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BNCCEA Industries Inc. Common Stock
$2.71$144M
Overview & Verdict
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BNC logoCEA Industries Inc. Common Stock(BNC)Earnings, Financials & Key Ratios

BNC•NASDAQ
$2.71
Price updated Jul 7, 2026
SectorIndustrialsIndustryEngineering & ConstructionSub-IndustryBuilding systems and specialty trades
AboutCEA Industries Inc. is a U.S.-based company providing engineering, design, and technology solutions for the controlled environment agriculture (CEA) industry. Through its subsidiary Surna Cultivation Technologies LLC, it supplies proprietary environmental controls, HVAC, mechanical, electrical, and lighting systems primarily for indoor cannabis and specialty crop cultivation operations in North America. The company recently shifted its strategic focus to operate under the name "BNB Network Company," adopting BNB as its primary treasury reserve asset.Show more
  • Revenue$132M+4611.2%
  • EBITDA-$81M-2467.9%
  • Net Income$170M+5509.3%
  • EPS (Diluted)-5.24-24.2%
  • Gross Margin87.5%+1217.0%
  • EBITDA Margin-61.28%+45.5%
  • Operating Margin-61.48%+45.7%
  • Net Margin128.84%+214.8%
  • ROE90.98%+410.3%

BNC Price & Volume

CEA Industries Inc. Common Stock (BNC) stock price & volume — 10-year historical chart

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Speculative Treasury Pivot Obscures Core Operational Instability

Investment Thesis • Updated 2025Q4

VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Crypto-Treasury Asset Volatility

Key Thesis Takeaways

  • CEA Industries' recent financial performance is heavily distorted by a strategic pivot toward digital asset treasury holdings, which masks persistent weakness in its core engineering and construction business.
  • While the company reported a massive $283.6M net income in 2025Q3, this figure appears disconnected from operational reality, as evidenced by recurring operating losses and a lack of expense discipline.
  • Investors should remain cautious, as the firm's reliance on volatile crypto-assets for balance sheet expansion introduces significant risk that may undermine long-term shareholder value.

Verdict Logic

the company's reliance on non-operating gains is unsustainable, as evidenced by the 2025Q4 operating margin of -22.4% and the rapid depletion of cash reserves from $32.5M to $11.3M in a single quarter.

BNC Growth Metrics

CEA Industries Inc. Common Stock (BNC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years32.59%
5 Years73.04%
3 Years127.06%
TTM4611.22%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM5509.27%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-23.88%

Return on Capital

10 Years-248.06%
5 Years-76.85%
3 Years-29.13%
Last Year-37.12%

BNC Recent Earnings

CEA Industries Inc. Common Stock (BNC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 0/12 qtrs (0%)●Beat Revenue 0/12 qtrs (0%)
Q2 2026Latest
May 13, 2026
Metric
Actual
Est
EPS
$1.31
—
Rev
$7M-21.0%
$9M
Q2 2026
Mar 16, 2026
Metric
Actual
Est
EPS
$0.29-39.6%
$0.48
Rev
$7M-21.1%
$9M
Q4 2025
Dec 15, 2025
Metric
Actual
Est
EPS
$5.36
—
Rev
$117M
—
Q4 2025
Oct 1, 2025
Metric
Actual
Est
EPS
$0.66-193.0%
$0.71
Rev
$8M
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 13, 2026
$1.31
$7Mvs $9M-21.0%
Q2 2026Mar 16, 2026
$0.29vs $0.48-39.6%
$7Mvs $9M-21.1%
Q4 2025Dec 15, 2025
$5.36
$117M
Q4 2025Oct 1, 2025
$0.66vs $0.71-193.0%
$8M
Based on last 12 quarters of dataView full earnings history →

Latest BNC News

Recent stock market news and headlines for CEA Industries Inc. Common Stock (BNC)

Globe News Wire·Jun 23, 2026
YZi Labs and CEA Industries Reach Cooperation Agreement to Strengthen BNC Governance

YZi Labs to End Consent Solicitation Following Governance and Leadership Agreement Board Appoints Ella Zhang, Alex Odagiu, Matthew Rozak, bringing additional Digital Asset Industry Expertise and BNB Ecosystem Insight to Support Long-Term Stockholder Value Company to Form CEO Search Committee and Appoints YZi Labs Partner Alex Odagiu as Interim President LOUISVILLE, CO, June 23, 2026 (GLOBE NEWSWIRE) -- CEA Industries Inc.

