Big Sky Industrial Inc. Common Stock (BSIN) Financials

$1.39 +0.08 (+6.29%)

As of 02:51 PM Eastern

Annual Income Statements for Big Sky Industrial Inc. Common Stock

This table shows Big Sky Industrial Inc. Common Stock's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-93	-14	-1.66	-1.90	-0.92	-6.42	-1.77	-0.96	-32	-26	-14
Consolidated Net Income / (Loss)	-93	-14	-1.36	-1.57	-0.55	-6.44	-1.77	-0.96	-32	-26	-14
Net Income / (Loss) Continuing Operations	-67	-12	-1.36	-1.37	-0.55	-6.44	-1.77	-0.96	-32	-26	-14
Total Pre-Tax Income	-67	-12	-1.36	-0.53	-0.55	-6.48	-1.77	-2.86	-33	-26	-14
Total Operating Income	-69	-12	-0.99	-1.15	-0.79	-5.37	-1.44	3.54	-35	-26	-14
Total Gross Profit	10	5.75	6.55	5.17	6.55	0.80	4.24	44	32	20	7.29
Total Revenue	10	5.75	6.55	5.54	6.57	2.33	6.66	45	32	21	7.35
Operating Revenue	10	5.75	6.55	5.54	6.57	2.33	6.66	45	32	21	7.35
Total Cost of Revenue	0.00	0.00	0.00	0.37	0.03	1.54	2.42	0.57	0.56	0.21	0.06
Operating Cost of Revenue	-	-	-	-	-	1.54	2.42	0.57	0.56	0.21	0.06
Total Operating Expenses	79	18	7.53	6.31	7.34	6.17	5.67	40	67	46	22
Selling, General & Admin Expense	1.87	1.99	2.28	3.63	3.18	1.51	4.64	11	12	8.20	8.06
Exploration Expense	-	-	-	-	-	-	-	-	-	0.37	0.23
Depreciation Expense	8.41	2.53	0.75	0.39	0.69	0.41	0.57	9.61	11	8.25	3.61
Other Operating Expenses / (Income)	0.50	0.00	2.90	1.90	1.85	1.14	-	20	17	12	5.71
Impairment Charge	58	9.57	-	-	0.00	2.94	-	0.00	27	12	3.63
Other Special Charges / (Income)	3.55	0.85	1.10	-	1.19	-	-	-	0.00	4.98	0.41
Total Other Income / (Expense), net	1.78	0.26	-0.37	0.62	0.24	-1.11	-0.34	-6.39	1.79	0.06	-0.01
Interest Expense	0.26	0.44	4.95	0.09	0.01	0.01	0.06	0.54	1.11	0.44	0.21
Other Income / (Expense), net	2.11	-0.05	4.58	0.71	0.25	-1.10	-0.28	-5.85	2.91	0.50	0.20
Income Tax Expense	-	-	-	-	0.00	-0.04	0.00	-1.89	-0.89	0.02	0.01
Basic Earnings per Share	($19.86)	($3.01)	($0.28)	($1.06)	($0.69)	($3.94)	($0.39)	($0.04)	($1.28)	($0.96)	($0.43)
Weighted Average Basic Shares Outstanding	4.68M	4.77M	5.90M	1.29M	1.34M	1.63M	4.49M	24.67M	25.32M	26.72M	33.82M
Weighted Average Diluted Shares Outstanding	4.68M	4.77M	5.90M	1.29M	1.34M	1.63M	4.49M	-	25.33M	33.82M	44.27M
Weighted Average Basic & Diluted Shares Outstanding	4.68M	4.77M	5.90M	1.29M	1.34M	1.63M	4.49M	-	25.33M	33.82M	44.27M

This table shows Big Sky Industrial Inc. Common Stock's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-8.79	-20	-9.54	-1.97	-2.25	-12	-3.11	-6.06	-3.34	-1.86	-3.19
Consolidated Net Income / (Loss)	-8.79	-20	-9.54	-1.97	-2.25	-12	-3.11	-6.06	-3.34	-1.86	-3.19
Net Income / (Loss) Continuing Operations	-8.79	-20	-9.54	-1.97	-2.25	-12	-3.11	-6.06	-3.34	-1.86	-3.19
Total Pre-Tax Income	-8.95	-20	-9.52	-1.98	-2.27	-12	-3.11	-6.06	-3.34	-1.86	-3.19
Total Operating Income	-8.21	-22	-8.02	-1.72	-4.15	-12	-3.09	-6.24	-3.38	-1.65	-3.14
Total Gross Profit	8.57	7.19	5.33	6.05	4.96	4.08	2.19	2.03	1.74	1.35	1.60
Total Revenue	8.74	7.33	5.39	6.05	4.96	4.23	2.19	2.03	1.74	1.39	1.60
Operating Revenue	8.74	7.33	5.39	6.05	4.96	4.23	2.19	2.03	1.74	1.39	1.60
Total Cost of Revenue	0.17	0.14	0.06	0.00	0.00	0.14	0.00	0.00	0.00	0.04	0.00
Total Operating Expenses	17	29	13	7.76	9.11	16	5.28	8.27	5.12	3.00	4.75
Selling, General & Admin Expense	2.82	2.56	2.21	2.09	2.25	1.65	2.39	2.25	2.11	1.32	3.05
Exploration Expense	-	-	-	-	0.00	-	0.00	-	0.13	-	0.10
Depreciation Expense	2.87	3.05	2.20	2.17	2.03	1.86	1.12	1.12	0.82	0.55	0.56
Other Operating Expenses / (Income)	4.60	3.56	3.53	3.44	3.36	2.04	1.77	1.72	1.17	1.07	1.04
Total Other Income / (Expense), net	-0.74	1.91	-1.50	-0.26	1.89	-0.06	-0.02	0.18	0.04	-0.21	-0.04
Interest Expense	0.31	0.25	0.12	0.13	0.09	0.10	0.05	0.05	0.07	0.04	0.06
Other Income / (Expense), net	-0.44	2.16	-1.38	-0.13	1.98	0.03	0.02	0.23	0.11	-0.16	0.02
Income Tax Expense	-0.16	-0.46	0.02	-0.00	-0.02	0.03	0.00	0.00	0.00	0.01	0.00
Basic Earnings per Share	($0.35)	-	($0.38)	($0.08)	($0.08)	($0.42)	($0.10)	($0.19)	($0.10)	($0.04)	($0.08)
Weighted Average Basic Shares Outstanding	25.43M	25.32M	25.39M	25.45M	28.05M	26.72M	32.72M	32.67M	32.79M	33.82M	40.07M
Weighted Average Diluted Shares Outstanding	25.51M	25.33M	25.29M	28.05M	27.97M	33.82M	33.99M	34.02M	34.41M	44.27M	52.32M
Weighted Average Basic & Diluted Shares Outstanding	25.51M	25.33M	25.29M	28.05M	27.97M	33.82M	33.99M	34.02M	34.41M	44.27M	52.32M

