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BT Brands (BTBDW) Financials

BT Brands logo
$0.05 +0.02 (+71.52%)
As of 09/3/2026 10:22 AM Eastern
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Annual Income Statements for BT Brands

Annual Income Statements for BT Brands

This table shows BT Brands' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2021 2022 2023 2024 2025
Period end date 12/30/2018 12/29/2019 1/3/2021 1/2/2022 12/29/2023 12/29/2024 12/28/2025
Net Income / (Loss) Attributable to Common Shareholders		 0.93 -0.47 2.11 0.61 -0.89 -2.31 -0.69
Consolidated Net Income / (Loss)		 0.02 -0.47 2.11 0.61 -0.89 -2.31 -0.69
Net Income / (Loss) Continuing Operations		 0.93 -0.47 2.11 0.61 -0.89 -2.31 -0.69
Total Pre-Tax Income 		0.03 -0.57 0.92 0.81 -1.03 -2.11 -0.69
Total Operating Income		 0.24 -0.37 1.85 0.98 -1.07 -1.83 -0.36
Total Gross Profit		 1.98 1.77 2.73 2.78 3.02 3.09 3.88
Total Revenue		 7.05 6.48 8.16 8.45 14 15 13
Operating Revenue		 7.05 6.48 8.16 8.45 14 15 13
Total Cost of Revenue		 5.07 4.71 5.43 5.67 11 12 9.61
Operating Cost of Revenue		 5.07 4.71 5.43 5.67 11 12 9.61
Total Operating Expenses		 1.21 2.14 0.88 1.80 4.09 4.92 4.25
Selling, General & Admin Expense		 0.82 0.91 1.11 0.89 2.49 2.65 2.34
Depreciation Expense		 0.23 0.21 0.19 0.23 0.60 0.74 0.65
Other Operating Expenses / (Income)		 - 0.92 -0.61 0.68 1.31 1.40 1.28
Impairment Charge		 0.00 0.09 0.19 - 0.00 0.37 0.22
Other Special Charges / (Income)		 0.16 - - - -0.31 -0.25 -0.24
Total Other Income / (Expense), net		 0.15 -0.20 0.39 -0.17 0.04 -0.27 -0.32
Interest Expense		 0.18 0.21 0.18 0.17 0.10 0.10 0.08
Interest & Investment Income		 0.00 0.00 0.10 0.00 0.32 -0.09 -0.30
Other Income / (Expense), net		 -0.03 0.01 0.47 0.00 -0.19 -0.08 0.05
Income Tax Expense		 0.01 -0.10 0.13 0.20 -0.15 0.21 0.00
Weighted Average Basic Shares Outstanding		 7.22M 4.04M 4.05M 4.38M 6.26M 6.19M 6.15M
Diluted Earnings per Share		 $0.00 ($0.12) $0.20 $0.14 ($0.14) ($0.37) ($0.11)
Weighted Average Diluted Shares Outstanding		 7.22M 4.04M 4.05M 4.38M 6.26M 6.19M 6.15M
Weighted Average Basic & Diluted Shares Outstanding		 7.22M 4.04M 4.05M 4.38M 6.26M 6.19M 6.15M

Quarterly Income Statements for BT Brands

This table shows BT Brands' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/29/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024 3/30/2025 6/29/2025 9/28/2025 12/28/2025 3/29/2026 6/28/2026
Net Income / (Loss) Attributable to Common Shareholders		 0.30 -0.45 -0.09 -0.08 -1.69 -0.33 0.06 0.98 -1.39 -0.75 0.58
Consolidated Net Income / (Loss)		 -0.34 -0.45 -0.07 -0.22 -1.58 -0.33 0.06 0.91 -1.33 -0.75 0.58
Net Income / (Loss) Continuing Operations		 0.30 -0.45 -0.09 -0.08 -1.69 -0.33 0.06 0.98 -1.39 -0.75 0.58
Total Pre-Tax Income 		-0.40 -0.56 -0.08 -0.23 -1.23 -0.33 0.06 0.91 -1.33 -0.75 0.58
Total Operating Income		 -0.75 -0.63 -0.19 -0.08 -0.94 -0.29 -0.08 0.74 -0.73 -0.23 0.12
Total Gross Profit		 1.00 0.52 0.99 1.09 0.48 0.81 1.16 1.39 0.53 0.77 1.16
Total Revenue		 2.98 3.19 4.11 4.35 3.17 3.23 3.78 3.85 2.62 2.84 3.55
Operating Revenue		 2.98 3.19 4.11 4.35 3.17 3.23 3.78 3.85 2.62 2.84 3.55
Total Cost of Revenue		 1.98 2.67 3.12 3.26 2.69 2.42 2.62 2.47 2.10 2.07 2.39
Operating Cost of Revenue		 2.23 2.67 3.12 3.26 2.69 2.42 2.62 2.47 2.10 2.07 2.39
Total Operating Expenses		 1.12 1.16 1.18 1.16 1.42 1.11 1.23 0.65 1.26 1.00 1.05
Selling, General & Admin Expense		 0.86 0.66 0.67 0.61 0.72 0.64 0.78 0.41 0.51 0.55 0.57
Depreciation Expense		 0.07 0.16 0.17 0.14 0.27 0.16 0.14 0.15 0.20 0.15 0.15
Other Operating Expenses / (Income)		 - 0.34 0.34 0.38 0.35 0.31 0.30 0.33 0.34 0.30 0.33
Total Other Income / (Expense), net		 0.30 0.07 0.11 -0.02 -0.43 -0.04 0.13 0.25 -0.66 -0.52 0.46
Interest Expense		 0.01 0.03 0.02 0.02 0.03 0.02 0.02 0.02 0.02 0.02 0.02
Interest & Investment Income		 0.19 0.07 -0.02 -0.07 -0.08 -0.09 -0.03 -0.37 0.07 0.03 -0.02
Other Income / (Expense), net		 0.12 0.02 0.15 0.07 -0.32 0.08 0.18 0.63 -0.70 -0.53 0.49
Income Tax Expense		 -0.12 -0.12 0.01 -0.01 0.33 0.00 0.00 0.00 - 0.00 0.00
Basic Earnings per Share		 ($0.04) ($0.07) ($0.01) ($0.04) - - $0.01 $0.15 - - $0.09
Weighted Average Basic Shares Outstanding		 6.26M 6.25M 6.24M 6.18M 6.19M 6.15M 6.15M 6.15M 6.15M 6.18M 6.17M
Diluted Earnings per Share		 ($0.04) ($0.07) ($0.01) ($0.04) ($0.25) ($0.05) $0.01 $0.15 ($0.22) ($0.12) $0.09
Weighted Average Diluted Shares Outstanding		 6.26M 6.25M 6.24M 6.18M 6.19M 6.15M 6.15M 6.16M 6.15M 6.15M 6.18M
Weighted Average Basic & Diluted Shares Outstanding		 6.26M 6.25M 6.24M 6.25M 6.19M 6.15M 6.15M 6.15M 6.15M 6.18M 6.18M

