BDGIF
Badger Infrastructure Solutions Ltd.
OTC Markets OTCQXUSDEQUITY
Industrials
DELAYED
Last price
61.61
▼ 0.39 (0.63%)
MARKET · —
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Interval
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Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
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Range —
Vol —
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Open
—
Prev close
62.00
Day high
62.35
Day low
61.61
Volume
586
Market cap
$2.07B
P/E (TTM)
34.23
52W range
41.59 – 70.12
Trailing performance
Returnvs SPY
1W
-2.09%
-1.0%
1M
-8.77%
-12.2%
3M
+0.80%
-1.7%
6M
+15.32%
+3.4%
YTD
+12.31%
+0.3%
1Y
+58.60%
+38.4%
3Y
+135.96%
+60.9%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
10 more panels on BDGIF open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
94.92K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 17, 26 | Jones (Stephen J. J.D.) Director of Issuer |
BUY | 600 | $38.28K | Direct |
| Aug 14, 26 | Jones (Stephen J. J.D.) Director of Issuer |
BUY | 200 | $12.56K | Direct |
| May 8, 26 | Badger Infrastructure Solutions Ltd Issuer |
— | 1.52K | — | Direct |
| Mar 31, 26 | Badger Infrastructure Solutions Ltd Issuer |
BUY | 2.43K | $107.78K | Direct |
| Mar 31, 26 | Badger Infrastructure Solutions Ltd Issuer |
— | 18.27K | — | Direct |
| Mar 30, 26 | Badger Infrastructure Solutions Ltd Issuer |
BUY | 2.44K | $107.71K | Direct |
| Mar 27, 26 | Badger Infrastructure Solutions Ltd Issuer |
BUY | 2.41K | $107.96K | Direct |
| Mar 26, 26 | Badger Infrastructure Solutions Ltd Issuer |
BUY | 2.35K | $108.23K | Direct |
| Mar 25, 26 | Badger Infrastructure Solutions Ltd Issuer |
BUY | 2.30K | $108.57K | Direct |
| Mar 24, 26 | Badger Infrastructure Solutions Ltd Issuer |
BUY | 2.34K | $108.99K | Direct |
| Mar 23, 26 | Badger Infrastructure Solutions Ltd Issuer |
BUY | 2.37K | $109.27K | Direct |
| Mar 20, 26 | Badger Infrastructure Solutions Ltd Issuer |
BUY | 4.05K | $182.04K | Direct |
| Mar 20, 26 | Badger Infrastructure Solutions Ltd Issuer |
— | 15.01K | — | Direct |
| Mar 19, 26 | Badger Infrastructure Solutions Ltd Issuer |
BUY | 4.05K | $181.94K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Badger Infrastructure Solutions Ltd |
Issuer | 0 | Redemption, retraction, cancelation, repurchase |
Blackadar (Robert George) |
Director of Issuer | 48.70K | Acquisition or disposition in the public market |
Jones (Stephen J. J.D.) |
Director of Issuer | 6.30K | Acquisition or disposition in the public market |
Fundamentals
Market cap$2.07B
Enterprise value$2.39B
Revenue (TTM)$911.24M
Gross profit$260.62M
EBITDA$129.09M
Net income$60.80M
EPS (TTM)$1.80
Free cash flow$4.08M
Total cash$7.07M
Total debt$328.46M
Book value / share$9.28
Shares outstanding33.66M
Float29.14M
Short % of float—
Dividend yield0.90%
Beta (5Y)1.01
Valuation & profitability ratios
Trailing P/E34.23
Forward P/E—
PEG ratio—
Price / sales—
Price / book6.64
EV / revenue2.62
EV / EBITDA18.52
Gross margin28.60%
Operating margin7.23%
Profit margin6.67%
Return on equity20.97%
Return on assets5.47%
Debt / equity105.14
Current ratio1.34
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $831.70M | $744.95M | $683.80M | $570.81M | +11.6% |