This table details how cash moves in and out of Big Sky Industrial Inc. Common Stock's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-0.66	-0.84	0.76	-0.94	-0.81	1.32	1.57	-0.01	-1.06	4.37	-7.29
Net Cash From Operating Activities	2.50	-1.41	-0.89	-0.49	0.64	-0.72	-0.15	11	5.47	4.59	-7.14
Net Cash From Continuing Operating Activities	2.50	-1.41	-0.89	-0.49	0.64	-0.72	-0.15	11	5.45	4.59	-7.14
Net Income / (Loss) Continuing Operations	-67	-12	-1.36	-1.04	-0.55	-6.44	-1.77	-0.96	-32	-26	-14
Consolidated Net Income / (Loss)	-93	-14	-1.36	-1.04	-0.55	-6.44	-1.77	-0.96	-32	-26	-14
Depreciation Expense	8.56	2.53	0.89	0.53	0.83	0.47	0.59	9.61	11	8.25	3.61
Amortization Expense	0.00	0.00	0.04	0.01	0.06	0.05	0.00	0.05	0.22	0.05	0.28
Non-Cash Adjustments To Reconcile Net Income	58	7.83	-0.65	0.57	-0.16	4.47	0.27	-6.13	29	22	6.53
Changes in Operating Assets and Liabilities, net	2.31	-0.79	0.19	-0.56	0.46	0.73	0.76	8.33	-2.58	0.32	-3.17
Net Cash From Investing Activities	-0.57	-0.19	1.70	-1.31	-0.28	-1.11	-3.33	-17	2.83	5.77	-12
Net Cash From Continuing Investing Activities	-0.57	-0.19	1.70	-1.27	-0.28	-1.11	-3.33	-17	2.83	5.77	-12
Purchase of Property, Plant & Equipment	-3.62	-0.19	0.00	-0.01	-	0.00	-0.20	-6.64	-3.87	-7.90	-12
Sale of Property, Plant & Equipment	-	-	2.00	0.02	0.10	0.02	0.46	-	0.00	0.13	0.00
Divestitures	0.26	0.00	-	-	-	-	0.04	2.34	6.69	-	0.19
Net Cash From Financing Activities	-0.15	1.21	-0.05	0.86	-1.17	3.15	5.05	6.04	-9.36	-5.98	12
Net Cash From Continuing Financing Activities	-0.15	1.21	-0.05	0.86	-1.17	3.15	5.05	6.04	-9.36	-5.98	12
Repayment of Debt	-0.13	-0.10	-0.02	-0.60	-1.17	0.12	0.00	-7.31	-8.15	-7.06	0.00
Repurchase of Preferred Equity	-	-	-	-	0.00	-2.00	-	-	-	0.00	-1.57
Repurchase of Common Equity	-0.03	-0.00	-0.03	-	-	-	-	0.00	-0.37	-0.79	-0.70
Issuance of Debt	-	-	-	-	0.00	-	0.00	15	0.50	2.00	2.50
Issuance of Common Equity	0.00	1.32	-	1.67	0.00	4.47	5.28	-	-	0.00	12
Other Financing Activities, net	-	-	0.00	-0.20	0.00	0.56	-0.24	-0.11	-0.15	-0.13	-0.38

This table details how cash moves in and out of Big Sky Industrial Inc. Common Stock's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	0.80	1.38	-1.35	0.22	-1.07	6.57	2.78	-3.77	-5.31	-0.99	10
Net Cash From Operating Activities	1.57	2.50	-0.60	0.93	2.57	1.70	-4.54	-1.58	-0.16	-0.86	-2.45
Net Cash From Continuing Operating Activities	1.57	2.47	-0.60	0.93	2.57	1.70	-4.54	-1.58	-0.15	-0.86	-2.45
Net Income / (Loss) Continuing Operations	-8.79	-20	-9.54	-1.97	-2.25	-12	-3.11	-6.06	-3.34	-1.86	-3.19
Consolidated Net Income / (Loss)	-8.79	-20	-9.54	-1.97	-2.25	-12	-3.11	-6.06	-3.34	-1.86	-3.19
Depreciation Expense	2.87	3.05	2.20	2.17	2.03	1.86	1.12	1.12	0.82	0.55	0.56
Amortization Expense	0.05	0.05	0.05	0.05	0.06	-0.11	0.07	0.07	0.10	0.05	0.00
Non-Cash Adjustments To Reconcile Net Income	6.08	22	6.22	0.76	4.18	10	1.18	3.60	1.37	0.38	0.16
Changes in Operating Assets and Liabilities, net	1.36	-2.44	0.46	-0.07	-1.46	1.38	-3.80	-0.30	0.90	0.02	0.01
Net Cash From Investing Activities	-0.59	6.19	-0.18	-2.52	3.39	5.08	-2.42	-2.09	-5.16	-2.21	-4.43
Net Cash From Continuing Investing Activities	-0.59	6.19	-0.18	-2.52	3.39	5.08	-2.42	-2.09	-5.16	-2.21	-4.43
Purchase of Property, Plant & Equipment	-0.59	-0.50	-0.14	-2.94	-2.23	-2.59	-2.42	-2.23	-5.15	-2.27	-4.43
Net Cash From Financing Activities	-0.18	-7.31	-0.56	1.81	-7.02	-0.21	9.75	-0.10	-	2.09	17
Net Cash From Continuing Financing Activities	-0.18	-7.31	-0.56	1.81	-7.02	-0.21	9.75	-0.10	-	2.09	17
Repurchase of Preferred Equity	-	-	0.00	-	-	-	-1.57	-	-	-	0.00
Repurchase of Common Equity	-	-0.13	-0.40	-0.17	-0.02	-0.20	-0.23	-0.08	-	-0.39	-0.11
Issuance of Common Equity	-	-	0.00	-	-	-	12	-	-	-	17
Other Financing Activities, net	-	-	-0.11	-0.03	-	-0.00	-0.32	-0.02	-	-0.03	-0.17

This table presents Big Sky Industrial Inc. Common Stock's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	33	17	15	15	13	12	18	118	80	50	41
Total Current Assets	6.84	4.89	5.92	3.69	2.69	4.71	5.98	8.44	8.37	9.72	1.99
Cash & Equivalents	3.35	2.52	3.28	2.34	1.53	2.85	4.42	4.41	3.35	7.72	0.43
Short-Term Investments	-	0.95	0.88	0.54	0.31	0.18	0.19	0.11	0.16	0.13	0.15
Accounts Receivable	1.14	0.56	0.69	0.70	0.72	0.51	0.93	3.19	2.34	1.30	0.45
Other Current Assets	2.02	0.75	0.96	-	0.00	0.98	0.43	0.73	0.68	0.57	0.96
Plant, Property, & Equipment, net	23	9.86	7.62	8.76	8.45	7.46	8.48	109	70	29	15
Plant, Property & Equipment, gross	104	92	91	92	93	95	97	205	177	151	155
Accumulated Depreciation	80	83	83	84	84	88	88	97	107	113	117
Total Noncurrent Assets	2.86	2.02	1.78	2.33	2.32	0.19	3.21	1.22	1.90	1.49	0.94
Intangible Assets	-	-	-	-	-	-	0.19	-	0.90	0.66	0.32
Other Noncurrent Operating Assets	2.86	2.02	1.78	2.33	2.32	0.19	3.02	1.22	1.00	0.83	0.63
Total Liabilities & Shareholders' Equity	33	17	15	15	13	12	18	118	80	50	41
Total Liabilities	18	13	4.66	3.06	2.26	3.80	4.23	40	34	25	16
Total Current Liabilities	17	11	1.58	1.67	1.22	2.21	2.74	11	11	12	6.02
Accounts Payable	1.78	0.74	0.76	0.67	0.97	1.46	1.45	4.33	4.06	5.09	1.59
Other Current Liabilities	3.12	1.43	0.16	0.00	0.06	0.07	0.13	6.05	6.31	6.03	4.43
Total Noncurrent Liabilities	1.04	2.08	3.07	1.39	1.03	1.59	1.49	28	23	13	10
Long-Term Debt	0.00	0.00	0.94	-	-	-	0.00	12	5.00	0.00	2.50
Asset Retirement Reserve & Litigation Obligation	1.04	1.05	0.91	0.94	0.82	1.41	1.46	15	17	13	7.71
Other Noncurrent Operating Liabilities	0.01	1.03	1.22	0.45	0.22	0.10	0.03	0.01	0.61	0.42	0.21
Commitments & Contingencies	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	15	3.76	8.66	9.72	9.21	8.57	13	78	47	24	24
Total Preferred & Common Equity	15	3.76	8.66	9.72	9.21	8.57	13	78	47	24	24
Total Common Equity	15	3.76	8.66	9.72	9.21	8.57	13	78	47	24	24
Common Stock	125	128	135	137	137	143	149	217	219	222	236
Retained Earnings	-110	-124	-125	-127	-128	-134	-136	-139	-172	-198	-212