Annual Cash Flow Statements for BT Brands

This table details how cash moves in and out of BT Brands' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2018 2019 2021 2022 2023 2024 2025
Period end date 12/30/2018 12/29/2019 1/3/2021 1/2/2022 12/31/2023 12/29/2024 12/28/2025
Net Change in Cash & Equivalents		 0.42 -0.41 0.06 11 3.15 -3.35 -1.11
Net Cash From Operating Activities		 0.05 0.05 1.40 0.81 -0.26 -0.71 0.28
Net Cash From Continuing Operating Activities		 0.35 0.22 0.58 -0.40 -0.26 -0.71 0.28
Net Income / (Loss) Continuing Operations		 0.02 -0.47 0.00 -0.61 -0.89 0.00 0.00
Depreciation Expense		 0.23 0.21 0.19 0.23 0.60 0.74 0.65
Amortization Expense		 0.01 0.01 0.01 0.06 0.01 0.01 0.00
Non-Cash Adjustments To Reconcile Net Income		 0.16 0.35 0.27 0.03 -0.06 -1.48 -0.22
Changes in Operating Assets and Liabilities, net		 -0.06 -0.05 0.12 -0.11 0.09 0.02 -0.15
Net Cash From Investing Activities		 0.22 -0.18 0.02 -0.21 4.71 -2.18 -1.06
Net Cash From Continuing Investing Activities		 0.35 -0.18 -0.15 -0.21 4.71 -2.18 -1.06
Purchase of Property, Plant & Equipment		 -0.07 0.00 -0.15 -0.21 -0.49 -0.49 -0.17
Acquisitions		 - - - 0.00 0.00 -0.94 0.00
Purchase of Investments		 - - - 0.00 -0.53 -2.42 -5.14
Sale of Property, Plant & Equipment		 0.30 - - - - 0.25 0.55
Sale and/or Maturity of Investments		 - - - 0.00 5.73 1.42 4.08
Other Investing Activities, net		 -0.02 -0.18 - 0.00 - 0.00 -0.38
Net Cash From Financing Activities		 0.16 -0.28 -0.36 10 -1.30 -0.45 -0.33
Net Cash From Continuing Financing Activities		 1.03 -0.28 -0.36 10 -1.30 -0.45 -0.33
Repayment of Debt		 - -0.28 -0.44 -3.35 -1.05 -0.30 -0.19
Repurchase of Common Equity		 -0.49 - - 0.00 -0.25 -0.01 -0.14
Other Financing Activities, net		 0.90 - - 0.00 - -0.14 0.00
Cash Interest Paid		 0.17 0.20 0.13 0.12 0.09 0.09 0.08

Quarterly Cash Flow Statements for BT Brands

This table details how cash moves in and out of BT Brands' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/30/2024 6/30/2024 9/29/2024 12/29/2024 3/30/2025 6/29/2025 9/28/2025 12/28/2025 3/29/2026 6/28/2026
Net Change in Cash & Equivalents		 8.37 0.26 -1.82 -0.36 -1.42 -0.88 0.07 0.72 -0.43 0.17 0.58
Net Cash From Operating Activities		 -0.74 -0.41 0.08 0.13 -0.52 -0.31 0.38 0.33 -0.12 -0.10 0.22
Net Cash From Continuing Operating Activities		 -0.55 0.48 -0.81 0.42 -0.80 -0.31 0.38 0.33 -0.12 -0.10 0.22
Net Income / (Loss) Continuing Operations		 -0.66 0.45 -0.96 0.52 - -0.33 0.06 0.27 - -0.75 0.58
Consolidated Net Income / (Loss)		 -0.66 0.45 -0.96 - - -0.33 0.06 - - -0.75 0.58
Depreciation Expense		 0.29 0.16 0.17 0.14 0.27 0.16 0.14 0.15 0.20 0.15 0.15
Amortization Expense		 -0.04 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00
Non-Cash Adjustments To Reconcile Net Income		 -0.20 0.04 -0.00 -0.46 -1.06 0.12 -0.02 0.37 -0.69 0.52 -0.48
Changes in Operating Assets and Liabilities, net		 0.06 -0.16 -0.02 0.22 -0.02 -0.25 0.21 -0.48 0.37 -0.02 -0.03
Net Cash From Investing Activities		 10 -0.06 -0.89 -0.71 -0.52 -0.53 -0.85 0.44 -0.13 0.32 0.37
Net Cash From Continuing Investing Activities		 10 -0.06 -0.89 -0.71 -0.52 -0.53 -0.26 0.44 -0.13 0.32 0.37
Purchase of Property, Plant & Equipment		 -0.13 -0.11 -0.03 -0.08 -0.27 -0.12 - -0.06 0.01 -0.04 -0.05
Purchase of Investments		 1.77 -5.37 5.25 -0.62 -1.67 -1.57 -0.57 -1.53 -0.89 -0.69 -0.51
Sale and/or Maturity of Investments		 5.73 5.42 -5.16 -0.02 1.18 1.19 0.51 1.59 0.79 1.14 1.07
Other Investing Activities, net		 - - - 0.01 - -0.06 -0.20 -0.07 -0.04 -0.09 -0.14
Net Cash From Financing Activities		 -1.25 -0.16 -0.12 -0.07 -0.10 -0.05 -0.05 -0.05 -0.18 -0.06 -0.01
Net Cash From Continuing Financing Activities		 -1.25 -0.16 -0.12 -0.07 -0.10 -0.05 -0.05 -0.05 -0.18 -0.06 -0.01
Repayment of Debt		 -0.93 -0.05 -0.05 -0.05 -0.16 -0.05 -0.05 -0.05 -0.04 -0.04 -0.05
Repurchase of Common Equity		 -0.25 - - - - 0.00 - - - -0.01 -0.01
Cash Interest Paid		 0.00 0.03 0.02 0.02 0.03 0.02 0.03 0.01 0.02 0.02 0.01

