BSIN
Big Sky Industrial Inc.
NasdaqCMUSDEQUITY
Energy
DELAYED
Buy
+32/100
Last price
1.45
▼ 0.01 (0.68%)
MARKET · —
Price
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Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
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Session levels
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Tool
1D
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Range —
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vs
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Open
—
Prev close
1.46
Day high
1.48
Day low
1.44
Volume
170.86K
Market cap
$76.12M
P/E (TTM)
—
52W range
0.66 – 1.67
Trailing performance
Returnvs SPY
1W
+3.57%
+1.6%
1M
-5.84%
-7.0%
3M
+30.63%
+26.1%
6M
+64.77%
+46.6%
YTD
+57.61%
+43.4%
1Y
+19.83%
+3.4%
3Y
+7.41%
-74.8%
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
5 more panels on BSIN 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
17.10M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Mar 31, 26 | SMITH RYAN LEWIS Chief Executive Officer |
BUY | 15.00K | $13.05K | Direct |
| Mar 3, 26 | BATCHELOR JOSHUA LANE Beneficial Owner of more than 10% of a Class of Security |
SELL | 700.00K | $907.09K | Indirect |
| Oct 27, 25 | BATCHELOR JOSHUA LANE Beneficial Owner of more than 10% of a Class of Security |
SELL | 538.41K | $675.58K | Direct |
| Sep 12, 25 | SMITH RYAN LEWIS Chief Executive Officer |
BUY | 4.00K | $4.56K | Direct |
| Aug 13, 25 | SMITH RYAN LEWIS Chief Executive Officer |
BUY | 2.00K | $2.34K | Direct |
| Jun 23, 25 | BATCHELOR JOSHUA LANE Beneficial Owner of more than 10% of a Class of Security |
SELL | 1.70M | $3.44M | Indirect |
| Jun 17, 25 | KEYS RANDALL D Director |
SELL | 45.00K | $77.17K | Direct |
| Jun 3, 25 | SMITH RYAN LEWIS Chief Executive Officer |
BUY | 2.50K | $3.25K | Direct |
| May 29, 25 | SMITH RYAN LEWIS Chief Executive Officer |
BUY | 2.00K | $2.62K | Direct |
| May 20, 25 | SMITH RYAN LEWIS Chief Executive Officer |
BUY | 2.50K | $2.98K | Direct |
| May 13, 25 | SMITH RYAN LEWIS Chief Executive Officer |
BUY | 3.00K | $3.27K | Direct |
| Mar 27, 25 | SMITH RYAN LEWIS Chief Executive Officer |
BUY | 1.00K | $1.28K | Direct |
| Mar 14, 25 | SMITH RYAN LEWIS Chief Executive Officer |
BUY | 1.00K | $1.31K | Direct |
| Feb 27, 25 | SMITH RYAN LEWIS Chief Executive Officer |
BUY | 1.00K | $1.65K | 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 |
|---|---|---|---|
BATCHELOR JOSHUA LANE |
Beneficial Owner of more than 10% of a Class of Security | — | Sale |
DENNY JAMES W III |
Director | 203.91K | Stock Award(Grant) |
KEYS RANDALL D |
Director | 193.91K | Sale |
KING DUANE H. |
Director and Beneficial Owner of more than 10% of a Class of Security | 3.62M | Stock Award(Grant) |
SLACK D STEPHEN |
Director | 208.91K | Stock Award(Grant) |
SMITH RYAN LEWIS |
Chief Executive Officer | 1.12M | Purchase |
WEINZIERL JOHN A |
Director and Beneficial Owner of more than 10% of a Class of Security | — | Stock Award(Grant) |
ZAJAC MARK L |
Chief Financial Officer | 360.00K | Stock Award(Grant) |
Fundamentals
Market cap$76.12M
Enterprise value$74.82M
Revenue (TTM)$6.33M
Gross profit$2.34M
EBITDA$-7.02M
Net income$-10.67M
EPS (TTM)$-0.28
Free cash flow$-23.10M
Total cash$6.10M
Total debt$4.81M
Book value / share$0.71
Shares outstanding52.49M
Float38.58M
Short % of float1.72%
Dividend yield0.00%
Beta (5Y)0.90
Valuation & profitability ratios
Trailing P/E—
Forward P/E16.11
PEG ratio—
Price / sales—
Price / book2.05
EV / revenue11.82
EV / EBITDA-10.66