| Operating revenue | $790.93M | $703.34M | $650.89M | $547.86M | +12.5% |
| Cost of revenue | $590.89M | $526.95M | $492.71M | $431.66M | +12.1% |
| Gross profit | $240.81M | $218.01M | $191.09M | $139.15M | +10.5% |
| Selling, general & admin | $84.53M | $53.24M | $58.96M | $44.70M | +58.8% |
| Total operating expense | $173.27M | $131.95M | $128.83M | $104.28M | +31.3% |
| Operating income | $67.55M | $86.06M | $62.27M | $34.87M | -21.5% |
| Net interest income | -$16.64M | -$15.69M | -$16.99M | -$8.07M | -6.1% |
| Pre-tax income | $79.59M | $67.47M | $57.12M | $22.88M | +18.0% |
| Tax provision | $20.36M | $19.59M | $15.35M | $4.59M | +3.9% |
| Net income | $59.23M | $47.87M | $41.77M | $18.29M | +23.7% |
| Net income to common | $59.23M | $47.87M | $41.77M | $18.29M | +23.7% |
| Basic EPS | 1.75 | 1.39 | 1.21 | 0.53 | +25.9% |
| Diluted EPS | 1.75 | 1.39 | 1.21 | 0.53 | +25.9% |
| EBIT | $94.93M | $82.05M | $73.23M | $30.44M | +15.7% |
| EBITDA | $183.66M | $160.75M | $143.10M | $90.02M | +14.3% |
| Basic shares | 33.83M | 34.44M | 34.47M | 34.47M | -1.8% |
| Diluted shares | 33.83M | 34.44M | 34.47M | 34.47M | -1.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $4.77M | $14.62M | $8.51M | $5.40M | — | -67.4% |
| Cash & short-term investments | $4.77M | $14.62M | $8.51M | $5.40M | — | -67.4% |
| Accounts receivable | $173.46M | $161.06M | $152.23M | $136.27M | — | +7.7% |
| Inventory | $15.06M | $11.70M | $13.33M | $25.21M | — | +28.7% |
| Total current assets | $220.08M | $206.28M | $199.53M | $181.66M | — | +6.7% |
| Property, plant & equipment | $509.02M | $437.67M | $405.83M | $328.31M | — | +16.3% |
| Goodwill & intangibles | $27.80M | $25.47M | $24.82M | $23.03M | — | +9.1% |
| Total assets | $762.78M | $669.42M | $633.01M | $533.00M | — | +13.9% |
| Total current liabilities | $161.11M | $144.54M | $125.56M | $104.33M | — | +11.5% |
| Current debt | — | — | — | — | $25.00M | — |
| Long-term debt | $198.01M | $170.03M | $163.69M | $138.88M | — | +16.5% |
| Total debt | $258.54M | $220.28M | $210.92M | $165.99M | — | +17.4% |
| Total liabilities | $466.70M | $411.22M | $388.02M | $310.15M | — | +13.5% |
| Retained earnings | $236.14M | $196.71M | $183.39M | $159.33M | — | +20.0% |
| Shareholder equity | $296.08M | $258.20M | $244.99M | $222.85M | — | +14.7% |
| Working capital | $58.98M | $61.74M | $73.97M | $77.32M | — | -4.5% |
| Net tangible assets | $268.29M | $232.73M | $220.17M | $199.82M | — | +15.3% |
| Shares issued | 33.74M | 34.23M | 34.47M | 34.47M | — | -1.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $59.23M | $47.87M | $41.77M | $18.29M | +23.7% |
| Depreciation & amortisation | $88.73M | $78.70M | $69.87M | $59.58M | +12.7% |
| Stock-based compensation | $41.95M | $11.31M | $18.16M | $5.51M | +270.9% |
| Change in working capital | -$14.67M | -$5.76M | $9.36M | -$32.60M | -154.8% |
| Operating cash flow | $163.69M | $146.28M | $132.81M | $68.33M | +11.9% |
| Capital expenditure | -$124.57M | -$102.46M | -$112.01M | -$66.42M | -21.6% |
| Investing cash flow | -$125.04M | -$99.37M | -$106.64M | -$59.95M | -25.8% |
| Share buybacks | -$12.74M | -$6.08M | $0 | $0 | -109.7% |
| Dividends paid | -$18.00M | -$17.99M | -$17.51M | -$14.51M | -0.0% |
