BJs RESTAURANTS INC

Listed Company

BJRICIK 0001013488NasdaqLarge AcceleratedRetail-Eating PlacesCaliforniaFY ends Jan 3

Period

FY 2025

Revenue

$1.40B

Net Income

$48.81M

Total Assets

$1.02B

Equity

$366.19M

Shares Out

21.20M

Op. Cash Flow

$110.51M

Business

BJs RESTAURANTS INC operates a national full-service restaurant chain focused on delivering a high-energy, hospitality-driven dining experience. It offers a broad menu including signature deep-dish pizzas, slow-roasted entrées, EnLIGHTened Entrees®, the Pizookie® dessert, a full bar and proprietary BJ’s craft beers brewed in-house and by third parties. Its operations include restaurant operations and support functions, in-house brewing and standalone brewpubs, off‑premise catering, delivery and digital ordering channels. The company distributes its products through company‑owned restaurants across multiple U.S. states and through third‑party beer distributors where required.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	1,399	1,357	1,333	1,284	1,087
Cost of sales	353	351	347	350	288
Labor and benefits	505	495	491	483	401
Occupancy and operating	325	316	318	306	268
General and administrative	91	88	82	73	68
Depreciation and amortization	77	73	71	70	73
Restaurant opening	663,000	2	3	4	1
Loss on disposal and impairment of assets, net	2	18	8	6	4
Total costs and expenses	1,353	1,343	1,319	1,289	1,104
Income from operations	46	14	14	−5	−17
Interest expense, net	−5	−5	−5	−3	−5
Other income (expense), net	6	−331,000	1	60,000	2
Total other income (expense)	923,000	−6	−4	−3	−3
Income before income taxes	47	8	10	−8	−19
Income tax benefit	−2	−8	−10	−12	−16
Net income	49	17	20	4	−4
Basic (per share)	2.22	0.72	0.84	0.17	−0.16
Diluted (per share)	2.16	0.7	0.82	0.17	−0.16
Basic (shares)	22	23	23	23	23
Diluted (shares)	23	24	24	24	23

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	24	26	29	25	39
Accounts and other receivables, net	18	20	19	29	29
Inventories, net	13	13	13	12	12
Prepaid expenses and other current assets	20	20	21	17	12
Total current assets	75	80	83	82	91
Property and equipment, net	502	511	525	507	506
Operating lease assets	314	337	350	369	365
Goodwill	5	5	5	5	5
Equity method investment	4	4	5	5	—
Deferred income taxes, net	67	62	50	38	25
Other assets, net	48	43	41	40	43
Total assets	1,015	1,041	1,058	1,046	1,035
Accounts payable	38	51	61	60	49
Accrued expenses	105	105	101	97	112
Current operating lease obligations	44	40	37	40	39
Total current liabilities	188	196	199	197	200
Long-term operating lease obligations	362	394	414	433	436
Long-term debt	85	67	68	60	50
Other liabilities	15	14	11	11	15
Total liabilities	649	671	693	700	701
Commitments and contingencies (Note 7)	—	—	—	—	—
Preferred stock, 5,000 shares authorized, none issued or outstanding	—	—	—	—	—
Common stock, no par value, 125,000 shares authorized and 21,114 and 22,697 shares issued and outstanding as of December 30, 2025 and December 31, 2024, respectively	—	—	—	—	—
Capital surplus	75	78	77	74	73
Retained earnings	291	292	289	271	261
Total shareholders equity	366	370	366	346	334
Total liabilities and shareholders equity	1,015	1,041	1,058	1,046	1,035

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	49	17	20	4	−4
Depreciation and amortization	77	73	71	—	—
Non-cash lease expense	35	32	33	34	31
Amortization of financing costs	226,000	211,000	217,000	221,000	511,000
Deferred income taxes, net	−5	−12	−12	−13	−19
Stock-based compensation expense	8	9	11	10	10
Extension of warrant	0	5	0	0	—
Equity method investment	200,000	500,000	200,000	0	—
Accounts and other receivables, net	2	−83,000	11	1	−2
Inventories, net	−338,000	1	−750,000	286,000	−386,000
Prepaid expenses and other current assets	−2	−2	−6	−6	−3
Other assets, net	−7	−5	−3	1	−2
Accounts payable	−9	−4	6	4	7
Accrued expenses	20,000	4	4	−14	10
Operating lease obligations	−40	−37	−37	−40	−43
Other liabilities	706,000	3	381,000	−4	877,000
Net cash provided by operating activities	111	101	106	51	64
Purchases of property and equipment	−70	−77	−99	−79	−42
Proceeds from sale of assets	43,000	7,000	3,000	7	21,000
Net cash used in investing activities	−70	−77	−99	−72	−42
Borrowings on credit facility	1,167	885	762	710	1,057
Payments on credit facility	−1,149	−886	−754	−700	−1,123
Payments of debt issuance costs	−845,000	0	0	−3,000	−791,000
Taxes paid on vested stock units under employee plans	−774,000	−1	−573,000	−381,000	−963,000
Proceeds from exercise of stock options	8	207,000	875,000	0	5
Cash dividends accrued under stock-based compensation plans	0	−13,000	−32,000	−100,000	−118,000
Repurchases of common stock	−68	−25	−11	−2	—
Net cash used in financing activities	−43	−28	−3	7	−35
Net (decrease) increase in cash and cash equivalents	−2	−3	4	−14	−13
Cash paid for income taxes	5	5	489,000	—	—
Cash paid for interest, net of capitalized interest	4	5	4	2	4
Cash paid for operating lease obligations	65	63	64	67	72
Operating lease assets obtained in exchange for operating lease liabilities	12	20	16	39	22
Receivable related to proceeds from disposal of assets	0	0	1	—	—
Property and equipment acquired and included in accounts payable	1	5	10	15	8
Stock-based compensation capitalized	168,000	357,000	380,000	326,000	310,000

Filings

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