undamentalytics Newsletter
Sign in

BIG SKY Industrial Inc. (BSIN) stock

Add to watchlist

Add holding +

NASDAQ: BSIN Nasdaq Oil & Gas Exploration & Production Next results ~November 11, 2026

E Fundamentals grade

BIG SKY Industrial Inc. is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Model estimate per share

~$0.7

Book value (net assets)

Base case. Range ~$0.7–$0.7. Net assets per share: the value if returns just equal the cost of equity.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

BIG SKY Industrial Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 1 selling1 purchase and 8 sales by directors and officers, last 12 monthsInsider trades
  • Funds28 adding, 14 cuttingOf 6 active managers that changed their stake, 4 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter BIG SKY Industrial files

Where BIG SKY Industrial stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $7m, down 48.7% on a year earlier, a smaller fall than the 61.2% decline a quarter earlier. That puts it 36 of 36 for growth among the oil & gas exploration & production companies we cover. Free-cash-flow margin fell to -63.4% from -32.5% a year earlier. Operating margin widened to -153.7% from -188.5%. The diluted share count is up 33.7% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades E. It passes 1 of our 2 financial-health checks. Our book value value is $0.71 a share, against a share price of $1.59.

Source: 10-Q filed August 11, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 11, 2026 (estimated)

BIG SKY Industrial Inc.'s trailing-twelve-month revenue fell 48.7% year on year, with a free-cash-flow margin of -63.4%. Where it lags: revenue growth of -48.7% ranks 57 of 57 oil & gas exploration & production companies we cover.

Current signal Net income rising while operating cash flow falls: TTM net income grew 54.2% while operating cash flow fell 128.5% — earnings and cash are telling different stories.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 34.8 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.0bn.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 50.0% over 90 days.

Things to watch

  • Results due soon. Results are expected around 11 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 48.7% over the last 12 months.
  • Loss-making. Operating margin is -153.7%: costs exceed revenue.
  • Burning cash. Free cash flow was -63.4% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 28.4% of revenue, against a median of 1.2% for oil & gas exploration & production companies we cover: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 33.7% in a year.

Latest results: FY2026 Q2

Filed August 11, 2026
Earnings per share
-$0.05 against an average estimate of -$0.05: beat by 8.6%
Revenue
$2m, up 5.2% on a year earlier
Share reaction
+14.9% in the first session after the results on August 11, 2026, against -0.1% for the S&P 500

BIG SKY Industrial's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.6%
  • 1 week-5.1%
  • 1 month+4.2%
  • This year+60.9%
  • 1 year+20.3%
  • 5 years-60.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$6.9M
Operating margin
-153.7%
Net margin
-155.3%
EPS (TTM, diluted)
$-0.26

Growth

Revenue growth
−48.7%
Change in growth rate
+12.4 pts
Share count change
+33.7%

Cash

Free cash flow (TTM)
-$4.4M
FCF margin
-63.4%
Stock pay % of revenue
28.4%

Earnings

Last results
August 11, 2026
Next results (est.)
November 11, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

BIG SKY Industrial Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value BIG SKY Industrial Inc. as an oil and gas producer, with every model that fits that kind of business. Cost of equity 8%: the 10-year Treasury yield (4.9%) plus a beta of 0.68 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Proved-reserve net asset value The SEC standardised measure of the company's proved oil and gas reserves (future net cash flows after tax at SEC average prices, discounted at 10%) less debt and other claims, per share. — Does not apply: share count up 42% since the 2025-12-31 reserve figure (an acquisition): reserves out of date
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Book value (net assets) Net assets per share: the value if returns just equal the cost of equity. ~$0.7 Primary model, counts double
Combined value Weighted average of the models that apply: the primary model (book value (net assets)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$0.7 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare BIG SKY Industrial Inc. with oil and gas producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 201720182019202020212022202320242025Now
Share price$14.31$6.39$2.86$3.51$3.12$2.24$1.00$1.63$0.92$1.48
Market value$84m$8m$4m$6m$14m$55m$25m$44m$31m$60m
+ Net debt (− = net cash)−$1m−$466000−$2m−$3m−$4m$8m$2m−$8m$2m−$1m
Enterprise value$83m$8m$2m$3m$10m$63m$27m$36m$33m$59m
Multiples
Price / sales 12.9x1.5x0.6x2.5x2.1x1.2x0.8x2.1x4.2x8.7x
Price / earnings ——————————
Price / free cash flow ——14.6x——5.3x4.6x21.7x——
EV / EBITDA —————4.8x————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

23 /100

Weak moat

How hard BIG SKY Industrial's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -10.8% of total assets over 10 years.

