BTBD on Nasdaq
BT Brands, Inc.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
-12.4%Operating margin3
-15.6%Net margin3
5.3%Revenue growth, 20243
-33.2%Return on equity3
0.30×Debt to equity3
-$1.2MFree cash flow3
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Other costs98¢$14.5M
- Interest1¢$99.9K
- Income tax1¢$206.0K
Out of $14.8M in revenue.3 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.12
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| SALES | $13.5M | $14.8M |
| Food and paper costs | $4.5M | $5.6M |
| Labor costs | $5.1M | $6.1M |
| Occupancy costs | $1.3M | $1.4M |
| Other operating expenses | $878.1K | $962.3K |
| Depreciation and amortization expenses | $648.7K | $742.9K |
| Impairment of restaurant and right-of-use assets | $215.0K | $371.9K |
| General and administrative expenses | $1.5M | $1.7M |
| Gain on sale of assets | -$242.2K | -$250.0K |
| Total costs and expenses | $13.9M | $16.7M |
| Loss from operations | -$364.6K | -$1.8M |
| UNREALIZED GAIN (LOSS) ON MARKETABLE SECURITIES | $128.8K | -$93.5K |
| REALIZED GAIN ON MARKETABLE SECURITIES | $380.8K | $143.3K |
| INTEREST AND DIVIDEND INCOME | $148.7K | $178.3K |
| INTEREST EXPENSE | -$81.6K | -$99.6K |
| OTHER INCOME (EXPENSE) | -$74.7K | $13.9K |
| IMPAIRMENT OF RELATED PARTY INVESTMENT AND RECEIVABLES | -$520.7K | $0 |
| EQUITY IN LOSS OF UNCONSOLIDATED AFFILIATE | -$304.4K | -$415.1K |
| LOSS BEFORE TAXES | -$687.8K | -$2.1M |
| INCOME TAX EXPENSE | $0 | $206.0K |
| NET LOSS | -$687.8K | -$2.3M |
| NET LOSS PER COMMON SHARE - Basic and Diluted | -$0.11 | -$0.37 |
| WEIGHTED AVERAGE SHARES USED IN COMPUTING PER COMMON SHARE AMOUNTS - Basic and Diluted | 6.2M shares | 6.2M shares |
Every line of the balance sheet in the latest annual report, as filed.12
| Period ending | 2025-12-31 | 2025-08-31 | 2024-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $846.2K | $2.0M | |
| Marketable securities | $3.6M | $2.3M | |
| Receivables | $54.5K | $69.5K | |
| Inventory | $230.4K | $272.6K | |
| Inventory - bottled water held for resale, net | $574.0K | $0 | |
| Prepaid expenses and other current assets | $22.2K | $117.6K | |
| Deferred transaction costs | $150.4K | $10.0K | |
| Assets held for sale | $424.1K | $258.8K | |
| Total current assets | $5.9M | $5.0M | |
| PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET | $2.5M | $3.3M | |
| OPERATING LEASE RIGHT-OF-USE ASSETS | $1.3M | $1.7M | |
| EQUITY METHOD INVESTMENT IN UNCONSOLIDATED AFFILIATE | $0 | $304.4K | |
| INVESTMENT IN EQUITY AND NOTES RECEIVABLE FROM RELATED COMPANY | $0 | $424.0K | |
| GOODWILL | $796.2K | $796.2K | |
| INTANGIBLE ASSETS, NET | $305.3K | $367.8K | |
| OTHER ASSETS, NET | $21.2K | $37.5K | |
| Total assets | $10.7M | $12.0M | |
| Accounts payable | $245.2K | $612.1K | |
| Current maturities of long-term debt | $191.5K | $185.0K | |
| Current operating lease obligations | $358.9K | $274.5K | |
| Accrued expenses | $421.9K | $371.4K | |
| Total current liabilities | $1.2M | $1.4M | |
| LONG-TERM DEBT, LESS CURRENT PORTION | $1.9M | $2.1M | |
| NONCURRENT OPERATING LEASE OBLIGATIONS | $1.2M | $1.5M | |
| Total liabilities | $4.3M | $5.0M | |
| Preferred stock, $0.001 par value, 2,000,000 shares authorized, no shares outstanding at December 28, 2025 and December 29, 2024 | $0 | $0 | |
| Common stock, $0.002 par value, 50,000,000 authorized, 6,461,118 issued and 6,154,724 outstanding at December 28, 2025 and at December 29, 2024 | $12.3K | $12.3K | |
| Less cost of 306,394 common shares held in Treasury at December 28, 2025 and December 29, 2024 | -$499.7K | -$499.7K | |
| Additional paid-in capital | $12.0M | $11.8M | |
| Accumulated deficit | -$5.0M | -$4.4M | |
| Total shareholders' equity | $6.4M | $7.0M | |
