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Financial statements

BIG SKY INDUSTRIAL INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data BIG SKY INDUSTRIAL INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue6.555.546.572.336.6644.632.320.67.35
General and administrative4.6411.211.58.28.06
Operating expenses17.77.536.697.367.78.094167.446.321.7
Operating income-11.9-0.99-1.15-0.79-5.37-1.443.54-35-25.7-14.4
Interest expense0.440.510.090.01
Other non-operating income0.26-0.370.110.24-1.11-0.34-6.391.790.06-0.01
Pre-tax income-11.7-1.36-1.04-0.55-6.48-1.77-2.86-33.2-25.6-14.4
Income tax-0.04-1.89-0.890.020.01
Income from continuing operations-11.7-1.36
Net income-14.1-1.36-1.04-0.55-6.44-1.77-0.96-32.4-25.6-14.4
EBITDA-9.4-0.24-0.75-0.1-4.9-0.8513.1-23.8-17.4-10.8
EPS, basic-35.31-2.70-1.06-0.69-3.94-0.39-0.04-1.28-0.96-0.43
EPS, diluted-35.31-2.70-1.06-0.69-3.94-0.39-0.04-1.28-0.96-0.43
Shares, basic (weighted)0.4101.291.341.634.4924.725.326.733.8
Shares, diluted (weighted)0.4101.291.341.634.4924.725.326.733.8
Dividend per share0.07

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents2.523.282.341.532.854.424.413.357.720.43
Short-term investments0.310.180.190.110.160.130.15
Receivables0.560.690.70.720.510.933.192.341.30.45
Other current assets0.10.060.110.140.180.180.560.530.570.96
Total current assets4.895.923.692.694.715.988.448.379.721.99
Property, plant and equipment1.861.722.252.120.030.190.650.90.660.32
Lease right-of-use assets0.180.130.120.870.690.530.36
Other non-current assets2.020.070.080.030.070.130.350.310.30.27
Total assets16.815.314.813.512.417.711880.449.740.6
Accounts payable0.710.670.971.460.892.571.942.20.89
Short-term debt60.6
Total current liabilities10.91.581.671.222.212.7411.511.1126.02
Long-term debt0.94
Lease liabilities0.140.080.020.790.610.420.21
Other non-current liabilities0.030.010.010.010
Total liabilities156.663.062.263.84.234033.925.516.4
Total debt61.54
Paid-in capital128135137137143149217218221236
Retained earnings-124-125-127-128-134-136-139-172-198-212
Other comprehensive income-0.9
Shareholders' equity1.768.669.729.218.5713.478.446.824.224.2
Total equity1.768.669.729.218.5713.478.446.824.224.2
Total liabilities and equity16.815.314.813.512.417.711880.449.740.6
Shares outstanding0.521.221.341.343.324.682525.327.934.4

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-14.1-1.36-1.04-0.55-6.44-1.77-0.96-32.4-25.6-14.4
Depreciation and amortization2.530.750.390.690.470.599.6111.28.253.61
Stock-based compensation0.210.320.640.040.210.553.022.291.271.85
Deferred income tax-1.92-0.88-0.020
Change in payables-1.05-0.08-0.280.10.46-0.131.41-0.061.21-1.99
Cash from operations-1.41-0.89-0.490.64-0.72-0.1510.95.474.59-7.14
Capital expenditures-0.19-0.3-0.01-0.2-0.44
Acquisitions-0.38-0.7-12.6
Sales and maturities of investments0.05
Cash from investing-0.191.7-1.31-0.28-1.11-3.33-16.92.835.77-11.9
Debt repaid-6.55-7.5-70
Stock issued1.32-0.031.674.475.28011.9
Share buybacks-00-0.37-0.79-0.32
Dividends paid-1.74-1.190
Cash from financing1.21-0.050.86-1.173.155.056.04-9.36-5.9811.7
Net change in cash-0.840.76-0.94-0.811.321.57-0.01-1.064.37-7.29
Free cash flow-1.6-1.19-0.5-0.3510.5
Interest paid0.440.450.120.010.010.010.50.810.610.03
Income taxes paid0.020

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $1.44 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-153.7%Operating income / revenue.
EBITDA margin-117.0%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-155.2%Pre-tax income / revenue.
Net margin-155.3%Net income / revenue.
Operating cash flow margin-62.1%Cash from operations / revenue.
Return on equity (ROE)-28.8%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-19.1%Net income / average total assets.
Return on invested capital (ROIC)-26.9%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue28.4%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue36.7%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-64.3%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-45.1%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y25.8%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y-255.6%Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y-0.0%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-32.4%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y23.1%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-18.2%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-30.0%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y26.9%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y26.6%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y11.1%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y83.4%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.21xCurrent assets / current liabilities.
Quick ratio1.03x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.94x(Cash + short-term investments) / current liabilities.
Liabilities / assets33.8%Total liabilities / total assets.
Working capital$1.4MCurrent assets - current liabilities.
Tangible book value$37.0MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.12xRevenue / average total assets.
Fixed asset turnover21.5xRevenue / average property, plant and equipment.
Receivables turnover10.9xRevenue / average receivables.
Days sales outstanding33 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.20Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$0.13Revenue / diluted weighted shares.
Operating cash flow per share-$0.08Cash from operations / diluted weighted shares.
Book value per share$0.71Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$0.71Tangible book value / shares outstanding.
Cash per share$0.12(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$75.6MShare price x shares outstanding.
Enterprise value$69.5MMarket cap + total debt - cash - short-term investments.
P/S11.0xMarket cap / revenue.
P/B2.04xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book2.04xMarket cap / tangible book value, when positive.
EV/Sales10.1xEnterprise value / revenue.
Earnings yield-14.1%Net income / market cap (the inverse of P/E).
Shareholder yield0.0%(Dividends paid + share buybacks) / market cap.
What was BIG SKY INDUSTRIAL INC.'s revenue in fiscal 2025?

BIG SKY INDUSTRIAL INC. reported revenue of $7.4M for fiscal 2025, 64.3% lower than the year before.

Was BIG SKY INDUSTRIAL INC. profitable in fiscal 2025?

No. It reported a net loss of $14.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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