BJs Restaurants (BJRI) FY2025 results: revenue $1.4 billion, up 3.1% on the year
BJs Restaurants Inc. (BJRI) reported revenue of $1.4 billion for fiscal 2025, the year ended 30 December 2025, up 3.1% on the year before. Net income was $49 million, up 192.5%, and diluted earnings per share $2.16. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2026.
Revenue
$1.4 billion
+3.1% on the year
FY2018FY2025
Operating margin
3.3%
1.0% a year earlier
FY2018FY2025
Net income
$49 million
+192.5% on the year
FY2018FY2025
Diluted EPS
$2.16
+208.6% on the year
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 5 new.
Quarter revenue and comparable sales rose: Fourth-quarter revenues reached $355.4 million, up 3.2%, with comparable restaurant sales up 2.6%.
Traffic rose over 4% in quarter: Management credited value, product news and operational fundamentals for traffic growth of over 4% in the quarter.
Restaurant margin up 70 basis points: Restaurant level operating profit was $57.2 million, up 8.2%, at a 16.1% margin; management cited a fifth consecutive quarter of margin expansion.
Adjusted EPS up 39.2% to $0.66: Adjusted diluted net income per share was $0.66, up from $0.47; the company reports this as a non-GAAP measure.
2026 ranges set for five measures: Management gave fiscal 2026 ranges or caps for comparable sales, restaurant level operating profit, Adjusted EBITDA, capital expenditures and share repurchases.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
111
101
106
+8.9%
Capital expenditure
69.6
76.9
98.9
-9.5%
Free cash flow
40.9
24.6
6.9
+66.5%
Free cash flow margin
2.9%
1.8%
0.5%
Cash from investing
-69.6
-76.9
-98.9
Cash from financing
-43.3
-27.6
-2.7
Depreciation and amortisation
76.6
72.7
71.0
+5.3%
Share-based compensation
8.1
8.6
10.9
-6.0%
Buybacks
67.8
25.1
11.0
+169.7%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
23m
24m
24m
-4.8%
Shares outstanding at period end
21m
23m
23m
-7.0%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
366
370
366
-1.0%
Debt
85.0
66.5
68.0
+27.8%
Operating lease liabilities
362
394
414
-8.2%
Other liabilities
203
210
211
-3.7%
Total liabilities and equity
1,015
1,041
1,058
-2.5%
Fixed assets
502
511
525
-1.7%
Goodwill
4.7
4.7
4.7
0.0%
Intangible assets
0.1
n/a
n/a
Cash and equivalents
23.8
26.1
29.1
-8.9%
Receivables
18.4
20.4
19.5
-9.9%
Other assets
466
479
480
-2.7%
Total assets
1,015
1,041
1,058
-2.5%
10-K for the year ended 30 December 2025, filed 2 March 2026: the filing.