For the twelve months ended Sep 28, 2025, BT Brands Inc. reported $14.04M of revenue and -$935.9K of net income.
BTBD revenue was $3.55M in fiscal Q2 2026 (ended Jun 28, 2026), down 6.1% from a year earlier and up 24.9% from the prior quarter. For the full fiscal 2024 it was $14.82M, up 5.3% from fiscal 2023. It rose in each of the last 4 fiscal years. Fiscal 2024 is the highest of the 5 fiscal years on file.
BTBD net income was $576.4K in fiscal Q2 2026 (ended Jun 28, 2026), up 947.5% from a year earlier. For the full fiscal 2024 it was -$2.31M, compared with -$887.4K in fiscal 2023.
BTBD diluted EPS was $0.09 in fiscal Q2 2026 (ended Jun 28, 2026), up 800.0% from a year earlier. For the full fiscal 2021 it was $0.14, down 30.0% from fiscal 2020.
BTBD free cash flow was $162.3K in fiscal Q2 2026 (ended Jun 28, 2026), down 57.8% from a year earlier. For the full fiscal 2024 it was -$1.22M, compared with -$747.2K in fiscal 2023.
| Line item | Dec 29, 2024 | Dec 31, 2023 | Jan 1, 2023 | Jan 2, 2022 | Jan 3, 2021 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|
| Revenue | $14.82M | $14.08M | $12.60M | $8.45M | $8.16M | - | - |
| Selling, general and admin | $1.69M | $1.65M | $1.63M | $416.8K | $687.5K | - | - |
| Operating income | -$1.83M | -$1.07M | -$391.2K | $980.7K | $529.4K | - | - |
| Interest expense | $99.9K | $97.6K | $114.8K | $172.9K | $177.8K | - | - |
| Pre-tax income | -$2.11M | -$1.03M | -$742.3K | $807.9K | $922.0K | - | - |
| Income tax | $206.0K | $145.0K | $180.0K | $200.0K | $130.0K | - | - |
| Net income | -$2.31M | -$887.4K | -$562.3K | $607.9K | $792.0K | -$368.6K | $20.8K |
| EPS, basic | - | - | - | $0.14 | $0.20 | - | - |
| EPS, diluted | - | - | - | $0.14 | $0.20 | - | - |
| Diluted shares | - | - | - | - | 4.0M | - | - |
| Line item | Dec 29, 2024 | Dec 31, 2023 | Jan 1, 2023 | Jan 2, 2022 | Jan 3, 2021 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.95M | $5.30M | $2.15M | $12.39M | $1.32M | $258.1K | $663.5K |
| Short-term investments | $2.32M | $1.39M | $5.99M | $0 | - | - | - |
| Receivables | $69.5K | $28.7K | $76.9K | $72.3K | $19.0K | $15.4K | $20.2K |
| Inventory | $272.6K | $201.3K | $158.4K | $79.5K | $60.6K | $56.4K | $58.6K |
| Current assets | $5.12M | $7.23M | $8.86M | $12.56M | $1.41M | $336.8K | $790.5K |
| Goodwill | $796.2K | $671.2K | $671.2K | $0 | - | - | - |
| Total assets | $12.00M | $14.61M | $16.77M | $14.51M | $3.39M | $2.63M | $3.26M |
| Current liabilities | $1.44M | $1.55M | $2.13M | $925.3K | $1.03M | $808.8K | $731.8K |
| Short-term debt | $185.0K | $183.3K | $167.6K | $169.9K | $245.3K | $277.7K | $254.4K |
| Long-term debt | $2.09M | $2.27M | $2.66M | $2.83M | $2.94M | $3.22M | $3.52M |
| Total debt | $2.28M | $2.45M | $2.83M | $3.00M | $3.18M | $3.50M | $3.77M |
| Total liabilities | $5.03M | $5.42M | $6.62M | $3.88M | $4.09M | $4.13M | $4.31M |
| Shareholders' equity | $6.97M | $9.19M | $10.15M | $10.63M | -$702.3K | -$1.40M | -$1.04M |
| Line item | Dec 29, 2024 | Dec 31, 2023 | Jan 1, 2023 | Jan 2, 2022 | Jan 3, 2021 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$723.5K | -$258.8K | $211.8K | $814.0K | $1.40M | - | - |
| Capital expenditures | $494.1K | $488.4K | $478.4K | $207.9K | $154.4K | - | - |
| Free cash flow | -$1.22M | -$747.2K | -$266.6K | $606.0K | $1.24M | - | - |
| Investing cash flow | -$2.18M | $4.71M | -$11.04M | -$207.9K | $24.6K | - | - |
| Financing cash flow | -$440.8K | -$1.30M | $590.7K | $10.46M | -$359.0K | - | - |
| Stock-based compensation | $230.5K | $174.0K | $118.7K | $0 | - | - | - |