Annual Balance Sheets for BT Brands

This table presents BT Brands' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2021 2022 2023 2024 2025
Period end date 12/30/2018 12/29/2019 1/3/2021 1/2/2022 12/31/2023 12/29/2024 12/28/2025
Total Assets		 3.26 2.63 3.39 15 15 12 11
Total Current Assets		 0.79 0.34 1.41 13 7.23 5.00 5.90
Cash & Equivalents		 0.66 0.26 1.32 12 5.30 1.95 0.85
Short-Term Investments		 - - - 0.00 1.39 2.32 3.60
Accounts Receivable		 0.02 0.02 0.02 0.07 0.03 0.07 0.05
Inventories, net		 0.06 0.06 0.06 0.08 0.20 0.27 0.80
Prepaid Expenses		 0.01 0.01 0.01 0.03 0.05 0.12 0.02
Other Current Assets		 0.04 - - 0.00 0.26 0.27 0.57
Plant, Property, & Equipment, net		 2.05 1.65 1.63 1.59 3.25 3.34 2.46
Total Noncurrent Assets		 0.00 0.65 0.35 0.35 4.13 3.65 2.39
Goodwill		 - - - 0.00 0.67 0.80 0.80
Intangible Assets		 - - - 0.00 0.40 0.37 0.31
Other Noncurrent Operating Assets		 - 0.47 0.35 0.35 2.14 2.19 1.29
Total Liabilities & Shareholders' Equity		 3.26 2.63 3.39 15 15 12 11
Total Liabilities		 4.31 4.13 4.09 3.88 5.42 5.03 4.33
Total Current Liabilities		 0.73 0.81 1.03 0.93 1.55 1.44 1.22
Short-Term Debt		 0.25 0.28 0.25 0.17 0.18 0.19 0.19
Accounts Payable		 0.29 0.32 0.27 0.29 0.56 0.61 0.25
Accrued Expenses		 0.17 0.21 0.42 0.25 0.48 0.37 0.42
Other Current Liabilities		 - - - 0.00 0.33 0.27 0.36
Total Noncurrent Liabilities		 3.56 3.32 3.06 2.95 3.87 3.59 3.11
Long-Term Debt		 3.52 3.22 2.94 2.83 2.27 2.09 1.90
Other Noncurrent Operating Liabilities		 - - - 0.00 1.60 1.50 1.21
Total Equity & Noncontrolling Interests		 -1.04 -1.49 -0.70 11 9.19 6.97 6.42
Total Preferred & Common Equity		 -1.04 -1.49 -0.70 11 9.19 6.97 6.42
Preferred Stock		 0.00 0.00 - 0.00 0.00 0.00 0.00
Total Common Equity		 -1.04 -1.49 -0.70 11 9.19 6.97 6.42
Common Stock		 0.49 0.51 0.51 11 12 12 12
Retained Earnings		 -1.53 -2.00 -1.21 -0.60 -2.05 -4.36 -5.05
Treasury Stock		 - - - 0.00 -0.36 -0.50 -0.50

Quarterly Balance Sheets for BT Brands

This table presents BT Brands' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2024 6/30/2024 9/29/2024 3/30/2025 6/29/2025 9/28/2025 3/29/2026 6/28/2026
Total Assets		 14 14 14 11 11 12 9.98 10
Total Current Assets		 6.70 5.91 5.73 4.46 5.55 6.63 5.24 5.75
Cash & Equivalents		 4.67 3.74 3.09 1.07 0.56 1.28 1.01 1.59
Short-Term Investments		 1.46 1.50 1.97 2.75 2.97 3.46 2.63 2.83
Accounts Receivable		 0.01 0.03 0.05 0.04 0.03 0.05 0.02 0.02
Inventories, net		 0.23 0.30 0.29 0.24 0.54 0.56 0.80 0.63
Prepaid Expenses		 0.08 0.09 0.08 0.11 0.07 0.11 0.10 0.08
Other Current Assets		 0.26 0.26 0.26 0.26 0.68 0.42 0.59 0.59
Plant, Property, & Equipment, net		 3.23 3.77 3.70 3.28 2.73 2.64 2.36 2.27
Total Noncurrent Assets		 4.07 4.35 4.25 3.26 2.93 2.67 2.38 2.46
Goodwill		 0.67 0.80 0.80 0.80 0.80 0.80 0.80 0.80
Intangible Assets		 0.37 0.44 0.42 0.35 0.33 0.32 0.29 0.28
Other Noncurrent Operating Assets		 2.71 2.77 2.68 1.95 1.71 1.55 1.28 1.38
Total Liabilities & Shareholders' Equity		 14 14 14 11 11 12 9.98 10
Total Liabilities		 5.20 5.32 5.18 4.34 4.43 4.21 4.30 4.14
Total Current Liabilities		 1.42 1.49 1.46 0.97 1.19 0.97 1.27 1.29
Short-Term Debt		 0.17 0.16 0.17 0.16 0.19 0.20 0.20 0.20
Accounts Payable		 0.63 0.61 0.59 0.28 0.43 0.19 0.33 0.27
Accrued Expenses		 0.40 0.45 0.42 0.35 0.38 0.28 0.40 0.41
Other Current Liabilities		 0.21 0.26 0.28 0.18 0.19 0.30 0.35 0.40
Total Noncurrent Liabilities		 3.79 3.83 3.72 3.37 3.24 3.24 3.02 2.85
Long-Term Debt		 2.24 2.20 2.15 2.07 1.99 1.93 1.85 1.80
Other Noncurrent Operating Liabilities		 1.55 1.63 1.57 1.30 1.25 1.31 1.17 1.05
Total Equity & Noncontrolling Interests		 8.80 8.71 8.50 6.67 6.78 7.72 5.68 6.35
Total Preferred & Common Equity		 8.80 8.71 8.50 6.67 6.78 7.72 5.68 6.35
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 8.80 8.71 8.50 6.67 6.78 7.72 5.68 6.35
Common Stock		 12 12 12 12 12 12 12 12
Retained Earnings		 -2.50 -2.57 -2.79 -4.69 -4.64 -3.72 -5.80 -5.22
Other Equity Adjustments		 - - - - - - - -0.50

Annual Metrics And Ratios for BT Brands

This table displays calculated financial ratios and metrics derived from BT Brands' official financial filings.

