📊 BRN Key Takeaways
Is Barnwell Industries Inc. (BRN) a Good Investment?
Barnwell Industries exhibits severe financial distress with deepening losses (-48.8% net margin), negative free cash flow (-$787K annually), and stagnant revenue (+0.4% YoY) across a commodity business with minimal scale. The company is burning through cash reserves at an unsustainable rate while consistently destroying shareholder value (ROE: -31.7%, ROA: -12.0%), indicating structural operational failure rather than cyclical headwinds.
Barnwell Industries shows weak core fundamentals: revenue is essentially flat, operating profitability is minimal, and net losses remain severe with a -51.9% net margin. The balance sheet is a relative support because the company has cash, no long-term debt, and acceptable liquidity, but negative operating cash flow and free cash flow suggest the business is not currently funding itself sustainably.
Barnwell Industries Inc. Key Strengths (BRN)
- Zero long-term debt provides financial flexibility and eliminates refinancing risk
- Current/Quick ratio of 1.50x demonstrates adequate short-term liquidity position
- Marginal positive operating income of $161K indicates some operational activity
- Debt-free balance sheet with $3.62M in cash and no long-term debt
- Current and quick ratios of 1.46x indicate near-term liquidity is manageable
- Positive operating income and solid interest coverage suggest limited financing pressure
BRN Stock Risks: Barnwell Industries Inc. Investment Risks
- Severe net losses of -$2.6M on only $5.3M revenue with deteriorating EPS (-26.8% YoY)
- Negative operating cash flow of -$759K consuming capital reserves at unsustainable rate
- Revenue stagnation of +0.4% YoY with no evidence of growth strategy or competitive moat in commodity upstream sector
- Cash burn of ~$787K annually implies limited runway given only $4.0M cash position
- Negative ROE and ROA indicate systematic destruction of shareholder capital
- Net losses are large relative to revenue, with ROE of -17.5% and ROA of -6.6%
- Operating cash flow and free cash flow are negative, pointing to weak earnings quality and cash burn
- Revenue growth of just 0.4% YoY indicates limited business momentum
Key Metrics to Watch
- Operating cash flow trajectory (currently negative, must turn positive for survival)
- Quarterly revenue trends and pricing realization in commodity markets
- Monthly cash burn rate and cash position depletion speed
- Operating margin expansion toward breakeven and profitability
- Operating cash flow and free cash flow trend
- Net margin and revenue growth consistency
Barnwell Industries Inc. (BRN) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Barnwell Industries Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
BRN Profit Margin, ROE & Profitability Analysis
BRN vs Energy Sector: How Barnwell Industries Inc. Compares
How Barnwell Industries Inc. compares to Energy sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Barnwell Industries Inc. Stock Overvalued? BRN Valuation Analysis 2026
Based on fundamental analysis, Barnwell Industries Inc. has mixed fundamental signals relative to the Energy sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Barnwell Industries Inc. Balance Sheet: BRN Debt, Cash & Liquidity
BRN Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Barnwell Industries Inc.'s revenue has remained relatively flat over the 5-year period, with a 2% decline. The most recent EPS of $-0.56 indicates the company is currently unprofitable.
BRN Revenue Growth, EPS Growth & YoY Performance
BRN Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $2.5M | -$1.2M | $-0.09 |
| Q1 2026 | $2.7M | -$1.4M | $-0.13 |
| Q3 2025 | $3.2M | -$1.2M | $-0.12 |
| Q2 2025 | $3.6M | -$1.2M | $-0.12 |
| Q1 2025 | $4.5M | -$664.0K | $-0.07 |
| Q3 2024 | $5.5M | -$717.0K | $-0.07 |
| Q2 2024 | $5.2M | -$148.0K | $-0.01 |
| Q1 2024 | $6.1M | -$664.0K | $-0.07 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Barnwell Industries Inc. Dividends, Buybacks & Capital Allocation
BRN SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Barnwell Industries Inc. (CIK: 0000010048)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BRN
What is the AI rating for BRN?
Barnwell Industries Inc. (BRN) has a Combined AI Grade of C from Claude (D) and ChatGPT (C) with 90% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are BRN's key strengths?
Claude: Zero long-term debt provides financial flexibility and eliminates refinancing risk. Current/Quick ratio of 1.50x demonstrates adequate short-term liquidity position. ChatGPT: Debt-free balance sheet with $3.62M in cash and no long-term debt. Current and quick ratios of 1.46x indicate near-term liquidity is manageable.
What are the risks of investing in BRN?
Claude: Severe net losses of -$2.6M on only $5.3M revenue with deteriorating EPS (-26.8% YoY). Negative operating cash flow of -$759K consuming capital reserves at unsustainable rate. ChatGPT: Net losses are large relative to revenue, with ROE of -17.5% and ROA of -6.6%. Operating cash flow and free cash flow are negative, pointing to weak earnings quality and cash burn.
What is BRN's revenue and growth?
Barnwell Industries Inc. reported revenue of $5.3M.
Does BRN pay dividends?
Barnwell Industries Inc. does not currently pay dividends.
Where can I find BRN SEC filings?
Official SEC filings for Barnwell Industries Inc. (CIK: 0000010048) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BRN's EPS?
Barnwell Industries Inc. has a diluted EPS of $-0.22.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is BRN's fundamental grade?
Based on our AI fundamental analysis in June 2026, Barnwell Industries Inc. has a C grade with 90% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is BRN stock overvalued or undervalued?
Valuation metrics for BRN: ROE of -31.7% (sector avg: 14%), net margin of -48.8% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
What is BRN's AI grade for 2026?
Our dual AI analysis gives Barnwell Industries Inc. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is BRN's free cash flow?
Barnwell Industries Inc.'s operating cash flow is $-759.0K, with capital expenditures of $28.0K. FCF margin is -14.9%.
How does BRN compare to other Energy stocks?
Vs Energy sector averages: Net margin -48.8% (avg: 12%), ROE -31.7% (avg: 14%), current ratio 1.50 (avg: 1.3).