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Berry Corporation (bry) (BRY) Financials

BRY
Trailing 12 months to September 30, 2025
Revenue $671.4M -17.7% YoY
Net Income -$90.9M -208.7% YoY
EPS (Diluted) -$1.18 -209.3% YoY
Operating Cash Flow $171.3M -30.9% YoY
Source SEC Filings (10-K/10-Q) Latest period Q3 FY2025, ended Sep 30, 2025 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q3 FY2025, filed Nov 5, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BRY SEC filings page.

Berry Corporation (bry) (BRY) reported $671.4M in revenue over the twelve months to Sep 30, 2025, down 17.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).

Rhea AI BRY FY2024

Berry’s reported earnings are thin, but cash generation remains much larger because depreciation shapes the accounting result.

In FY2024, operating cash flow was $210M versus net income of $19M, so reported profitability understates cash produced in that year. Revenue declined 9.2% while operating cash flow increased 5.8%, showing that cash conversion was not tied mechanically to sales volume.

Short-term coverage remains tight: the current ratio recovered to 0.8x in FY2024 from 0.6x in FY2023, yet current assets still did not fully cover current liabilities. Debt-to-equity also improved to 0.5x from 0.6x, indicating a less debt-heavy posture even as near-term obligations remain greater than liquid resources.

Profitability has normalized sharply: net margin fell from 23.7% in FY2022 to 2.5% in FY2024, making the earlier profit level look episodic rather than a stable earnings base. Meanwhile, cash generation was $199M in FY2023 and $210M in FY2024, reinforcing the separation between cash produced and bottom-line profit.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Berry Corporation (bry) does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
5/8

Berry Corporation (bry) passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
10.92x

For every $1 of reported earnings, Berry Corporation (bry) generates $10.92 in operating cash flow ($210.2M OCF vs $19.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$155.8M
YoY-16.4%
QoQ+1.4%
5Y CAGR+11.7%

Berry Corporation (bry) generated $155.8M in revenue in Q3 2025. This represents a decrease of 16.4% from the same quarter a year earlier. Against the prior quarter it is up 1.4%.

Net Income
-$26.0M
YoY-137.2%
QoQ-177.4%

Berry Corporation (bry) reported -$26.0M in net income in Q3 2025. This represents a decrease of 137.2% from the same quarter a year earlier. Against the prior quarter it is down 177.4%.

EPS (Diluted)
-$0.34
YoY-137.4%
QoQ-179.1%

Berry Corporation (bry) earned -$0.34 per diluted share (EPS) in Q3 2025. This represents a decrease of 137.4% from the same quarter a year earlier. Against the prior quarter it is down 179.1%.

EBITDA

Not reported for Q3 2025.

Cash & Balance Sheet

Cash & Debt
$13.4M
YoY+41.1%
QoQ-32.3%
5Y CAGR-22.4%

Berry Corporation (bry) held $13.4M in cash against $354.5M in long-term debt as of Q3 2025.

Dividends Per Share
$0.03
YoY-78.6%
QoQ0.0%

Berry Corporation (bry) paid $0.03 per share in dividends in Q3 2025. This represents a decrease of 78.6% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding
78M
YoY+0.9%
QoQ0.0%
5Y CAGR-0.6%

Berry Corporation (bry) had 78M shares outstanding in Q3 2025. This represents an increase of 0.9% from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q3 2025.

Margins & Returns

Net Margin
-16.7%
YoY-54.2pp
QoQ-38.6pp
5Y change+4.3pp

Berry Corporation (bry)'s net profit margin was -16.7% in Q3 2025, showing the share of revenue converted to profit. This is down 54.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 38.6 percentage points.

Return on Equity
-4.1%
YoY-13.6pp
QoQ-9.1pp
5Y change-1.6pp

Berry Corporation (bry)'s ROE was -4.1% in Q3 2025, measuring profit generated per dollar of shareholder equity. This is down 13.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.1 percentage points.

Gross Margin

Not reported for Q3 2025.

Operating Margin

Not reported for Q3 2025.

Capital Allocation

None of these metrics is reported for Q3 2025.

BRY 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.

