BIG SKY INDUSTRIAL INC.
BSIN, USEG · Crude Petroleum & Natural Gas · 52.3M shares · +101%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$480K (gross $788K, SBC $1M)
Reference price $0.87 · est. market cap ~$46M — last insider purchase, 2026-03-31 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
F38Big Sky is a distressed oil & gas micro-cap with deeply negative margins, collapsing revenue and near-empty cash.
Strengths
- Insider ownership (~38%) aligns management with shareholders
- Optionality in a speculative industrial-gas processing concept if it can raise capital
Risks
- Operating margin -195% (10th pct), revenue down 64%, current ratio 0.33 and only $575K cash — funding/going-concern risk
- Admitted lack of effective internal controls, heavy dilution risk and Nasdaq listing risk
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-195.3%
Net margin
-195.5%
Return on equity
-59.4%
Return on assets
-35.4%
Revenue growth (QoQ)
15.1%
Current ratio
0.3×
EBITDA
-$11M
Tangible book value
$24M
Cash & investments
$575K
Stock comp / revenue
25.2%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-29 | Weinzierl John A | Other | 909K | $1.10 |
| 2026-04-29 | Weinzierl John A | Other | 909K | $1.10 |
| 2026-04-29 | Weinzierl John A | Other | 1.8M | $1.10 |
| 2026-03-31 | Smith Ryan Lewis | Buy | 15K | $0.87 |
| 2026-03-19 | Zajac Mark L. | Tax withheld | 22K | $1.02 |
| 2026-03-19 | Smith Ryan Lewis | Tax withheld | 19K | $1.02 |
| 2026-03-03 | Batchelor Joshua Lane | Sell | 218K | $1.37 |
| 2026-03-03 | Batchelor Joshua Lane | Sell | 6.4K | $1.37 |
| 2026-03-03 | Batchelor Joshua Lane | Sell | 16K | $1.37 |
| 2026-03-03 | Batchelor Joshua Lane | Sell | 24K | $1.37 |
| 2026-03-02 | Batchelor Joshua Lane | Sell | 40K | $1.25 |
| 2026-03-02 | Batchelor Joshua Lane | Sell | 10K | $1.25 |
| 2026-03-02 | Batchelor Joshua Lane | Sell | 358K | $1.25 |
| 2026-03-02 | Batchelor Joshua Lane | Sell | 27K | $1.25 |
| 2026-02-13 | Zajac Mark L. | Tax withheld | 20K | $1.00 |
| 2026-02-13 | Smith Ryan Lewis | Tax withheld | 39K | $1.00 |
| 2026-01-05 | Smith Ryan Lewis | Tax withheld | 21K | $0.99 |
| 2025-10-28 | King Duane H | Other | 1.4M | — |
| 2025-10-28 | Weinzierl John A | Other | 797K | — |
| 2025-10-28 | Weinzierl John A | Other | 1.4M | — |
| 2025-10-28 | King Duane H | Other | 332K | — |
| 2025-10-27 | Batchelor Joshua Lane | Sell | 137K | $1.25 |
| 2025-10-27 | Batchelor Joshua Lane | Sell | 15K | $1.25 |
| 2025-10-27 | Batchelor Joshua Lane | Sell | 10K | $1.25 |
| 2025-10-27 | Batchelor Joshua Lane | Sell | 5.0K | $1.25 |
| 2025-10-24 | Batchelor Joshua Lane | Sell | 16K | $1.25 |
| 2025-10-24 | Batchelor Joshua Lane | Sell | 5.3K | $1.25 |
| 2025-10-24 | Batchelor Joshua Lane | Sell | 145K | $1.25 |
| 2025-10-24 | Batchelor Joshua Lane | Sell | 11K | $1.25 |
| 2025-10-23 | Batchelor Joshua Lane | Sell | 18K | $1.26 |
| 2025-10-23 | Batchelor Joshua Lane | Sell | 12K | $1.26 |
| 2025-10-23 | Batchelor Joshua Lane | Sell | 159K | $1.26 |
| 2025-10-23 | Batchelor Joshua Lane | Sell | 4.7K | $1.26 |
| 2025-09-12 | Smith Ryan Lewis | Buy | 4.0K | $1.14 |
| 2025-08-13 | Smith Ryan Lewis | Buy | 2.0K | $1.17 |
| 2025-06-23 | Batchelor Joshua Lane | Sell | 105K | $2.02 |
| 2025-06-23 | Batchelor Joshua Lane | Sell | 24K | $2.02 |
| 2025-06-23 | Batchelor Joshua Lane | Sell | 886K | $2.02 |
| 2025-06-23 | Batchelor Joshua Lane | Sell | 76K | $2.02 |
| 2025-06-20 | Batchelor Joshua Lane | Sell | 1.4K | $1.80 |
| 2025-06-20 | Batchelor Joshua Lane | Sell | 48K | $1.80 |
| 2025-06-20 | Batchelor Joshua Lane | Sell | 3.7K | $1.80 |
| 2025-06-20 | Batchelor Joshua Lane | Sell | 5.3K | $1.80 |
| 2025-06-18 | Batchelor Joshua Lane | Sell | 13K | $2.05 |
| 2025-06-18 | Batchelor Joshua Lane | Sell | 455K | $2.05 |
| 2025-06-18 | Batchelor Joshua Lane | Sell | 35K | $2.05 |
| 2025-06-18 | Batchelor Joshua Lane | Sell | 51K | $2.05 |
