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BJRI

BJ's Restaurants, Inc.

BJRI

BJ's Restaurants, Inc. • NASDAQ
$38.35 ▼ -0.70% (-0.27)
Market Cap $858.89 M
52w High $47.02
52w Low $28.46
Dividend Yield 0%
P/E 28.2
Volume 243.61K
Outstanding Shares 22.40M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $330.157M ▼ $246.25M ▼ $465K ▼ 0.141% ▼ $0.02 ▼ $19.495M ▼
Q2-2025 $365.597M ▲ $253.58M ▲ $22.208M ▲ 6.074% ▲ $1 ▲ $43.711M ▲
Q1-2025 $347.973M ▲ $246.203M ▲ $13.492M ▲ 3.877% ▲ $0.59 ▲ $30.706M ▲
Q4-2024 $344.339M ▲ $57.677M ▲ $-5.266M ▼ -1.529% ▼ $-0.23 ▼ $9.163M ▼
Q3-2024 $325.702M $40.597M $-2.927M -0.899% $-0.13 $16.348M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $25.431M ▼ $1.022B ▼ $665.847M ▲ $356.198M ▼
Q2-2025 $25.964M ▲ $1.025B ▲ $638.673M ▼ $386.564M ▲
Q1-2025 $19.002M ▼ $1.02B ▼ $648.366M ▼ $371.481M ▲
Q4-2024 $26.096M ▲ $1.041B ▼ $671.047M ▲ $370.017M ▼
Q3-2024 $18.422M $1.042B $665.609M $376.175M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $22.208M ▲ $62.279M ▲ $-20.372M ▼ $-34.945M ▼ $6.962M ▲ $41.906M ▲
Q1-2025 $13.492M ▲ $4.621M ▼ $-16.647M ▼ $4.932M ▲ $-7.094M ▼ $-12.062M ▼
Q4-2024 $-5.266M ▼ $31.63M ▲ $-15.865M ▲ $-8.091M ▼ $7.674M ▲ $15.758M ▲
Q3-2024 $-2.927M ▼ $27.31M ▲ $-19.679M ▼ $-5.394M ▼ $2.237M ▲ $7.631M ▲
Q2-2024 $17.157M $20.202M $-19.467M $-3.37M $-2.635M $735K

Five-Year Company Overview

Income Statement

Income Statement BJ’s income statement shows a slow but clear recovery story. Sales have climbed steadily from the pandemic low, but profits remain thin. The company has moved from losses to modest profitability, with operating and net income only slightly in the black. That means the business is working, but there isn’t much cushion if sales soften or costs spike. Margins are gradually improving, helped by better scale and pricing, yet the restaurant model still looks sensitive to food, labor, and occupancy costs. Overall, results suggest a stable but not yet fully optimized earnings profile.

Balance Sheet

Balance Sheet The balance sheet looks stable but not especially conservative. Total assets have stayed fairly steady over the last several years, while debt sits at a meaningful level relative to the size of the company and its equity base. Cash on hand is relatively limited for a restaurant chain, which reduces the buffer against downturns or unexpected shocks. On the positive side, equity has been inching up as the firm returns to profitability, indicating slow rebuilding of financial strength. In short, leverage is manageable but leaves less room for error than a cash‑rich balance sheet would.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations is consistently positive and has improved versus the pandemic period. However, BJ’s invests heavily in its restaurant base and new openings, so capital spending absorbs a large portion of that cash. As a result, free cash flow is modest and can swing around year to year, occasionally dipping close to break‑even. This pattern is typical for a growth‑oriented restaurant chain but means expansion has to be paced carefully and often relies on ongoing healthy sales and access to financing rather than surplus internal cash alone.

Competitive Edge

Competitive Edge BJ’s competes in a crowded casual dining market but has carved out a differentiated niche. Its combination of proprietary craft beer, a broad and flexible menu, and signature items like the Pizookie dessert helps the brand stand out and attract group dining. The brewpub atmosphere and in‑house beer give it a margin and branding edge that many peers lack, while its loyalty program and digital tools aim to drive repeat visits. The flip side is that BJ’s still faces intense competition from both national chains and local concepts, and its smaller scale compared with the largest players can limit marketing muscle and bargaining power with suppliers.

Innovation and R&D

Innovation and R&D The company is notably active on the innovation front for a casual dining chain. It invests in kitchen display systems, handheld devices for servers, and is even testing artificial intelligence for labor scheduling, all aimed at faster service and better labor efficiency. Digital ordering, a robust mobile app, and a loyalty program support targeted promotions and customer retention. On the menu side, BJ’s continues to refresh its core offerings—especially pizza—and leverages its craft beer and signature desserts as brand anchors. A new restaurant prototype is intended to be more efficient and scalable. These initiatives could improve both the guest experience and profitability, but they also require ongoing capital and careful execution.

Summary

BJ’s Restaurants shows a business that has largely recovered from the pandemic shock but is still operating on relatively thin margins and limited financial slack. Revenue trends are encouraging and profits have shifted back into positive territory, supported by a distinctive brand built around craft beer, a wide menu, and notable signature items. The balance sheet and cash flows are adequate but not deeply cushioned, which makes consistent execution and cost control especially important. The company’s emphasis on technology, menu innovation, and an updated restaurant format reflects a clear effort to sharpen its identity and efficiency. Overall, BJ’s is a differentiated casual dining concept with visible strengths in brand and innovation, balanced by financial and competitive pressures that leave little room for missteps.

NEWS

November 12, 2025 · 8:30 AM UTC

BJ'S RESTAURANTS INTRODUCES TWO NEW SEASONAL FLAVORS TO THEIR WORLD-FAMOUS PIZOOKIE® LINEUP JUST IN TIME FOR THE HOLIDAYS

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November 6, 2025 · 8:30 AM UTC

BJ's RESTAURANT REMIXES ITS ICONIC DEEP DISH PIZZA, TAKING THE BELOVED CLASSIC TO ALL NEW HEIGHTS

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October 30, 2025 · 4:02 PM UTC

BJ's Restaurants, Inc. Reports Fiscal Third Quarter 2025 Results

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September 3, 2025 · 8:30 AM UTC

BJ's Restaurant & Brewhouse® Joins the Fight Against Childhood Hunger in Partnership with No Kid Hungry

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