This table presents Big Sky Industrial Inc. Common Stock's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	108	70	74	64	56	51	46	55
Total Current Assets	6.67	5.40	5.19	3.39	12	8.22	2.80	12
Cash & Equivalents	1.97	2.01	2.22	1.16	11	6.73	1.42	10
Short-Term Investments	0.16	0.18	0.16	0.11	0.07	0.21	0.31	0.17
Accounts Receivable	3.49	2.09	1.90	1.42	0.61	0.57	0.49	0.71
Other Current Assets	0.82	1.07	0.91	0.71	0.92	0.71	0.58	1.16
Plant, Property, & Equipment, net	99	63	62	52	28	23	21	15
Plant, Property & Equipment, gross	-	171	171	170	141	137	136	159
Accumulated Depreciation	104	108	110	112	114	115	115	118
Total Noncurrent Assets	2.01	1.78	1.91	1.74	16	20	23	0.83
Intangible Assets	0.96	0.84	0.79	0.73	-	-	-	0.28
Other Noncurrent Operating Assets	1.05	0.94	1.13	1.01	16	20	23	0.56
Total Liabilities & Shareholders' Equity	108	70	74	64	56	51	46	55
Total Liabilities	42	34	36	28	22	23	21	17
Total Current Liabilities	12	10	10	11	8.77	11	8.47	6.52
Accounts Payable	8.84	3.70	3.81	4.31	2.76	5.19	3.98	1.89
Other Current Liabilities	2.45	6.40	6.11	5.96	5.91	5.54	4.43	4.63
Total Noncurrent Liabilities	30	23	26	17	14	12	13	10
Long-Term Debt	12	5.00	7.00	0.00	0.00	-	-	2.50
Asset Retirement Reserve & Litigation Obligation	17	17	18	17	13	12	13	7.55
Other Noncurrent Operating Liabilities	0.66	0.56	0.59	0.47	-	-	-	0.15
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	66	37	38	36	34	28	25	38
Total Preferred & Common Equity	66	37	38	36	34	28	25	38
Total Common Equity	66	37	38	36	34	28	25	38
Common Stock	219	218	221	222	235	235	235	254
Retained Earnings	-152	-182	-184	-186	-201	-207	-210	-215

