Bt Brands Inc

itsburgertime.com

What Do They Do?

Runs restaurants serving burgers and other quick-service meals, seafood dishes, and coffee and baked goods to consumers.

How Do They Make Money?

Customers pay cash or with bank-issued credit or debit cards for food at the restaurants, with sales made at the point of purchase.

FY2025 revenue

Who Are Their Customers?

Consumers buy directly at the restaurants through drive-through, walk-up, or dine-in service; online ordering, takeout, and curbside pickup are also available, with Burger Time also using third-party delivery services.

Do Revenues Turn Into Profits?

Not on paper. It lost $687.8K in FY2025, but brought in more cash than it spent: $112K of free cash flow.

Operating income, FY2025

−3% of revenue

▼ −80% (Loss) vs FY2024 (−$1.8M, −12%)

Net income, FY2025

−5% of revenue

▼ −70% (Loss) vs FY2024 (−$2.3M, −16%)

Free cash flow, FY2025

1% of revenue

▲ Now profitable vs FY2024 (−$1.2M, −8%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 28, 2026

Revenue: ▼ −6%; vs $3.8M in Q2 FY2025
Net income: ▲ +947%; vs $55K in Q2 FY2025

Jun 1, 2026 Chief financial officer resigned Kenneth Brimmer also left the board, and no successor had been appointed.
May 7, 2026 Merger agreement with Aero Velocity was terminated BT Brands ended the deal after the registration statement was not effective by the deadline; Aero's counsel disputed the termination.

Growing. Revenue grew 60% in 4 years, from $8.5M in FY2021 to $13.5M in FY2025, about 12% a year.

Broader restaurant portfolio The older report described a fast-food operation centered on Burger Time and a Dairy Queen franchise; the latest describes seafood, coffee and bakery, and German-themed restaurants, plus a minority interest in a casual-dining operator.

Looking beyond restaurants The older report framed growth around acquiring restaurant concepts and properties; the latest adds evaluation of opportunities outside food service and a proposed combination with a company that makes unmanned aircraft and provides drone services.

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