BTBDW - BT Brands, Inc. Stock Analysis | Stock Taper
Logo
BT Brands, Inc.

BTBDW

BT Brands, Inc. NASDAQ
$0.20 2.49% (+0.00)

Market Cap $1.24 M
52w High $0.27
52w Low $0.17
P/E 1.46
Volume 4.51K
Outstanding Shares 6.15M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $2.62M $1.04M $-1.33M -50.64% $-0.22 $-1.11M
Q3-2025 $3.85M $894.14K $914.98K 23.74% $0.15 $1.08M
Q2-2025 $3.78M $1.23M $55.03K 1.46% $0.01 $219.31K
Q1-2025 $3.23M $1.11M $-329.85K -10.21% $-0.05 $-151.9K
Q4-2024 $3.17M $1.33M $-1.58M -49.66% $-0.25 $-929.32K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $4.44M $10.75M $4.33M $6.42M
Q3-2025 $4.74M $11.94M $4.21M $7.72M
Q2-2025 $3.53M $11.22M $4.43M $6.78M
Q1-2025 $3.82M $11M $4.34M $6.67M
Q4-2024 $4.27M $12M $5.03M $6.97M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $-1.33M $-117.92K $-129.29K $-184.36K $-431.57K $-103.09K
Q3-2025 $914.98K $325.18K $443.93K $-51.44K $717.67K $261.78K
Q2-2025 $55.03K $384.36K $-847.34K $-47.05K $-510.03K $384.36K
Q1-2025 $-329.85K $-306.74K $-527.71K $-46.87K $-881.31K $-431.1K
Q4-2024 $-1.58M $-526.4K $-515.97K $-91.55K $-1.13M $-800.43K

5-Year Trend Analysis

A comprehensive look at BT Brands, Inc.'s financial evolution and strategic trajectory over the past five years.

+ Strengths

Key strengths include a strong liquidity position, low leverage, and a solid equity base that together provide financial breathing room during a strategic transition. The business is capable of generating positive operating and free cash flow, even while it reports accounting losses, which supports ongoing operations without heavy reliance on new borrowing. Strategically, the planned move into AI‑enabled drone services, supported by proprietary hardware and notable partnerships, offers exposure to potentially higher‑growth, higher‑value markets than traditional restaurants.

! Risks

The main risks are ongoing unprofitability, unusual gross margin reporting, and negative retained earnings that reflect a history of losses. The corporate transformation itself adds considerable uncertainty: management must successfully execute a merger, a spin‑off, and a shift from consumer restaurants to industrial technology services, all while managing cash and maintaining operational performance. In the new drone and AI arena, the company will face rapid technological change, regulatory hurdles, and competition from both startups and large established players, with no guarantee that its current partnerships and products will translate into durable, profitable scale.

Outlook

Near‑term results are likely to be dominated by restructuring, transaction costs, and integration efforts rather than by stable underlying performance trends. Over the longer term, the company’s profile could change from a small, regionally focused restaurant operator to a more volatile but potentially higher‑growth technology services firm. The ultimate trajectory will depend on the company’s ability to improve profitability, preserve its strong balance sheet, execute the transition cleanly, and win repeat business in targeted industrial and government markets.