Bt Brands Financials
This page shows Bt Brands (BTBD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
BT Brands' 2025 improvement came from a leaner cost base and lower reinvestment needs, not from top-line expansion.
Cash conversion flipped ahead of reported profit: FY2025 generated$112K of free cash flow despite a-$688K net loss. Against FY2024's-$1.2M free cash flow, that implies a lower cash break-even point than accounting break-even, helped by depreciation and much lighter reinvestment.
FY2025 revenue fell to
The company still carries a liquid balance sheet, with a current ratio of 4.8x and debt-to-equity of 0.3x, so near-term obligations do not appear to be the main constraint. But cash has fallen from
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Bt Brands's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Bt Brands has an operating margin of -2.7%, meaning the company retains $-3 of operating profit per $100 of revenue. This below-average margin results in a low score of 8/100, suggesting thin profitability after operating expenses. This is up from -12.4% the prior year.
Bt Brands's revenue declined 9% year-over-year, from $14.8M to $13.5M. This contraction results in a growth score of 30/100.
Bt Brands carries a low D/E ratio of 0.30, meaning only $0.30 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.84, Bt Brands holds $4.84 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 97/100.
Bt Brands's free cash flow margin of 0.8% results in a low score of 17/100. Capital expenditures of $173K absorb a large share of operating cash flow.
Bt Brands generates a -10.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -33.2% the prior year.
Bt Brands passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Bt Brands generates $-0.41 in operating cash flow ($285K OCF vs -$688K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Bt Brands earns $-4.5 in operating income for every $1 of interest expense (-$365K vs $82K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Bt Brands generated $13.5M in revenue in fiscal year 2025. This represents a decrease of 9.0% from the prior year.
Bt Brands's EBITDA was $284K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 126.1% from the prior year.
Bt Brands reported -$688K in net income in fiscal year 2025. This represents an increase of 70.2% from the prior year.
Bt Brands earned $-0.11 per diluted share (EPS) in fiscal year 2025. This represents an increase of 70.3% from the prior year.
Cash & Balance Sheet
Bt Brands generated $112K in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 109.3% from the prior year.
Bt Brands held $846K in cash against $1.9M in long-term debt as of fiscal year 2025.
Bt Brands had 6M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Margins & Returns
Bt Brands's operating margin was -2.7% in fiscal year 2025, reflecting core business profitability. This is up 9.7 percentage points from the prior year.
Bt Brands's net profit margin was -5.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 10.5 percentage points from the prior year.
Bt Brands's ROE was -10.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 22.5 percentage points from the prior year.
Capital Allocation
Bt Brands invested $173K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 65.0% from the prior year.
BTBD Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.8M+8.4% | $2.6M-32.0% | $3.9M+2.0% | $3.8M+17.0% | $3.2M+1.8% | $3.2M-27.0% | $4.3M+5.8% | $4.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $349K+14.9% | $304K+70.2% | $178K-66.4% | $531K+17.7% | $451K+10.9% | $407K+8.3% | $375K-17.4% | $455K |
| Operating Income | -$233K+68.2% | -$732K-199.6% | $735K+1078.5% | -$75K+74.3% | -$292K+68.8% | -$938K-1150.4% | -$75K+60.2% | -$189K |
| Interest Expense | $21K-11.2% | $24K+47.3% | $16K-16.2% | $20K-9.3% | $22K-20.2% | $27K+19.8% | $23K0.0% | $23K |
| Income Tax | $0 | $0 | $0 | $0 | $0-100.0% | $325K+2421.4% | -$14K-212.0% | $13K |
| Net Income | -$751K+43.4% | -$1.3M-245.1% | $915K+1562.7% | $55K+116.7% | -$330K+79.1% | -$1.6M-618.1% | -$219K-213.8% | -$70K |
| EPS (Diluted) | $-0.12 | N/A | $0.15 | N/A | $-0.05 | N/A | $-0.04 | N/A |
BTBD Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.0M-7.1% | $10.7M-10.0% | $11.9M+6.4% | $11.2M+1.9% | $11.0M-8.3% | $12.0M-12.3% | $13.7M-2.5% | $14.0M |
| Current Assets | $5.2M-11.2% | $5.9M-11.1% | $6.6M+19.5% | $5.6M+24.6% | $4.5M-10.8% | $5.0M-12.8% | $5.7M-3.0% | $5.9M |
| Cash & Equivalents | $1.0M+20.0% | $846K-33.8% | $1.3M+128.1% | $560K-47.7% | $1.1M-45.2% | $2.0M-36.8% | $3.1M-17.4% | $3.7M |
| Inventory | $218K-5.4% | $230K-59.1% | $564K+4.5% | $539K+126.4% | $238K-12.6% | $273K-5.7% | $289K-3.6% | $300K |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $796K0.0% | $796K0.0% | $796K0.0% | $796K0.0% | $796K0.0% | $796K0.0% | $796K0.0% | $796K |