Gross margin36.92%
Operating margin-112.65%
Profit margin-168.51%
Return on equity-32.83%
Return on assets-12.17%
Debt / equity12.99
Current ratio1.21
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $7.35M | $20.62M | $32.32M | $44.55M | -64.3% |
| Operating revenue | $7.35M | $20.62M | $32.32M | $44.55M | -64.3% |
| Cost of revenue | $9.38M | $20.83M | $29.15M | $29.86M | -55.0% |
| Gross profit | -$2.03M | -$213.00K | $3.16M | $14.70M | -851.2% |
| Selling, general & admin | $8.06M | $8.20M | $11.52M | $11.16M | -1.6% |
| Total operating expense | $8.29M | $8.56M | $11.52M | $11.16M | -3.2% |
| Operating income | -$10.32M | -$8.78M | -$8.36M | $3.54M | -17.6% |
| Net interest income | -$208.00K | -$442.00K | -$1.11M | -$544.00K | +52.9% |
| Pre-tax income | -$14.37M | -$25.61M | -$33.25M | -$2.86M | +43.9% |
| Tax provision | $6.00K | $20.00K | -$891.00K | -$1.89M | -70.0% |
| Net income | -$14.37M | -$25.63M | -$32.36M | -$963.00K | +43.9% |
| Net income to common | -$14.37M | -$25.63M | -$32.36M | -$963.00K | +43.9% |
| Basic EPS | -0.43 | -0.96 | -1.28 | -0.04 | +55.2% |
| Diluted EPS | -0.43 | -0.96 | -1.28 | -0.04 | +55.2% |
| EBIT | -$14.16M | -$25.17M | -$32.13M | -$2.31M | +43.7% |
| EBITDA | -$10.38M | -$16.75M | -$20.72M | $7.50M | +38.0% |
| Basic shares | 33.82M | 26.72M | 25.32M | 24.67M | +26.6% |
| Diluted shares | 33.82M | 26.72M | 25.32M | 24.67M | +26.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $429.00K | $7.72M | $3.35M | $4.41M | -94.4% |
| Cash & short-term investments | $575.00K | $7.85M | $3.52M | $4.52M | -92.7% |
| Accounts receivable | $454.00K | $1.30M | $2.34M | $3.19M | -65.0% |
| Total current assets | $1.99M | $9.72M | $8.37M | $8.44M | -79.6% |
| Property, plant & equipment | $38.38M | $39.64M | $71.77M | $109.52M | -3.2% |
| Total assets | $40.63M | $49.67M | $80.44M | $118.32M | -18.2% |
| Total current liabilities | $6.02M | $12.35M | $11.08M | $11.49M | -51.2% |
| Long-term debt | $2.50M | — | $5.00M | $12.00M | — |
| Total debt | $2.92M | $611.00K | $5.79M | $12.98M | +377.3% |
| Total liabilities | $16.43M | $25.47M | $33.92M | $39.97M | -35.5% |
| Retained earnings | -$211.91M | -$197.54M | -$172.13M | -$138.59M | -7.3% |
| Shareholder equity | $24.20M | $24.20M | $46.52M | $78.35M | -0.0% |
| Working capital | -$4.04M | -$2.62M | -$2.71M | -$3.05M | -53.9% |
| Net tangible assets | $24.20M | $24.20M | $46.52M | $78.35M | -0.0% |
| Shares issued | 34.41M | 27.90M | 25.33M | 25.02M | +23.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$14.37M | -$25.63M | -$32.36M | -$963.00K | — | +43.9% |
| Depreciation & amortisation | $3.78M | $8.42M | $11.41M | $9.81M | — | -55.1% |
| Stock-based compensation | $1.85M | $1.27M | $2.29M | $3.02M | — | +46.1% |
| Change in working capital | -$2.23M | $2.28M | $2.25M | $2.72M | — | -197.8% |
| Operating cash flow | -$7.14M | $4.59M | $5.47M | $10.90M | — | -255.6% |
| Capital expenditure | -$12.08M | -$7.90M | -$3.87M | -$19.28M | — | -52.9% |
| Investing cash flow | -$11.88M | $5.77M | $2.83M | -$16.95M | — | -306.0% |
| Share buybacks | -$1.89M | -$788.00K | -$368.00K | $0 | — | -139.8% |
| Dividends paid | — | $0 | -$1.19M | -$1.74M | $0 | — |
| Financing cash flow | $11.73M | -$5.98M | -$9.36M | $6.04M | — | +296.0% |
| Free cash flow | -$19.21M | -$3.31M | $1.60M | -$8.39M | — | -479.8% |
| End cash position | $429.00K | $7.72M | $3.35M | $4.41M | — | -94.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | — | $1.60M | $1.39M | $1.74M | $2.03M | $2.19M | — |