Metric 2018 2019 2021 2022 2023 2024 2025
Period end date 12/30/2018 12/29/2019 1/3/2021 1/2/2022 12/29/2023 12/29/2024 12/28/2025
DEI Shares Outstanding		 0.00 0.00 8,095,004.00 6,447,506.00 6,246,118.00 6,171,937.00 6,154,724.00
DEI Adjusted Shares Outstanding		 0.00 0.00 8,095,004.00 6,447,506.00 6,246,118.00 6,171,937.00 6,154,724.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 0.26 0.09 -0.14 -0.37 -0.11
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% -8.10% 0.00% 3.58% 66.55% 5.31% -9.02%
EBITDA Growth		 0.00% -133.21% 0.00% -49.38% -151.49% -77.70% 129.41%
EBIT Growth		 0.00% -272.73% 0.00% -57.68% -228.35% -51.88% 83.76%
NOPAT Growth		 0.00% -280.22% 0.00% -53.58% -201.75% -70.83% 80.10%
Net Income Growth		 0.00% -2,342.84% 0.00% -71.24% -245.98% -160.46% 70.24%
EPS Growth		 0.00% 0.00% 0.00% -30.00% -200.00% -164.29% 70.27%
Operating Cash Flow Growth		 0.00% 2.80% 0.00% -41.76% -131.79% -175.71% 139.93%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% -672.12% 54.00% 120.01%
Invested Capital Growth		 0.00% 5.60% 0.00% 7.32% 239.61% 10.30% -12.84%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 8.77% 1.31% -3.93%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -713.71% -108.93% 91.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -306.02% -48.99% 43.18%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -245.98% -11.34% 36.06%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -68.75% -115.58% 26.51%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -40.00% -131.25% 21.43%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% -13.40% -170.49% 24.13% 330.48%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -717.46% 35.90%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -41.25% -19.14% -20.54%
Profitability Metrics		 - - - - - - -
Gross Margin		 28.06% 27.25% 33.49% 32.93% 21.46% 20.84% 28.78%
EBITDA Margin		 6.29% -2.27% 30.79% 15.05% -4.65% -7.85% 2.54%
Operating Margin		 3.42% -5.76% 22.68% 11.60% -7.62% -12.36% -2.70%
EBIT Margin		 3.00% -5.63% 28.40% 11.60% -8.94% -12.90% -2.30%
Profit (Net Income) Margin		 0.30% -7.20% 25.90% 7.19% -6.30% -15.59% -5.10%
Tax Burden Percent		 60.25% 82.06% 229.22% 75.24% 85.95% 109.79% 100.00%
Interest Burden Percent		 16.33% 155.72% 39.78% 82.37% 82.02% 110.11% 221.53%
Effective Tax Rate		 39.75% 0.00% 14.10% 24.76% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 8.77% -15.38% 136.96% 61.33% -27.42% -28.83% -5.84%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.16% -22.29% 165.07% 64.79% -25.52% -0.49% 12.76%
Return on Net Nonoperating Assets (RNNOA)		 -10.77% 52.18% -437.87% -49.08% 18.47% 0.22% -4.43%
Return on Equity (ROE)		 -2.00% 36.80% -300.91% 12.25% -8.96% -28.61% -10.28%
Cash Return on Invested Capital (CROIC)		 0.00% -20.83% 0.00% 54.27% -136.43% -38.63% 7.87%
Operating Return on Assets (OROA)		 6.47% -12.38% 68.38% 10.96% -8.65% -14.37% -2.73%
Return on Assets (ROA)		 0.64% -15.82% 62.36% 6.79% -6.10% -17.37% -6.05%
Return on Common Equity (ROCE)		 -2.00% 36.80% -300.91% 12.25% -8.96% -28.61% -10.28%
Return on Equity Simple (ROE_SIMPLE)		 -2.00% 31.22% -300.91% 5.72% -9.66% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 0.15 -0.26 1.59 0.74 -0.75 -1.28 -0.26
NOPAT Margin		 2.06% -4.03% 19.48% 8.73% -5.33% -8.65% -1.89%
Net Nonoperating Expense Percent (NNEP)		 4.61% 6.91% -28.10% -3.46% -1.90% -28.35% -18.61%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - -6.45% -13.88% -3.00%
Cost of Revenue to Revenue		 71.94% 72.75% 66.51% 67.07% 78.54% 79.16% 71.22%
SG&A Expenses to Revenue		 11.64% 14.11% 13.65% 10.49% 17.71% 17.90% 17.37%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 17.12% 33.02% 10.81% 21.32% 29.08% 33.20% 31.48%
Earnings before Interest and Taxes (EBIT)		 0.21 -0.37 2.32 0.98 -1.26 -1.91 -0.31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 0.44 -0.15 2.51 1.27 -0.65 -1.16 0.34
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 1.79 1.70 1.41 1.38
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 1.79 1.92 1.69 1.67
Price to Revenue (P/Rev)		 1.70 1.85 0.00 2.25 1.11 0.66 0.66
Price to Earnings (P/E)		 12.87 0.00 0.00 31.32 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 7.77% 0.00% 0.00% 3.19% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 9.14 8.73 0.00 7.75 2.52 1.61 1.60
Enterprise Value to Revenue (EV/Rev)		 2.14 2.35 0.00 1.14 0.76 0.51 0.48
Enterprise Value to EBITDA (EV/EBITDA)		 34.09 0.00 0.00 7.59 0.00 0.00 19.03
Enterprise Value to EBIT (EV/EBIT)		 71.46 0.00 0.00 9.84 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 104.12 0.00 0.00 13.08 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 307.58 301.86 0.00 11.86 0.00 0.00 22.86
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 14.78 0.00 0.00 18.94
Leverage & Solvency		 - - - - - - -
Debt to Equity		 -3.62 -2.34 -4.53 0.28 0.27 0.33 0.33
Long-Term Debt to Equity		 -3.38 -2.16 -4.18 0.27 0.25 0.30 0.30