| 2025-06-17 | Keys Randall D | Sell | 45K | $2.31 |
| 2025-06-03 | Smith Ryan Lewis | Buy | 2.5K | $1.30 |
| 2025-06-01 | Zajac Mark L. | Tax withheld | 18K | $1.22 |
| 2025-05-29 | Smith Ryan Lewis | Buy | 2.0K | $1.31 |
| 2025-05-20 | Smith Ryan Lewis | Buy | 2.5K | $1.19 |
| 2025-05-13 | Smith Ryan Lewis | Buy | 2.0K | $1.09 |
| 2025-05-12 | Smith Ryan Lewis | Buy | 1.0K | $1.09 |
| 2025-03-27 | Smith Ryan Lewis | Buy | 500 | $1.26 |
| 2025-03-26 | Smith Ryan Lewis | Buy | 500 | $1.30 |
| 2025-03-19 | Zajac Mark L. | Tax withheld | 22K | $1.47 |
| 2025-03-19 | Smith Ryan Lewis | Tax withheld | 77K | $1.47 |
| 2025-03-14 | Smith Ryan Lewis | Buy | 500 | $1.29 |
| 2025-03-13 | Smith Ryan Lewis | Buy | 500 | $1.34 |
| 2025-02-27 | Smith Ryan Lewis | Buy | 500 | $1.63 |
| 2025-02-26 | Smith Ryan Lewis | Buy | 500 | $1.67 |
| 2025-02-25 | Smith Ryan Lewis | Buy | 500 | $1.71 |
| 2025-02-24 | Smith Ryan Lewis | Buy | 500 | $1.84 |
| 2025-02-21 | Smith Ryan Lewis | Buy | 500 | $1.98 |
| 2025-02-20 | Smith Ryan Lewis | Buy | 500 | $2.06 |
| 2025-02-19 | Smith Ryan Lewis | Buy | 500 | $2.10 |
| 2025-02-18 | Smith Ryan Lewis | Buy | 500 | $2.03 |
| 2025-02-14 | DENNY JAMES W III | Grant | 40K | — |
| 2025-02-14 | Smith Ryan Lewis | Buy | 1.0K | $2.03 |
| 2025-02-14 | Zajac Mark L. | Grant | 100K | — |
| 2025-02-14 | Smith Ryan Lewis | Grant | 400K | — |
| 2025-02-14 | Slack Stephen | Grant | 40K | — |
| 2025-02-14 | Keys Randall D | Grant | 40K | — |
| 2025-02-14 | King Duane H | Grant | 40K | — |
| 2025-02-14 | Weinzierl John A | Grant | 80K | — |
| 2025-02-12 | Smith Ryan Lewis | Buy | 500 | $1.98 |
| 2025-02-11 | Smith Ryan Lewis | Buy | 500 | $2.05 |
| 2025-02-05 | Smith Ryan Lewis | Buy | 500 | $2.31 |
| 2025-02-04 | Smith Ryan Lewis | Buy | 500 | $2.37 |
| 2025-01-31 | Smith Ryan Lewis | Buy | 500 | $2.23 |
| 2025-01-30 | Smith Ryan Lewis | Buy | 500 | $2.22 |
| 2025-01-28 | Smith Ryan Lewis | Buy | 500 | $2.38 |
| 2025-01-27 | Smith Ryan Lewis | Buy | 500 | $2.31 |
| 2025-01-17 | Smith Ryan Lewis | Tax withheld | 42K | $2.31 |
| 2025-01-17 | Smith Ryan Lewis | Buy | 500 | $2.31 |
| 2025-01-16 | Smith Ryan Lewis | Buy | 500 | $2.22 |
| 2025-01-15 | Smith Ryan Lewis | Buy | 500 | $2.17 |
| 2025-01-13 | Smith Ryan Lewis | Buy | 500 | $2.25 |
| 2025-01-10 | Smith Ryan Lewis | Buy | 500 | $1.93 |
| 2025-01-09 | Weinzierl John A | Grant | 1.4M | — |
| 2025-01-09 | King Duane H | Grant | 1.4M | — |
| 2025-01-03 | Smith Ryan Lewis | Tax withheld | 20K | $1.65 |
| 2024-12-31 | Smith Ryan Lewis | Buy | 500 | $1.61 |
| 2024-12-30 | Smith Ryan Lewis | Buy | 500 | $1.62 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-04 | 5.03Reg FDOtherExhibits | filing ↗ |
| 2026-05-15 | Exec/director changeShareholder vote | filing ↗ |
| 2026-05-08 | Exec/director changeShareholder vote | filing ↗ |
| 2026-05-07 | ResultsExhibits | filing ↗ |
| 2026-04-27 | Material agreementReg FDOtherExhibits | filing ↗ |
| 2026-04-20 | Material agreementDebt obligationReg FDOtherExhibits | filing ↗ |
| 2026-03-18 | Reg FDOtherExhibits | filing ↗ |
| 2026-03-13 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-04 | 2026-06-03 | 0001437749-26-019474 ↗ |
| 8-K/A | 2026-05-15 | 2026-05-08 | 0001437749-26-017381 ↗ |
| 8-K | 2026-05-08 | 2026-05-08 | 0001437749-26-015898 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001437749-26-015351 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001437749-26-015350 ↗ |
| 8-K | 2026-04-27 | 2026-04-24 | 0001437749-26-013368 ↗ |
| 8-K | 2026-04-20 | 2026-04-17 | 0001437749-26-012760 ↗ |
| 8-K | 2026-03-18 | 2026-03-18 | 0001437749-26-008731 ↗ |
| 10-K | 2026-03-13 | 2025-12-31 | 0001437749-26-008057 ↗ |
| 8-K | 2026-03-13 | 2026-03-13 | 0001437749-26-008058 ↗ |
| 8-K | 2026-03-10 | 2026-03-09 | 0001437749-26-007541 ↗ |
| 8-K | 2026-03-04 | 2026-03-02 | 0001437749-26-006793 ↗ |