Barnwell Industries (BRN) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Aug 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BRN SEC filings page.
Barnwell Industries, Inc. (BRN) reported $13.7M in revenue for fiscal year 2025, down 24.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Barnwell's shrinking sales base now produces almost no operating profit, while cash generation and equity have weakened faster than reinvestment.
The switch from positive operating cash flow in FY2024 to negative operating cash flow in FY2025, alongside a deeper net loss, indicates FY2024 cash generation was not stable. Capital expenditures fell94.0% in FY2025, yet free cash flow turned negative, pointing to operations—not reinvestment—as the immediate cash constraint.
FY2025 sales fell
Assets fell
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Barnwell Industries, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Barnwell Industries, Inc. has an operating margin of 0.2%, meaning the company retains less than $1 of operating profit per $100 of revenue. This results in a moderate score of 34/100, indicating healthy but not exceptional operating efficiency. This is down from 1.7% the prior year.
Barnwell Industries, Inc.'s revenue declined 24.2% year-over-year, from $18.1M to $13.7M. This contraction results in a growth score of 1/100.
Barnwell Industries, Inc.'s current ratio of 1.11 indicates adequate short-term liquidity, earning a score of 39/100. The company can meet its near-term obligations, though with limited headroom.
Barnwell Industries, Inc.'s operations used $1.8M of cash, and capex of $254K added to the outflow, for a free cash flow shortfall of $2.0M. This results in a cash flow score of 13/100.
Barnwell Industries, Inc. posts a -101.4% return on equity (ROE), meaning it loses $101 for every $100 of shareholders' equity. This results in a returns score of 27/100. This is down from -42.7% the prior year.
Barnwell Industries, Inc. scores 0.80, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $6.5M against total assets of $20.8M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Barnwell Industries, Inc. passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) passes.
Barnwell Industries, Inc. reported a net loss of $7.1M while operations used $1.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Barnwell Industries, Inc. earns $4.29 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 Industries, Inc. generated $3.4M in revenue in Q3 2026. This represents an increase of 5.9% from the same quarter a year earlier. Against the prior quarter it is up 33.3%.
Barnwell Industries, Inc.'s EBITDA was $1.3M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 48.3% from the same quarter a year earlier. Against the prior quarter it is up 103.2%.
Barnwell Industries, Inc. reported a net loss of $440K in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Barnwell Industries, Inc. earned -$0.03 per diluted share (EPS) in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Barnwell Industries, Inc. held $4.5M in cash as of Q3 2026; no long-term debt figure is on record for that period.
Not reported for Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Barnwell Industries, Inc.'s operating margin was 23.2% in Q3 2026, reflecting core business profitability. This is up 21.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 19.5 percentage points.
Barnwell Industries, Inc.'s net profit margin was -13.0% in Q3 2026, showing the share of revenue converted to profit. This is up 35.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 32.3 percentage points.