BRY quarterly income statement
MetricQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-QQ3'2410-QQ2'2410-QQ1'2410-QQ4'2310-K
Revenue$155.8M-16.4%$153.7M-25.2%$177.2M-14.5%$184.8M-14.6%$186.3M-16.1%$205.5M-1.4%$207.3M-4.2%$216.4M-11.1%
SG&A Expenses$20.2M+5.9%$20.3M+7.4%$20.3M+0.4%$18.4M-11.3%$19.1M-8.9%$18.9M-16.0%$20.2M-36.1%$20.7M-23.0%
Interest Expense$16.4M+82.8%$15.5M+54.4%$15.2M+66.0%$10.9M+12.2%$9.0M-1.3%$10.1M+14.3%$9.1M+16.6%$9.7M+26.6%
Income Tax-$9.5M-138.8%$13.2M+496.5%-$38.7M-178.2%$1.6M-93.7%$24.4M+259.2%-$3.3M-131.3%-$13.9M-377.2%$25.7M+149.2%
Net Income-$26.0M-137.2%$33.6M+483.2%-$96.7M-141.2%-$1.8M-102.8%$69.9M+255.0%-$8.8M-134.0%-$40.1M-584.1%$62.6M-13.1%
EPS (Basic)-$0.34-137.4%$0.43+490.9%-$1.25-135.8%-$0.02-102.4%$0.91+251.7%-$0.11-132.4%-$0.53-562.5%$0.82-12.8%
EPS (Diluted)-$0.34-137.4%$0.43+490.9%-$1.25-135.8%-$0.02-102.5%$0.91+251.7%-$0.11-133.3%-$0.53-562.5%$0.81-10.0%
Diluted Shares (Avg)78M+0.7%78M+1.0%77M+1.2%N/A77M+1.8%77M-3.0%76M+0.2%N/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

BRY 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.

BRY quarterly balance sheet
MetricQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-QQ3'2410-QQ2'2410-QQ1'2410-QQ4'2310-K
Total Assets$1.4B-8.6%$1.4B-6.8%$1.4B-10.9%$1.5B-4.8%$1.5B-6.0%$1.5B+0.7%$1.6B+2.3%$1.6B-2.3%
Current Assets$143.8M+5.1%$158.0M+24.0%$161.1M+15.6%$149.6M+6.3%$136.9M-13.2%$127.5M-5.2%$139.4M+5.1%$140.8M-35.4%
Cash & Equivalents$13.4M+41.1%$19.7M+195.0%$39.0M+1028.2%$15.3M+217.2%$9.5M-44.9%$6.7M-21.9%$3.5M-75.5%$4.8M-89.5%
Short-Term Investments$0$0$0$0$0$0$0$0
Accounts Receivable$68.6M-8.0%$70.8M-13.6%$74.7M-16.9%$77.6M-10.7%$74.5M-27.5%$82.0M-3.0%$89.9M+8.2%$86.9M-14.5%
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$748.0M-4.7%$763.2M-11.3%$772.9M-12.8%$787.0M-5.9%$784.9M-13.3%$859.9M+13.0%$886.7M+12.6%$836.2M+0.7%
Current Liabilities$178.2M+3.8%$190.9M-6.7%$183.4M-20.4%$187.9M-15.8%$171.7M-22.0%$204.5M+38.1%$230.4M+42.7%$223.2M-4.7%
Non-Current Liabilities$569.8M-7.1%$572.2M-12.7%$589.4M-10.2%$599.2M-2.3%$613.3M-10.6%$655.4M+6.9%$656.2M+4.9%$613.0M+2.8%
Long-Term Debt$354.5M-10.9%$364.6M-15.9%$374.5M-16.4%$384.6M-10.1%$398.0M-12.3%$433.7M+2.9%$448.1M+2.5%$428.0M+8.2%
Total Equity$639.0M-12.7%$664.9M-1.2%$631.5M-8.3%$730.6M-3.6%$732.2M+3.4%$673.0M-11.5%$688.8M-8.5%$758.0M-5.3%
Retained Earnings-$32.7M-154.2%-$6.7M-284.1%-$40.3M-424.8%$56.4M+7.4%$60.4M+930.7%$3.6M-92.8%$12.4M-63.9%$52.5M-36.5%

Not reported in any period shown, so not listed: Inventory, Goodwill.

BRY 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.

BRY quarterly cash flow statement
MetricQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-QQ3'2410-QQ2'2410-QQ1'2410-QQ4'2310-K
Operating Cash Flow$55.4M-21.6%$28.6M-59.6%$45.9M+68.2%$41.4M-47.7%$70.7M+27.8%$70.9M+13.4%$27.3M+1431.3%$79.0M-25.0%
Depreciation & Amortization$38.5M-9.9%$35.3M-17.6%$40.4M-5.7%$43.6M+6.5%$42.7M+7.6%$42.8M+7.8%$42.8M+6.8%$40.9M+3.6%
Stock-Based CompensationN/AN/A$2.4M+524.9%N/AN/AN/A$385K-91.9%N/A
Investing Cash Flow-$47.2M-92.6%-$34.2M+19.6%-$19.8M-5.9%-$19.9M+59.2%-$24.5M+64.0%-$42.5M-51.9%-$18.7M+38.7%-$48.8M+11.1%
Financing Cash Flow-$14.6M+66.4%-$13.8M+45.3%-$16.9M-68.9%-$889K+97.9%-$43.4M-303.4%-$25.2M+37.3%-$10.0M-189.2%-$42.6M+7.0%
Dividends Paid$2.3M-82.1%$2.3M-74.8%$3.7M-84.7%$2.3M-85.5%$13.1M+23.5%$9.2M-19.6%$24.4M-39.3%$15.9M-55.3%
Share BuybacksN/AN/AN/A$0$0N/AN/A$0-100.0%

