NASDAQ : BTBD
BT Brands, Inc. — Financial statements
Consumer Discretionary · Restaurants · United States
Last price 1.84 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 11.38M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
BT Brands, Inc. (BTBD) reported revenue of 12.87M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 12.87M | 13.49M | 14.82M | 14.08M | 12.60M | 8.45M |
| Cost of Revenue | 10.35M | 10.89M | 13.14M | 12.37M | 10.13M | 6.35M |
| Gross Profit | 2.52M | 2.60M | 1.69M | 1.71M | 2.47M | 2.10M |
| Selling, General & Admin | 1.15M | 1.46M | 1.69M | 1.65M | 1.63M | 416.79K |
| Other Operating Expenses | 893.76K | 878.12K | 962.29K | 841.89K | 780.56K | 469.82K |
| Operating Expenses | 2.70M | 2.99M | 3.40M | 3.09M | 2.86M | 1.12M |
| Operating Income | -171.64K | -391.82K | -1.71M | -1.38M | -391.16K | 980.71K |
| Interest Expense | -77.98K | -81.62K | -99.91K | -97.61K | -114.77K | -172.86K |
| Interest & Investment Income | 105.05K | 148.67K | 178.28K | 300.92K | 125.53K | |
| Earnings From Equity Investments | -124.48K | -304.44K | -415.08K | -347.08K | -194.81K | |
| Other Non Operating Income (Expenses) | -377.76K | -74.73K | 13.93K | 80.79K | -80.65K | |
| EBT Excluding Unusual Items | -646.82K | -703.94K | -2.03M | -1.45M | -655.86K | 807.85K |
| Gain (Loss) on Sale of Investments | 31.99K | -11.13K | 49.88K | 103.20K | -86.42K | |
| Gain (Loss) on Sale of Assets | 242.23K | 242.23K | 250.00K | 310.18K | ||
| Asset Writedown | -215.00K | -215.00K | -371.87K | |||
| Pretax Income | -587.60K | -687.84K | -2.11M | -1.03M | -742.28K | 807.85K |
| Income Tax Expense | 206.00K | -145.00K | -180.00K | 200.00K | ||
| Net Income | -587.60K | -687.84K | -2.31M | -887.37K | -562.28K | 607.85K |
| Net Income to Common | -587.60K | -687.84K | -2.31M | -887.37K | -562.28K | 607.85K |
| Shares Outstanding (Basic) | 6.16M | 6.15M | 6.19M | 6.26M | 6.46M | 4.38M |
| Shares Outstanding (Diluted) | 6.16M | 6.15M | 6.19M | 6.26M | 6.46M | 4.38M |
| EPS (Basic) | -0.10 | -0.11 | -0.37 | -0.14 | -0.09 | 0.14 |
| EPS (Diluted) | -0.10 | -0.11 | -0.37 | -0.14 | -0.09 | 0.14 |
| Free Cash Flow | 183.21K | 111.95K | -1.21M | -747.17K | -266.60K | 606.03K |
| Free Cash Flow Per Share | 0.03 | 0.02 | -0.20 | -0.12 | -0.04 | 0.14 |
| Gross Margin | 19.61% | 19.27% | 11.38% | 12.14% | 19.62% | 24.86% |
| Operating Margin | -1.33% | -2.90% | -11.54% | -9.82% | -3.10% | 11.60% |
| Profit Margin | -4.57% | -5.10% | -15.59% | -6.30% | -4.46% | 7.19% |
| Free Cash Flow Margin | 1.42% | 0.83% | -8.15% | -5.31% | -2.12% | 7.17% |
| EBITDA | 479.09K | 256.89K | -967.58K | -784.23K | 57.87K | 1.21M |
| EBITDA Margin | 3.72% | 1.91% | -6.53% | -5.57% | 0.46% | 14.37% |
| D&A For EBITDA | 650.74K | 648.70K | 742.86K | 598.54K | 449.04K | 234.03K |
| EBIT | -171.64K | -391.82K | -1.71M | -1.38M | -391.16K | 980.71K |