| Operating revenue | — | $1.60M | $1.39M | $1.74M | $2.03M | $2.19M | — |
| Cost of revenue | — | $1.60M | $1.71M | $2.00M | $2.84M | $2.89M | — |
| Gross profit | — | $5.00K | -$311.00K | -$259.00K | -$809.00K | -$699.00K | — |
| Selling, general & admin | — | $3.05M | $1.31M | $2.11M | $2.25M | $2.39M | — |
| Total operating expense | — | $3.15M | $1.37M | $2.24M | $2.25M | $2.39M | — |
| Operating income | — | -$3.14M | -$1.68M | -$2.50M | -$3.06M | -$3.09M | — |
| Net interest income | — | -$63.00K | -$41.00K | -$72.00K | -$47.00K | -$47.00K | — |
| Pre-tax income | — | -$3.19M | -$1.86M | -$3.34M | -$6.06M | -$3.11M | — |
| Tax provision | — | $0 | $6.00K | $0 | $0 | $0 | — |
| Net income | — | -$3.19M | -$1.86M | -$3.34M | -$6.06M | -$3.11M | — |
| Net income to common | — | -$3.19M | -$1.86M | -$3.34M | -$6.06M | -$3.11M | — |
| Basic EPS | -0.04 | -0.08 | — | -0.10 | -0.19 | -0.10 | +50.0% |
| Diluted EPS | -0.04 | -0.08 | — | -0.10 | -0.19 | -0.10 | +50.0% |
| EBIT | — | -$3.12M | -$1.82M | -$3.27M | -$6.01M | -$3.06M | — |
| EBITDA | — | -$2.52M | -$1.22M | -$2.41M | -$4.85M | -$1.90M | — |
| Basic shares | 52.39M | 40.07M | — | 32.79M | 32.67M | 32.72M | +30.8% |
| Diluted shares | 52.39M | 40.07M | — | 32.79M | 32.67M | 32.72M | +30.8% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $10.45M | $429.00K | $1.42M | $6.73M | $10.50M | +2,336.1% |
| Cash & short-term investments | $10.62M | $575.00K | $1.73M | $6.94M | $10.57M | +1,746.8% |
| Accounts receivable | $714.00K | $454.00K | $490.00K | $567.00K | $609.00K | +57.3% |
| Total current assets | $12.49M | $1.99M | $2.80M | $8.21M | $12.09M | +529.3% |
| Property, plant & equipment | $42.45M | $38.38M | $43.40M | $42.57M | $43.47M | +10.6% |
| Total assets | $55.19M | $40.63M | $46.50M | $50.99M | $55.84M | +35.8% |
| Total current liabilities | $6.52M | $6.02M | $8.47M | $10.77M | $8.77M | +8.2% |
| Long-term debt | $2.50M | $2.50M | — | — | — | 0.0% |
| Total debt | $2.87M | $2.92M | $465.00K | $515.00K | $564.00K | -1.7% |
| Total liabilities | $16.72M | $16.43M | $21.46M | $23.03M | $22.28M | +1.7% |
| Retained earnings | -$215.10M | -$211.91M | -$210.43M | -$207.09M | -$201.03M | -1.5% |
| Shareholder equity | $38.48M | $24.20M | $25.04M | $27.96M | $33.56M | +59.0% |
| Working capital | $5.97M | -$4.04M | -$5.67M | -$2.55M | $3.32M | +247.9% |
| Net tangible assets | $38.48M | $24.20M | $25.04M | $27.96M | $33.56M | +59.0% |
| Shares issued | 52.32M | 34.41M | 34.14M | 34.02M | 34.06M | +52.1% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$3.19M | -$1.86M | -$3.34M | -$6.06M | -$3.11M | -70.9% |
| Depreciation & amortisation | $604.00K | $598.00K | $860.00K | $1.16M | $1.16M | +1.0% |
| Stock-based compensation | $446.00K | $399.00K | $420.00K | $563.00K | $471.00K | +11.8% |
| Change in working capital | -$249.00K | $156.00K | $979.00K | -$262.00K | -$3.11M | -259.6% |
| Operating cash flow | -$2.45M | -$857.00K | -$155.00K | -$1.58M | -$4.54M | -186.1% |
| Capital expenditure | -$4.43M | -$2.27M | -$5.15M | -$2.23M | -$2.42M | -94.9% |
| Investing cash flow | -$4.43M | -$2.21M | -$5.16M | -$2.09M | -$2.42M | -100.1% |
| Share buybacks | $0 | $0 | $0 | -$82.00K | -$1.81M | — |
| Dividends paid | $0 | — | — | — | $0 | — |
| Financing cash flow | $16.91M | $2.08M | $0 | -$104.00K | $9.74M | +710.8% |
| Free cash flow | -$6.88M | -$3.13M | -$5.30M | -$3.81M | -$6.97M | -119.8% |
| End cash position | $10.45M | $429.00K | $1.42M | $6.73M | $10.50M | +2,336.1% |