  • Durability 10 / 20

    Operating margin has been a median -47.7%; its worst year was -188.5%.

  • Cash conversion 4 / 20

    Free cash flow was positive in 4 of 10 years, at a median -13.0% of revenue.

  • Discipline 4 / 20

    The diluted share count rose 13705.4% over five years; stock-based pay has been a median 6.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.23 +44% $8m +3%
Next $0.09 +139% $21m +170%

Next year's EPS estimate has moved +50.0% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −4.2% on 90 days ago. In the last 30 days, 1 analyst raised BIG SKY Industrial Inc.'s forecast and 0 cut it.

Consensus EPS forecast BIG SKY Industrial Inc., last 90 days
−$0.30 −$0.20 −$0.10 $0.00 $0.10 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.24 Current fiscal year, 60 days ago: −$0.24 Current fiscal year, 30 days ago: −$0.24 Current fiscal year, 7 days ago: −$0.24 Current fiscal year, Now: −$0.23 −$0.23 Next fiscal year, 90 days ago: $0.06 Next fiscal year, 60 days ago: $0.06 Next fiscal year, 30 days ago: $0.06 Next fiscal year, 7 days ago: $0.06 Next fiscal year, Now: $0.09 $0.09

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.24$0.06
60 days ago −$0.24$0.06
30 days ago −$0.24$0.06
7 days ago −$0.24$0.06
Now −$0.23$0.09

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.05 −$0.05 +8.6%
Mar 2026 −$0.04 −$0.08 −97.2%
Dec 2025 −$0.05 −$0.04 +23.4%
Sept 2025 −$0.09 −$0.11 −19.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 11, 2026

No numeric guidance in BIG SKY Industrial Inc.'s latest earnings release (filed August 11, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

1 analysts, Oct 2026
Buy1100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202611
  2. Sep 202611
  3. Aug 202611

Counts of recommendations published by analysts covering BIG SKY Industrial Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
1.3%
of tradable shares
Days to cover
0.94
at average volume
Short interest, 1 month
−26%
to October 15, 2026
Held by institutions
26%
of shares
Held by insiders
32.6%
of shares
Employees
20
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +20.3%

$1.23 on October 31, 2025 to $1.48

ThenNowEffect
Revenue (last 12 months) $13m $7m −48.7%
P/S multiple 2.8x 8.7x +213.8%
Share count 30m 41m −25.2%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
BSIN−11%−28%−55%+63%−44%+61%
Industry peers (median)+88%+55%−8%+1%−15%+17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
BSIN33%42%42%58%33%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
BSIN−55%−71%−63%−37%−76%−52%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 97% from February 10, 2016 to April 10, 2026. Getting back needed a 3633% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.69 – $1.65
From 52-week high
−10.3%
vs 50-day average
−1.6%
vs 200-day average
+26.5%
Volatility (1 year)
74%
Beta vs S&P 500
-0.61

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 9 down
typical move ±4.4%
After a week
5 up, 7 down
typical move ±7.1%
After a month
4 up, 8 down
typical move ±15.2%
Results releasedNext dayS&P 500 next day5 days21 days
August 11, 2026 +14.9% −0.1% +14.9% +34.7%
May 7, 2026 −5.9% +0.5% −6.9% −2.0%
March 13, 2026 0.0% +0.4% −5.7% −30.5%
November 12, 2025 −7.1% −1.6% −11.5% −13.3%
August 12, 2025 −1.7% +1.4% 0.0% −5.0%
May 12, 2025 −1.8% +4.0% +5.3% +22.1%
March 13, 2025 −4.9% +0.7% −1.4% −21.7%
November 12, 2024 +4.8% −0.3% +19.0% +6.8%
August 7, 2024 −4.1% +1.6% −3.1% −10.3%
May 9, 2024 −1.7% +0.7% −5.1% −12.0%
March 26, 2024 −5.4% +0.7% +10.7% +5.4%
November 13, 2023 +0.8% +1.8% +1.7% −18.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