| EBIT Margin | -1.33% | -2.90% | -11.54% | -9.82% | -3.10% | 11.60% |
| Effective Tax Rate | 24.76% | |||||
| Advertising Expenses | 54.92K | 59.44K | 81.59K | 76.70K | 28.93K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.59M | 846.17K | 1.95M | 5.30M | 2.15M | 12.39M |
| Short-Term Investments | 2.83M | 3.60M | 2.32M | 1.39M | 5.99M | |
| Cash & Short-Term Investments | 4.43M | 4.44M | 4.27M | 6.69M | 8.14M | 12.39M |
| Accounts Receivable | 17.71K | 54.51K | 69.46K | 28.74K | 76.95K | 72.25K |
| Receivables | 17.71K | 54.51K | 69.46K | 28.74K | 76.95K | 72.25K |
| Inventory | 630.41K | 804.44K | 272.60K | 201.33K | 158.35K | 79.51K |
| Prepaid Expenses | 84.42K | 22.15K | 117.62K | 47.25K | 37.40K | 27.19K |
| Other Current Assets | 592.75K | 574.57K | 268.75K | 258.75K | 446.52K | |
| Total Current Assets | 5.75M | 5.90M | 5.00M | 7.23M | 8.86M | 12.56M |
| Property, Plant & Equipment | 3.44M | 3.72M | 5.07M | 5.04M | 5.30M | 1.59M |
| Long-Term Investments | 728.44K | 1.02M | 1.37M | 75.00K | ||
| Goodwill | 796.22K | 796.22K | 796.22K | 671.22K | 671.22K | |
| Other Intangible Assets | 277.14K | 305.27K | 367.80K | 395.11K | 453.98K | |
| Long-Term Deferred Tax Assets | 206.00K | 61.00K | ||||
| Other Long-Term Assets | 64.59K | 21.17K | 37.54K | 49.20K | 50.90K | 273.81K |
| Total Assets | 10.48M | 10.75M | 12.00M | 14.61M | 16.77M | 14.51M |
| Accounts Payable | 274.28K | 245.23K | 612.06K | 555.25K | 448.61K | 291.97K |
| Accrued Expenses | 406.36K | 421.87K | 371.36K | 480.29K | 532.52K | 254.34K |
| Short-Term Debt | 115.90K | 791.37K | ||||
| Current Portion of Long-Term Debt | 199.98K | 191.53K | 185.01K | 183.33K | 167.62K | 169.91K |
| Current Portion of Leases | 404.55K | 358.94K | 274.51K | 215.33K | 193.43K | |
| Current Income Taxes Payable | 209.09K | |||||
| Total Current Liabilities | 1.29M | 1.22M | 1.44M | 1.55M | 2.13M | 925.31K |
| Long-Term Debt | 1.80M | 1.90M | 2.09M | 2.27M | 2.66M | 2.83M |
| Long-Term Leases | 1.05M | 1.21M | 1.50M | 1.60M | 1.83M | |
| Long-Term Deferred Tax Liabilities | 119.00K | |||||
| Total Liabilities | 4.14M | 4.33M | 5.03M | 5.42M | 6.62M | 3.88M |
| Common Stock | 12.37K | 12.31K | 12.31K | 12.49K | 12.79K | 12.89K |
| Additional Paid-In Capital | 12.06M | 11.95M | 11.81M | 11.58M | 11.41M | 11.22M |
| Retained Earnings | -5.22M | -5.05M | -4.36M | -2.05M | -1.16M | -600.24K |
| Treasury Stock | -499.72K | -499.72K | -499.72K | -357.11K | -106.88K | |
| Shareholders' Equity | 6.35M | 6.42M | 6.97M | 9.19M | 10.15M | 10.63M |
| Total Liabilities & Equity | 10.48M | 10.75M | 12.00M | 14.61M | 16.77M | 14.51M |
| Total Debt | 3.46M | 3.66M | 4.05M | 4.38M | 5.64M | 3.00M |
| Net Cash (Debt) | 970.61K | 782.73K | 222.81K | 2.31M | 2.51M | 9.38M |
| Net Cash Per Share | 0.16 | 0.13 | 0.04 | 0.37 | 0.39 | 2.14 |
| Filing Date Shares Outstanding | 6.18M | 6.15M | 6.15M | 6.25M | 6.40M | 6.46M |
