Barnwell Industries, Inc. (BRN) Income Statement
BRN FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsBRN revenue and net income
Where BRN's revenue goes
FY2025Each bar shows an amount and its share of revenue. BRN kept −50.4% of revenue as net income.
BRN profit margins
BRN growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −36.9% | −20.3% | −5.7% | −2.4% |
| Gross profit | −30.7% | −46.4% | −14.7% | −9.0% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BRN quarterly EPS vs estimates
Barnwell Industries beat the analyst EPS estimate in 0 of the last 1 quarters.
BRN income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.7M | $21.7M | $25.0M | $27.1M | $16.2M | $18.3M | $12.1M | $9.4M | $13.0M | $13.3M |
| Cost of revenue | $12.1M | $19.4M | $20.6M | $16.8M | $13.1M | $14.5M | $13.2M | $7.4M | $7.5M | $12.4M |
| Gross profit | $1.6M | $2.3M | $4.5M | $10.3M | $3.1M | $3.5M | −$1.1M | $2.0M | $5.6M | $930,000 |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $6.9M | $5.6M | $7.0M | $8.0M | $7.1M | $5.8M | $5.5M | $6.3M | $7.0M | $6.4M |
| Total operating expenses | $6.9M | $5.6M | $7.0M | $8.0M | $7.1M | $5.8M | $5.5M | $6.3M | $7.0M | $6.4M |
| Operating income | −$5.4M | −$3.3M | −$2.5M | $2.2M | −$4.0M | −$2.3M | −$6.9M | −$4.1M | $868,000 | −$2.8M |
| Interest income | $199,000 | $1.1M | $832,000 | $2.9M | $5.8M | $349,000 | $281,000 | $216,000 | $2.3M | $2.5M |
| Interest expense | $7,000 | $2,000 | $2,000 | $1,000 | $13,000 | $3,000 | $5,000 | $7,000 | $6,000 | $97,000 |
| Income before taxes | −$7.1M | −$5.1M | −$864,000 | $6.5M | $7.5M | −$4.7M | −$12.6M | −$2.0M | $1.2M | −$3.6M |
| Income taxes | $71,000 | $213,000 | −$53,000 | $347,000 | $332,000 | $3,000 | −$231,000 | −$601,000 | −$1.1M | −$722,000 |
| Net income | −$6.9M | −$5.6M | −$961,000 | $5.5M | $6.3M | −$4.8M | −$12.4M | −$1.8M | $1.2M | −$3.6M |
| EBITDA | −$3.9M | −$10,000 | $3.6M | $7.8M | $7.1M | −$2.0M | −$9.0M | −$611,000 | $2.9M | −$1.4M |
| EPS (diluted) | −$0.73 | −$0.56 | −$0.10 | $0.56 | $0.72 | −$0.57 | −$1.50 | $0.48 | −$0.12 | −$0.08 |
| Gross margin | 11.6% | 10.5% | 17.9% | 38.0% | 19.1% | 19.1% | −9.4% | 21.1% | 42.7% | 7.0% |
| Operating margin | −39.1% | −15.2% | −9.9% | 8.3% | −24.7% | −12.4% | −57.4% | −43.4% | 6.7% | −21.1% |
| Net margin | −50.4% | −25.6% | −3.8% | 20.3% | 38.7% | −25.9% | −102.8% | −18.9% | 9.0% | −27.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4M | $2.5M | $2.7M | $3.0M | $3.2M | $3.6M | $4.5M | $4.3M | $5.5M | $5.3M | $6.2M | $6.8M |
| Cost of revenue | $2.0M | $2.4M | $2.7M | $3.0M | $2.9M | $2.7M | $4.1M | $4.2M | $4.6M | $5.1M | $5.5M | $5.6M |
| Gross profit | $1.3M | $131,000 | $83,000 | −$44,000 | $266,000 | $829,000 | $333,000 | $58,000 | $879,000 | $165,000 | $684,000 | $1.2M |
| Sales, general & admin | $1.4M | $1.5M | $1.6M | $1.7M | $1.9M | $2.2M | $1.3M | $1.4M | $1.4M | $1.4M | $1.4M | $1.3M |
| Total operating expenses | $2.0M | $1.5M | $1.6M | $1.7M | $1.9M | $2.2M | $1.3M | $1.4M | $1.4M | $1.3M | $1.4M | $1.3M |