BIG SKY Industrial Inc. in five measures

Fundamentals grade E
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) BIG SKY Industrial Inc.
$0 $10M $20M $30M $40M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $35.4M Revenue (TTM), FY23 Q4: $32.3M Revenue (TTM), FY24 Q1: $29.4M Revenue (TTM), FY24 Q2: $27.5M Revenue (TTM), FY24 Q3: $23.7M Revenue (TTM), FY24 Q4: $20.6M Revenue (TTM), FY25 Q1: $17.4M Revenue (TTM), FY25 Q2: $13.4M Revenue (TTM), FY25 Q3: $10.2M Revenue (TTM), FY25 Q4: $7.4M Revenue (TTM), FY26 Q1: $6.8M Revenue (TTM), FY26 Q2: $6.9M $6.9M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $35.4M
FY23 Q4 $32.3M
FY24 Q1 $29.4M
FY24 Q2 $27.5M
FY24 Q3 $23.7M
FY24 Q4 $20.6M
FY25 Q1 $17.4M
FY25 Q2 $13.4M
FY25 Q3 $10.2M
FY25 Q4 $7.4M
FY26 Q1 $6.8M
FY26 Q2 $6.9M
Revenue growth, TTM YoY BIG SKY Industrial Inc.
-80% -60% -40% -20% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -2.1% Revenue growth, TTM YoY, FY23 Q4: -27.5% Revenue growth, TTM YoY, FY24 Q1: -33.0% Revenue growth, TTM YoY, FY24 Q2: -28.5% Revenue growth, TTM YoY, FY24 Q3: -33.0% Revenue growth, TTM YoY, FY24 Q4: -36.2% Revenue growth, TTM YoY, FY25 Q1: -40.8% Revenue growth, TTM YoY, FY25 Q2: -51.3% Revenue growth, TTM YoY, FY25 Q3: -57.1% Revenue growth, TTM YoY, FY25 Q4: -64.3% Revenue growth, TTM YoY, FY26 Q1: -61.2% Revenue growth, TTM YoY, FY26 Q2: -48.7% -48.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -2.1%
FY23 Q4 -27.5%
FY24 Q1 -33.0%
FY24 Q2 -28.5%
FY24 Q3 -33.0%
FY24 Q4 -36.2%
FY25 Q1 -40.8%
FY25 Q2 -51.3%
FY25 Q3 -57.1%
FY25 Q4 -64.3%
FY26 Q1 -61.2%
FY26 Q2 -48.7%
Operating margin (TTM) BIG SKY Industrial Inc.
-300% -200% -100% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -37.3% Operating margin (TTM), FY23 Q4: -108.4% Operating margin (TTM), FY24 Q1: -139.6% Operating margin (TTM), FY24 Q2: -145.9% Operating margin (TTM), FY24 Q3: -152.0% Operating margin (TTM), FY24 Q4: -124.5% Operating margin (TTM), FY25 Q1: -119.1% Operating margin (TTM), FY25 Q2: -188.5% Operating margin (TTM), FY25 Q3: -240.5% Operating margin (TTM), FY25 Q4: -195.3% Operating margin (TTM), FY26 Q1: -213.1% Operating margin (TTM), FY26 Q2: -153.7% -153.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -37.3%
FY23 Q4 -108.4%
FY24 Q1 -139.6%
FY24 Q2 -145.9%
FY24 Q3 -152.0%
FY24 Q4 -124.5%
FY25 Q1 -119.1%
FY25 Q2 -188.5%
FY25 Q3 -240.5%
FY25 Q4 -195.3%
FY26 Q1 -213.1%
FY26 Q2 -153.7%
FCF margin (TTM) BIG SKY Industrial Inc.
-150% -100% -50% 0% 50% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 15.0% FCF margin (TTM), FY23 Q4: 16.9% FCF margin (TTM), FY24 Q1: 16.5% FCF margin (TTM), FY24 Q2: 9.3% FCF margin (TTM), FY24 Q3: 12.7% FCF margin (TTM), FY24 Q4: 9.7% FCF margin (TTM), FY25 Q1: -23.1% FCF margin (TTM), FY25 Q2: -32.5% FCF margin (TTM), FY25 Q3: -68.0% FCF margin (TTM), FY25 Q4: -126.0% FCF margin (TTM), FY26 Q1: -74.6% FCF margin (TTM), FY26 Q2: -63.4% -63.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 15.0%
FY23 Q4 16.9%
FY24 Q1 16.5%
FY24 Q2 9.3%
FY24 Q3 12.7%
FY24 Q4 9.7%
FY25 Q1 -23.1%
FY25 Q2 -32.5%
FY25 Q3 -68.0%
FY25 Q4 -126.0%
FY26 Q1 -74.6%
FY26 Q2 -63.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 8 27 31 33 34 32 7 6 7 2 7 45 32 21 7 7
EBITDA −6 10 9 5 12 15 −0 −1 −0 −5 −1 13 −24 −17 −11 −8
Operating income −10 −1 −5 −10 −2 1 −1 −1 −1 −5 −1 4 −35 −26 −14 −11