This table displays calculated financial ratios and metrics derived from Big Sky Industrial Inc. Common Stock's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	28,351,022.00	5,134,506.00	5,983,498.00	13,456,459.00	13,405,838.00	2,915,654.00	4,676,301.00	25,023,812.00	25,506,570.00	27,965,113.00	34,405,143.00
DEI Adjusted Shares Outstanding	472,517.00	513,451.00	598,350.00	1,345,646.00	1,340,584.00	2,915,654.00	4,676,301.00	25,023,812.00	25,506,570.00	27,965,113.00	34,405,143.00
DEI Earnings Per Adjusted Shares Outstanding	-196.60	-27.95	-2.77	-1.41	-0.69	-2.20	-0.38	-0.04	-1.27	-0.92	-0.42
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-68.20%	-44.19%	13.91%	-15.37%	18.67%	-64.55%	185.75%	569.15%	-27.46%	-36.20%	-64.34%
EBITDA Growth	-461.65%	83.82%	147.82%	-97.74%	237.25%	-1,828.78%	81.10%	753.02%	-381.66%	18.41%	39.08%
EBIT Growth	-5,195.36%	82.11%	129.98%	-112.14%	-23.62%	-1,099.81%	73.51%	-34.97%	-1,289.84%	21.67%	43.74%
NOPAT Growth	-7,897.55%	82.73%	91.71%	-15.98%	31.12%	-579.75%	73.28%	346.55%	-1,090.39%	26.73%	44.07%
Net Income Growth	-4,342.66%	84.80%	90.36%	-15.28%	64.95%	-1,070.73%	72.51%	45.59%	-3,259.92%	20.78%	43.92%
EPS Growth	-4,342.66%	84.84%	90.70%	-15.28%	64.95%	-471.01%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-89.45%	-156.11%	36.51%	45.07%	230.20%	-212.38%	78.66%	7,222.88%	-49.79%	-16.17%	-255.61%
Free Cash Flow Firm Growth	-25.92%	-82.39%	-170.29%	-8.49%	94.57%	-159.03%	-929.89%	-1,860.99%	121.16%	33.18%	-131.70%
Invested Capital Growth	-79.09%	-65.69%	28.35%	23.31%	-4.18%	-36.13%	47.40%	881.98%	-46.71%	-84.92%	-47.71%
Revenue Q/Q Growth	-24.59%	-13.45%	7.40%	96.21%	-27.37%	-22.85%	21.76%	23.21%	-8.69%	-13.07%	-27.80%
EBITDA Q/Q Growth	-46.26%	61.27%	552.81%	-93.75%	187.98%	-9.91%	-107.00%	58.91%	-784.64%	29.05%	46.27%
EBIT Q/Q Growth	-32.94%	57.60%	1,063.00%	4.39%	53.01%	-7.95%	-57.44%	14.75%	-143.71%	24.71%	41.39%
NOPAT Q/Q Growth	-31.78%	59.93%	-340.38%	-151.54%	31.12%	-9.01%	-7.66%	47.42%	-165.56%	28.80%	41.52%
Net Income Q/Q Growth	-65.98%	74.02%	-868.93%	-264.88%	71.94%	-7.78%	-67.46%	-51.89%	-125.30%	23.63%	41.42%
EPS Q/Q Growth	-65.98%	73.67%	-800.00%	-264.88%	71.94%	14.53%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-81.08%	46.00%	-40.25%	56.01%	-13.20%	-244.71%	18.18%	30.31%	1.75%	-14.83%	-55.68%
Free Cash Flow Firm Q/Q Growth	-3.25%	-87.07%	-214.17%	2.44%	92.32%	-159.70%	65.40%	-4.64%	246.69%	-7.72%	49.10%
Invested Capital Q/Q Growth	-67.84%	-25.00%	24.19%	11.33%	-4.92%	3.49%	-44.70%	-3.34%	-39.09%	-74.72%	-84.55%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	93.25%	99.57%	34.12%	63.64%	98.71%	98.28%	99.01%	99.20%
EBITDA Margin	-567.17%	-164.48%	69.05%	1.84%	5.23%	-255.24%	-16.88%	16.48%	-63.97%	-81.81%	-139.75%
Operating Margin	-670.78%	-207.61%	-15.11%	-20.71%	-12.02%	-230.47%	-21.55%	7.94%	-108.43%	-124.52%	-195.28%
EBIT Margin	-650.28%	-208.49%	54.88%	-7.87%	-8.20%	-277.55%	-25.73%	-5.19%	-99.43%	-122.08%	-192.57%
Profit (Net Income) Margin	-902.25%	-245.74%	-20.79%	-28.33%	-8.37%	-276.35%	-26.58%	-2.16%	-100.12%	-124.32%	-195.48%
Tax Burden Percent	138.07%	120.97%	100.00%	296.60%	100.00%	99.35%	100.00%	33.72%	97.32%	100.08%	100.04%
Interest Burden Percent	100.49%	97.43%	-37.89%	121.33%	102.04%	100.22%	103.33%	123.53%	103.47%	101.76%	101.47%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-92.88%	-69.05%	-9.81%	-9.07%	-5.78%	-48.96%	-13.57%	5.19%	-36.94%	-67.66%	-189.58%
ROIC Less NNEP Spread (ROIC-NNEP)	381.96%	-302.03%	423.00%	23.75%	-5.93%	72.28%	7.71%	-182.61%	-234.69%	19.41%	-166.70%
Return on Net Nonoperating Assets (RNNOA)	-58.33%	-77.78%	-9.07%	-4.95%	0.98%	-16.16%	-2.52%	-7.29%	-14.88%	-4.83%	130.17%
Return on Equity (ROE)	-151.21%	-146.83%	-18.88%	-14.02%	-4.80%	-65.12%	-16.09%	-2.10%	-51.82%	-72.49%	-59.40%
Cash Return on Invested Capital (CROIC)	37.94%	28.76%	-34.65%	-29.95%	-1.50%	-4.86%	-51.89%	-157.84%	24.01%	79.91%	-126.92%
Operating Return on Assets (OROA)	-85.48%	-48.02%	22.39%	-2.90%	-3.82%	-50.07%	-11.41%	-3.40%	-32.33%	-38.69%	-31.36%
Return on Assets (ROA)	-118.60%	-56.59%	-8.48%	-10.43%	-3.89%	-49.86%	-11.79%	-1.42%	-32.56%	-39.40%	-31.84%
Return on Common Equity (ROCE)	-151.21%	-146.82%	-16.26%	-11.52%	-3.96%	-58.53%	-16.09%	-2.10%	-51.82%	-72.49%	-59.40%
Return on Equity Simple (ROE_SIMPLE)	-600.30%	-375.73%	-15.71%	-16.14%	-5.97%	-75.16%	-13.17%	-1.23%	-69.55%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-48	-8.35	-0.69	-0.80	-0.55	-3.76	-1.00	2.48	-25	-18	-10
NOPAT Margin	-469.55%	-145.32%	-10.58%	-14.50%	-8.41%	-161.33%	-15.09%	5.56%	-75.90%	-87.16%	-136.70%
Net Nonoperating Expense Percent (NNEP)	-474.83%	232.98%	-432.82%	-32.82%	0.16%	-121.24%	-21.28%	187.80%	197.75%	-87.07%	-22.88%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-47.61%	-74.26%	-37.65%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	6.75%	0.43%	65.88%	36.36%	1.29%	1.72%	0.99%	0.80%
SG&A Expenses to Revenue	18.12%	34.70%	34.85%	65.52%	48.35%	64.64%	69.62%	25.04%	35.66%	39.75%	109.67%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	770.78%	307.61%	115.11%	113.96%	111.59%	264.59%	85.19%	90.77%	206.71%	223.53%	294.48%
Earnings before Interest and Taxes (EBIT)	-67	-12	3.59	-0.44	-0.54	-6.47	-1.71	-2.31	-32	-25	-14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-58	-9.45	4.52	0.10	0.34	-5.95	-1.12	7.34	-21	-17	-10
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.28	1.67	0.99	0.89	0.42	1.20	1.09	0.72	0.55	1.88	1.31
Price to Tangible Book Value (P/TBV)	0.28	1.67	0.99	0.89	0.42	1.20	1.10	0.72	0.56	1.94	1.33
Price to Revenue (P/Rev)	0.43	1.09	1.31	1.55	0.59	4.40	2.19	1.26	0.79	2.21	4.32
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.01%	9.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.39	1.43	1.00	0.89	0.43	1.28	1.13	0.74	0.58	5.42	9.26
Enterprise Value to Revenue (EV/Rev)	0.68	1.53	1.22	1.57	0.61	3.29	1.50	1.44	0.84	1.83	4.58
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	1.76	85.00	11.71	0.00	0.00	8.76	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	2.21	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	25.98	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	2.81	0.00	0.00	0.00	6.31	0.00	0.00	5.90	4.93	8.23	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.36	2.53	0.00	0.00	0.00	0.00	0.00	0.00	1.69	1.78	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.39	1.60	0.14	0.08	0.00	0.05	0.00	0.16	0.11	0.00	0.10
Long-Term Debt to Equity	0.00	0.00	0.09	0.00	0.00	0.01	0.00	0.16	0.11	0.00	0.10