| Depreciation and amortization | $742.9K | $598.5K | $449.0K | $234.0K | $189.4K | - | - |
| Line item | Dec 29, 2024 | Dec 31, 2023 | Jan 1, 2023 | Jan 2, 2022 | Jan 3, 2021 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 5.3% | 11.7% | 49.1% | 3.6% | - | - | - |
| Net income growth, YoY | - | - | - | -23.3% | - | - | - |
| EPS growth, YoY | - | - | - | -30.0% | - | - | - |
| Operating margin | -12.4% | -7.6% | -3.1% | 11.6% | 6.5% | - | - |
| Net margin | -15.6% | -6.3% | -4.5% | 7.2% | 9.7% | - | - |
| Free cash flow margin | -8.2% | -5.3% | -2.1% | 7.2% | 15.2% | - | - |
| Return on equity | -33.2% | -9.7% | -5.5% | 5.7% | - | - | - |
| Return on assets | -19.3% | -6.1% | -3.4% | 4.2% | 23.4% | -14.0% | 0.6% |
| Current ratio | 3.55 | 4.66 | 4.15 | 13.58 | 1.36 | 0.42 | 1.08 |
| Debt to equity | 0.33 | 0.27 | 0.28 | 0.28 | - | - | - |
| Line item | Jun 28, 2026 | Mar 29, 2026 | Sep 28, 2025 | Jun 29, 2025 | Mar 30, 2025 | Dec 29, 2024 | Sep 29, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Oct 1, 2023 | Jul 2, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.55M | $2.84M | $3.85M | $3.78M | $3.23M | $3.17M | $4.35M | $4.11M | $3.19M | $3.00M | $4.01M | $4.00M |
| Selling, general and admin | $333.7K | $348.9K | $178.4K | $531.1K | $451.0K | $406.5K | $375.5K | $454.8K | $454.6K | $362.7K | $343.0K | $519.1K |
| Operating income | $117.2K | -$232.8K | $735.0K | -$75.1K | -$292.2K | -$937.9K | -$75.0K | -$188.5K | -$630.8K | -$782.9K | $40.6K | -$79.5K |
| Interest expense | $19.0K | $21.4K | $16.4K | $19.6K | $21.6K | $27.3K | $22.6K | $22.6K | $27.5K | $23.8K | $23.9K | $24.4K |
| Pre-tax income | $576.4K | -$751.0K | $915.0K | $55.0K | -$329.8K | -$1.23M | -$233.5K | -$82.5K | -$563.2K | -$571.4K | -$3.5K | -$285.7K |
| Income tax | $0 | $0 | $0 | $0 | $0 | $350.0K | -$14.0K | $12.5K | -$117.5K | $227.0K | $0 | -$52.0K |
| Net income | $576.4K | -$751.0K | $915.0K | $55.0K | -$329.8K | -$1.58M | -$219.5K | -$70.0K | -$445.7K | -$508.4K | -$3.5K | -$233.7K |
| EPS, basic | $0.09 | - | $0.15 | $0.01 | - | - | -$0.04 | - | - | - | - | - |
| EPS, diluted | $0.09 | -$0.12 | $0.15 | $0.01 | -$0.05 | - | -$0.04 | - | - | - | - | - |
| Diluted shares | - | 6.2M | 6.2M | - | 6.2M | - | 6.2M | - | - | - | - | - |
| Line item | Jun 28, 2026 | Mar 29, 2026 | Sep 28, 2025 | Jun 29, 2025 | Mar 30, 2025 | Dec 29, 2024 | Sep 29, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Oct 1, 2023 | Jul 2, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.59M | $1.01M | $1.28M | $560.1K | $1.07M | $1.95M | $3.09M | $3.74M | $4.67M | $5.30M | $5.55M | $5.70M |
| Short-term investments | $2.83M | $2.63M | $3.46M | $2.97M | $2.75M | $2.32M | $1.97M | $1.50M | $1.46M | $1.39M | $1.37M | $1.23M |
| Receivables | $17.7K | $17.0K | $50.8K | $33.2K | $35.4K | $69.5K | $49.4K | $28.3K | $13.3K | $28.7K | $55.2K | $35.4K |
| Inventory | $230.4K | $218.1K | $563.6K | $539.5K | $238.2K | $272.6K | $289.2K | $300.1K | $226.2K | $201.3K | $193.0K | $191.2K |
| Current assets | $5.75M | $5.24M | $6.63M | $5.55M | $4.46M | $5.12M | $5.73M | $5.91M | $6.70M | $7.23M | $7.46M | $7.48M |
| Goodwill | $796.2K | $796.2K | $796.2K | $796.2K | $796.2K | $796.2K | $796.2K | $796.2K | $671.2K | $671.2K | $671.2K | $671.2K |
| Total assets | $10.48M | $9.98M | $11.94M | $11.22M | $11.00M | $12.00M | $13.68M | $14.03M | $14.00M | $14.61M | $14.91M | $15.15M |
| Current liabilities | $1.29M | $1.27M | $974.9K | $1.19M | $968.3K | $1.44M | $1.46M | $1.49M | $1.42M | $1.55M | $1.29M | $1.54M |
