.9K) | - | - | - | ($474.3K) | - |
| Investing Cash Flow | $323.7K | - | - | - | ($62.3K) | - | - | - | $5.10M | - |
| Financing Cash Flow | ($57.2K) | - | - | - | ($161.0K) | - | - | - | ($1.29M) | - |
| CapEx | $40.1K | - | - | - | $112.4K | - | - | - | $107.0K | - |
| Free Cash Flow | ($137.8K) | - | - | - | ($521.3K) | - | - | - | ($581.3K) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -8.2% | - | 19.1% | -2.0% | -19.8% | - | -1.7% | -4.6% | -8.2% | - |
| EBITDA margin | -2.9% | - | 23.0% | 1.8% | -14.7% | - | 1.5% | -0.4% | -2.8% | - |
| Net margin | -26.4% | - | 23.7% | 1.5% | -14.0% | - | -5.0% | -1.7% | -4.6% | - |
| Free cash flow margin | -4.8% | - | - | - | -16.3% | - | - | - | -18.9% | - |
| FCF / Net income | 0.18 | - | - | - | 1.17 | - | - | - | 4.10 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 12.3% | - | 4.6% | 14.1% | 14.3% | - | 8.6% | 11.1% | 13.9% | - |
| Effective tax rate | - | - | 0.0% | 0.0% | - | - | - | - | - | - |
| Return on assets | -7.5% | - | 7.7% | 0.5% | -3.7% | - | -1.6% | -0.5% | -1.0% | - |
| Return on equity | -13.2% | - | 11.8% | 0.8% | -6.7% | - | -2.6% | -0.8% | -1.6% | - |
| Return on invested capital | -2.4% | - | 7.6% | -0.9% | -5.7% | - | -0.6% | -1.4% | -1.8% | - |
| Liquidity | ||||||||||
| Current ratio | 4.11 | 4.84 | 6.80 | 4.67 | 3.46 | 3.46 | 3.94 | 3.96 | 4.74 | 4.66 |
| Quick ratio | 3.94 | 4.65 | 6.23 | 4.22 | 3.28 | 3.28 | 3.74 | 3.76 | 4.58 | 4.53 |
| Cash ratio | 0.80 | 0.69 | 2.00 | 0.47 | 0.74 | 1.35 | 2.12 | 2.50 | 1.52 | 3.42 |
| Leverage | ||||||||||
| Debt / Equity | 0.33 | 0.30 | 0.25 | 0.29 | 0.31 | 0.30 | 0.25 | 0.25 | 0.25 | 0.25 |
| Debt / Assets | 0.19 | 0.18 | 0.16 | 0.18 | 0.17 | 0.17 | 0.16 | 0.16 | 0.16 | 0.16 |
| Debt / EBITDA | - | - | 2.18 | 28.62 | - | - | 32.34 | - | - | - |
| Interest coverage | -10.9x | - | 44.9x | -3.8x | -22.9x | - | -3.3x | -8.4x | -9.8x | - |
| Equity multiplier | 1.76 | 1.67 | 1.55 | 1.65 | 1.80 | 1.72 | 1.61 | 1.61 | 1.59 | 1.59 |
| Liabilities / Assets | 0.43 | 0.40 | 0.35 | 0.40 | 0.42 | 0.42 | 0.38 | 0.38 | 0.37 | 0.37 |
| Efficiency | ||||||||||
| Asset turnover | 0.28 | - | 0.32 | 0.34 | 0.27 | - | 0.32 | 0.29 | 0.22 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 2d | - | 5d | 3d | 8d | - | 4d | 3d | 2d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 1.8x | - | 1.5x | - | - | - | - | - | - | - |
| P / S | 3.6x | - | 3.0x | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | 13.1x | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -10.9% | - | -11.4% | -8.1% | 3.9% | - | 8.1% | 2.8% | 48.1% | - |
| Revenue CAGR (3y) | 11.1% | - | 17.5% | 16.6% | 18.0% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | 15.8% | 14.9% | 18.3% | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 63.1% | - | - | 60.2% | -151.6% | - | - | -137.0% | - | - |
| Net income growth (YoY) | -68.5% | - | - | - | -214.3% | - | -25.5% | 70.1% | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 73.6% | - | - | - | 10.3% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -14.7% | -7.9% | -9.2% | -22.1% | -24.2% | -24.2% | -19.6% | -9.3% | -13.4% | - |
Peer comparison
Same SIC group: Retail-Eating Places
Comparing BT Brands against the 5 most active filers in the same SIC group.