| Total Common Shares Outstanding | 6.18M | 6.15M | 6.15M | 6.25M | 6.40M | 6.45M |
| Working Capital | 4.47M | 4.68M | 3.56M | 5.68M | 6.73M | 11.64M |
| Book Value Per Share | 1.03 | 1.04 | 1.13 | 1.47 | 1.59 | 1.65 |
| Tangible Book Value | 5.27M | 5.32M | 5.80M | 8.12M | 9.03M | 10.63M |
| Tangible Book Value Per Share | 0.85 | 0.86 | 0.94 | 1.30 | 1.41 | 1.65 |
| Land | 366.29K | 366.29K | 435.24K | 435.24K | 485.24K | 485.24K |
| Buildings | 2.47M | 2.41M | 2.92M | 2.46M | 2.40M | 1.32M |
| Machinery | 3.50M | 3.47M | 3.89M | 3.74M | 3.45M | 2.42M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -587.60K | -687.84K | -2.31M | -887.37K | -562.28K | 607.85K |
| Depreciation & Amortization | 650.74K | 648.70K | 742.86K | 598.54K | 449.04K | 234.03K |
| Other Amortization | 5.26K | 4.05K | 5.40K | 5.40K | 5.40K | 56.91K |
| Loss (Gain) From Sale of Assets | -242.23K | -242.23K | -159.91K | -310.18K | ||
| Asset Writedown & Restructuring Costs | 215.00K | 215.00K | 371.87K | |||
| Loss (Gain) From Sale of Investments | -31.99K | 11.13K | -49.88K | -103.20K | 38.71K | |
| Loss (Gain) on Equity Investments | 124.48K | 304.44K | 415.08K | 346.38K | 194.81K | |
| Stock-Based Compensation | 106.72K | 141.00K | 230.50K | 174.00K | 118.70K | 26.25K |
| Other Operating Activities | 194.77K | 37.97K | 227.10K | -313.49K | -179.94K | 1.00K |
| Change in Accounts Receivable | 15.48K | 14.95K | -40.72K | 48.21K | -4.70K | -53.22K |
| Change in Inventory | 16.69K | 42.16K | -6.27K | -42.98K | -22.85K | -18.93K |
| Change in Accounts Payable | -175.21K | -366.83K | 40.98K | 106.64K | 156.63K | 37.20K |
| Change in Income Taxes | -209.09K | 111.11K | ||||
| Change in Other Net Operating Assets | -17.38K | 162.37K | -179.31K | 119.26K | 227.36K | -188.23K |
| Operating Cash Flow | 324.74K | 284.88K | -713.50K | -258.79K | 211.80K | 813.96K |
| Capital Expenditures | -141.53K | -172.93K | -494.06K | -488.39K | -478.40K | -207.92K |
| Sale of Property, Plant & Equipment | 515.73K | 550.23K | 250.00K | 496.00K | ||
| Cash Acquisitions | -943.00K | -3.00M | ||||
| Investment in Securities | 689.73K | -766.99K | -877.61K | 4.71M | -7.52M | |
| Other Investing Activities | -51.19K | -670.72K | -120.00K | -37.54K | ||
| Investing Cash Flow | 1.01M | -1.06M | -2.18M | 4.71M | -11.04M | -207.92K |
| Short-Term Debt Issued | 791.37K | |||||
| Long-Term Debt Issued | 3.11M | |||||
| Total Debt Issued | 791.37K | 3.11M | ||||
| Short-Term Debt Repaid | -115.90K | -675.47K | ||||
| Long-Term Debt Repaid | -189.27K | -182.16K | -378.39K | -168.53K | -3.30M | |
| Total Debt Repaid | -191.01K | -189.27K | -298.06K | -1.05M | -168.53K | -3.30M |
| Net Debt Issued (Repaid) | -191.01K | -189.27K | -298.06K | -1.05M | 622.84K | -188.52K |
| Issuance of Common Stock | 45.00K | 74.87K | 10.70M | |||
