CEA Industries Inc. Common Stock (BNC) financials
NASDAQ · Industrials · Industrial - Machinery · 164 employees · CEO David J. Namdar
- Price
- $4.95 -8.50%
- Market cap
- $212M
- Enterprise value
- $224M
- Last report
- Q2 '26 filed 2026-09-11
- Next report
- 2026-12-11
Revenue (TTM)$157M– vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)56,835.6%– vs a year agoOperating income $89.5B
Net income (TTM)$281M– vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$269M– vs a year agoCapex $125K
Diluted EPS (TTM)$5.66– vs a year agoSum of the last 4 quarters
Net cash-$11.4M-155.2% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $212M EV $224M
- Revenue
- $157M Trailing 12 months
- Revenue growth
- – Next fiscal year
- Profit margin
- 178.4% Net income / revenue, TTM
- P/E
- 0.9×
- P/S
- 1.3× Price / sales, TTM
- EV / EBITDA
- 1.1× TTM
- Free cash flow
- $269M Trailing 12 months
- Net income
- $281M Trailing 12 months
- Revenue estimate
- – Next fiscal year
- Earnings
- 2026-12-11 Revenue est. $9.3M
- Dividend
- – No dividend
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- 70.4% of pre-tax profit is non-operatingPre-tax income $302B vs operating income $89.5B (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.
- Capex 0.1% of revenue$125K invested in the last 4 quarters (– on a year earlier). Free cash flow $269M = 95.9% of net income.
- Returned $17.2M to shareholders = 6.4% of free cash flowBuybacks $17.2M (a year earlier –), dividends $0, stock-based pay $54K (TTM).
- Diluted share count up 6,495.9% in a year52.9M diluted shares in Q2 '26, 802K a year earlier.
- Net debt $11.4MCash + short-term investments $7.08M, debt incl. leases $18.5M; a year ago net debt $4.48M.
Last quarter: Q2 '26
Quarter ended 2026-07-31. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q2 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $7.17M | $7.51M | -4.6% |
| Gross margin | 25.2% | 30.6% | -5.4 pp |
| Operating income | -$5.94M | -$5.62M | -5.6% |
| Operating margin | -82.9% | -74.9% | -8.0 pp |
| Net income | -$11.4M | -$5.83M | -95.6% |
| Diluted EPS | -$0.22 | -$7.27 | +97.0% |
| Operating cash flow | -$6.48M | -$1.99K | -326,096.5% |
| Capex | $123K | $10.6M | -98.8% |
| Free cash flow | -$6.6M | -$12.6M | +47.7% |
| R&D | $0 | $0 | – |
| Stock-based compensation | $67K | $0 | – |
Reported vs consensus
2026-09-11| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $7.17M | $9.3M | -23.0% |
From the report of 2026-09-11 for Q2 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q2 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Equipment and Systems Sales | $65K | -39.2% | 100.0% | – | – | |
| Equipment And Systems Sales | – | – | – | – | – | |
| Engineering And Other Services | – | – | – | – | – | |
| Other Sales | – | – | – | – | – |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $269M
- Capex
- -$125K
- Buybacks
- -$17.2M
- Dividends
- $0
- Acquisitions
- -$245K
- Net debt issued
- $11M
- Stock-based compensation
- $54K
- Free cash flow
- $269M
- Returned to shareholders / FCF
- 6.4%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 0.9× | 2.6× 1 of 5 years | 2.6× – 2.6× |
| EV / EBITDA | 1.1× | 2.1× 3 of 5 years | 1.0× – 2.7× |
| EV / Sales | 1.4× | 1.2× 2 of 5 years | 0.4× – 2.0× |
| Price / FCF | 0.8× | 1.0× 1 of 5 years | 1.0× – 1.0× |
| Price / Book | 0.9× | 4.3× | 0.4× – 19.5× |
| FCF yield | 126.8% | -37.9% | -138.8% – 96.9% |
| Return on invested capital | 27,918.6% | 3,859.2% | -202.8% – 19,592.6% |
| Return on equity | 77.8% | -78.3% | -343.5% – 46.6% |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 256 figures BNB Standard Corp. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| $2.21M | – | – | $2.37M | – | – | |
| $17M2026-04-30 | – | – | $17M | – | – | |
| $303M2026-04-30 | – | – | $303M | – | – | |
| -$15.3M | – | – | – | – | – | |
| $250M2025-09-30 | – | – | $250M2025-09-30 | – | – | |
| Accounts Payable and Accrued Liabilities, Current | $4.44M | $2.99M | +48.4% | $5.29M | – | – |
| Accounts Payable, Current | $1.5M | $1.1M | +36.1% | $5.3M | $700K | +657.1% |
| Accounts Receivable, Allowance for Credit Loss | $200K | $86K | +132.6% | $0 | – | – |
| Accrued Liabilities, Current | $1.7M | – | – | $1.4M2025-04-30 | – | – |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $600K | $852K | -29.6% | $115K2024-12-31 | $252K | -54.5% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$156K | -$46.9K | -232.9% | $59K | – | – |
