BARNWELL INDUSTRIES INC
BRNNYSEEnergy · Crude Petroleum & Natural Gas · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $13.6M | $18.0M | $25.2M | $28.5M | $18.1M | $18.3M |
| Operating income | $30,000 | $303,000 | $5.2M | $11.6M | $6.3M | $779,000 |
| Net income | −$7.1M | −$5.6M | −$961,000 | $5.5M | $6.3M | −$4.8M |
| Total assets | $20.8M | $30.7M | $35.4M | $37.2M | $24.4M | $15.2M |
| Total liabilities | $13.8M | $17.6M | $16.7M | $18.1M | $14.9M | $17.1M |
| Equity | $7.0M | $13.0M | $18.7M | $19.1M | $9.5M | −$2.0M |
| EPS (diluted) | $-0.71 | $-0.56 | $-0.10 | $0.57 | $0.73 | $-0.57 |
| Shares out. | 12.5M | 10.1M | 10.0M | 10.0M | 9.4M | 8.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 0.2%
- Net margin
- −52.1%
- Return on equity
- −101.4%
- Return on assets
- −34.1%
- Return on capital (ROCE)
- 0.2%
- Liabilities / assets
- 66.3%
- Debt / equity
- 1.97×
- Book value / share
- $0.56
- Revenue growth (YoY)
- −24.2%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -0.32distress
- Accruals / assets
- −25.6%clean
- Piotroski F-Score
- 2/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 3 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Reported a net loss
- Revenue declined year-over-year
- Negative operating cash flow
- Operating margin is positive
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 15, 2026
- NT 10-Qmissed a reporting deadline ↗Feb 17, 2026
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Jcp Investment Management, LlcActivist (13D)Apr 17, 2026
- Radoff Bradley LouisActivist (13D)Apr 14, 2026
- Sherwood Ned LActivist (13D)Dec 4, 2025
- Barnwell Industries, Inc. Employees' Pension Plan TrustActivist (13D)Sep 11, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Horowitz JoshuaDirector | Feb 26, 2026 | Buy | 4,433 | $1.05 |
| Grossman Kenneth SDirector | Dec 10, 2025 | Grant | 9,346 | — |
| Patman Philip F JrOfficer — Executive VP - Finance | Dec 10, 2025 | Grant | 9,346 | — |
| Horowitz JoshuaDirector | Dec 10, 2025 | Grant | 9,346 | — |
| Schechter JoshuaDirector | Dec 3, 2025 | Grant | 43,860 | — |
| Sherwood Ned L10% owner | Dec 2, 2025 | Sell | 174,587.448 | $1.15 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 179,851 | 1.4 | -20.9% |
| Apr 30, 2026 | 227,271 | 1.0 | -29.4% |
| Apr 15, 2026 | 322,027 | 1.0 | +291.1% |
| Mar 31, 2026 | 82,328 | 1.0 | +112.9% |
| Mar 13, 2026 | 38,675 | 1.0 | +120.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 26, 2026
- Other material eventMar 27, 2026
- Other material eventMar 23, 2026
- Other material eventMar 16, 2026
- Other material eventMar 13, 2026
- Other material eventMar 9, 2026
- Entered a material agreementFeb 25, 2026
- Results of operationsFeb 23, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 8-KMay 26, 2026
- 10-QMay 21, 2026
- DEFA14AMay 21, 2026
- DEF 14AMay 21, 2026
- NT 10-QMay 15, 2026
- SCHEDULE 13DApr 17, 2026
- SCHEDULE 13D/AApr 14, 2026
- 424B5Apr 9, 2026
- 3OWNERSHIP DOCUMENTMar 31, 2026
- SCHEDULE 13D/AMar 31, 2026
- 8-KMar 27, 2026
- 8-KMar 23, 2026
- 8-KMar 16, 2026
- 8-KMar 13, 2026
- 8-KMar 9, 2026
Event-driven situations (1)
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