BT Brands, Inc.

BT Brands, Inc.

BTBD
BT Brands, Inc.US flagNASDAQ Capital Market
1.19
USD
+0.02
- -
7.36MMarket Cap
BT Brands, Inc.
BTBD
(NASDAQ Capital Market)

Recent

price

1.19

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.74
1.6
2.02
1.93
1.95
2.25
2.39
- -
2.13
Revenue per Share
0.01
-0.12
0.2
0.14
-0.09
-0.14
-0.37
- -
-0.18
Basic EPS, GAAP
- -
0.01
0.31
0.14
-0.04
-0.12
-0.19
- -
0.07
Free Cash Flow per Basic Share
0.01
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-0.38
-0.49
-0.3
-0.13
-0.18
-0.33
-0.7
- -
-0.94
Book Value per Share
-0.26
-0.37
-0.17
2.42
1.4
1.3
0.94
- -
0.75
Tangible Book Value per Share
4
4
4
4
6
6
6
- -
6
Basic Weighted Avg Shares
7
6
8
8
13
14
15
13
13
Sales/Revenue/Turnover
1.17
-1.24
8.82
11.6
-3.1
-9.82
-11.54
-2.91
-2.54
Operating Margin (%)
- -
- -
- -
- -
- -
1
1
1
1
Depreciation Expense
- -
- -
1
1
-1
-1
-2
-1
-1
Net Income, GAAP
39.75
- -
14.1
24.76
- -
- -
- -
- -
- -
Effective Tax Rate (%)
0.3
-7.2
9.71
7.19
-4.46
-6.3
-15.59
-5.1
-8.47
Profit Margin (%)
- -
- -
- -
12
7
6
4
5
4
Working Capital
4
3
3
3
4
4
4
3
3
LT Debt
-1
-1
-1
11
10
9
7
6
6
Total Equity
- -
- -
25.35
8.8
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
54.12
33.54
- -
- -
- -
- -
-467.13
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1
1
1
LT Borrowings
2
2
2
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
6
6
Market Capitalization
12
9
11

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
7
6
5
Cash, Cash Equivalents & STI
5
4
4
Accounts Receivable, Net
- -
- -
- -
Inventories
1
1
1
Total Current Liabilities
1
1
1
Payables & Accruals
- -
1
1
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-331.87%
-7.85%
Free Cash Flow
- -
-12.53%
-109.27%
Net Income, GAAP
- -
-13.54%
-70.24%
Sales/Revenue/Turnover
- -
12.13%
-9.02%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3
4
4
3
15
2025
3
4
4
3
13
2026
3
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.07
-0.01
-0.04
- -
-0.37
2025
-0.05
0.01
0.15
- -
- -
2026
-0.12
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
BT Brands, Inc. (Nasdaq: BTBD) owns and operates quick-service restaurants primarily in the north central United States, focusing on fast-food concepts offering burgers and complementary menu items. The company runs approximately eight Burger Time locations in Minnesota, North Dakota, and South Dakota, where it serves 100% pure beef burgers including its signature Bigger Burger, chicken sandwiches, pulled pork sandwiches, chicken tenders or chunks, street tacos, side dishes such as cheese curds and funnel fries, sweet treats like apple pie and milk shakes, and soft drinks; it also operates one Dairy Queen franchise in Ham Lake, Minnesota, providing burgers, chicken, sides, ice cream desserts, and beverages. Through a 40.8%-owned affiliate, Bagger Dave's Burger Tavern, Inc. (OTC: BDVB), BT Brands supports six casual dining locations in Michigan, Ohio, and Indiana offering burgers, pizzas, fries, beers, milkshakes, salads, and related items, alongside other minor holdings such as Keegan's Seafood Grille in Florida, Pie In The Sky Coffee and Bakery in Massachusetts, and Village Bier Garten in Florida. Founded in 1987 and headquartered at 405 Main Avenue West, Suite 2D, West Fargo, North Dakota, the company targets value-conscious diners via drive-thru and on-premise service in smaller markets. In recent strategic shifts, BT Brands pursues diversification beyond restaurants through a definitive merger agreement announced in September 2025 with Aero Velocity Inc., a drone services provider, under which a subsidiary merges with Aero Velocity to form a wholly-owned unit supported by $3 million to $5 million in equity from Aero Velocity shareholders, aiming to enter the growing UAV market for government and commercial clients; it also evaluates broader opportunities in biotechnology, cryptocurrency, and other sectors following a review initiated in 2024, while its Bagger Dave's affiliate negotiates the sale of five locations expected to close in Q3 2025 to enable repositioning as a merger platform, with both processes targeting completion by year-end 2025.

Company News

APIChat
  • BT Brands Reports First Quarter 2026 Results

  • BT Brands Terminates Merger Agreement with Aero Velocity and Reaffirms Commitment to Maximizing Shareholder Value

  • BT Brands, Inc. Announces Its Merger Partner, Aero Velocity, Has Entered into Strategic Partnership with AC Future to Develop Advanced Mobile Drone Launch Technologies for the U.S. Military

  • BT Brands Reports 2025 Results, Delivers 138% EBITDA Growth and Advances Transformational Aero Velocity Merger

  • AeroShield Alliance Establishes Mississippi Headquarters

  • Aero Velocity and HMT Announce Strategic Agreement to Scale Drone & Robotics Inspections

  • Aero Velocity and SoftWash Systems Launch Strategic Alliance to Drive 2026 Growth

  • BT Brands (NASDAQ:BTBD) Trading Down 0.7% – Here’s Why

  • Bagger Dave's Completes Sale of Chesterfield Location

  • BT Brands Reports Record Third-quarter 2025 Profit of $0.15 per Share

  • BTBD Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of BT Brands, Inc. Is Fair to Shareholders

  • BT Brands and Aero Velocity Announce Execution of Definitive Merger Agreement

  • BT Brands, Inc. to Pursue Strategic Initiatives, Including Potential Merger

  • CORRECTING and REPLACING BT Brands Reports First Quarter 2025 Results

  • BT Brands Reports First Quarter 2025 Results

  • BT Brands Reports 2024 Results

  • BT Brands Reports Third Quarter 2024 Results

  • BT Brands Files Notice of Exempt Solicitation to Update Noble Roman's Shareholders Not to Vote in Current Proxy

  • BT Brands Reports Second Quarter 2024 Results

  • BT Brands Board of Directors Authorizes Share Repurchase