Filing Flows › Barnwell Industries (BRN) › Q2 FY26
Barnwell Industries (BRN) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 21, 2026
Barnwell Industries (BRN) reported revenue of $2.5M for the second quarter fiscal 2026 (Q2 FY26), -29% from a year earlier and -8% from the quarter before. Operating margin was 3.7%, net loss $1.1M (44.0% of revenue).
Barnwell Industries, Q2 FY26: revenue $2.5M (-29% year over year), operating margin 3.7%, net loss $1.1M, operating cash flow −$655K. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5M | -8% | -29% |
| Operating profit | $93K | +37% | -88% |
| Net earnings | −$1.1M | — | — |
| Operating cash flow | −$655K | — | — |
What changed
Revenue was $2.5M in Q2 FY26, down 29% year over year and down 8% from the previous quarter. Oil was the largest line at 70% of revenue. Oil lost $818K year over year (down 31%), 79% of the total change.
Operating profit was $93K, a 3.7% margin (down 18.0 points year over year). Total costs fell 13% while revenue fell 29%. The fastest-growing cost line was Other operating costs (+45%). The quarter ended with a net loss of $1.1M, narrower than the previous quarter's $1.4M loss. Net interest and other expense of $1.2M was the main reason.
Operating cash flow was −$655K. Non-cash charges added back $561K of depreciation and amortization and $128K of share-based compensation. Working capital and other items used $228K. Capital expenditures of $222K exceeded it, leaving free cash flow of −$877K.
Questions
What was Barnwell Industries' revenue in the second quarter fiscal 2026?
Barnwell Industries (BRN) reported revenue of $2.5M for the second quarter fiscal 2026 (Q2 FY26), -29% from a year earlier and -8% from the quarter before.
Was Barnwell Industries profitable in the second quarter fiscal 2026?
Operating profit was $93K (3.7% of revenue) and net loss $1.1M.