Financial Leverage	-0.15	0.26	-0.02	-0.21	-0.16	-0.22	-0.33	0.04	0.06	-0.25	-0.78
Leverage Ratio	1.28	2.59	2.23	1.34	1.23	1.31	1.36	1.48	1.59	1.84	1.87
Compound Leverage Factor	1.28	2.53	-0.84	1.63	1.26	1.31	1.41	1.83	1.65	1.87	1.89
Debt to Total Capital	27.94%	61.49%	12.60%	7.40%	0.00%	5.02%	0.00%	14.04%	9.70%	0.00%	9.37%
Short-Term Debt to Total Capital	27.94%	61.49%	4.92%	7.40%	0.00%	4.16%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	7.68%	0.00%	0.00%	0.86%	0.00%	14.04%	9.70%	0.00%	9.37%
Preferred Equity to Total Capital	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	16.40%	15.80%	17.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	72.06%	38.50%	71.00%	76.79%	82.16%	94.98%	100.00%	85.96%	90.30%	100.00%	90.64%
Debt to EBITDA	-0.10	-0.63	0.34	9.19	0.00	-0.08	0.00	1.74	-0.24	0.00	-0.24
Net Debt to EBITDA	-0.05	-0.27	-0.58	-19.01	0.00	0.43	0.00	1.13	-0.07	0.00	-0.19
Long-Term Debt to EBITDA	0.00	0.00	0.21	0.00	0.00	-0.01	0.00	1.74	-0.24	0.00	-0.24
Debt to NOPAT	-0.12	-0.72	-2.22	-1.17	0.00	-0.12	0.00	5.17	-0.20	0.00	-0.25
Net Debt to NOPAT	-0.05	-0.30	3.78	2.42	0.00	0.69	0.00	3.34	-0.06	0.00	-0.19
Long-Term Debt to NOPAT	0.00	0.00	-1.35	0.00	0.00	-0.02	0.00	5.17	-0.20	0.00	-0.25
Altman Z-Score	-11.20	-12.50	-8.80	-9.91	-11.76	-14.86	-8.42	-0.52	-3.50	-5.81	-7.23
Noncontrolling Interest Sharing Ratio	0.00%	0.01%	13.88%	17.87%	17.45%	10.11%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.41	0.45	3.74	2.21	2.20	2.13	2.18	0.73	0.76	0.81	0.33
Quick Ratio	0.27	0.37	3.06	2.14	2.09	1.61	2.02	0.67	0.53	0.76	0.17
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	20	3.48	-2.44	-2.65	-0.14	-0.37	-3.84	-75	16	21	-6.73
Operating Cash Flow to CapEx	69.17%	-724.23%	0.00%	0.00%	0.00%	0.00%	0.00%	164.05%	141.51%	59.01%	-59.10%
Free Cash Flow to Firm to Interest Expense	75.08	7.87	-0.49	-28.52	-13.09	-26.64	-67.39	-138.48	14.31	48.03	-32.35
Operating Cash Flow to Interest Expense	9.52	-3.18	-0.18	-5.27	58.00	-51.21	-2.68	20.03	4.91	10.38	-34.32
Operating Cash Flow Less CapEx to Interest Expense	-4.24	-3.62	0.22	-5.17	66.64	-49.79	1.95	7.82	1.44	-7.21	-92.38
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.13	0.23	0.41	0.37	0.47	0.18	0.44	0.66	0.33	0.32	0.16
Accounts Receivable Turnover	4.77	6.74	10.48	7.99	9.29	3.79	9.20	21.60	11.69	11.35	8.39
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.18	0.35	0.75	0.68	0.76	0.29	0.84	0.76	0.36	0.42	0.33
Accounts Payable Turnover	0.00	0.00	0.00	0.52	0.03	1.26	1.67	0.20	0.13	0.04	0.02
Days Sales Outstanding (DSO)	76.57	54.15	34.83	45.67	39.29	96.34	39.66	16.90	31.22	32.16	43.48
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	696.33	10,715.36	289.03	218.91	1,839.65	2,749.95	8,145.73	20,656.53
Cash Conversion Cycle (CCC)	76.57	54.15	34.83	-650.66	-10,676.07	-192.69	-179.25	-1,822.75	-2,718.73	-8,113.57	-20,613.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	18	6.18	7.93	9.78	9.37	5.99	8.82	87	46	6.96	3.64
Invested Capital Turnover	0.20	0.48	0.93	0.63	0.69	0.30	0.90	0.93	0.49	0.78	1.39
Increase / (Decrease) in Invested Capital	-68	-12	1.75	1.85	-0.41	-3.39	2.84	78	-40	-39	-3.32
Enterprise Value (EV)	7.04	8.81	7.95	8.67	4.03	7.66	9.99	64	27	38	34
Market Capitalization	4.40	6.28	8.57	8.61	3.87	10	15	56	26	46	32
Book Value per Share	$0.55	$0.73	$1.45	$0.72	$0.69	$2.94	$2.87	$3.13	$1.82	$0.87	$0.70
Tangible Book Value per Share	$0.55	$0.73	$1.45	$0.72	$0.69	$2.94	$2.83	$3.13	$1.79	$0.84	$0.69
Total Capital	21	9.76	12	13	11	9.02	13	91	52	24	27
Total Debt	6.00	6.00	1.54	0.94	0.00	0.45	0.00	13	5.00	0.00	2.50
Total Long-Term Debt	0.00	0.00	0.94	0.00	0.00	0.08	0.00	13	5.00	0.00	2.50
Net Debt	2.65	2.54	-2.62	-1.94	-1.84	-2.58	-4.61	8.28	1.49	-7.85	1.93
Capital Expenditures (CapEx)	3.62	0.19	-2.00	-0.01	-0.10	-0.02	-0.26	6.64	3.87	7.77	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-7.13	-3.51	0.78	0.08	-0.37	-0.16	-1.38	-7.57	-6.22	-10	-4.61
Debt-free Net Working Capital (DFNWC)	-3.78	-0.04	4.94	2.96	1.47	2.87	3.23	-3.05	-2.71	-2.24	-4.04
Net Working Capital (NWC)	-9.78	-6.04	4.34	2.02	1.47	2.50	3.23	-3.05	-2.71	-2.24	-4.04
Net Nonoperating Expense (NNE)	45	5.77	0.67	0.77	-0.00	2.68	0.77	3.44	7.83	7.66	4.32
Net Nonoperating Obligations (NNO)	2.53	2.42	-2.73	-1.94	-1.84	-2.58	-4.61	8.28	-0.36	-17	-21
Total Depreciation and Amortization (D&A)	8.56	2.53	0.93	0.54	0.88	0.52	0.59	9.65	11	8.30	3.88
Debt-free, Cash-free Net Working Capital to Revenue	-69.27%	-61.05%	11.95%	1.43%	-5.61%	-6.91%	-20.73%	-16.99%	-19.25%	-48.97%	-62.74%
Debt-free Net Working Capital to Revenue	-36.69%	-0.75%	75.40%	53.35%	22.36%	123.35%	48.56%	-6.85%	-8.37%	-10.88%	-54.92%
Net Working Capital to Revenue	-94.97%	-105.17%	66.23%	36.43%	22.36%	107.25%	48.56%	-6.85%	-8.37%	-10.88%	-54.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($198.60)	($30.10)	($2.30)	($1.10)	($0.69)	($3.94)	($0.39)	($0.04)	($1.28)	($0.96)	($0.43)
Adjusted Weighted Average Basic Shares Outstanding	467.75K	476.80K	1.24M	128.89K	1.40M	4.68M	24.87M	24.67M	25.32M	26.72M	33.82M
Adjusted Diluted Earnings per Share	($198.60)	$47,680,130.00	($2.30)	($1.10)	($0.69)	($3.94)	($0.39)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	467.75K	476.80K	1.24M	128.89K	1.40M	4.68M	24.87M	0.00	25.33M	33.82M	44.27M
Adjusted Basic & Diluted Earnings per Share	$0.00	$47,680,130.00	($2.30)	($1.10)	($0.69)	($3.94)	($0.39)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	77.96K	476.80K	589.98K	1.29M	1.34M	1.63M	4.49M	0.00	25.33M	33.82M	44.27M
Normalized Net Operating Profit after Tax (NOPAT)	-5.49	-1.06	0.08	-0.80	0.28	-1.70	-1.00	2.48	-5.85	-6.15	-7.22
Normalized NOPAT Margin	-53.29%	-18.37%	1.17%	-14.50%	4.23%	-72.91%	-15.09%	5.56%	-18.11%	-29.80%	-98.25%
Pre Tax Income Margin	-653.50%	-203.13%	-20.79%	-9.55%	-8.37%	-278.15%	-26.58%	-6.41%	-102.88%	-124.22%	-195.40%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-254.57	-27.10	0.73	-4.69	-49.00	-461.93	-30.05	-4.25	-28.84	-56.95	-68.08
NOPAT to Interest Expense	-183.82	-18.89	-0.14	-8.63	-50.27	-268.50	-17.62	4.55	-22.02	-40.66	-48.32
EBIT Less CapEx to Interest Expense	-268.34	-27.54	1.13	-4.59	-40.36	-460.50	-25.42	-16.46	-32.32	-74.53	-126.14
NOPAT Less CapEx to Interest Expense	-197.58	-19.33	0.26	-8.54	-41.64	-267.07	-12.99	-7.66	-25.49	-58.25	-106.39
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-180.17%	-3.68%	0.00%	0.00%
Augmented Payout Ratio	-0.03%	-0.02%	-1.98%	0.00%	0.00%	0.00%	0.00%	-180.17%	-4.82%	-3.07%	-4.88%

