Filing Flows › Big Sky Industrial (BSIN) › Q3 2025
Big Sky Industrial (BSIN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Big Sky Industrial (BSIN) reported revenue of $1.7M for the third quarter 2025 (Q3 2025), -65% from a year earlier and -14% from the quarter before. Operating margin was -194.4%, net loss $3.3M (192.2% of revenue).
Big Sky Industrial, Q3 2025: revenue $1.7M (-65% year over year), operating margin -194.4%, net loss $3.3M, operating cash flow −$154K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7M | -14% | -65% |
| Operating profit | −$3.4M | — | — |
| Net earnings | −$3.3M | — | — |
| Operating cash flow | −$154K | — | — |
What changed
Revenue was $1.7M in Q3 2025, down 65% year over year and down 14% from the previous quarter. Oil Sales was the largest line at 91% of revenue. Oil Sales lost $2.8M year over year (down 64%), 87% of the total change.
Operating costs exceeded revenue by $3.4M, an operating margin of -194.4%. Total costs fell 44% while revenue fell 65%. The quarter ended with a net loss of $3.3M, narrower than the previous quarter's $6.1M loss.
Operating cash flow was −$154K. Non-cash charges added back $816K of depreciation and amortization and $800K of share-based compensation. Working capital and other items added $1.6M.
Questions
What was Big Sky Industrial's revenue in the third quarter 2025?
Big Sky Industrial (BSIN) reported revenue of $1.7M for the third quarter 2025 (Q3 2025), -65% from a year earlier and -14% from the quarter before.
Was Big Sky Industrial profitable in the third quarter 2025?
Operating loss was $3.4M (-194.4% of revenue) and net loss $3.3M.
Source: Big Sky Industrial 10-Q on SEC EDGAR.