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
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.05 | -0.05 | +8.6% |
| Mar 2026 | -0.04 | -0.08 | -97.3% |
| Dec 2025 | -0.05 | -0.04 | +23.4% |
| Sep 2025 | -0.09 | -0.11 | -19.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.06 | 1 | $1.95M | +12.2% |
| Next quarter | -0.05 | 1 | $1.91M | +37.2% |
| Current year | -0.23 | 1 | $7.60M | +3.4% |
| Next year | 0.09 | 1 | $20.50M | +169.7% |
Analyst targets & ownership
Mean target$2.75
High target$3.50
Low target$2.00
Implied upside89.66%
Analyst count2
ConsensusNONE
Strong buy / Buy0 / 1
Hold0
Sell / Strong sell0 / 0
Held by insiders32.57%
Held by institutions26.23%
Institutions holding42
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
1.44
+0.62% from price
SMA 20
1.51
-4.16% from price
SMA 50
1.42
+1.80% from price
SMA 100
1.26
+15.26% from price
SMA 200
1.12
+29.21% from price
EMA 12
1.46
-0.72% from price
EMA 26
1.47
-1.41% from price
EMA 50
1.42
+2.05% from price
RSI (14)
48.1
Neutral
MACD (12,26,9)
-0.01
Hist -0.02
ATR (14)
0.08
5.32% of price
Realised vol 30D
55.0%
Annualised
Bollinger upper
1.68
20, 2σ
Bollinger lower
1.35
20, 2σ
50 / 200 cross
Golden
1.42 vs 1.12
Trend bias
Above 200
+29.21%
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
-0.42
Less volatile than market
Correlation to SPY
-0.07
Largely independent
Realised vol 30D
55.0%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-51.7%
Peak to trough
Max drawdown 5Y
-91.2%
Peak to trough
ATR 14
0.08
5.32% of price
Beta (reported)
0.90
5Y monthly, from filing
Short interest
Shares short
666.03K
Prior 934.70K
Change vs prior
-28.7%
Shorts covering
% of float
1.72%
Normal
% of shares out
1.27%
Against total outstanding
Days to cover
0.8
Liquid
Float
38.58M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 17, 26 | Johnson Rice | UPGRADE | Accumulate | Buy |
| Mar 10, 26 | D. Boral Capital | MAINTAINED | Buy | Buy |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio200.76%
Ex-dividend dateMay 18, 2023
Next pay dateMay 30, 2023
Last split1:10
Split dateJan 6, 2020
SEC filings
Periodic Financial Reports
10-Q · 2026-08-11
Corporate Changes & Voting Matters
8-K · 2026-06-04
Corporate Changes & Voting Matters
8-K/A · 2026-05-15
Corporate Changes & Voting Matters
8-K · 2026-05-08
Periodic Financial Reports
10-Q · 2026-05-07
Corporate Changes & Voting Matters
8-K · 2026-04-27
Corporate Changes & Voting Matters
8-K · 2026-04-20
Annual Report to Shareholders
ARS · 2026-04-06
Headlines
Big Sky Industrial Targets 2027 Helium Sales as Montana Carbon Hub Takes Shape
MarketBeat · 4d ago
New to The Street Show 773 Premieres Tonight on Bloomberg Television, Featuring Glint, Sagtec Global, BioVie and SafeSpace Global
ACCESS Newswire · 11d ago
Big Sky Industrial Inc. to Participate in the Noble Capital Markets’ Emerging Growth Virtual Equity Conference
GlobeNewswire · 13d ago
NewsOut, the "Place for Pubcos(TM)" Expands Its 1.2 Million-Subscriber YouTube Channel With New TV Commercials and Varticles(TM) Columns
ACCESS Newswire · 25d ago
Big Sky Industrial Targets Helium, Carbon Revenue in Phase I Launch
MarketBeat · 47d ago
Big Sky Industrial Inc. to Present at Sidoti’s Micro-Cap Virtual Investor Conference
GlobeNewswire · 49d ago
Sidoti Events, LLC's August Micro-Cap Virtual Conference
ACCESS Newswire · 50d ago
BSIN: Big Sky Industrial's Strong Revenue and EBITDA Growth Expected in 2027 Supports Price Target of $3.50
Zacks Small Cap Research · 50d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.