| Additional Paid in Capital | $228M | $54.6M | +316.8% | $231M | – | – |
| Adjustments to Additional Paid in Capital, Other | – | – | – | $390K2019-12-31 | – | – |
| Amortization of Debt Discount (Premium) | $02026-01-31 | $0 | – | $63.2K2017-12-31 | $1.53M | -95.9% |
| Amortization of Intangible Assets | $100K | – | – | $02024-12-31 | $0 | – |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 51.1M | – | – | 644K2024-12-31 | 665K | -3.2% |
| APIC, Share-based Payment Arrangement, Option, Increase for Cost Recognition | – | – | – | -$5.52K2024-12-31 | $176K | -103.1% |
| APIC, Share-based Payment Arrangement, Restricted Stock Unit, Increase for Cost Recognition | – | – | – | $88K2024-12-31 | $101K | -13.2% |
| Assets | $327M | $19.1M | +1,610.3% | $338M | $9.04M | +3,635.6% |
| Assets, Current | $14.8M | $7.3M | +103.3% | $10.2M | – | – |
| Assets, Noncurrent | $312M | $11.8M | +2,539.7% | $328M | – | – |
| Business Combination, Acquisition Related Costs | $0 | – | – | – | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities | $1.4M2026-04-30 | – | – | $1.4M | – | – |
| Cash and Cash Equivalents, at Carrying Value | $7.08M | $410M | -98.3% | $3.06M | $2.15M | +42.4% |
| Cash and Cash Equivalents, Fair Value Disclosure | $7.08M | – | – | $3.06M | $2.15M | +42.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $7.08M | $3.02M | +134.6% | $3.06M | $2.15M | +42.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | $4.09M | – | – | – | – | – |
| Cash, FDIC Insured Amount | $100K2026-01-31 | – | – | $250K2024-12-31 | $250K | 0.0% |
| Cash, Uninsured Amount | $10M2026-01-31 | – | – | $9.2M2024-12-31 | $12.3M | -24.9% |
| Class of Warrant or Right, Exercise Price of Warrants or Rights | $2.222026-01-31 | – | – | $60.082024-12-31 | $61.72 | -2.7% |
| Class of Warrant or Right, Number of Securities Called by Each Warrant or Right | 1 | – | – | 1 | – | – |
| Common Stock, Capital Shares Reserved for Future Issuance | 653K | – | – | 647K | – | – |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | – | – |
| Common Stock, Shares Authorized | 200M | 200M | 0.0% | 200M | – | – |
| Common Stock, Shares, Issued | 41.2M | 860K | +4,685.1% | 42.6M | – | – |
| Common Stock, Shares, Outstanding | 41.2M | 860K | +4,685.1% | 42.6M | 1,410 | +3,021,741.3% |
| Common Stock, Value, Issued | $0 | $9 | -100.0% | $0 | – | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$11.6M | – | – | -$3.27M2016-12-31 | -$5.3M | +38.2% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | $233K2026-01-31 | – | – | $234K2024-12-31 | $224K | +4.4% |
| Contract with Customer, Asset, Allowance for Credit Loss, Current | $1K2025-07-31 | – | – | – | – | – |
| Contract with Customer, Liability, Current | $501K2026-01-31 | – | – | $344K2024-12-31 | $500K | -31.2% |
| Contractual Obligation | $1.52M2026-04-30 | – | – | $1.52M | – | – |
| Contractual Obligation, to be Paid, Year One | $759K2026-04-30 | – | – | $759K | – | – |
| Contractual Obligation, to be Paid, Year Two | $758K2026-04-30 | – | – | $758K | – | – |
| Convertible Notes Payable, Current | $695K2026-01-31 | – | – | $761K2016-12-31 | $1.23M | -38.0% |
| Convertible Notes Payable, Noncurrent | $750K2026-01-31 | – | – | $524K2015-12-31 | $489K | +7.2% |
| Cost of Revenue | $5.2M | – | – | $3.02M2024-12-31 | $6.37M | -52.5% |
| Cost, Depreciation and Amortization | $100K | – | – | $800K | – | – |
| Cost, Overhead | $800K | $400K | +100.0% | $400K | $618K | -35.3% |
| CryptoAssetCost | $450M | $66.3M | +579.0% | $450M | – | – |
| CryptoAssetFairValue | $305M | – | – | $320M | – | – |
| CryptoAssetFairValueNoncurrent | $302M | – | – | $317M | – | – |
| CryptoAssetNumberOfUnits | 2,547,787 Integer2026-01-31 | – | – | – | – | – |
| CryptoAssetNumberOfUnits | 1,035,091 token | – | – | 825,954 token | – | – |
| Debt Instrument, Collateral Amount | $25.9M | – | – | $0 | – | – |
| Debt Instrument, Face Amount | $16.8M | – | – | $1.89M | – | – |
| Debt Instrument, Unamortized Discount | $26.3K2025-10-31 | – | – | – | – | – |
| Debt Issuance Costs, Net | $3.97M2025-10-31 | – | – | -$8.02K2015-12-31 | $489K | -101.6% |
| Deferred Income Tax Liabilities, Net | $1.26M2026-01-31 | – | – | – | – | – |
| Deferred Tax Assets, Gross | $13.4M2026-04-30 | $665K | +1,910.7% | $13.4M | $665K | +1,910.7% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-31, 10-K 2026-04-30, 10-Q 2026-01-31, 10-Q 2025-10-31, 10-Q 2025-07-31, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02