| Total liabilities and shareholders' equity | $10.7M | $12.0M | |
| Preferred stock, shares par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 2.0M shares | 2.0M shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Common stock, shares par value | $0.00 | $1.48 | $0.00 |
| Common stock, shares authorized | 50.0M shares | 50.0M shares | |
| Common stock, shares issued | 6.5M shares | 6.5M shares | |
| Common stock, shares outstanding | 6.2M shares | 6.2M shares | |
| Treasury stock, shares | 306.4K shares | 306.4K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.12
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$687.8K | -$2.3M |
| Depreciation and amortization | $648.7K | $742.9K |
| Amortization of debt issuance costs included in interest expense | $4.0K | $5.4K |
| Deferred taxes | $0 | $206.0K |
| Stock-based compensation | $141.0K | $230.5K |
| Unrealized loss (gain) on marketable securities | -$128.8K | $93.5K |
| Realized investment gain | -$380.8K | -$143.3K |
| Loss on equity method investment | $304.4K | $415.1K |
| Impairment of restaurant and right-to-use assets | $215.0K | $371.9K |
| Gain on sale of assets | -$242.2K | -$250.0K |
| Impairment of related party investment and water bottle inventory | $520.7K | $0 |
| Loss on disposal of assets | $0 | $90.1K |
| Non-cash operating lease expense | $38.0K | $21.1K |
| Receivables | $15.0K | -$40.7K |
| Restaurant inventory | $42.2K | -$6.3K |
| Prepaid expenses and other current assets | $95.5K | -$70.4K |
| Other asset | $16.4K | $0 |
| Accounts payable | -$366.8K | $41.0K |
| Accrued expenses | $50.5K | -$108.9K |
| Net cash provided by (used in) operating activities | $284.9K | -$713.5K |
| Acquisition of net assets of Schnitzel Haus | $0 | -$943.0K |
| Proceeds from the sale of assets | $550.2K | $250.0K |
| Purchase of property and equipment | -$172.9K | -$494.1K |
| Loans to a related company | -$290.6K | -$120.0K |
| Purchase of secured note due from related company | $359.2K | $0 |
| Purchase of marketable securities | -$4.9M | -$2.3M |
| Repayment of loans to related company | $360.0K | $0 |
| Proceeds from the sale of marketable securities | $4.1M | $1.4M |
| Purchase of water bottle inventory | -$380.9K | $0 |
| Net cash used in investing activities | -$1.1M | -$2.2M |
| Repayment of broker margin loan | $0 | -$115.9K |
| Principal payment on long-term debt | -$189.3K | -$182.2K |
| Payment of deferred transaction costs | -$140.4K | -$10.0K |
| Purchase of treasury shares | $0 | -$142.8K |
| Net cash used in financing activities | -$329.7K | -$450.8K |
| CHANGE IN CASH AND CASH EQUIVALENTS | -$1.1M | -$3.3M |
| Cash paid for interest | $77.6K | $93.7K |
| Acquisition of water bottle inventory through related party loan foreclosure | $409.9K | $0 |
| Purchase of property and equipment is included in accounts payable. | $0 | $15.1K |
Former names
- Burger Time,Inc.Sep 28, 2017 to Aug 15, 20182
Recent filings
- Aug 17, 202610-Q
- Aug 10, 2026NT 10-Q
- Aug 4, 2026RW
- Jun 24, 20268-K
- Jun 1, 20268-K
- Jun 1, 2026DEF 14A
- May 18, 202610-Q
- May 12, 2026NT 10-Q
- May 7, 20268-K
- Apr 16, 20268-K
- Apr 14, 2026S-4/A
- Apr 6, 20268-K
- Apr 3, 20268-K
- Mar 30, 202610-K
- Mar 26, 20268-K
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARBT Brands, Inc. filings on SEC EDGAR
- 2SEC EDGARBT Brands, Inc. filings on SEC EDGAR
- 3SEC EDGARBT Brands, Inc. 10-K for fiscal 2024
- 4SEC EDGARBT Brands, Inc. 10-K for fiscal 2018
- 5SEC EDGARBT Brands, Inc. 10-K for fiscal 2019
- 6SEC EDGARBT Brands, Inc. 10-K for fiscal 2021
- 7SEC EDGARBT Brands, Inc. 10-K for fiscal 2022
- 8SEC EDGARBT Brands, Inc. 10-K for fiscal 2023
- 9SEC EDGARBT Brands, Inc. 10-K for fiscal 2018
- 10SEC EDGARBT Brands, Inc. 10-Q for fiscal 2026
- 11SEC EDGARBT Brands, Inc. 10-Q for fiscal 2026
- 12