Net income −8 −1 −5 −11 −7 −2 −1 −1 −1 −6 −2 −1 −32 −26 −14 −11
Diluted EPS −$2.28 −$0.03 −$0.18 −$0.41 −$1.62 −$0.07 −$0.28 −$1.06 −$0.69 −$3.94 −$0.39 −$0.04 −$1.28 −$0.96 −$0.43 −$0.26
Growth (year on year)
Revenue — +250.2% +16.6% +5.1% +3.4% −3.8% −79.8% −15.4% +18.7% −64.6% +185.8% +569.1% −27.5% −36.2% −64.3% −48.7%
EBITDA — — −8.1% −44.0% +127.7% +28.1% −101.5% — — — — — −281.1% — — —
Operating income — — — — — — — — — — — — <−999% — — —
Margins
EBITDA margin −76.5% 38.4% 30.3% 16.1% 35.5% 47.3% −3.6% −13.6% −1.5% −210.4% −12.7% 29.5% −73.7% −84.5% −146.2% −117.1%
Operating margin −131.1% −3.7% −16.8% −31.4% −5.0% 1.9% −15.1% −20.7% −12.0% −230.5% −21.6% 7.9% −108.4% −124.5% −195.3% −153.7%
Net margin −107.9% −2.9% −15.5% −34.6% −21.9% −6.5% −20.8% −18.8% −8.4% −276.4% −26.6% −2.2% −100.1% −124.3% −195.5% −155.3%
Free-cash-flow margin −217.9% −130.1% −154.1% −89.7% −1.9% −22.6% −18.2% −9.0% 4.0% −51.2% −5.2% 23.5% 16.9% 9.7% −126.0% −63.4%
Cash flow
Cash from operations 1 11 3 13 20 24 −1 −0 1 −1 −0 11 5 5 −7 −4
Capital spending 17 46 50 42 21 31 0 0 0 0 0 0 0 3 2 0
Free cash flow −17 −35 −48 −29 −1 −7 −1 −1 0 −1 −0 10 5 2 −9 −4
Stock-based pay 2 2 2 1 0 1 0 1 0 0 1 3 2 1 2 2
Free cash flow after stock pay −18 −36 −49 −30 −1 −8 −2 −1 0 −1 −1 7 3 1 −11 −6
Balance sheet
Cash 33 6 13 3 6 4 3 2 2 3 4 4 3 8 0 6
Total debt 0 1 22 20 9 6 2 2 0 0 0 12 5 0 3 5
Net debt (negative = net cash) −33 −5 9 17 3 2 −1 −0 −2 −3 −4 8 2 −8 2 −1
Diluted shares 4m 4m 5m 5m 5m 5m 6m 1m 1m 2m 4m 25m 25m 27m 34m 41m
Returned to shareholders
Dividends — — — — — — — — — — — 2 1 0 — —
Buybacks 1 0 0 — — 0 — — — — — 0 0 1 0 0
Total returned 1 0 0 — — 0 — — — — — 2 2 1 0 0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 2 checks passed · June 30, 2026
What it owns · $56m
Short-term assets $8mLonger-term assets $48m
What it owes, and who funded it · $56m
Short-term liabilities $7mLonger-term liabilities $12mShareholders' equity $37m
  • Short-term assets cover short-term liabilities $8m of assets due within a year against $7m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $8m short-term assets against $12m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From BIG SKY Industrial Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$0
Buybacks, last 3 fiscal years
$1.5M
Diluted share count
+33.7%
year over year
Total shareholder yield
0.0%
dividends 0.0% + buybacks 0.0% of market value
Days sales outstanding
33 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in oil & gas exploration & production
Last 12 months unless stated BSIN MXC INDO EP KGEI EPSN Median
Revenue, last 12 months $7m $7m $2m $31m $57m $68m $1.4bn
Revenue growth, last 12 months −48.7% −6.1% −24.6% −20.8% −2.1% 53.7% 10.6%
Revenue growth, 3-year average −43.7% −8.7% — −11.3% — 8.9% 1.4%
Revenue growth, latest quarter 5.2% 12.9% — 8.6% — 57.1% 31.5%
Operating margin −153.7% 22.4% −227.5% −224.1% — 1.0% 21.1%
Operating margin, 3-year average −162.7% 23.4% −172.7% −99.0% — 12.6% 16.5%
Net margin −155.3% 23.3% −253.2% −229.6% 27.0% −5.2% 10.1%
Cash from operations / revenue −62.1% 57.5% −270.0% −19.8% 72.3% 38.5% 42.4%
Free-cash-flow margin −63.4% −10.3% −272.3% −20.2% −36.8% — 19.3%
Free-cash-flow margin, 3-year average −28.9% 5.4% — −36.5% — — 19.1%
Stock pay / revenue 28.4% 2.4% 46.0% 2.6% 3.0% 3.1% 1.5%
Change in share count 33.7% −0.5% 27.5% 24.7% 0.4% 23.2% 0.4%

