Risk factors

Biglari Holdings (BH) risk factors

Item 1A of every Biglari Holdings Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

  • FY2025 10-K risk factors
    29 risks1 new1 reworded

    Biglari Holdings added a risk regarding potential dilution from an at-the-market offering of up to $500,000,000 in common stock. The company reported progress in remediating four of five material weaknesses in internal controls over financial reporting.

    Filed Mar 02, 2026
  • FY2024 10-K risk factors
    28 risks

    Heavy reliance on key executive Sardar Biglari who controls over fifty percent of voting stock. Operations span restaurants, insurance, investment partnerships, oil and gas, and brand licensing.

    Filed Mar 03, 2025