| Financing cash flow | -$48.50M | -$41.16M | -$23.12M | -$7.18M | -17.8% |
| Free cash flow | $39.12M | $43.82M | $20.80M | $1.91M | -10.7% |
| End cash position | $4.77M | $14.62M | $8.51M | $5.40M | -67.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $257.13M | $203.24M | $213.52M | $208.21M | $172.63M | — | +26.5% |
| Operating revenue | $245.51M | $194.30M | $202.32M | $197.42M | $164.84M | — | +26.4% |
| Cost of revenue | $179.58M | $153.38M | $157.70M | $144.65M | $128.58M | — | +17.1% |
| Gross profit | $77.55M | $49.86M | $55.82M | $63.56M | $44.05M | — | +55.5% |
| Selling, general & admin | $32.88M | $11.91M | $24.00M | $20.06M | $16.77M | — | +176.1% |
| Total operating expense | $58.96M | $36.79M | $48.28M | $41.78M | $37.04M | — | +60.3% |
| Operating income | $18.59M | $13.08M | $7.54M | $21.78M | $7.00M | — | +42.2% |
| Net interest income | -$5.15M | -$3.78M | -$4.98M | -$4.12M | -$3.51M | — | -36.4% |
| Pre-tax income | $33.80M | $660.00K | $11.40M | $24.37M | $5.89M | — | +5,021.5% |
| Tax provision | $11.34M | -$202.00K | $2.95M | $5.86M | $2.63M | — | +5,711.4% |
| Net income | $22.47M | $862.00K | $8.45M | $18.50M | $3.25M | — | +2,506.4% |
| Net income to common | $22.47M | $862.00K | $8.45M | $18.50M | $3.25M | — | +2,506.4% |
| Basic EPS | 0.67 | 0.03 | — | 0.55 | 0.10 | 0.32 | +2,133.3% |
| Diluted EPS | 0.67 | 0.03 | — | 0.55 | 0.10 | 0.32 | +2,133.3% |
| EBIT | $38.68M | $4.22M | $16.01M | $28.10M | $9.10M | — | +817.3% |
| EBITDA | $64.76M | $29.09M | $40.30M | $49.82M | $29.37M | — | +122.6% |
| Basic shares | 33.66M | 33.73M | — | 33.77M | 34.06M | 34.36M | -0.2% |
| Diluted shares | 33.66M | 33.73M | — | 33.77M | 34.06M | 34.36M | -0.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $7.07M | $6.80M | $4.77M | $6.47M | $1.12M | +4.0% |
| Cash & short-term investments | $7.07M | $6.80M | $4.77M | $6.47M | $1.12M | +4.0% |
| Accounts receivable | $198.45M | $171.66M | $173.46M | $172.85M | $153.50M | +15.6% |
| Inventory | $14.99M | $17.14M | $15.06M | $13.06M | $11.08M | -12.6% |
| Total current assets | $268.97M | $229.91M | $220.08M | $229.71M | $193.21M | +17.0% |
| Property, plant & equipment | $583.68M | $531.49M | $509.02M | $466.76M | $446.82M | +9.8% |
| Goodwill & intangibles | $26.02M | $26.36M | $27.80M | $24.99M | $24.81M | -1.3% |
| Total assets | $885.68M | $791.56M | $762.78M | $722.68M | $664.84M | +11.9% |
| Total current liabilities | $200.62M | — | — | — | — | — |
| Long-term debt | $255.18M | $234.71M | $198.01M | $213.78M | $193.16M | +8.7% |
| Total debt | $328.46M | $296.46M | $258.54M | $265.36M | $242.07M | +10.8% |
| Total liabilities | $573.28M | $500.61M | $466.70M | $455.27M | $410.50M | +14.5% |
| Retained earnings | $246.49M | $228.59M | $236.14M | $207.72M | $193.43M | +7.8% |
| Shareholder equity | $312.40M | $290.94M | $296.08M | $267.40M | $254.35M | +7.4% |
| Working capital | $68.35M | $59.97M | $58.98M | $82.85M | $68.05M | +14.0% |
| Net tangible assets | $286.38M | $264.58M | $268.29M | $242.42M | $229.53M | +8.2% |
| Shares issued | 33.66M | 33.69M | 33.74M | 33.74M | 33.93M | -0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | $22.47M | $862.00K | $8.45M | $18.50M | $3.25M | +2,506.4% |