This table displays calculated financial ratios and metrics derived from Big Sky Industrial Inc. Common Stock's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	25,506,570.00	25,506,570.00	25,327,950.00	25,287,213.00	28,052,959.00	27,965,113.00	33,821,019.00	33,992,732.00	34,023,549.00	34,405,143.00	44,269,192.00
DEI Adjusted Shares Outstanding	25,506,570.00	25,506,570.00	25,327,950.00	25,287,213.00	28,052,959.00	27,965,113.00	33,821,019.00	33,992,732.00	34,023,549.00	34,405,143.00	44,269,192.00
DEI Earnings Per Adjusted Shares Outstanding	-0.34	-0.78	-0.38	-0.08	-0.08	-0.42	-0.09	-0.18	-0.10	-0.05	-0.07
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-25.92%	-29.57%	-34.83%	-24.22%	-43.29%	-42.32%	-59.32%	-66.46%	-64.94%	-67.01%	-26.86%
EBITDA Growth	-181.69%	-1,282.31%	-595.63%	-27.68%	98.48%	40.85%	73.71%	-1,401.35%	-2,605.75%	87.86%	-36.12%
EBIT Growth	-299.82%	-1,779.15%	-802.88%	24.15%	74.85%	41.28%	67.40%	-225.45%	-50.37%	84.55%	-1.89%
NOPAT Growth	-1,467.88%	-6,700.92%	-309.29%	36.47%	49.42%	46.85%	61.51%	-263.58%	18.62%	85.97%	-1.81%
Net Income Growth	-313.82%	-993.65%	-664.80%	21.51%	74.43%	40.04%	67.38%	-206.89%	-48.69%	84.30%	-2.38%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-67.57%	3.92%	-355.51%	-20.80%	63.58%	-32.02%	-653.57%	-270.29%	-106.04%	-150.53%	46.04%
Free Cash Flow Firm Growth	111.04%	131.97%	514.46%	602.20%	460.56%	24.06%	-66.27%	-75.09%	-96.47%	-93.01%	27.12%
Invested Capital Growth	-15.44%	-46.71%	-54.37%	-56.15%	-63.66%	-84.92%	-40.87%	-42.80%	-14.41%	-47.71%	-85.52%
Revenue Q/Q Growth	9.56%	-16.20%	-26.40%	12.15%	-18.01%	-14.77%	-48.09%	-7.52%	-14.30%	-19.79%	15.06%
EBITDA Q/Q Growth	-1,215.59%	-195.42%	57.70%	105.19%	-123.45%	-11,394.25%	81.20%	-156.81%	51.24%	48.43%	-110.79%
EBIT Q/Q Growth	-254.99%	-131.52%	53.04%	80.35%	-17.70%	-440.52%	73.93%	-96.18%	45.62%	44.45%	-71.92%
NOPAT Q/Q Growth	-203.89%	-170.11%	63.82%	78.61%	-141.96%	-183.84%	73.80%	-102.04%	45.84%	51.08%	-90.20%
Net Income Q/Q Growth	-249.42%	-125.38%	51.85%	79.30%	-13.83%	-428.48%	73.80%	-94.73%	44.85%	44.21%	-70.87%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	33.67%	59.12%	-124.17%	254.06%	176.10%	-33.88%	-367.92%	65.18%	90.20%	-452.90%	-186.11%
Free Cash Flow Firm Q/Q Growth	187.23%	208.43%	66.13%	12.36%	-2.64%	-31.74%	-54.83%	-17.04%	-86.18%	35.08%	720.97%
Invested Capital Q/Q Growth	-10.91%	-39.09%	-14.44%	-5.57%	-26.16%	-74.72%	235.43%	-8.66%	10.50%	-84.55%	-7.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	98.09%	98.12%	98.81%	100.00%	100.00%	96.66%	100.00%	100.00%	100.00%	96.92%	100.00%
EBITDA Margin	-65.47%	-230.81%	-132.67%	6.14%	-1.76%	-236.69%	-85.73%	-238.07%	-135.44%	-87.09%	-159.54%
Operating Margin	-93.90%	-302.68%	-148.80%	-28.38%	-83.76%	-278.93%	-140.81%	-307.64%	-194.42%	-118.58%	-196.01%
EBIT Margin	-98.89%	-273.22%	-174.35%	-30.55%	-43.86%	-278.13%	-139.72%	-296.40%	-188.09%	-130.27%	-194.64%
Profit (Net Income) Margin	-100.54%	-270.39%	-176.91%	-32.65%	-45.33%	-281.07%	-141.86%	-298.72%	-192.23%	-133.72%	-198.57%
Tax Burden Percent	98.19%	97.74%	100.19%	99.80%	99.12%	100.22%	100.00%	100.00%	100.00%	100.32%	100.00%
Interest Burden Percent	103.54%	101.25%	101.28%	107.09%	104.28%	100.83%	101.53%	100.78%	102.20%	102.31%	102.02%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-28.13%	-103.12%	-48.64%	-8.93%	-26.92%	-151.56%	-54.64%	-98.45%	-54.23%	-115.12%	-69.42%
ROIC Less NNEP Spread (ROIC-NNEP)	-60.29%	-211.40%	-112.79%	-23.94%	65.76%	-110.36%	-29.14%	-50.52%	-34.03%	-111.37%	-65.07%
Return on Net Nonoperating Assets (RNNOA)	-7.79%	-13.40%	-12.12%	-2.20%	0.92%	27.46%	3.09%	5.42%	5.41%	86.97%	40.92%
Return on Equity (ROE)	-35.91%	-116.52%	-60.76%	-11.13%	-26.00%	-124.10%	-51.55%	-93.03%	-48.82%	-28.14%	-28.50%
Cash Return on Invested Capital (CROIC)	5.56%	24.01%	29.02%	32.18%	44.53%	79.91%	5.17%	-6.01%	-51.73%	-126.92%	73.93%
Operating Return on Assets (OROA)	-30.82%	-88.84%	-55.41%	-9.01%	-12.08%	-88.15%	-38.60%	-63.73%	-34.65%	-21.22%	-23.72%
Return on Assets (ROA)	-31.33%	-87.92%	-56.22%	-9.63%	-12.49%	-89.08%	-39.20%	-64.23%	-35.41%	-21.78%	-24.19%
Return on Common Equity (ROCE)	-35.91%	-116.52%	-60.76%	-11.13%	-26.00%	-124.10%	-51.55%	-93.03%	-48.82%	-28.14%	-28.50%
Return on Equity Simple (ROE_SIMPLE)	-21.70%	0.00%	-110.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-5.75	-16	-5.62	-1.20	-2.91	-8.25	-2.16	-4.37	-2.37	-1.16	-2.20
NOPAT Margin	-65.73%	-211.87%	-104.16%	-19.87%	-58.63%	-195.25%	-98.57%	-215.35%	-136.09%	-83.01%	-137.21%
Net Nonoperating Expense Percent (NNEP)	32.17%	108.28%	64.14%	15.01%	-92.68%	-41.21%	-25.50%	-47.94%	-20.20%	-3.74%	-4.35%
Return On Investment Capital (ROIC_SIMPLE)	-	-30.12%	-13.45%	-2.69%	-8.13%	-34.09%	-6.37%	-15.45%	-9.35%	-4.33%	-5.37%
Cost of Revenue to Revenue	1.91%	1.88%	1.19%	0.00%	0.00%	3.34%	0.00%	0.00%	0.00%	3.08%	0.00%
SG&A Expenses to Revenue	32.31%	34.94%	40.92%	34.58%	45.43%	39.01%	108.94%	110.75%	121.58%	94.40%	190.02%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	191.99%	400.79%	247.62%	128.38%	183.76%	375.60%	240.81%	407.64%	294.42%	215.50%	296.01%
Earnings before Interest and Taxes (EBIT)	-8.64	-20	-9.40	-1.85	-2.17	-12	-3.06	-6.01	-3.27	-1.82	-3.12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-5.72	-17	-7.15	0.37	-0.09	-10	-1.88	-4.83	-2.35	-1.21	-2.56
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.52	0.55	0.74	0.68	0.90	1.88	1.21	1.70	1.60	1.31	1.02
Price to Tangible Book Value (P/TBV)	0.53	0.56	0.76	0.70	0.92	1.94	1.21	1.70	1.60	1.33	1.02
Price to Revenue (P/Rev)	0.97	0.79	0.93	0.94	1.36	2.21	2.33	3.55	3.94	4.32	5.79
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	6.67%	9.00%	8.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.58	0.58	0.76	0.82	1.13	5.42	1.30	1.92	1.64	9.26	9.17
Enterprise Value to Revenue (EV/Rev)	1.25	0.84	1.02	1.11	1.31	1.83	1.74	3.06	3.80	4.58	4.59
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.24	4.93	6.51	6.93	5.76	8.23	47.03	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	9.64	1.69	1.65	1.54	1.35	1.78	18.71	0.00	0.00	0.00	3.14
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.18	0.11	0.14	0.19	0.00	0.00	0.01	0.01	0.01	0.10	0.07