Financial Leverage		 -2.59 -2.34 -2.65 -0.76 -0.72 -0.45 -0.35
Leverage Ratio		 -3.14 -2.33 -4.83 1.80 1.47 1.65 1.70
Compound Leverage Factor		 -0.51 -3.62 -1.92 1.49 1.21 1.81 3.76
Debt to Total Capital		 138.15% 174.55% 128.30% 22.03% 21.07% 24.63% 24.57%
Short-Term Debt to Total Capital		 9.32% 13.85% 9.88% 1.25% 1.57% 2.00% 2.25%
Long-Term Debt to Total Capital		 128.83% 160.70% 118.41% 20.78% 19.50% 22.63% 22.32%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 -38.15% -74.55% -28.30% 77.97% 78.93% 75.37% 75.43%
Debt to EBITDA		 8.51 -23.77 1.27 2.36 -3.75 -1.96 6.11
Net Debt to EBITDA		 7.01 -22.02 0.74 -7.38 7.57 1.98 -6.87
Long-Term Debt to EBITDA		 7.93 -21.89 1.17 2.23 -3.47 -1.80 5.55
Debt to NOPAT		 25.99 -13.38 2.00 4.07 -3.27 -1.77 -8.19
Net Debt to NOPAT		 21.41 -12.39 1.17 -12.72 6.60 1.79 9.21
Long-Term Debt to NOPAT		 24.23 -12.32 1.85 3.84 -3.02 -1.63 -7.44
Altman Z-Score		 3.41 2.47 0.00 4.66 2.68 1.73 2.25
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - -
Current Ratio		 1.08 0.42 1.36 13.58 4.66 3.46 4.84
Quick Ratio		 0.93 0.34 1.30 13.46 4.34 3.01 3.69
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -0.35 0.00 0.65 -3.74 -1.72 0.34
Operating Cash Flow to CapEx		 0.00% 0.00% 905.01% 391.48% -52.99% -292.34% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 -1.70 0.00 3.78 -38.27 -17.25 4.21
Operating Cash Flow to Interest Expense		 0.28 0.24 7.86 4.71 -2.65 -7.16 3.49
Operating Cash Flow Less CapEx to Interest Expense		 1.60 0.24 6.99 3.51 -7.65 -9.61 8.11
Efficiency Ratios		 - - - - - - -
Asset Turnover		 2.16 2.20 2.41 0.94 0.97 1.11 1.19
Accounts Receivable Turnover		 348.38 364.04 428.79 185.18 278.78 301.92 217.59
Inventory Turnover		 86.60 81.98 89.59 80.94 78.73 49.52 17.84
Fixed Asset Turnover		 3.44 3.50 5.00 5.24 5.82 4.50 4.65
Accounts Payable Turnover		 17.57 15.44 20.06 20.16 26.10 20.10 22.41
Days Sales Outstanding (DSO)		 1.05 1.00 0.85 1.97 1.31 1.21 1.68
Days Inventory Outstanding (DIO)		 4.22 4.45 4.07 4.51 4.64 7.37 20.46
Days Payable Outstanding (DPO)		 20.77 23.63 18.19 18.11 13.99 18.16 16.29
Cash Conversion Cycle (CCC)		 -15.51 -18.18 -13.27 -11.63 -8.04 -9.58 5.85
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 1.65 1.75 1.16 1.25 4.23 4.67 4.07
Invested Capital Turnover		 4.26 3.81 7.03 7.02 5.14 3.33 3.09
Increase / (Decrease) in Invested Capital		 0.00 0.09 0.00 0.08 2.98 0.44 -0.60
Enterprise Value (EV)		 15 15 0.00 9.65 11 7.50 6.51
Market Capitalization		 12 12 0.00 19 16 9.80 8.86
Book Value per Share		 ($0.14) ($0.37) ($0.09) $1.65 $1.47 $1.13 $1.04
Tangible Book Value per Share		 ($0.14) ($0.37) ($0.09) $1.65 $1.30 $0.94 $0.86
Total Capital		 2.73 2.00 2.48 14 12 9.24 8.51
Total Debt		 3.77 3.50 3.18 3.00 2.45 2.28 2.09
Total Long-Term Debt		 3.52 3.22 2.94 2.83 2.27 2.09 1.90
Net Debt		 3.11 3.24 1.86 -9.38 -4.96 -2.30 -2.35
Capital Expenditures (CapEx)		 -0.23 0.00 0.15 0.21 0.49 0.24 -0.38
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.35 -0.45 -0.70 -0.58 -0.83 -0.53 0.43
Debt-free Net Working Capital (DFNWC)		 0.31 -0.19 0.62 12 5.86 3.74 4.87
Net Working Capital (NWC)		 0.06 -0.47 0.37 12 5.68 3.56 4.68
Net Nonoperating Expense (NNE)		 0.12 0.21 -0.52 0.13 0.14 1.03 0.43
Net Nonoperating Obligations (NNO)		 2.69 3.24 1.86 -9.38 -4.96 -2.30 -2.35
Total Depreciation and Amortization (D&A)		 0.23 0.22 0.19 0.29 0.60 0.75 0.65
Debt-free, Cash-free Net Working Capital to Revenue		 -4.97% -6.98% -8.63% -6.82% -5.90% -3.57% 3.19%
Debt-free Net Working Capital to Revenue		 4.44% -3.00% 7.56% 139.72% 41.64% 25.24% 36.12%
Net Working Capital to Revenue		 0.83% -7.28% 4.56% 137.71% 40.34% 23.99% 34.70%
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.20 $0.14 $0.00 ($0.37) $0.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 4.05M 6.46M 0.00 6.15M 6.15M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.20 $0.14 $0.00 ($0.37) ($0.11)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 4.05M 6.46M 0.00 6.15M 6.15M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.20 $0.14 $0.00 ($0.37) $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 4.05M 4.38M 0.00 6.19M 6.15M
Normalized Net Operating Profit after Tax (NOPAT)		 0.24 -0.20 1.75 0.74 -0.97 -1.20 -0.27
Normalized NOPAT Margin		 3.41% -3.03% 21.49% 8.73% -6.88% -8.08% -2.03%
Pre Tax Income Margin		 0.49% -8.77% 11.30% 9.56% -7.33% -14.20% -5.10%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 1.19 -1.76 13.04 5.67 -12.90 -19.19 -3.80
NOPAT to Interest Expense		 0.82 -1.26 8.94 4.27 -7.69 -12.88 -3.13
EBIT Less CapEx to Interest Expense		 2.51 -1.76 12.17 4.47 -17.90 -21.64 0.82
NOPAT Less CapEx to Interest Expense		 2.14 -1.26 8.07 3.07 -12.70 -15.33 1.50
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 -142.15% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 2,224.17% 0.00% 0.00% 0.00% -28.23% -0.43% -20.42%

