Barnwell Inds Financials
This page shows Barnwell Inds (BRN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Barnwell Inds has an operating margin of 0.2%, meaning the company retains $0 of operating profit per $100 of revenue. This below-average margin results in a low score of 23/100, suggesting thin profitability after operating expenses. This is down from 1.7% the prior year.
Barnwell Inds's revenue declined 24.2% year-over-year, from $18.1M to $13.7M. This contraction results in a growth score of 0/100.
Barnwell Inds has a moderate D/E ratio of 1.97. This balance of debt and equity financing earns a leverage score of 62/100.
Barnwell Inds's current ratio of 1.11 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 17/100, which could limit financial flexibility.
While Barnwell Inds generated -$1.8M in operating cash flow, capex of $254K consumed most of it, leaving -$2.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Barnwell Inds generates a -101.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -42.7% the prior year.
Barnwell Inds scores 0.86, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($13.8M) relative to total liabilities ($13.8M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Barnwell Inds passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Barnwell Inds generates $0.25 in operating cash flow (-$1.8M OCF vs -$7.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Barnwell Inds earns $4.3 in operating income for every $1 of interest expense ($30K vs $7K). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Barnwell Inds generated $13.7M in revenue in fiscal year 2025. This represents a decrease of 24.2% from the prior year.
Barnwell Inds's EBITDA was $3.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 39.5% from the prior year.
Barnwell Inds reported -$7.1M in net income in fiscal year 2025. This represents a decrease of 27.6% from the prior year.
Barnwell Inds earned $-0.71 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 26.8% from the prior year.
Cash & Balance Sheet
Barnwell Inds generated -$2.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 520.5% from the prior year.
Barnwell Inds held $2.9M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Barnwell Inds's operating margin was 0.2% in fiscal year 2025, reflecting core business profitability. This is down 1.5 percentage points from the prior year.
Barnwell Inds's net profit margin was -51.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 21.1 percentage points from the prior year.
Barnwell Inds's ROE was -101.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 58.7 percentage points from the prior year.
Capital Allocation
Barnwell Inds invested $254K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 94.0% from the prior year.
BRN Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.6M-4.2% | $2.7M-8.5% | $3.0M-6.0% | $3.2M-10.6% | $3.6M-9.3% | $3.9M+43.8% | $2.7M-39.3% | $4.5M |
| Cost of Revenue | $2.1M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $424K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.6M0.0% | $1.6M-7.3% | $1.7M-6.6% | $1.9M-13.6% | $2.2M+85.9% | $1.2M-0.3% | $1.2M-10.4% | $1.3M |
| Operating Income | -$32K-147.1% | $68K+109.9% | -$690K-1426.9% | $52K-93.3% | $773K+836.2% | -$105K-200.0% | -$35K-109.8% | $358K |
| Interest Expense | N/A | N/A | $2K-50.0% | $4K+300.0% | $1K | $0+100.0% | -$2K | $0 |
| Income Tax | -$74K0.0% | -$74K-15.6% | -$64K-88.2% | -$34K-121.0% | $162K+2214.3% | $7K-73.1% | $26K+23.8% | $21K |
| Net Income | -$1.4M0.0% | -$1.4M+41.3% | -$2.4M-56.7% | -$1.6M-28.4% | -$1.2M+37.0% | -$1.9M-1.8% | -$1.9M-51.1% | -$1.2M |
| EPS (Diluted) | $-0.130.0% | $-0.13 | N/A | $-0.15-25.0% | $-0.12+36.8% | $-0.19 | N/A | $-0.12 |
BRN Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $21.5M0.0% | $21.5M+3.1% | $20.8M-12.4% | $23.8M-2.5% | $24.4M-6.3% | $26.0M-15.2% | $30.7M-2.3% | $31.4M |
| Current Assets | $5.8M0.0% | $5.8M+11.4% | $5.2M+27.0% | $4.1M-14.1% | $4.8M-19.8% | $6.0M-32.7% | $8.9M-9.1% | $9.8M |
| Cash & Equivalents | $3.6M0.0% | $3.6M+25.5% | $2.9M+150.1% | $1.2M-19.4% | $1.4M-26.8% | $2.0M-54.3% | $4.3M-2.5% | $4.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $908K0.0% | $908K-0.5% | $913K-19.1% | $1.1M-9.0% | $1.2M-35.8% | $1.9M+31.1% | $1.5M-49.9% | $2.9M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $13.3M0.0% | $13.3M-3.7% | $13.8M-9.1% | $15.2M+6.7% | $14.2M-3.3% | $14.7M-16.5% | $17.6M+7.4% | $16.4M |
| Current Liabilities | $4.0M0.0% | $4.0M-15.3% | $4.7M-13.1% | $5.4M+12.1% | $4.9M-9.0% | $5.3M-31.7% | $7.8M+20.5% | $6.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $8.2M0.0% | $8.2M+16.4% | $7.0M-18.2% | $8.6M-15.5% | $10.1M-10.2% | $11.3M-13.5% | $13.0M-13.0% | $15.0M |