Long-Term Debt to Equity	0.18	0.11	0.14	0.19	0.00	0.00	0.01	0.01	0.01	0.10	0.07
Financial Leverage	0.13	0.06	0.11	0.09	0.01	-0.25	-0.11	-0.11	-0.16	-0.78	-0.63
Leverage Ratio	1.55	1.59	1.63	1.66	1.69	1.84	1.79	1.90	1.82	1.87	1.54
Compound Leverage Factor	1.61	1.61	1.65	1.78	1.76	1.86	1.82	1.91	1.86	1.91	1.57
Debt to Total Capital	15.35%	9.70%	11.98%	15.65%	0.00%	0.00%	1.08%	1.10%	1.02%	9.37%	6.10%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	15.35%	9.70%	11.98%	15.65%	0.00%	0.00%	1.08%	1.10%	1.02%	9.37%	6.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	84.65%	90.30%	88.02%	84.35%	100.00%	100.00%	98.92%	98.90%	98.98%	90.64%	93.90%
Debt to EBITDA	-5.13	-0.24	-0.17	-0.24	0.00	0.00	-0.03	-0.02	-0.01	-0.24	-0.23
Net Debt to EBITDA	-4.22	-0.07	-0.10	-0.16	0.00	0.00	0.88	0.39	0.08	-0.19	0.74
Long-Term Debt to EBITDA	-5.13	-0.24	-0.17	-0.24	0.00	0.00	-0.03	-0.02	-0.01	-0.24	-0.23
Debt to NOPAT	-1.30	-0.20	-0.17	-0.25	0.00	0.00	-0.03	-0.02	-0.02	-0.25	-0.25
Net Debt to NOPAT	-1.07	-0.06	-0.10	-0.16	0.00	0.00	0.70	0.37	0.09	-0.19	0.80
Long-Term Debt to NOPAT	-1.30	-0.20	-0.17	-0.25	0.00	0.00	-0.03	-0.02	-0.02	-0.25	-0.25
Altman Z-Score	-1.48	-3.00	-3.24	-2.85	-3.26	-4.91	-3.75	-4.63	-5.37	-6.23	-3.99
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.55	0.76	0.51	0.50	0.31	0.81	1.38	0.76	0.33	0.33	1.92
Quick Ratio	0.46	0.53	0.41	0.41	0.25	0.76	1.27	0.70	0.26	0.17	1.74
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	8.09	25	41	47	45	31	14	12	1.60	2.16	18
Operating Cash Flow to CapEx	265.76%	497.01%	-418.75%	31.62%	114.92%	65.28%	-187.61%	-70.91%	-3.01%	-37.69%	-55.34%
Free Cash Flow to Firm to Interest Expense	26.43	99.39	345.38	355.48	487.53	315.82	297.48	246.78	22.26	51.55	282.11
Operating Cash Flow to Interest Expense	5.12	9.94	-5.03	7.09	27.58	17.31	-96.68	-33.66	-2.15	-20.40	-38.92
Operating Cash Flow Less CapEx to Interest Expense	3.20	7.94	-6.23	-15.34	3.58	-9.20	-148.21	-81.13	-73.68	-74.55	-109.25
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.31	0.33	0.32	0.30	0.28	0.32	0.28	0.22	0.18	0.16	0.12
Accounts Receivable Turnover	8.84	11.69	14.23	11.92	9.68	11.35	12.92	10.86	10.69	8.39	10.23
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.34	0.36	0.35	0.33	0.31	0.42	0.38	0.32	0.28	0.33	0.32
Accounts Payable Turnover	0.00	0.13	0.09	0.06	0.03	0.04	0.04	0.03	0.04	0.02	0.03
Days Sales Outstanding (DSO)	41.28	31.22	25.64	30.63	37.72	32.16	28.25	33.62	34.16	43.48	35.70
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	2,749.95	4,080.51	6,072.45	11,878.76	8,145.73	8,353.58	10,461.78	9,635.30	20,656.53	14,364.92
Cash Conversion Cycle (CCC)	41.28	-2,718.73	-4,054.87	-6,041.82	-11,841.05	-8,113.57	-8,325.33	-10,428.16	-9,601.15	-20,613.04	-14,329.22
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	76	46	39	37	28	6.96	23	21	24	3.64	3.38
Invested Capital Turnover	0.43	0.49	0.47	0.45	0.46	0.78	0.55	0.46	0.40	1.39	0.51
Increase / (Decrease) in Invested Capital	-14	-40	-47	-48	-48	-39	-16	-16	-3.97	-3.32	-20
Enterprise Value (EV)	44	27	30	30	31	38	30	41	39	34	31
Market Capitalization	34	26	27	26	32	46	41	48	40	32	39
Book Value per Share	$2.59	$1.82	$1.45	$1.49	$1.27	$0.87	$0.99	$0.82	$0.74	$0.70	$0.87
Tangible Book Value per Share	$2.56	$1.79	$1.42	$1.46	$1.25	$0.84	$0.99	$0.82	$0.74	$0.69	$0.86
Total Capital	78	52	42	45	36	24	34	28	25	27	41
Total Debt	12	5.00	5.00	7.00	0.00	0.00	0.37	0.31	0.26	2.50	2.50
Total Long-Term Debt	12	5.00	5.00	7.00	0.00	0.00	0.37	0.31	0.26	2.50	2.50
Net Debt	9.87	1.49	2.82	4.62	-1.26	-7.85	-10	-6.63	-1.47	1.93	-8.12
Capital Expenditures (CapEx)	0.59	0.50	0.14	2.94	2.23	2.60	2.42	2.23	5.15	2.27	4.43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-7.57	-6.22	-7.28	-7.55	-8.76	-10	-7.25	-9.49	-7.39	-4.61	-4.65
Debt-free Net Working Capital (DFNWC)	-5.43	-2.71	-5.10	-5.17	-7.50	-2.24	3.32	-2.55	-5.67	-4.04	5.97
Net Working Capital (NWC)	-5.43	-2.71	-5.10	-5.17	-7.50	-2.24	3.32	-2.55	-5.67	-4.04	5.97
Net Nonoperating Expense (NNE)	3.04	4.29	3.92	0.77	-0.66	3.63	0.95	1.69	0.98	0.71	0.98
Net Nonoperating Obligations (NNO)	9.62	-0.36	2.76	-0.43	-8.19	-17	-10	-6.63	-1.47	-21	-35
Total Depreciation and Amortization (D&A)	2.92	3.11	2.25	2.22	2.09	1.75	1.18	1.18	0.92	0.60	0.56
Debt-free, Cash-free Net Working Capital to Revenue	-21.38%	-19.25%	-24.73%	-27.46%	-36.93%	-48.97%	-41.61%	-70.81%	-72.60%	-62.74%	-68.67%
Debt-free Net Working Capital to Revenue	-15.35%	-8.37%	-17.31%	-18.79%	-31.61%	-10.88%	19.05%	-19.04%	-55.67%	-54.92%	88.32%
Net Working Capital to Revenue	-15.35%	-8.37%	-17.31%	-18.79%	-31.61%	-10.88%	19.05%	-19.04%	-55.67%	-54.92%	88.32%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.35)	$0.00	$0.00	($0.08)	($0.08)	($0.42)	($0.10)	($0.19)	($0.10)	($0.04)	($0.08)
Adjusted Weighted Average Basic Shares Outstanding	25.43M	25.32M	25.39M	25.45M	28.05M	26.72M	32.72M	32.67M	32.79M	33.82M	40.07M
Adjusted Diluted Earnings per Share	($0.35)	$0.00	($0.38)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	25.43M	25.33M	25.29M	28.05M	27.97M	33.82M	33.99M	34.02M	34.41M	44.27M	52.32M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	25.51M	25.33M	25.29M	28.05M	27.97M	33.82M	33.99M	34.02M	34.41M	44.27M	52.32M
Normalized Net Operating Profit after Tax (NOPAT)	-1.20	-1.39	-1.82	-1.20	-1.91	-4.70	-2.16	-2.14	-1.75	-1.16	-2.20
Normalized NOPAT Margin	-13.72%	-18.98%	-33.80%	-19.87%	-38.52%	-111.17%	-98.57%	-105.45%	-100.69%	-83.06%	-137.21%
Pre Tax Income Margin	-102.39%	-276.64%	-176.57%	-32.72%	-45.73%	-280.45%	-141.86%	-298.72%	-192.23%	-133.29%	-198.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-28.25	-79.73	-78.33	-14.10	-23.38	-119.91	-65.19	-127.89	-45.40	-43.24	-49.56
NOPAT to Interest Expense	-18.78	-61.83	-46.80	-9.17	-31.25	-84.18	-45.99	-92.92	-32.85	-27.55	-34.93
EBIT Less CapEx to Interest Expense	-30.18	-81.73	-79.53	-36.53	-47.38	-146.42	-116.72	-175.36	-116.93	-97.38	-119.89
NOPAT Less CapEx to Interest Expense	-20.70	-63.83	-48.00	-31.60	-55.25	-110.69	-97.52	-140.39	-104.38	-81.69	-105.27
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-12.33%	-3.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-14.01%	-4.82%	-1.88%	-1.72%	-2.12%	-3.07%	-3.26%	-2.30%	-2.12%	-4.88%	-4.03%