| Repurchase of Common Stock | -142.79K | -250.53K | -107.01K | |||
| Other Financing Activities | -158.63K | -140.45K | -10.00K | -49.70K | ||
| Financing Cash Flow | -304.64K | -329.72K | -450.85K | -1.30M | 590.70K | 10.46M |
| Net Cash Flow | 1.03M | -1.11M | -3.35M | 3.15M | -10.24M | 11.06M |
| Free Cash Flow | 183.21K | 111.95K | -1.21M | -747.17K | -266.60K | 606.03K |
| Free Cash Flow Margin | 1.42% | 0.83% | -8.15% | -5.31% | -2.12% | 7.17% |
| Free Cash Flow Per Share | 0.03 | 0.02 | -0.20 | -0.12 | -0.04 | 0.14 |
| Levered Free Cash Flow | 1.03M | -718.63K | -891.26K | -398.12K | -536.01K | 486.38K |
| Unlevered Free Cash Flow | 1.08M | -671.67K | -834.22K | -342.52K | -469.69K | 537.51K |
| Cash Interest Paid | 66.29K | 77.57K | 93.70K | 85.92K | 109.37K | 119.30K |
| Cash Income Tax Paid | 209.09K | 114.18K | ||||
| Change in Working Capital | -160.41K | -147.35K | -185.31K | 231.13K | 147.35K | -112.08K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 11.26M | 8.86M | 9.77M | 15.62M | 11.81M | 19.04M |
| Enterprise Value | 10.29M | 7.87M | 8.89M | 13.06M | 8.43M | 20.14M |
| Last Close Price | 1.84 | 1.44 | 1.59 | 2.50 | 1.83 | 2.95 |
| PE Ratio | 31.32 | |||||
| PS Ratio | 0.88 | 0.66 | 0.66 | 1.11 | 0.94 | 2.25 |
| PB Ratio | 1.79 | 1.38 | 1.40 | 1.70 | 1.16 | 1.79 |
| P/TBV Ratio | 2.16 | 1.67 | 1.69 | 1.92 | 1.31 | 1.79 |
| P/FCF Ratio | 62.11 | 79.17 | 31.41 | |||
| P/OCF Ratio | 35.04 | 31.11 | 55.77 | 23.39 | ||
| EV/Sales Ratio | 0.81 | 0.58 | 0.60 | 0.93 | 0.67 | 2.38 |
| EV/EBITDA Ratio | 21.73 | 30.62 | 145.69 | 16.58 | ||
| EV/EBIT Ratio | 20.54 | |||||
| EV/FCF Ratio | 56.82 | 70.27 | 33.23 | |||
| Debt / Equity Ratio | 0.54 | 0.57 | 0.58 | 0.48 | 0.56 | 0.28 |
| Debt / EBITDA Ratio | 1.92 | 2.38 | 9.29 | 8.30 | 4.67 | 2.47 |
| Debt / FCF Ratio | 18.86 | 32.69 | 4.96 | |||
| Net Debt / Equity Ratio | -0.15 | -0.12 | -0.03 | -0.25 | -0.25 | -0.88 |
| Net Debt / EBITDA Ratio | -2.03 | -3.05 | 0.23 | 2.94 | -43.35 | -7.72 |
| Net Debt / FCF Ratio | -5.30 | -6.99 | 0.18 | 3.09 | 9.41 | -15.48 |
| Asset Turnover | 1.19 | 1.19 | 1.11 | 0.90 | 0.81 | 0.94 |
| Inventory Turnover | 17.69 | 20.22 | 55.44 | 68.77 | 85.17 | 90.67 |
| Quick Ratio | 3.46 | 3.69 | 3.01 | 4.34 | 3.85 | 13.46 |
| Current Ratio | 4.47 | 4.84 | 3.46 | 4.66 | 4.16 | 13.58 |
| Return on Equity (ROE) | -8.95% | -10.28% | -28.62% | -9.18% | -5.41% | 12.25% |
| Return on Assets (ROA) | -0.99% | -2.15% | -8.04% | -5.51% | -1.56% | 6.85% |
| Return on Invested Capital (ROIC) | -3.12% | -6.33% | -25.11% | -19.04% | -8.80% | 40.99% |
| Return on Capital Employed (ROCE) | -1.90% | -4.10% | -16.20% | -10.60% | -2.70% | 7.20% |
| Earnings Yield | -5.59% | -7.76% | -23.65% | -5.68% | -4.76% | 3.19% |
| FCF Yield | 1.61% | 1.26% | -12.36% | -4.78% | -2.26% | 3.18% |
| Buyback Yield / Dilution | -0.13% | 0.65% | 1.07% | 3.00% | -47.29% | -8.29% |