| Short-term debt | $200.0K | $198.5K | $203.7K | $191.4K | $156.6K | $185.0K | $170.2K | $164.4K | $171.8K | $183.3K | $164.9K | $164.9K |
| Long-term debt | $1.80M | $1.85M | $1.93M | $1.99M | $2.07M | $2.09M | $2.15M | $2.20M | $2.24M | $2.27M | $2.33M | $2.37M |
| Total debt | $2.00M | $2.05M | $2.13M | $2.18M | $2.23M | $2.28M | $2.32M | $2.37M | $2.41M | $2.45M | $2.50M | $2.54M |
| Total liabilities | $4.14M | $4.30M | $4.21M | $4.43M | $4.34M | $5.03M | $5.18M | $5.32M | $5.20M | $5.42M | $5.27M | $5.55M |
| Shareholders' equity | $6.35M | $5.68M | $7.72M | $6.78M | $6.67M | $6.97M | $8.50M | $8.71M | $8.80M | $9.19M | $9.64M | $9.60M |
| Line item | Jun 28, 2026 | Mar 29, 2026 | Sep 28, 2025 | Jun 29, 2025 | Mar 30, 2025 | Dec 29, 2024 | Sep 29, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Oct 1, 2023 | Jul 2, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $215.1K | -$97.7K | $325.2K | $384.4K | -$306.7K | -$526.4K | $129.3K | $82.5K | -$408.9K | -$184.1K | $37.0K | $362.5K |
| Capital expenditures | $52.9K | $40.1K | $63.4K | $0 | $124.4K | $274.0K | $78.8K | $28.8K | $112.4K | $126.2K | $96.5K | $158.7K |
| Free cash flow | $162.3K | -$137.8K | $261.8K | $384.4K | -$431.1K | -$800.4K | $50.4K | $53.7K | -$521.3K | -$310.2K | -$59.5K | $203.8K |
| Investing cash flow | $374.4K | $323.7K | $443.9K | -$847.3K | -$527.7K | -$516.0K | -$712.3K | -$894.1K | -$62.3K | -$132.8K | -$151.0K | -$107.1K |
| Financing cash flow | -$11.7K | -$57.2K | -$51.4K | -$47.1K | -$46.9K | -$91.6K | -$66.9K | -$121.4K | -$161.0K | $70.5K | -$44.0K | -$44.9K |
| Stock-based compensation | $43.1K | $16.4K | $25.3K | $62.7K | $31.0K | $65.5K | $55.0K | $56.0K | $54.0K | $56.0K | $40.7K | $41.4K |
| Depreciation and amortization | $151.6K | $151.6K | $151.0K | $144.7K | $156.4K | $269.4K | $141.5K | $171.4K | $160.5K | $27.7K | $114.8K | $192.5K |
| Line item | Jun 28, 2026 | Mar 29, 2026 | Sep 28, 2025 | Jun 29, 2025 | Mar 30, 2025 | Dec 29, 2024 | Sep 29, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Oct 1, 2023 | Jul 2, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -6.1% | -12.0% | -11.4% | -8.1% | 1.3% | 5.9% | 8.5% | 2.8% | 3.9% | 0.6% | -0.4% | 13.5% |
| Net income growth, YoY | 947.5% | - | - | - | - | - | - | - | - | - | - | - |
| EPS growth, YoY | 800.0% | - | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 3.3% | -8.2% | 19.1% | -2.0% | -9.0% | -29.6% | -1.7% | -4.6% | -19.8% | -26.1% | 1.0% | -2.0% |
| Net margin | 16.2% | -26.4% | 23.7% | 1.5% | -10.2% | -49.7% | -5.0% | -1.7% | -14.0% | -17.0% | -0.1% | -5.8% |
| Free cash flow margin | 4.6% | -4.8% | 6.8% | 10.2% | -13.3% | -25.2% | 1.2% | 1.3% | -16.3% | -10.3% | -1.5% | 5.1% |
| Current ratio | 4.48 | 4.11 | 6.80 | 4.67 | 4.60 | 3.55 | 3.94 | 3.96 | 4.74 | 4.66 | 5.79 | 4.85 |
| Debt to equity | 0.31 | 0.36 | 0.28 | 0.32 | 0.33 | 0.33 | 0.27 | 0.27 | 0.27 | 0.27 | 0.26 | 0.26 |
Source: XBRL data BT Brands Inc. files with the SEC, latest filing dated Aug 17, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| BTBD | $14.04M | -4.2% | -$935.9K | -6.7% | $10.1M |
| MCD | $27.78B | +5.8% | $8.99B | 32.4% | $199.16B |
| SBUX | $38.34B | +4.5% | $1.98B | 5.2% | $124.76B |
| CMG | $12.71B | +7.9% | $1.38B | 10.8% | $45.22B |
| YUM | $8.80B | +9.1% | $3.44B | 39.1% | $43.90B |
| QSR | $9.78B | +5.5% | $1.76B | 18.1% | $34.98B |
| DRI | $13.37B | +8.1% | $1.18B | 8.8% | $26.00B |
| YUMC | $12.71B | +9.9% | $1.00B | 7.9% | $16.82B |
| ARMK | $19.85B | +11.0% | $382.91M | 1.9% | $14.43B |