| Operating income | −$671,000 | −$1.4M | −$1.5M | −$1.8M | −$1.6M | −$1.3M | −$948,000 | −$1.3M | −$553,000 | −$1.2M | −$720,000 | −$130,000 |
| Interest income | — | — | $47,000 | $72,000 | $215,000 | $9,000 | $351,000 | $73,000 | — | — | — | — |
| Interest expense | $1,000 | $0 | — | $2,000 | $4,000 | $1,000 | $0 | $0 | $0 | $0 | $2,000 | $1,000 |
| Income before taxes | −$295,000 | −$1.1M | −$1.5M | −$2.5M | −$1.6M | −$1.4M | −$1.9M | −$1.9M | −$1.2M | −$1.4M | −$596,000 | −$36,000 |
| Income taxes | $108,000 | $6,000 | −$74,000 | −$64,000 | −$34,000 | $162,000 | $7,000 | $26,000 | $21,000 | $100,000 | $66,000 | $34,000 |
| Net income | −$440,000 | −$1.1M | −$1.4M | −$2.4M | −$1.6M | −$1.2M | −$1.9M | −$1.9M | −$1.2M | −$1.8M | −$664,000 | −$96,000 |
| EBITDA | −$501,000 | −$549,000 | −$941,000 | −$1.6M | −$739,000 | −$645,000 | −$982,000 | −$978,000 | $342,000 | $176,000 | $1.1M | $1.8M |
| EPS (diluted) | −$0.03 | −$0.09 | −$0.13 | −$0.24 | −$0.15 | −$0.15 | −$0.19 | −$0.19 | −$0.12 | −$0.18 | −$0.07 | −$0.01 |
| Gross margin | 39.7% | 5.2% | 3.0% | −1.5% | 8.3% | 23.2% | 7.4% | 1.4% | 15.9% | 3.1% | 11.1% | 17.5% |
| Operating margin | −19.9% | −54.8% | −55.8% | −59.6% | −50.2% | −37.3% | −21.2% | −31.0% | −10.0% | −21.9% | −11.7% | −1.9% |
| Net margin | −13.0% | −45.4% | −51.9% | −80.9% | −48.7% | −33.8% | −42.8% | −44.1% | −22.5% | −33.6% | −10.8% | −1.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BRN's financial statements (latest annual report filed December 23, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BRN financial results
In fiscal year 2025 (ended September 30, 2025), Barnwell Industries reported revenue of $13.7 million, down 36.9% from the year before. It had a net loss of $6.9 million, a net profit margin of −50.4%. Diluted earnings per share came to −$0.73. Over five years revenue grew at an average rate of −5.7% a year.
See the BRN stock overview for the latest quote and news, or the BRN chart for price history and technical indicators.
BRN income statement FAQ
What is Barnwell Industries's annual revenue?
Barnwell Industries reported total revenue of $13.7 million for fiscal year 2025, which ended on September 30, 2025. That was down 36.9% from $21.7 million the previous year.
Is Barnwell Industries profitable?
No. Barnwell Industries reported a net loss of $6.9 million in fiscal 2025, a net profit margin of −50.4%; its operating margin was −39.1%.
What is Barnwell Industries's gross margin?
Barnwell Industries's gross margin was 11.6% in fiscal 2025: for every $100 of revenue, Barnwell Industries kept $12 after the direct cost of its products and services.
How fast is Barnwell Industries growing?
Revenue grew −5.7% a year on average over the last five fiscal years, from $18.3 million to $13.7 million.
What are Barnwell Industries's earnings per share?
Barnwell Industries earned $-0.73 per diluted share in fiscal 2025, compared with $-0.56 a year earlier.
When does Barnwell Industries's fiscal year end?
Barnwell Industries's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on December 23, 2025.