Median of all 57 companies we cover in oil & gas exploration & production. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

57 oil & gas exploration & production companies
Measure Company Peer median Rank
Revenue growth Growth -48.7% 10.6% 57 of 57
Change in growth rate Growth +12.4pp +4.9pp 13 of 57
Operating margin Profitability -153.7% 19.9% 39 of 42
Net margin Profitability -155.3% 10.1% 55 of 57
Free-cash-flow margin Cash generation -63.4% 23.2% 50 of 51
Stock pay as % of revenue Cash generation 28.4% 1.2% 47 of 47
Change in share count Balance sheet 33.7% 0.4% 45 of 48
Days sales outstanding Balance sheet 33 days 41 days 13 of 42

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Oil Sales $6.4M 86.7% ▼ 64.9%
Natural Gas Midstream $975,000 13.3% ▼ 60.3%
Geography
Region Revenue Share YoY
Rockies $5.3M 71.8% ▼ 30.2%
Midcontinent $1.3M 17.8% ▼ 83.0%
West Texas South Texas and Gulf Coast $770,000 10.5% ▼ 85.7%

From BIG SKY Industrial Inc.'s 10-K filed March 13, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$8.5M
Institutions reporting
39
Shares held vs prior quarter
▲ 63.3%
Positions opened / closed
18 / 10

