Filing Flows › Barnwell Industries (BRN) › Q1 FY26
Barnwell Industries (BRN) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 23, 2026
Barnwell Industries (BRN) reported revenue of $2.7M for the first quarter fiscal 2026 (Q1 FY26), -30% from a year earlier and -9% from the quarter before. Operating margin was 2.5%, net loss $1.4M (51.4% of revenue).
Barnwell Industries, Q1 FY26: revenue $2.7M (-30% year over year), operating margin 2.5%, net loss $1.4M, operating cash flow −$1.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7M | -9% | -30% |
| Operating profit | $68K | — | — |
| Net earnings | −$1.4M | — | — |
| Operating cash flow | −$1.8M | — | — |
What changed
Revenue was $2.7M in Q1 FY26, down 30% year over year and down 9% from the previous quarter. Oil was the largest line at 69% of revenue. Oil lost $1.2M year over year (down 39%), 104% of the total change.
Operating profit was $68K, a 2.5% margin (up 5.1 points year over year). Total costs fell 34% while revenue fell 30%. The fastest-growing cost line was General & admin (+39%). The quarter ended with a net loss of $1.4M, narrower than the previous quarter's $2.4M loss. Net interest and other expense of $1.6M was the main reason.
Operating cash flow was −$1.8M. Non-cash charges added back $592K of depreciation and amortization and $94K of share-based compensation. Working capital and other items used $1.0M. Capital expenditures of $28K exceeded it, leaving free cash flow of −$1.8M.
Questions
What was Barnwell Industries' revenue in the first quarter fiscal 2026?
Barnwell Industries (BRN) reported revenue of $2.7M for the first quarter fiscal 2026 (Q1 FY26), -30% from a year earlier and -9% from the quarter before.
Was Barnwell Industries profitable in the first quarter fiscal 2026?
Operating profit was $68K (2.5% of revenue) and net loss $1.4M.