Quarterly Metrics And Ratios for BT Brands

This table displays calculated financial ratios and metrics derived from BT Brands' official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/29/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024 3/30/2025 6/29/2025 9/28/2025 12/28/2025 3/29/2026 6/28/2026
DEI Shares Outstanding		 6,246,118.00 6,246,118.00 6,246,118.00 6,195,682.00 6,171,937.00 6,154,724.00 6,154,724.00 6,154,724.00 6,154,724.00 6,154,724.00 6,184,724.00
DEI Adjusted Shares Outstanding		 6,246,118.00 6,246,118.00 6,246,118.00 6,195,682.00 6,171,937.00 6,154,724.00 6,154,724.00 6,154,724.00 6,154,724.00 6,154,724.00 6,184,724.00
DEI Earnings Per Adjusted Shares Outstanding		 0.05 -0.07 -0.02 -0.01 -0.27 -0.05 0.01 0.16 -0.23 -0.12 0.09
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 61.42% 3.89% 2.77% 8.07% 6.44% 1.28% -8.05% -11.39% -17.38% -11.99% -6.05%
EBITDA Growth		 -619.08% -2,696.35% 290.48% 172.24% -160.37% 87.33% 89.03% 1,001.07% -25.59% -968.49% 206.53%
EBIT Growth		 -5,650.93% -237.51% 84.49% 97.48% -100.25% 64.85% 356.44% 29,005.51% -14.27% -254.32% 484.54%
NOPAT Growth		 -6,750.22% -151.57% -137.02% -934.20% -24.84% 53.68% 43.08% 1,499.87% 21.92% 20.32% 256.02%
Net Income Growth		 -1,470.57% -214.35% 70.07% -25.48% -367.76% 25.99% 178.67% 516.89% 15.74% -127.68% 947.47%
EPS Growth		 0.00% -250.00% 75.00% 0.00% -525.00% 28.57% 200.00% 475.00% 12.00% -140.00% 800.00%
Operating Cash Flow Growth		 -533.25% 13.79% -77.24% -78.32% 30.52% 24.98% 365.86% 151.55% 77.16% 68.17% -44.03%
Free Cash Flow Firm Growth		 0.00% -18.06% 81.34% 122.19% 68.89% 98.67% 155.77% 0.68% 107.90% 2,110.47% 258.21%
Invested Capital Growth		 239.61% 67.64% 12.23% -19.86% 10.30% -3.37% -8.62% -11.30% -12.84% -16.91% -26.56%
Revenue Q/Q Growth		 -25.89% 6.98% 28.85% 5.79% -27.02% 1.80% 16.98% 1.96% -31.96% 8.45% 24.87%
EBITDA Q/Q Growth		 -97.82% -18.61% 129.40% 4.73% -813.00% 94.23% 538.60% 510.02% -181.32% 50.89% 225.83%
EBIT Q/Q Growth		 -234.21% 2.63% 93.32% 88.39% -26,420.34% 82.91% 148.75% 1,208.25% -204.84% 47.01% 180.43%
NOPAT Q/Q Growth		 -8,454.93% 16.03% 70.11% 60.22% -1,150.38% 68.85% 63.27% 1,078.48% -169.74% 68.21% 171.92%
Net Income Q/Q Growth		 -92.64% -32.28% 84.31% -213.76% -618.10% 79.07% 116.68% 1,562.65% -245.14% 43.45% 176.75%
EPS Q/Q Growth		 0.00% -75.00% 85.71% -300.00% -525.00% 80.00% 120.00% 1,400.00% -246.67% 45.45% 175.00%
Operating Cash Flow Q/Q Growth		 -224.66% 44.99% 120.18% 56.68% -499.49% 40.60% 225.31% -15.40% -136.26% 17.19% 320.32%
Free Cash Flow Firm Q/Q Growth		 43.46% 29.04% 69.16% 279.31% -179.27% 96.96% 1,391.50% 223.72% -93.78% 672.63% 130.11%
Invested Capital Q/Q Growth		 -41.25% 20.08% 14.99% -1.21% -19.14% 5.19% 8.75% -4.11% -20.54% 0.28% -3.88%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 33.44% 16.44% 24.18% 25.01% 15.23% 25.16% 30.58% 35.99% 20.04% 27.05% 32.74%
EBITDA Margin		 -12.69% -14.06% 3.21% 3.18% -31.03% -1.76% 6.60% 39.47% -47.17% -21.36% 21.53%
Operating Margin		 -25.19% -19.77% -4.59% -1.72% -29.55% -9.04% -1.99% 19.07% -27.93% -8.19% 3.30%
EBIT Margin		 -21.03% -19.14% -0.99% -0.11% -39.57% -6.64% 2.77% 35.52% -54.72% -26.74% 17.22%
Profit (Net Income) Margin		 -11.30% -13.97% -1.70% -5.05% -49.66% -10.21% 1.46% 23.74% -50.64% -26.41% 16.23%
Tax Burden Percent		 84.25% 79.14% 84.84% 94.00% 128.55% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 63.78% 92.24% 202.10% 4,930.92% 97.64% 153.71% 52.60% 66.85% 92.55% 98.77% 94.26%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -90.67% -48.46% -8.32% -2.72% -68.93% -18.84% -5.17% 49.18% -60.38% -16.71% 9.18%
ROIC Less NNEP Spread (ROIC-NNEP)		 -93.30% -48.39% -10.02% 2.74% -43.59% -14.26% -11.20% 42.44% -25.31% 18.26% -14.53%
Return on Net Nonoperating Assets (RNNOA)		 67.52% 28.34% 3.98% -0.88% 19.58% 5.05% 3.12% -13.96% 8.79% -4.97% 4.29%
Return on Equity (ROE)		 -23.15% -20.12% -4.34% -3.60% -49.35% -13.79% -2.05% 35.22% -51.58% -21.68% 13.46%
Cash Return on Invested Capital (CROIC)		 -136.43% -75.62% -31.31% 4.29% -38.63% -17.50% -8.28% 4.65% 7.87% 13.72% 28.92%
Operating Return on Assets (OROA)		 -20.33% -18.47% -0.97% -0.11% -44.09% -7.90% 3.19% 38.92% -64.90% -33.39% 20.43%
Return on Assets (ROA)		 -10.93% -13.49% -1.67% -4.99% -55.33% -12.14% 1.68% 26.02% -60.07% -32.97% 19.26%
Return on Common Equity (ROCE)		 -23.15% -20.12% -4.34% -3.60% -49.35% -13.79% -2.05% 35.22% -51.58% -21.68% 13.46%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -13.54% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.53 -0.44 -0.13 -0.05 -0.66 -0.20 -0.08 0.74 -0.51 -0.16 0.12
NOPAT Margin		 -17.64% -13.84% -3.21% -1.21% -20.69% -6.33% -1.99% 19.07% -19.55% -5.73% 3.30%
Net Nonoperating Expense Percent (NNEP)		 2.64% -0.07% 1.71% -5.46% -25.34% -4.58% 6.04% 6.74% -35.07% -34.97% 23.71%
Return On Investment Capital (ROIC_SIMPLE)		 -4.52% -3.94% -1.19% -0.49% -7.10% -2.30% -0.84% 7.46% -6.02% -2.11% 1.40%
Cost of Revenue to Revenue		 66.56% 83.56% 75.82% 74.99% 84.77% 74.84% 69.42% 64.01% 79.96% 72.95% 67.26%
SG&A Expenses to Revenue		 28.99% 20.64% 16.22% 14.11% 22.53% 19.78% 20.75% 10.64% 19.40% 19.22% 15.95%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 37.60% 36.22% 28.76% 26.73% 44.78% 34.20% 32.57% 16.92% 47.96% 35.24% 29.43%
Earnings before Interest and Taxes (EBIT)		 -0.63 -0.61 -0.04 -0.00 -1.26 -0.21 0.10 1.37 -1.43 -0.76 0.61
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.38 -0.45 0.13 0.14 -0.98 -0.06 0.25 1.52 -1.24 -0.61 0.76
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.70 1.17 1.14 1.22 1.41 1.23 1.21 1.50 1.38 1.80 1.02
Price to Tangible Book Value (P/TBV)		 1.92 1.33 1.33 1.42 1.69 1.49 1.45 1.75 1.67 2.22 1.23
Price to Revenue (P/Rev)		 1.11 0.73 0.70 0.71 0.66 0.55 0.56 0.82 0.66 0.78 0.50
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 2.52 1.30 1.21 1.32 1.61 1.31 1.26 1.75 1.60 2.11 1.04
Enterprise Value to Revenue (EV/Rev)		 0.76 0.46 0.50 0.52 0.51 0.43 0.46 0.64 0.48 0.66 0.32
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 50.03 19.03 0.00 13.26
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22.86 17.43 12.52
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 27.47 0.00 0.00 0.00 35.44 18.94 13.97 3.04
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.27 0.27 0.27 0.27 0.33 0.33 0.32 0.28 0.33 0.36 0.31
Long-Term Debt to Equity		 0.25 0.25 0.25 0.25 0.30 0.31 0.29 0.25 0.30 0.33 0.28