| Depreciation & amortisation | $26.08M | $24.88M | $24.29M | $21.72M | $20.27M | +4.8% |
| Stock-based compensation | $21.45M | $102.00K | $13.09M | $9.22M | $6.51M | +20,934.3% |
| Change in working capital | -$16.63M | $6.20M | $15.27M | -$6.42M | -$12.16M | -368.1% |
| Operating cash flow | $46.95M | $18.32M | $57.07M | $43.47M | $8.71M | +156.3% |
| Capital expenditure | -$60.59M | -$40.27M | -$27.97M | -$30.43M | -$25.73M | -50.4% |
| Investing cash flow | -$62.06M | -$39.94M | -$30.47M | -$29.94M | -$24.73M | -55.4% |
| Share buybacks | -$1.49M | -$2.15M | $0 | -$5.02M | -$7.72M | +30.8% |
| Dividends paid | -$4.78M | -$4.56M | -$4.50M | -$4.58M | -$4.29M | -4.8% |
| Financing cash flow | $15.39M | $23.66M | -$27.16M | -$8.18M | $2.52M | -35.0% |
| Free cash flow | -$13.64M | -$21.96M | $29.10M | $13.04M | -$17.02M | +37.9% |
| End cash position | $7.07M | $6.80M | $4.77M | $6.47M | $1.12M | +4.0% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $395.44M | +18.0% |
| Next quarter | — | — | $348.65M | +19.1% |
| Current year | — | — | $1.39B | +21.7% |
| Next year | — | — | $1.55B | +11.6% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders0.28%
Held by institutions62.69%
Institutions holding107
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
63.54
-3.05% from price
SMA 20
64.26
-4.32% from price
SMA 50
64.58
-4.78% from price
SMA 100
59.70
+3.21% from price
SMA 200
55.92
+9.96% from price
EMA 12
63.45
-2.90% from price
EMA 26
64.19
-4.02% from price
EMA 50
63.61
-3.15% from price
RSI (14)
39.7
Neutral
MACD (12,26,9)
-0.74
Hist -0.45
ATR (14)
1.11
1.81% of price
Realised vol 30D
48.4%
Annualised
Bollinger upper
69.12
20, 2σ
Bollinger lower
59.41
20, 2σ
50 / 200 cross
Golden
64.58 vs 55.92
Trend bias
Above 200
+9.96%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
-0.04
Less volatile than market
Correlation to SPY
-0.01
Largely independent
Realised vol 30D
48.4%
Annualised
Market vol 1Y
12.8%
SPY, annualised
Max drawdown 1Y
-26.0%
Peak to trough
Max drawdown 5Y
-39.1%
Peak to trough
ATR 14
1.11
1.81% of price
Beta (reported)
1.01
5Y monthly, from filing
Dividends & splits
Forward rate$0.56 / yr
Forward yield0.90%
5-year avg yield1.78%
Payout ratio30.49%
Ex-dividend dateSep 30, 2026
Next pay dateJul 15, 2026
Last split3:1
Split dateJan 28, 2014
Headlines
Badger Infrastructure Solutions Ltd (BDGIF) (Q2 2026) Earnings Call Highlights: Record Revenue ...
GuruFocus.com · 21d ago
Badger Infrastructure Solutions Q2 Earnings Call Highlights
MarketBeat · 23d ago
Badger Infrastructure Q2 Earnings and Revenue Top Estimates; Sees Higher Fleet Growth
MT Newswires · 25d ago
Canadian Investment Regulatory Organization Trade Resumption - BDGI
CNW Group · 25d ago
Canadian Investment Regulatory Organization Trading Halt - BDGI
CNW Group · 25d ago
Badger Delivers 23% Organic Revenue Growth and 25% Adjusted EBITDA Growth in the Second Quarter of 2026
TMX Newsfile · 25d ago
CIBC Raises Price Targets on Badger Infrastructure, Bird Construction, Toromont Industries
MT Newswires · 47d ago
Badger Confirms Release Date for Q2 2026 Results
TMX Newsfile · 49d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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