Barnwell Industries, Inc.'s quarterly ROE was -5.0% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 13.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 9.2 percentage points.
Not reported for Q3 2026.
Capital Allocation
None of these metrics is reported for Q3 2026.
BRN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4M+5.9% | $2.5M-29.0% | $2.7M-30.2% | $3.0M-19.5% | $3.2M-29.2% | $3.6M-23.7% | $3.9M-36.1% | $3.7M-45.5% |
| SG&A Expenses | $1.4M-24.6% | $1.5M-29.6% | $1.6M+39.0% | $1.7M+39.4% | $1.9M+43.4% | $2.2M+72.1% | $1.2M-17.2% | $1.3M-5.9% |
| Operating Income | $783K+1405.8% | $93K-88.0% | $68Kn/m | -$690Kn/m | $52K-85.5% | $773Kn/m | -$105K-115.7% | -$263K-122.1% |
| EBITDA | $1.3M+48.3% | $654K-57.2% | $660K-17.4% | -$46K-106.0% | $896K-45.8% | $1.5M+133.8% | $799K-63.3% | $768K-72.5% |
| Interest Expense | $1K-75.0% | $0-100.0% | N/A | $2Kn/m | $4Kn/m | $1Kn/m | $0-100.0% | -$2K-300.0% |
| Income Tax | $108Kn/m | $6K-96.3% | -$74K-1157.1% | -$64K-346.2% | -$34K-261.9% | $162K+62.0% | $7K-89.4% | $26K-23.5% |
| Net Income | -$440Kn/m | -$1.1Mn/m | -$1.4Mn/m | -$2.4Mn/m | -$1.6Mn/m | -$1.2Mn/m | -$1.9Mn/m | -$1.9Mn/m |
| EPS (Basic) | -$0.03n/m | -$0.09n/m | -$0.13n/m | -$0.24n/m | -$0.15n/m | -$0.12n/m | -$0.19n/m | -$0.19n/m |
| EPS (Diluted) | -$0.03n/m | -$0.09n/m | -$0.13n/m | -$0.24n/m | -$0.15n/m | -$0.12n/m | -$0.19n/m | -$0.19n/m |
| Diluted Shares (Avg) | 14M+42.4% | 13M+26.0% | 11M+10.2% | N/A | 10M+0.3% | 10M+0.3% | 10M+0.5% | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
BRN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $21.5M-9.5% | $21.5M-11.6% | $21.5M-17.5% | $20.8M-32.1% | $23.8M-24.3% | $24.4M-25.6% | $26.0M-25.7% | $30.7M-13.4% |
| Current Assets | $6.5M+57.5% | $6.4M+33.9% | $5.8M-2.5% | $5.2M-41.1% | $4.1M-57.9% | $4.8M-50.3% | $6.0M-34.5% | $8.9M-2.2% |
| Cash & Equivalents | $4.5M+287.1% | $4.0M+180.4% | $3.6M+85.1% | $2.9M-32.6% | $1.2M-73.7% | $1.4M-61.1% | $2.0M-39.3% | $4.3M+51.4% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Accounts Receivable | $1.0M-10.6% | $1.1M-15.2% | $908K-53.0% | $913K-38.0% | $1.1M-61.6% | $1.2M-59.3% | $1.9M-33.5% | $1.5M-37.2% |
| Long-Term Investments | $391Kn/m | $14Kn/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $12.6M-17.3% | $13.4M-5.9% | $13.3M-9.7% | $13.8M-21.7% | $15.2M-7.4% | $14.2M-13.2% | $14.7M-12.7% | $17.6M+5.7% |
| Current Liabilities | $3.4M-37.2% | $4.3M-12.0% | $4.0M-25.0% | $4.7M-39.5% | $5.4M-16.1% | $4.9M-23.2% | $5.3M-19.7% | $7.8M+18.4% |
| Non-Current Liabilities | $9.1M-6.2% | $9.1M-2.7% | $9.3M-1.0% | $9.1M-7.5% | $9.7M-1.7% | $9.4M-7.0% | $9.4M-8.1% | $9.8M-2.7% |
| Total Equity | $8.9M+3.6% | $8.1M-19.8% | $8.2M-27.7% | $7.0M-46.3% | $8.6M-42.8% | $10.1M-38.1% | $11.3M-37.8% | $13.0M-30.4% |
| Retained Earnings | -$9.5Mn/m | -$9.1Mn/m | -$7.9Mn/m | -$6.5M-1193.8% | -$4.1M-264.6% | -$2.5M-167.9% | -$1.3M-124.1% | $595K-90.3% |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
BRN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$677Kn/m | -$655Kn/m | -$1.8Mn/m | -$610K-269.0% | -$309K-122.9% | -$95K-105.8% | -$759K-155.2% | $361K-79.8% |
| Depreciation & Amortization | $546K-35.3% | $561K-25.6% | $592K-34.5% | $644K-24.7% | $844K-34.8% | $754K-43.8% | $904K-40.2% | $855K-46.5% |
| Stock-Based Compensation | $21Kn/m | $20Kn/m | $94K+36.2% | N/A | $0 | $0 | $69K+6.2% | N/A |
| Capital Expenditures | N/A | N/A | $28K-98.9% | N/A | N/A | N/A | $2.5M | N/A |
| Free Cash Flow | N/A | N/A | -$1.8Mn/m | N/A | N/A | N/A | -$3.3M | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | -$1.7Mn/m | -$1.1Mn/m |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | $0n/m | $0n/m |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% |
Not reported in any period shown, so not listed: Share Buybacks.