| Retained Earnings | -$7.9M0.0% | -$7.9M-21.9% | -$6.5M-59.5% | -$4.1M-61.3% | -$2.5M-91.3% | -$1.3M-322.2% | $595K-76.0% | $2.5M |
BRN Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.8M0.0% | -$1.8M-189.7% | -$610K-97.4% | -$309K-225.3% | -$95K+87.5% | -$759K-310.2% | $361K-73.2% | $1.3M |
| Capital Expenditures | $28K0.0% | $28K | N/A | N/A | N/A | $2.5M | N/A | N/A |
| Free Cash Flow | -$1.8M0.0% | -$1.8M | N/A | N/A | N/A | -$3.3M | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | -$1.7M-51.0% | -$1.1M-102.0% | -$545K |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | $0 | $0+100.0% | -$3K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
BRN Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.1% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -1.2%-3.7pp | 2.5%+25.5pp | -23.0%-24.6pp | 1.6%-20.0pp | 21.7%+24.3pp | -2.7%-1.4pp | -1.3%-9.2pp | 7.9% |
| Net Margin | -54.2%-2.3pp | -51.9%+29.0pp | -80.9%-32.4pp | -48.6%-14.7pp | -33.8%+14.9pp | -48.7%+20.1pp | -68.8%-41.2pp | -27.7% |
| Return on Equity | -17.5%0.0pp | -17.5%+17.2pp | -34.7%-16.6pp | -18.1%-6.2pp | -11.9%+5.1pp | -17.0%-2.5pp | -14.4%-6.1pp | -8.3% |
| Return on Assets | -6.6%0.0pp | -6.6%+5.0pp | -11.7%-5.2pp | -6.5%-1.6pp | -5.0%+2.4pp | -7.4%-1.2pp | -6.1%-2.2pp | -4.0% |
| Current Ratio | 1.460.0 | 1.46+0.3 | 1.11+0.3 | 0.76-0.2 | 0.99-0.1 | 1.12-0.0 | 1.14-0.4 | 1.51 |
| Debt-to-Equity | 1.630.0 | 1.63-0.3 | 1.97+0.2 | 1.77+0.4 | 1.40+0.1 | 1.30-0.0 | 1.35+0.3 | 1.09 |
| FCF Margin | -68.3%-2.9pp | -65.4% | N/A | N/A | N/A | -83.6% | N/A | N/A |
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Frequently Asked Questions
What is Barnwell Inds's annual revenue?
Barnwell Inds (BRN) reported $13.7M in total revenue for fiscal year 2025. This represents a -24.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Barnwell Inds's revenue growing?
Barnwell Inds (BRN) revenue declined by 24.2% year-over-year, from $18.1M to $13.7M in fiscal year 2025.
Is Barnwell Inds profitable?
No, Barnwell Inds (BRN) reported a net income of -$7.1M in fiscal year 2025, with a net profit margin of -51.9%.
What is Barnwell Inds's EBITDA?
Barnwell Inds (BRN) had EBITDA of $3.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Barnwell Inds's operating margin?
Barnwell Inds (BRN) had an operating margin of 0.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Barnwell Inds's net profit margin?
Barnwell Inds (BRN) had a net profit margin of -51.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Barnwell Inds's return on equity (ROE)?
Barnwell Inds (BRN) has a return on equity of -101.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Barnwell Inds's free cash flow?
Barnwell Inds (BRN) generated -$2.0M in free cash flow during fiscal year 2025. This represents a -520.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Barnwell Inds's operating cash flow?
Barnwell Inds (BRN) generated -$1.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Barnwell Inds's total assets?
Barnwell Inds (BRN) had $20.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Barnwell Inds's capital expenditures?
Barnwell Inds (BRN) invested $254K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Barnwell Inds's current ratio?
Barnwell Inds (BRN) had a current ratio of 1.11 as of fiscal year 2025, which is considered adequate.
What is Barnwell Inds's debt-to-equity ratio?
Barnwell Inds (BRN) had a debt-to-equity ratio of 1.97 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Barnwell Inds's return on assets (ROA)?
Barnwell Inds (BRN) had a return on assets of -34.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Barnwell Inds's cash runway?
Based on fiscal year 2025 data, Barnwell Inds (BRN) had $2.9M in cash against an annual operating cash burn of $1.8M. This gives an estimated cash runway of approximately 20 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Barnwell Inds's Altman Z-Score?
Barnwell Inds (BRN) has an Altman Z-Score of 0.86, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Barnwell Inds's Piotroski F-Score?
Barnwell Inds (BRN) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Barnwell Inds's earnings high quality?
Barnwell Inds (BRN) has an earnings quality ratio of 0.25x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Barnwell Inds cover its interest payments?
Barnwell Inds (BRN) has an interest coverage ratio of 4.3x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Barnwell Inds?
Barnwell Inds (BRN) scores 17 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.