BT Brands, Inc. (BTBD) AI Stock Analysis
BTBD AI stock analysis summary
AI ResearchBT Brands, Inc. (BTBD) operates fast-food restaurants in the north central United States, including nine Burger Time locations and a Dairy Queen franchise. Over the trailing twelve months, the company generated revenue of $12.9M with a net profit margin of -4.6%. Although FY2025 revenue declined 9.0% to $13.5M, the business maintained net cash of $2.8M as of June 30, 2026.
- Market cap
- $10.1M
- Revenue (TTM)
- $12.9M
- P/E
- —
- 1Y return
- -5.8% S&P 500 16.8%
- Avg. target
- —
Bull case
- BT Brands holds a healthy liquidity position with $4.4M in cash and short-term investments, net cash of $2.8M, and a current ratio of 4.48 as of June 30, 2026.
- The company generated positive free cash flow of $111,951 in FY2025, recovering from -$1.2M in FY2024.
- In the quarter ended June 30, 2026, quarterly earnings grew 906.6% year-over-year while the company has beaten EPS estimates in 3 of the last 4 quarters.
Bear case
- Revenue declined 9.0% in FY2025 to $13.5M, and trailing twelve months revenue further compressed to $12.9M.
- The company remains unprofitable over the trailing twelve months, generating a profit margin of -4.6% and an EPS of -$0.09.
- Valuation is elevated relative to peers on cash flow metrics, with an EV to EBITDA multiple of 73.8x compared to the peer median of 11.1x.
What BT Brands does
BT Brands, Inc. is an operator of fast-food restaurants based in West Fargo, North Dakota, primarily serving the north central region of the United States. Founded in 1987, the company manages nine Burger Time locations across Minnesota, North Dakota, and South Dakota. Its menu features burgers, chicken sandwiches, pulled pork sandwiches, side dishes, and soft drinks. In addition, the company oversees a Dairy Queen franchise in Ham Lake, Minnesota, serving burgers, chicken dishes, sides, beverages, and an assortment of ice cream treats and desserts. As of the latest reporting, the company employs 28 people.
Growth and profitability
Between FY2021 and FY2024, BT Brands increased revenue from $8.5M to $14.8M before sales fell 9.0% to $13.5M in FY2025. Gross margin stood at 28.8% in FY2025, recovering from 20.8% in FY2024. However, the company has posted annual net losses since FY2022, reporting net income of -$2.3M in FY2024 and -$687,839 in FY2025, alongside EPS of -$0.11. Operating cash flow improved to $284,876 in FY2025, supporting free cash flow of $111,951. Over the trailing twelve months, revenue was $12.9M with an operating margin of 3.3%. In the quarter ended June 30, 2026, quarterly revenue fell 6.1% year-over-year, while quarterly earnings grew 906.6%.
Balance sheet and cash flow
As of June 30, 2026, BT Brands held cash and short-term investments of $4.4M against total debt of $1.7M, yielding net cash of $2.8M. Total assets stood at $10.5M with shareholders' equity of $6.3M. The company maintains strong liquidity, reflected in a current ratio of 4.48 and a conservative debt-to-equity ratio of 0.26. In FY2025, capital expenditures were $172,925, while share buybacks totaled $142,794. Over the past five years, the share count increased by 52.5%.
Valuation and performance
BT Brands has a market cap of $10.1M and an enterprise value of $10.4M. The stock trades at a price-to-sales multiple of 0.8x and an enterprise value to revenue of 0.8x, compared to a price-to-sales ratio of 0.7x for the median of its US-listed Consumer Cyclical peers. Its EV to EBITDA ratio of 73.8x is significantly higher than the peer median of 11.1x, while its price-to-book ratio is 1.8x. Over the past year, BT Brands shares returned -5.8%, trailing the S&P 500 (SPY) return of 16.8%, though the stock is up 17.3% year-to-date as of October 16, 2026.
What analysts expect
There are no analyst rating counts or price targets provided for BT Brands. The company has beaten EPS expectations in 3 of the last 4 quarters. Its next earnings announcement is scheduled for November 16, 2026. Institutional investors hold 3.6% of the company's shares, while insiders hold 33.8% and short interest accounts for 0.8% of the float.
Key risks and what to watch
- Ongoing top-line weakness is evident as quarterly revenue fell 6.1% year-over-year in the period ended June 30, 2026.
- Operating performance has been negative in four of the last five fiscal years, including an operating margin of -2.9% in FY2025.
- Shareholder dilution has occurred over time, with the company's share count increasing 52.5% over the five-year period.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this BTBD AI stock analysis
This page is an AI-written research summary of BT Brands, Inc. (BTBD). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: BTBD income statement, BTBD balance sheet, BTBD key metrics, BTBD chart. See the BTBD stock overview for the latest quote and news.
BTBD AI stock analysis FAQ
What restaurants does BT Brands operate?
BT Brands operates nine Burger Time locations across Minnesota, North Dakota, and South Dakota, as well as a Dairy Queen franchise in Ham Lake, Minnesota.
What is BT Brands' financial position regarding cash and debt?
As of June 30, 2026, BT Brands held $4.4M in cash and short-term investments and $1.7M in total debt, giving it $2.8M in net cash and a current ratio of 4.48.
Is BT Brands profitable?
Over the trailing twelve months, BT Brands was not profitable, recording a net profit margin of -4.6% and an EPS of -$0.09, though its operating margin was 3.3%.
What is BT Brands' stock performance and valuation?
At a closing price of $1.63 on October 16, 2026, the company had a market cap of $10.1M and traded at an EV to EBITDA multiple of 73.8x, with a 1-year return of -5.8%.