BRN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 23.2%+21.5pp | 3.7%-18.0pp | 2.5%+5.2pp | -23.0%-15.9pp | 1.6%-6.3pp | 21.7%+36.4pp | -2.7%-13.5pp | -7.0%-24.4pp |
| Net Margin | -13.0%+35.5pp | -45.4%-11.5pp | -51.9%-3.2pp | -80.9%-30.4pp | -48.6%-20.9pp | -33.8%+4.1pp | -48.7%-37.9pp | -50.5%-49.1pp |
| Return on Equity | -5.0%+13.1pp | -14.1%-2.2pp | -17.5%-0.5pp | -34.7%-20.2pp | -18.1%-9.8pp | -11.9%-1.1pp | -17.0%-13.3pp | -14.4%-13.9pp |
| Return on Assets | -2.1%+4.5pp | -5.3%-0.4pp | -6.6%+0.7pp | -11.7%-5.5pp | -6.5%-2.5pp | -5.0%+0.5pp | -7.4%-5.5pp | -6.1%-5.9pp |
| Current Ratio | 1.90+1.1x | 1.50+0.5x | 1.46+0.3x | 1.110.0x | 0.76-0.8x | 0.99-0.5x | 1.12-0.3x | 1.14-0.2x |
| Liabilities-to-Equity | 1.41-0.4x | 1.65+0.2x | 1.63+0.3x | 1.97+0.6x | 1.77+0.7x | 1.40+0.4x | 1.30+0.4x | 1.35+0.5x |
| Asset Turnover | 0.160.0x | 0.120.0x | 0.130.0x | 0.140.0x | 0.130.0x | 0.150.0x | 0.150.0x | 0.12-0.1x |
| FCF Margin | N/A | N/A | -65.4%+18.2pp | N/A | N/A | N/A | -83.6% | N/A |
Not reported in any period shown, so not listed: Gross Margin, Debt-to-Equity.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Barnwell Industries, Inc. BRN | FY2025 | $13.7M | -$7.1M | -51.9% | $12.6M | 24/100 |
| Trio Petroleum Corp. TPET | FY2025 | $399K | -$7.3M | N/A | $10.3M | — |
| EON Resources Inc. EONR | FY2025 | $16.9M | -$7.5M | -44.1% | $17.1M | 22/100 |
| CKX Lands, Inc. CKX | FY2025 | $839K | $3.0M | N/A | $21.4M | — |
| Indonesia Energy Corporation Limited INDO | FY2025 | $2.0M | -$5.1M | N/A | $41.4M | 37/100 |
Where Barnwell Industries, Inc. Ranks
Frequently Asked Questions
Barnwell Industries, Inc. (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.
Barnwell Industries, Inc. (BRN) revenue declined by 24.2% year-over-year, from $18.1M to $13.7M in fiscal year 2025.
No, Barnwell Industries, Inc. (BRN) reported a net loss of $7.1M in fiscal year 2025, with a net profit margin of -51.9%.
Barnwell Industries, Inc. (BRN) had EBITDA of $3.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Barnwell Industries, Inc. (BRN) had an operating margin of 0.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Barnwell Industries, Inc. (BRN) had a net profit margin of -51.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Barnwell Industries, Inc. (BRN) has a return on equity of -101.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Barnwell Industries, Inc. (BRN) recorded an outflow of $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.
Barnwell Industries, Inc. (BRN) recorded an outflow of $1.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Barnwell Industries, Inc. (BRN) had $20.8M in total assets as of fiscal year 2025, including both current and long-term assets.
Barnwell Industries, Inc. (BRN) invested $254K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Barnwell Industries, Inc. (BRN) had a current ratio of 1.11 as of fiscal year 2025, which is considered adequate.
Barnwell Industries, Inc. (BRN) had a liabilities-to-equity ratio of 1.97 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
Barnwell Industries, Inc. (BRN) had a return on assets of -34.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Barnwell Industries, Inc. (BRN) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $12.6M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Barnwell Industries, Inc. (BRN) trades at 1.1x sales, its market capitalization divided by $11.7M revenue, trailing 12 months to June 30, 2026. The market capitalization is $12.6M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
At the end of fiscal year 2025, Barnwell Industries, Inc. (BRN) held $2.9M in cash, cash equivalents and investments, and reported an operating cash outflow of $1.8M over that year. Dividing the one by the other, the reported balance equals about 20 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Barnwell Industries, Inc. (BRN) has an Altman Z-Score of 0.80, 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.
Barnwell Industries, Inc. (BRN) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Barnwell Industries, Inc. (BRN) reported a net loss of $7.1M while operations used $1.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.
Barnwell Industries, Inc. (BRN) has an interest coverage ratio of 4.29x, 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.
Barnwell Industries, Inc. (BRN) scores 24 out of 100 on our Financial Health Score, indicating weak standing within its energy companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.