GlobeNewsWire·Jun 23, 2026
YZi Labs and CEA Industries Reach Cooperation Agreement to Strengthen BNC Governance

YZi Labs to End Consent Solicitation Following Governance and Leadership Agreement Board Appoints Ella Zhang, Alex Odagiu, Matthew Rozak, bringing additional Digital Asset Industry Expertise and BNB Ecosystem Insight to Support Long-Term Stockholder Value Company to Form CEO Search Committee and Appoints YZi Labs Partner Alex Odagiu as Interim President LOUISVILLE, CO, June 23, 2026 (GLOBE NEWSWIRE) -- CEA Industries Inc. (Nasdaq: BNC) (“BNC” or the “Company”), a growth-oriented company focused on managing the world's largest corporate treasury of BNB, and YZILabs Management Ltd. (“YZi Labs”) today announced that they have entered into a cooperation agreement dated June 23, 2026.

Globe News Wire·Jun 23, 2026
CEA Industries Inc. Reports Full Year Fiscal 2026 Financial Results

Successfully executed strategic transformation into a leading publicly traded Digital Asset Treasury focused exclusively on the BNB ecosystem. Holds 515,544 BNB tokens with a fair value of approximately $317. 3 million as of April 30, 2026. Generated $7. 9 million in airdrop income Reports Full Year Fiscal 2026 Net Income of $115.

GlobeNewsWire·Jun 23, 2026
CEA Industries Inc. Reports Full Year Fiscal 2026 Financial Results

LOUISVILLE, Colorado, June 23, 2026 (GLOBE NEWSWIRE) -- CEA Industries Inc. (Nasdaq: BNC) (“CEA Industries” or the “Company”), a growth-oriented company focused on managing the world's largest corporate treasury of BNB, today announced its financial results for the fourth quarter and full fiscal year ended April 30, 2026.

Peers Comparison

Key metrics vs top competitors for CEA Industries Inc. Common Stock (BNC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
BNC logoBNCCEA Industries Inc. Common StockCurrent
$2.71$144.12M-0.524611.22%128.84%90.98%—
GRWG logoGRWGGrowGeneration Corp.
$1.48$88.93M-3.70-14.36%-11.91%-19.51%—
HYFM logoHYFMHydrofarm Holdings Group, Inc.
$0.88$4.19M-0.01-29.45%-237.25%-500.33%—
AEI logoAEIAlset Inc.
$1.33$51.73M-0.60-78.83%-994.75%-34.67%—
EDBL logoEDBLEdible Garden AG Incorporated
$0.09$659.91K-0.00-7.56%-131.59%-139.07%—
SMG logoSMGThe Scotts Miracle-Gro Company
$66.79$3.89B27.04-3.93%3.27%——

Compare BNC vs Peers

CEA Industries Inc. Common Stock (BNC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GRWG

Most directly comparable listed peer for BNC.

Scale Benchmark

vs SMG

Larger-name benchmark to compare BNC against a more recognizable public peer.

Peer Set

Compare Top 5

vs GRWG, HYFM, AEI, EDBL

BNC SEC Filings & Documents

CEA Industries Inc. Common Stock (BNC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 13, 2026·SEC

Material company update

May 6, 2026·SEC

Material company update

Apr 13, 2026·SEC

10-K Annual Reports

1
FY 2025

Mar 27, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Mar 16, 2026·SEC

FY 2025

Dec 15, 2025·SEC

FY 2025

Sep 22, 2025·SEC

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BNC Frequently Asked Questions

CEA Industries Inc. Common Stock (BNC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is CEA Industries Inc. Common Stock's revenue?

CEA Industries Inc. Common Stock (BNC) reported $132.1M in revenue for fiscal year 2025.

How fast is CEA Industries Inc. Common Stock growing?

CEA Industries Inc. Common Stock (BNC) grew revenue by 4611.2% over the past year. This is strong growth.

Is BNC profitable?

Yes, CEA Industries Inc. Common Stock (BNC) is profitable, generating $170.2M in net income for fiscal year 2025 (128.8% net margin).

Dividend & Returns
What is BNC's return on equity?

CEA Industries Inc. Common Stock (BNC) has a return on equity (ROE) of 91.0%. This is excellent, indicating efficient use of shareholder capital.

What is CEA Industries Inc. Common Stock's free cash flow?

CEA Industries Inc. Common Stock (BNC) generated $257.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in BNC back in 2010?

Total return calculator · dividends reinvested · 16+ years of data

See returns →