Financial Leverage		 -0.72 -0.59 -0.40 -0.32 -0.45 -0.35 -0.28 -0.33 -0.35 -0.27 -0.30
Leverage Ratio		 1.47 1.50 1.59 1.55 1.65 1.62 1.63 1.58 1.70 1.70 1.65
Compound Leverage Factor		 0.94 1.39 3.22 76.49 1.61 2.49 0.86 1.06 1.57 1.68 1.56
Debt to Total Capital		 21.07% 21.50% 21.36% 21.44% 24.63% 25.07% 24.35% 21.64% 24.57% 26.49% 23.94%
Short-Term Debt to Total Capital		 1.57% 1.53% 1.48% 1.57% 2.00% 1.76% 2.13% 2.07% 2.25% 2.57% 2.40%
Long-Term Debt to Total Capital		 19.50% 19.97% 19.88% 19.87% 22.63% 23.31% 22.22% 19.58% 22.32% 23.93% 21.54%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 78.93% 78.50% 78.64% 78.56% 75.37% 74.93% 75.65% 78.36% 75.43% 73.51% 76.06%
Debt to EBITDA		 -3.75 -2.22 -2.67 -4.17 -1.96 -2.89 -3.34 11.91 6.11 -9.83 6.52
Net Debt to EBITDA		 7.57 3.42 3.23 4.91 1.98 2.28 2.21 -14.54 -6.87 7.71 -7.92
Long-Term Debt to EBITDA		 -3.47 -2.06 -2.48 -3.86 -1.80 -2.69 -3.04 10.77 5.55 -8.88 5.86
Debt to NOPAT		 -3.27 -2.37 -2.16 -2.02 -1.77 -2.13 -2.26 -5.35 -8.19 -9.59 -25.29
Net Debt to NOPAT		 6.60 3.66 2.62 2.37 1.79 1.68 1.50 6.53 9.21 7.51 30.73
Long-Term Debt to NOPAT		 -3.02 -2.20 -2.01 -1.87 -1.63 -1.98 -2.06 -4.84 -7.44 -8.66 -22.76
Altman Z-Score		 2.82 2.26 2.25 2.36 1.91 2.21 2.32 3.33 1.91 2.15 2.18
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.66 4.74 3.96 3.94 3.46 4.60 4.67 6.80 4.84 4.11 4.48
Quick Ratio		 4.34 4.34 3.52 3.50 3.01 3.98 3.58 5.68 3.69 2.94 3.46
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -3.51 -2.49 -0.77 1.38 -1.09 -0.03 0.43 1.39 0.09 0.67 1.53
Operating Cash Flow to CapEx		 -562.90% -363.72% 286.56% 163.99% -2,148.90% -341.33% 0.00% 0.00% 0.00% -243.44% 406.98%
Free Cash Flow to Firm to Interest Expense		 -249.68 -90.63 -34.07 61.09 -40.43 -1.54 21.92 84.66 3.58 31.11 80.65
Operating Cash Flow to Interest Expense		 -52.86 -14.87 3.66 5.73 -19.11 -14.23 19.66 19.85 -4.89 -4.55 11.30
Operating Cash Flow Less CapEx to Interest Expense		 -62.25 -18.96 2.38 2.24 -20.00 -18.40 19.66 47.45 -4.27 -6.43 8.53
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.97 0.97 0.98 0.99 1.11 1.19 1.15 1.10 1.19 1.25 1.19
Accounts Receivable Turnover		 278.78 975.91 449.03 273.51 301.92 610.52 472.61 280.15 217.59 499.36 505.65
Inventory Turnover		 78.73 69.29 46.09 50.13 49.52 49.46 26.19 23.92 17.84 17.80 15.43
Fixed Asset Turnover		 5.82 5.04 4.06 4.04 4.50 4.57 4.47 4.43 4.65 4.64 5.14
Accounts Payable Turnover		 26.10 21.74 18.09 23.38 20.10 25.25 21.00 26.34 22.41 30.50 25.47
Days Sales Outstanding (DSO)		 1.31 0.37 0.81 1.33 1.21 0.60 0.77 1.30 1.68 0.73 0.72
Days Inventory Outstanding (DIO)		 4.64 5.27 7.92 7.28 7.37 7.38 13.94 15.26 20.46 20.51 23.65
Days Payable Outstanding (DPO)		 13.99 16.79 20.17 15.61 18.16 14.45 17.38 13.86 16.29 11.97 14.33
Cash Conversion Cycle (CCC)		 -8.04 -11.15 -11.44 -7.00 -9.58 -6.48 -2.67 2.71 5.85 9.27 10.05
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 4.23 5.08 5.84 5.77 4.67 4.91 5.34 5.12 4.07 4.08 3.92
Invested Capital Turnover		 5.14 3.50 2.59 2.26 3.33 2.98 2.60 2.58 3.09 2.92 2.78
Increase / (Decrease) in Invested Capital		 2.98 2.05 0.64 -1.43 0.44 -0.17 -0.50 -0.65 -0.60 -0.83 -1.42
Enterprise Value (EV)		 11 6.59 7.08 7.64 7.50 6.45 6.74 8.96 6.51 8.61 4.07
Market Capitalization		 16 10 9.95 10 9.80 8.21 8.19 12 8.86 10 6.49
Book Value per Share		 $1.47 $1.41 $1.39 $1.37 $1.13 $1.08 $1.10 $1.26 $1.04 $0.92 $1.03
Tangible Book Value per Share		 $1.30 $1.24 $1.20 $1.18 $0.94 $0.89 $0.92 $1.07 $0.86 $0.75 $0.85
Total Capital		 12 11 11 11 9.24 8.90 8.97 9.86 8.51 7.73 8.35
Total Debt		 2.45 2.41 2.37 2.32 2.28 2.23 2.18 2.13 2.09 2.05 2.00
Total Long-Term Debt		 2.27 2.24 2.20 2.15 2.09 2.07 1.99 1.93 1.90 1.85 1.80
Net Debt		 -4.96 -3.72 -2.87 -2.73 -2.30 -1.76 -1.45 -2.61 -2.35 -1.61 -2.43
Capital Expenditures (CapEx)		 0.13 0.11 0.03 0.08 0.02 0.09 0.00 -0.45 -0.01 0.04 0.05
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.83 -0.67 -0.65 -0.61 -0.53 -0.17 1.02 1.12 0.43 0.52 0.24
Debt-free Net Working Capital (DFNWC)		 5.86 5.46 4.58 4.45 3.74 3.65 4.56 5.86 4.87 4.16 4.67
Net Working Capital (NWC)		 5.68 5.29 4.42 4.28 3.56 3.49 4.36 5.66 4.68 3.97 4.47
Net Nonoperating Expense (NNE)		 -0.19 0.00 -0.06 0.17 0.92 0.13 -0.13 -0.18 0.82 0.59 -0.46
Net Nonoperating Obligations (NNO)		 -4.96 -3.72 -2.87 -2.73 -2.30 -1.76 -1.45 -2.61 -2.35 -1.61 -2.43
Total Depreciation and Amortization (D&A)		 0.25 0.16 0.17 0.14 0.27 0.16 0.14 0.15 0.20 0.15 0.15
Debt-free, Cash-free Net Working Capital to Revenue		 -5.90% -4.70% -4.53% -4.16% -3.57% -1.16% 7.05% 8.00% 3.19% 3.97% 1.87%
Debt-free Net Working Capital to Revenue		 41.64% 38.46% 32.03% 30.39% 25.24% 24.53% 31.34% 41.76% 36.12% 31.79% 36.26%
Net Working Capital to Revenue		 40.34% 37.25% 30.89% 29.23% 23.99% 23.48% 30.02% 40.31% 34.70% 30.28% 34.70%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.04) $0.00 ($0.01) $0.00 $0.00 ($0.05) $0.01 $0.15 $0.00 $0.00 $0.09
Adjusted Weighted Average Basic Shares Outstanding		 6.26M 0.00 6.20M 0.00 6.19M 6.15M 6.15M 6.15M 6.15M 6.18M 6.17M
Adjusted Diluted Earnings per Share		 ($0.04) $0.00 ($0.01) $0.00 ($0.25) ($0.05) $0.01 $0.15 ($0.22) ($0.12) $0.09
Adjusted Weighted Average Diluted Shares Outstanding		 6.26M 0.00 6.20M 0.00 6.19M 6.15M 6.15M 6.16M 6.15M 6.15M 6.18M
Adjusted Basic & Diluted Earnings per Share		 ($0.04) $0.00 ($0.01) $0.00 $0.00 ($0.05) $0.01 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 6.26M 0.00 6.24M 0.00 6.19M 6.15M 6.15M 6.15M 6.15M 6.18M 6.18M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.96 -0.44 -0.13 -0.03 -0.66 -0.20 -0.05 0.34 -0.51 -0.16 0.08
Normalized NOPAT Margin		 -32.28% -13.84% -3.21% -0.72% -20.69% -6.33% -1.39% 8.95% -19.55% -5.73% 2.31%
Pre Tax Income Margin		 -13.41% -17.65% -2.01% -5.37% -38.63% -10.21% 1.46% 23.74% -50.64% -26.41% 16.23%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -44.60 -22.21 -1.81 -0.21 -46.48 -9.96 5.35 83.53 -59.46 -35.46 32.13
NOPAT to Interest Expense		 -37.40 -16.06 -5.85 -2.33 -24.30 -9.49 -3.84 44.86 -21.24 -7.60 6.16
EBIT Less CapEx to Interest Expense		 -53.99 -26.30 -3.09 -3.71 -47.37 -14.13 5.35 111.14 -58.85 -37.34 29.35
NOPAT Less CapEx to Interest Expense		 -46.79 -20.15 -7.13 -5.82 -25.19 -13.66 -3.84 72.47 -20.63 -9.47 3.38
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -28.23% 0.00% -7.42% 0.00% -0.43% 0.00% 3.19% 0.00% -20.42% -13.85% -27.00%

