BREAD FINANCIAL HOLDINGS, INC. · Personal Credit Institutions

BFH

Low riskNext report: Around Jan 28, 2027 (est.)

View price ↗

The short version

A high-quality, profitable business with steady sales. Institutions are trimming.

Going well

Profitable every year for 10 years
Brings in more cash than it spends
Buying back shares: share count down 4.8% in 3 years

Money moves

No insider buying or selling in the last 30 days
Institutions cut 9.4% from their holdings in the quarter ending June 2026 (195 bought, 198 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$101.68+1.8% that day

Company value: $3.9B; Share price times all shares
Price vs profit (P/E): 8.0x; You pay about $8 for each $1 of yearly profit
Price vs sales: 0.96x; Company value is 0.96 times a year of sales
Dividend yield: 0.8%; Yearly dividend as a share of today's price
Cash vs value: 103%; A big cushion: cash is a large part of what the company is worth
Debt vs value: 112%; Owes more than the whole company is worth

From BFH's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Sep '26

$1.0B+4.7% vs a year earlier

Dec '23Tap a barSep '26

Last 12 months: $4.0B, up 5.5% from the 12 months before. Over 5 years, sales shrank about 3.2% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of BFH. Starting points are the company's recent numbers.

Sales growth+5% a yearRecently: +5.5% a yearProfit margin13%Last 12 months: 13.4%P/E at the end8xToday: 8.0x. Many steady companies trade at 12x to 25xShare count change-2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$5.1B

Profit in 5 years$664M

Price these guesses point to$154.84+52% vs $101.68 todayAbout +8.8% a year, before dividends

What today's price needs: with a 13% margin and a 8x P/E, sales could shrink about 3.5% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

5/6Strong

PassReturn on equity 15%+Earns a lot on the money owners have in the business.16.2%
MissDebt under half of equityNot relying on borrowed money.1.29x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.13.5%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$2.1B
PassShare count not growingNot diluting owners. Falling means buybacks.-4.8% in 3 years

Revenue: $3.8B; +0.2% vs prior year
5-year growth: -3.2%/yr; revenue, per year
Total debt: $4.3B; 1.29x equity
Free cash flow: $2.1B; 54.4% of revenue

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Sep 30, 2026

Reported Oct 22Before open6:46 am ET

Revenue: $1.0B; +4.7% YoY
EPS: $3.82; vs $3.96
Free cash flow: $601.0M
Share count: -17.3%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

68/ 100

This week: 2
Normal week: 1.0
vs normal: 2.1x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Distributing-9.4%

Institutions cut 9.4% from their holdings. 195 bought, 198 sold. 3 quarters of net selling in a row.

Shares held by institutions39.3M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-8.3%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

1.3x · $4.3B debt

Shares outstandingLatest reported

38M

Earnings reports

Last 12

Next reportAround Jan 28, 2027 (est.)Estimated from the same quarter last year

Results filedOct 22
Results filedJul 23
Results filedApr 23
Results filedJan 29
Results filedOct 23, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Offering prospectusOct 27 · View filing ↗Offering 5%+ holder update (passive)Aug 14 · View filing ↗Big holder Offering prospectusMay 6 · View filing ↗Offering Offering prospectusMay 5 · View filing ↗Offering

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Quarterly reportOct 27 · Form 10-Q ↗Other company newsOct 27 · Form 8-K ↗Offering prospectusOct 27 · Form 424B5 ↗FWPOct 27 · Form FWP ↗Earnings resultsOct 22 · Form 8-K ↗Investor disclosureOct 22 · Form 8-K ↗

Stock awardJohn C GerspachDirector

704 shares

+1% of holdings
Now owns 50,278 shares
Filed 4 days after trade

Oct 15Form 4 ↗

BoughtDennis James MccarthyEVP, Chief Revenue Officer

16 shares at $108.14 · $2K

+0% of holdings
Now owns 29,546 shares
Filed 2 days after trade

Sep 14Form 4 ↗

Investor disclosureSep 15 · Form 8-K ↗New insiderSep 10 · Form 3 ↗Major agreementSep 8 · Form 8-K ↗Investor disclosureAug 17 · Form 8-K ↗5%+ holder update (passive)Aug 14 · Form SCHEDULE 13G/A ↗

SoldPraniti LakhwaraDirector

2,802 shares at $106.12 · $297K

-39% of holdings
Now owns 4,458 shares
Not a pre-planned sale
Filed 1 day after trade

Jul 28Form 4 ↗

Quarterly reportJul 28 · Form 10-Q ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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