Top buyers and sellers, Q2 2026: 28 institutions bought and 14 sold ; the biggest buyer was Steamboat Capital Partners, LLC (+2.5M shares) and the biggest seller Empery Asset Management, LP (−1.9M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Steamboat Capital Partners, LLC $2.8M 2.5M 32.6% New
Vanguard Capital Management LLC $1.4M 1.3M 16.6% ▲ 128.7%
Jane Street Group, LLC $1M 918K 11.9% New
Ancora Advisors LLC $461,655 420K 5.4% New
Geode Capital Management, LLC $445,831 405K 5.3% ▲ 81.2%
Xtx Topco Ltd $404,492 368K 4.8% ▲ 2695.1%
Kestra Advisory Services, LLC $268,950 245K 3.2% New
Vanguard Fiduciary Trust Co $196,034 178K 2.3% ▲ 247.7%
Peak6 LLC $192,500 175K 2.3% ▼ 12.5%
UBS Group AG $186,748 170K 2.2% ▼ 64.8%
State Of Tennessee, Department Of Treasury $159,685 145K 1.9% New
State Street Corp $137,028 125K 1.6% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not BIG SKY Industrial Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $13,050 1 trade by 1 insider, last 12 months Insider sales History → $906,820 8 trades by 1 insider · 0% under pre-set plans
Net ▼ $893,770 net selling
Insider Date Trade Shares Price Value
Smith Ryan Lewis CEO March 31, 2026 Buy 15,000 $0.87 $13,050
Sage Road Energy Ii, Lp 10% owner March 3, 2026 Sell 16,441 $1.37 $22,524
Sage Road Energy Ii, Lp 10% owner March 3, 2026 Sell 218,000 $1.37 $298,660
Sage Road Energy Ii, Lp 10% owner March 3, 2026 Sell 6,364 $1.37 $8,719
Sage Road Energy Ii, Lp 10% owner March 3, 2026 Sell 24,365 $1.37 $33,380
Sage Road Energy Ii, Lp 10% owner March 2, 2026 Sell 26,930 $1.25 $33,662
Sage Road Energy Ii, Lp 10% owner March 2, 2026 Sell 10,400 $1.25 $13,000
Sage Road Energy Ii, Lp 10% owner March 2, 2026 Sell 357,500 $1.25 $446,875
Sage Road Energy Ii, Lp 10% owner March 2, 2026 Sell 40,000 $1.25 $50,000

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 11, 2026 estimated from the company's past filing pattern, not announced

  • August 11, 2026
  • May 7, 2026
  • March 13, 2026
  • November 12, 2025
  • August 12, 2025
  • May 12, 2025

Recent SEC filings

Data status

When each part of this page on BIG SKY Industrial Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

BIG SKY Industrial Inc. in brief

What does BIG SKY Industrial Inc. do?
BIG SKY Industrial Inc. is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.
What is BIG SKY Industrial Inc.'s stock ticker?
BIG SKY Industrial Inc. trades under the ticker BSIN on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is BIG SKY Industrial Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, BIG SKY Industrial Inc. reported revenue of $6.9M, 48.7% lower than a year earlier, according to its SEC filings.
What is BIG SKY Industrial Inc.'s free cash flow?
BIG SKY Industrial Inc.'s free-cash-flow margin is -63.4% of revenue over the trailing twelve months, ranking 50 of the 51 oil & gas exploration & production companies we cover.
Who are BIG SKY Industrial Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Steamboat Capital Partners, LLC, Vanguard Capital Management LLC and Jane Street Group, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is BIG SKY Industrial Inc. buying back stock, and does it pay a dividend?
BIG SKY Industrial Inc. spent $0 on share repurchases over the trailing twelve months, and its diluted share count still rose 33.7% over the year.
What is BIG SKY Industrial Inc.'s market cap?
On November 2, 2026, BIG SKY Industrial Inc.'s market capitalisation was about $60.1M and net debt of -$1.5M. Market figures come from third-party market data and may be delayed.
Who are BIG SKY Industrial Inc.'s competitors?
In our Oil & Gas Exploration & Production peer group, the companies closest to BIG SKY Industrial Inc. are Mexco Energy Corp, Indonesia Energy Corp Ltd, Empire Petroleum Corp, Kolibri Global Energy Inc. and Epsilon Energy Ltd. The side-by-side comparison below sets their revenue, margins and growth against BIG SKY Industrial Inc.'s.
Are insiders buying or selling BIG SKY Industrial Inc. stock?
Over the last 12 months, BIG SKY Industrial Inc.'s directors and officers reported 1 open-market purchases and 8 sales on Form 4. The insider trading page charts every trade.
When is BIG SKY Industrial Inc.'s next earnings date?
Around November 11, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — BIG SKY Industrial Inc. announces its own schedule.