Financials Breakdown Chart

Key Financial Trends

BT Brands (NASDAQ: BTBD) showed a meaningful sequential improvement in the second quarter of 2026, but the company’s earnings remain heavily influenced by non-operating items and investment activity. Revenue increased to $3.55 million from $2.84 million in Q1 2026, while gross profit rose to $1.16 million from $769,000. Gross margin improved to approximately 32.7%, compared with 27.1% in Q1 and 30.6% in Q2 2025.

The company reported net income of $576,000, or $0.09 per diluted share, reversing a $751,000 loss, or $0.12 per share, in Q1 2026. However, the improvement was not entirely driven by core restaurant operations. Operating income was only $117,000, while other income contributed approximately $494,000. Investors should therefore distinguish between the quarterly profit and the underlying operating performance.

  • Sequential revenue and gross-profit recovery: Q2 2026 revenue increased approximately 25% from Q1, and gross profit climbed approximately 51%, suggesting improved sales and/or cost performance compared with the prior quarter.
  • Return to positive operating income: Operating income improved from a $233,000 loss in Q1 2026 to $117,000 of income in Q2, marking BT Brands’ strongest operating result among the latest reported quarters.
  • Positive operating cash flow: BT Brands generated $215,000 of operating cash flow in Q2 2026, compared with an outflow of $98,000 in Q1. This indicates that the business was able to convert its quarterly activity into some cash generation.
  • Improved liquidity: Cash and short-term investments totaled approximately $4.43 million at the end of Q2 2026, up from $3.64 million in Q1 and $3.53 million in Q2 2025.
  • Lower debt burden: Total short- and long-term debt declined to approximately $2.00 million from $2.24 million in Q2 2025. Based only on cash, short-term investments and reported debt, BT Brands had approximately $2.43 million of net cash.
  • Strong current-position coverage: Current assets of $5.75 million substantially exceeded current liabilities of $1.29 million at the end of Q2 2026, providing a current ratio of roughly 4.5.
  • Investment activity remains a major cash-flow driver: Q2 investing cash flow was positive $374,000 because $1.07 million of investments were sold or matured, partially offset by $506,000 of investment purchases and $53,000 of capital expenditures. This helped cash increase but may not be recurring operating cash flow.
  • Share count has been relatively stable: Weighted average diluted shares were approximately 6.18 million in Q2 2026, broadly consistent with recent quarters. The company also repurchased $5,000 of common stock during the quarter.
  • Revenue remains below the prior-year level: Q2 2026 revenue was approximately 6% lower than the restated Q2 2025 figure of $3.78 million. Revenue also declined sharply from $3.85 million in Q3 2025 to $2.62 million in Q4 2025 before recovering in 2026.
  • Profitability is not yet consistently core-driven: BT Brands recorded operating losses in Q1 2025, Q2 2025, Q3 2025 and Q4 2025, and Q1 2026. In Q2 2026, substantial other income was needed to lift pretax income above operating income, creating risk that reported earnings may be volatile.

Across the available quarters, BT Brands has demonstrated an uneven earnings pattern. The company reported losses in Q1 and Q2 2024, a loss in Q3 2024, a large loss in Q4 2024, and additional losses in Q1 and Q4 2025. Although Q3 2025 produced a reported profit, that result also included significant non-operating income. The recent Q2 2026 profit is encouraging, but investors would likely want to see several quarters of positive operating income before viewing the improvement as a durable trend.

The balance sheet has also become smaller since 2024. Total assets declined from $14.03 million at the end of Q2 2024 to $10.48 million at the end of Q2 2026, while shareholders’ equity fell from $8.71 million to $6.35 million. The company remains liquid and has reduced debt, but retained earnings were still negative at approximately $(5.22) million, reflecting accumulated losses.

Overall, the latest quarter presents a mixed but improving picture. BT Brands has stronger liquidity, lower debt, positive Q2 operating cash flow and a return to operating profitability. At the same time, year-over-year revenue remains lower, historical results have been volatile, and Q2 earnings benefited substantially from other income and investment-related cash movements. Retail investors should monitor whether revenue growth, operating margins and operating cash flow remain positive in subsequent quarters.

09/04/26 03:41 AM ETAI Generated. May Contain Errors.

BT Brands Financials - Frequently Asked Questions

According to the most recent income statement we have on file, BT Brands' financial year ends in December. Their financial year 2025 ended on December 28, 2025.

BT Brands' net income appears to be on an upward trend, with a most recent value of -$687.84 thousand in 2025, falling from $20.80 thousand in 2018. The previous period was -$2.31 million in 2024.

BT Brands' total operating income in 2025 was -$364.59 thousand, based on the following breakdown:
  • Total Gross Profit: $3.88 million
  • Total Operating Expenses: $4.25 million

Over the last 6 years, BT Brands' total revenue changed from $7.05 million in 2018 to $13.49 million in 2025, a change of 91.3%.

BT Brands' total liabilities were at $4.33 million at the end of 2025, a 14.0% decrease from 2024, and a 0.5% increase since 2018.

In the past 6 years, BT Brands' cash and equivalents has ranged from $258.10 thousand in 2019 to $12.39 million in 2022, and is currently $846.17 thousand as of their latest financial filing in 2025.

Over the last 6 years, BT Brands' book value per share changed from -0.14 in 2018 to 1.04 in 2025, a change of -822.7%.


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Financial statements for NASDAQ:BTBDW last updated on 9/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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