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

BRY 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.

BRY quarterly financial ratios
MetricQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-QQ3'2410-QQ2'2410-QQ1'2410-QQ4'2310-K
Net Margin-16.7%-54.2pp21.9%+26.1pp-54.6%-35.2pp-0.9%-29.8pp37.5%+57.8pp-4.3%-16.6pp-19.3%-16.6pp28.9%-0.7pp
Return on Equity-4.1%-13.6pp5.1%+6.3pp-15.3%-9.5pp-0.2%-8.5pp9.5%+15.9pp-1.3%-4.7pp-5.8%-5.0pp8.3%-0.7pp
Return on Assets-1.9%-6.5pp2.4%+2.9pp-6.9%-4.3pp-0.1%-4.0pp4.6%+7.4pp-0.6%-2.3pp-2.5%-2.2pp3.9%-0.5pp
Current Ratio0.810.0x0.83+0.2x0.88+0.3x0.80+0.2x0.80+0.1x0.62-0.3x0.60-0.2x0.63-0.3x
Debt-to-Equity0.550.0x0.55-0.1x0.59-0.1x0.530.0x0.54-0.1x0.64+0.1x0.65+0.1x0.56+0.1x
Asset Turnover0.110.0x0.110.0x0.130.0x0.120.0x0.120.0x0.130.0x0.130.0x0.140.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, FCF Margin.

Note: The current ratio is below 1.0 (0.80), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Berry Corporation (bry) BRY FY2024 $783.8M $19.3M 2.5% $253.0M —
PrimeEnergy Resources Corporation PNRG FY2025 $189.1M $26.3M 13.9% $330.6M 41/100
W&T Offshore, Inc. WTI FY2025 $501.5M -$150.1M -29.9% $581.1M 21/100
Houston American Energy Corp HUSA FY2025 $411K -$29.5M N/A $239.3M —
Ring Energy Inc. REI FY2025 $307.2M -$34.7M -11.3% $356.9M 30/100
Infinity Natural Resources, Inc. INR FY2025 $356.4M $13.8M 3.9% $252.8M 58/100

Frequently Asked Questions

What is Berry Corporation (bry)'s annual revenue?

Berry Corporation (bry) (BRY) reported $783.8M in total revenue for fiscal year 2024. This represents a -9.2% 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 Berry Corporation (bry)'s revenue growing?

Berry Corporation (bry) (BRY) revenue declined by 9.2% year-over-year, from $863.5M to $783.8M in fiscal year 2024.

Is Berry Corporation (bry) profitable?

Yes, Berry Corporation (bry) (BRY) reported a net income of $19.3M in fiscal year 2024, with a net profit margin of 2.5%.

Berry Corporation (bry) (BRY) reported diluted earnings per share of $0.25 for fiscal year 2024. This represents a -47.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2024, Berry Corporation (bry) (BRY) had $15.3M in cash and equivalents against $384.6M in long-term debt.

Berry Corporation (bry) (BRY) had a net profit margin of 2.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Yes, Berry Corporation (bry) (BRY) paid $0.58 per share in dividends during fiscal year 2024.

Berry Corporation (bry) (BRY) has a return on equity of 2.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

Berry Corporation (bry) (BRY) generated $210.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

Berry Corporation (bry) (BRY) had $1.5B in total assets as of fiscal year 2024, including both current and long-term assets.

Berry Corporation (bry) (BRY) had 77M shares outstanding as of fiscal year 2024.

Berry Corporation (bry) (BRY) had a current ratio of 0.80 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

Berry Corporation (bry) (BRY) had a debt-to-equity ratio of 0.53 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

Berry Corporation (bry) (BRY) had a return on assets of 1.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Berry Corporation (bry) (BRY) has a Piotroski F-Score of 5 out of 8 computable signals; 1 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.

Berry Corporation (bry) (BRY) has an earnings quality ratio of 10.92x, considered cash-backed (high quality). 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.

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