Financials Breakdown Chart

Key Financial Trends

Big Sky Industrial Inc. (NASDAQ:BSIN) shows a business that is still struggling to generate consistent profitability and operating cash flow, even though revenue has improved from recent lows. Over the last several quarters, the company’s sales have been volatile, margins remain pressured by heavy operating expenses and recurring impairment charges, and balance sheet leverage has been rising again.

Revenue rebounded in Q1 2026 to $1.6 million, up from $1.4 million in Q4 2025, showing some quarter-to-quarter improvement after a weak 2025 second half.
Cash increased sharply in Q1 2026, with cash and equivalents rising to $10.5 million from $1.4 million at Q3 2025, helped by equity issuance and financing activity.
Q1 2026 net cash from financing was positive at $16.9 million, reflecting the company’s ability to raise capital when needed.
Depreciation remains a large non-cash add-back, which helps cash flow somewhat even though reported earnings remain weak.
Property, plant and equipment spending remains ongoing, with Q1 2026 capital expenditures of $4.4 million, suggesting the company is still investing in its asset base.
Quarterly share count has been climbing, which can help fund operations but also dilutes existing shareholders.
Q1 2026 posted a net loss of $3.2 million, compared with a $1.9 million loss in Q4 2025, showing profitability remains elusive.
Operating loss widened in Q1 2026 to $3.1 million despite revenue growth, as operating expenses far exceeded gross profit.
Operating cash flow stayed negative in Q1 2026 at -$2.5 million, indicating the core business is still not self-funding.
Balance sheet leverage increased again, with long-term debt rising to $2.5 million in Q1 2026 after being $0 at Q1 2025 and $0 in Q3 2025.

Longer-term trend: BSIN’s quarterly revenue has been highly volatile, swinging from $8.7 million in Q3 2023 and $7.3 million in Q4 2023 down to roughly $1.4 million to $2.0 million in late 2025 and early 2026. At the same time, the company has repeatedly reported sizable operating losses, including especially weak periods in 2024 and 2025.

Profitability remains the biggest issue. In Q1 2026, operating expenses of $4.7 million were nearly three times revenue. Q4 2024 and Q1 2024 were even more difficult, with major impairment charges pushing losses much deeper. Even in quarters where revenue improved, expenses and non-operating costs kept the company in the red.

Cash flow tells a mixed story. The company has occasionally generated positive operating cash flow, but not consistently. Q1 2026 was negative, Q4 2025 was negative, and Q2 2025 was also negative. The recent increase in cash is therefore more a result of financing than of sustainable operating performance.

From a balance sheet perspective, liquidity is currently better than it was in late 2025, but shareholders should watch dilution and debt carefully. The company’s equity base remains large in accounting terms, but retained earnings are deeply negative, which reflects years of accumulated losses.

Bottom line: BSIN appears to be in a turnaround or stabilization phase, but the financials still point to a high-risk situation. Investors should focus on whether revenue can rise meaningfully while operating expenses, impairments, and cash burn come down.

07/17/26 02:02 PM ETAI Generated. May Contain Errors.

Big Sky Industrial Inc. Common Stock Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Big Sky Industrial Inc. Common Stock's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Big Sky Industrial Inc. Common Stock's net income appears to be on a downward trend, with a most recent value of -$14.37 million in 2025, falling from -$92.90 million in 2015. The previous period was -$25.63 million in 2024. See where experts think Big Sky Industrial Inc. Common Stock is headed by visiting Big Sky Industrial Inc. Common Stock's forecast page.

Big Sky Industrial Inc. Common Stock's total operating income in 2025 was -$14.36 million, based on the following breakdown:

Total Gross Profit: $7.29 million
Total Operating Expenses: $21.65 million

Over the last 10 years, Big Sky Industrial Inc. Common Stock's total revenue changed from $10.30 million in 2015 to $7.35 million in 2025, a change of -28.6%.

Big Sky Industrial Inc. Common Stock's total liabilities were at $16.44 million at the end of 2025, a 35.5% decrease from 2024, and a 6.9% decrease since 2015.

In the past 10 years, Big Sky Industrial Inc. Common Stock's cash and equivalents has ranged from $429 thousand in 2025 to $7.72 million in 2024, and is currently $429 thousand as of their latest financial filing in 2025.

Over the last 10 years, Big Sky Industrial Inc. Common Stock's book value per share changed from 0.55 in 2015 to 0.70 in 2025, a change of 28.8%.

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Financial statements for NASDAQ:BSIN last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Big Sky Industrial Inc. Common Stock (BSIN) Financials

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Big Sky Industrial Inc. Common Stock (BSIN) Financials

Annual Income Statements for Big Sky Industrial Inc. Common Stock

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Quarterly Balance Sheets for Big Sky Industrial Inc. Common Stock

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Financials Breakdown Chart

Key Financial Trends

Big Sky Industrial Inc. Common Stock Financials - Frequently Asked Questions

When does Big Sky Industrial Inc. Common Stock's financial year end?

How has Big Sky Industrial Inc. Common Stock's net income changed over the last 10 years?

What is Big Sky Industrial Inc. Common Stock's operating income?

How has Big Sky Industrial Inc. Common Stock's revenue changed over the last 10 years?

How much debt does Big Sky Industrial Inc. Common Stock have?

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How has Big Sky Industrial Inc. Common Stock's book value per share changed over the last 10 years?

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