| Total Liabilities | $4.3M-0.7% | $4.3M+2.7% | $4.2M-4.9% | $4.4M+2.2% | $4.3M-13.8% | $5.0M-2.8% | $5.2M-2.8% | $5.3M |
| Current Liabilities | $1.3M+4.6% | $1.2M+24.9% | $975K-18.0% | $1.2M+22.8% | $968K-32.9% | $1.4M-1.0% | $1.5M-2.4% | $1.5M |
| Long-Term Debt | $1.8M-2.6% | $1.9M-1.6% | $1.9M-3.1% | $2.0M-3.9% | $2.1M-0.8% | $2.1M-2.8% | $2.2M-2.3% | $2.2M |
| Total Equity | $5.7M-11.4% | $6.4M-16.9% | $7.7M+13.9% | $6.8M+1.8% | $6.7M-4.3% | $7.0M-18.1% | $8.5M-2.3% | $8.7M |
| Retained Earnings | -$5.8M-14.9% | -$5.0M-35.7% | -$3.7M+19.7% | -$4.6M+1.2% | -$4.7M-7.6% | -$4.4M-56.6% | -$2.8M-8.6% | -$2.6M |
BTBD Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$98K+17.2% | -$118K-136.3% | $325K-15.4% | $384K+225.3% | -$307K+40.6% | -$516K-499.5% | $129K | N/A |
| Capital Expenditures | $40K+370.3% | -$15K-123.4% | $63K | $0-100.0% | $124K-54.6% | $274K+247.6% | $79K | N/A |
| Free Cash Flow | -$138K-3.8% | -$133K-150.7% | $262K-31.9% | $384K+189.2% | -$431K+45.5% | -$790K-1667.0% | $50K | N/A |
| Investing Cash Flow | $324K+350.3% | -$129K-129.1% | $444K+152.4% | -$847K-60.6% | -$528K-2.3% | -$516K+27.6% | -$712K | N/A |
| Financing Cash Flow | -$57K+69.0% | -$184K-258.4% | -$51K-9.3% | -$47K-0.4% | -$47K+53.8% | -$102K-51.8% | -$67K | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | $29K-23.7% | $38K-50.1% | $76K |
BTBD Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -8.2%+19.7pp | -27.9%-47.0pp | 19.1%+21.1pp | -2.0%+7.0pp | -9.0%+20.5pp | -29.5%-27.8pp | -1.7%+2.9pp | -4.6% |
| Net Margin | -26.4%+24.2pp | -50.6%-74.4pp | 23.7%+22.3pp | 1.5%+11.7pp | -10.2%+39.4pp | -49.7%-44.6pp | -5.1%-3.4pp | -1.7% |
| Return on Equity | -13.2%+7.5pp | -20.7%-32.5pp | 11.8%+11.0pp | 0.8%+5.8pp | -5.0%+17.7pp | -22.6%-20.0pp | -2.6%-1.8pp | -0.8% |
| Return on Assets | -7.5%+4.8pp | -12.4%-20.0pp | 7.7%+7.2pp | 0.5%+3.5pp | -3.0%+10.1pp | -13.1%-11.5pp | -1.6%-1.1pp | -0.5% |
| Current Ratio | 4.11-0.7 | 4.84-2.0 | 6.80+2.1 | 4.67+0.1 | 4.60+1.1 | 3.46-0.5 | 3.94-0.0 | 3.96 |
| Debt-to-Equity | 0.33+0.0 | 0.30+0.0 | 0.25-0.0 | 0.29-0.0 | 0.31+0.0 | 0.30+0.0 | 0.250.0 | 0.25 |
| FCF Margin | -4.8%+0.2pp | -5.1%-11.8pp | 6.8%-3.4pp | 10.2%+23.5pp | -13.3%+11.6pp | -24.9%-26.1pp | 1.2% | N/A |
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Frequently Asked Questions
What is Bt Brands's annual revenue?
Bt Brands (BTBD) reported $13.5M in total revenue for fiscal year 2025. This represents a -9.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Bt Brands's revenue growing?
Bt Brands (BTBD) revenue declined by 9% year-over-year, from $14.8M to $13.5M in fiscal year 2025.
Is Bt Brands profitable?
No, Bt Brands (BTBD) reported a net income of -$688K in fiscal year 2025, with a net profit margin of -5.1%.
What is Bt Brands's EBITDA?
Bt Brands (BTBD) had EBITDA of $284K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Bt Brands have?
As of fiscal year 2025, Bt Brands (BTBD) had $846K in cash and equivalents against $1.9M in long-term debt.
What is Bt Brands's operating margin?
Bt Brands (BTBD) had an operating margin of -2.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Bt Brands's net profit margin?
Bt Brands (BTBD) had a net profit margin of -5.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Bt Brands's return on equity (ROE)?
Bt Brands (BTBD) has a return on equity of -10.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Bt Brands's free cash flow?
Bt Brands (BTBD) generated $112K in free cash flow during fiscal year 2025. This represents a 109.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Bt Brands's operating cash flow?
Bt Brands (BTBD) generated $285K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Bt Brands's total assets?
Bt Brands (BTBD) had $10.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Bt Brands's capital expenditures?
Bt Brands (BTBD) invested $173K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Bt Brands's current ratio?
Bt Brands (BTBD) had a current ratio of 4.84 as of fiscal year 2025, which is generally considered healthy.
What is Bt Brands's debt-to-equity ratio?
Bt Brands (BTBD) had a debt-to-equity ratio of 0.30 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Bt Brands's return on assets (ROA)?
Bt Brands (BTBD) had a return on assets of -6.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Bt Brands's Piotroski F-Score?
Bt Brands (BTBD) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Bt Brands's earnings high quality?
Bt Brands (BTBD) has an earnings quality ratio of -0.41x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Bt Brands cover its interest payments?
Bt Brands (BTBD) has an interest coverage ratio of -4.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Bt Brands?
Bt Brands (BTBD) scores 41 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.