BNB Plus Corp Financials
This page shows BNB Plus Corp (BNBX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
BNB Plus Corp has an operating margin of -750.9%, meaning the company retains $-751 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -646.7% the prior year.
BNB Plus Corp's revenue grew a modest 1.1% year-over-year to $2.1M. This slow but positive growth earns a score of 32/100.
BNB Plus Corp carries a low D/E ratio of 1.08, meaning only $1.08 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 71/100, indicating a strong balance sheet with room for future borrowing.
BNB Plus Corp's current ratio of 0.91 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 16/100, which could limit financial flexibility.
While BNB Plus Corp generated -$12.2M in operating cash flow, capex of $313K consumed most of it, leaving -$12.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
BNB Plus Corp generates a -657.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -76.5% the prior year.
BNB Plus Corp passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, BNB Plus Corp generates $0.81 in operating cash flow (-$12.2M OCF vs -$15.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
BNB Plus Corp earns $-83.2 in operating income for every $1 of interest expense (-$16.0M vs $193K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
BNB Plus Corp generated $2.1M in revenue in fiscal year 2025. This represents an increase of 1.1% from the prior year.
BNB Plus Corp's EBITDA was -$15.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 18.3% from the prior year.
BNB Plus Corp generated -$12.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 11.1% from the prior year.
BNB Plus Corp reported -$15.2M in net income in fiscal year 2025. This represents a decrease of 116.8% from the prior year.
BNB Plus Corp earned $-134.23 per diluted share (EPS) in fiscal year 2025. This represents an increase of 90.2% from the prior year.
BNB Plus Corp held $1.7M in cash against $0 in long-term debt as of fiscal year 2025.
BNB Plus Corp had 2M shares outstanding in fiscal year 2025. This represents an increase of 11987.2% from the prior year.
BNB Plus Corp's gross margin was 39.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 6.9 percentage points from the prior year.
BNB Plus Corp's operating margin was -750.9% in fiscal year 2025, reflecting core business profitability. This is down 104.2 percentage points from the prior year.
BNB Plus Corp's net profit margin was -709.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 378.6 percentage points from the prior year.
BNB Plus Corp's ROE was -657.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 581.3 percentage points from the prior year.
BNB Plus Corp invested $6.0M in research and development in fiscal year 2025. This represents an increase of 67.4% from the prior year.
BNB Plus Corp invested $313K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 23.2% from the prior year.
BNBX Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $555K-1.8% | $565K | N/A | $304K-69.0% | $983K+13.0% | $870K | N/A | $473K |
| Cost of Revenue | $250K0.0% | $250K | N/A | $299K-51.1% | $613K+132.0% | $264K | N/A | $230K |
| Gross Profit | $315K0.0% | $315K | N/A | $5K-98.6% | $371K-38.8% | $606K | N/A | $243K |
| R&D Expenses | $459K0.0% | $459K | N/A | $769K-9.5% | $849K-16.3% | $1.0M | N/A | $913K |
| SG&A Expenses | $13.3M0.0% | $13.3M | N/A | $2.9M-1.8% | $3.0M+16.1% | $2.6M | N/A | $2.6M |
| Operating Income | $18.7M+200.0% | -$18.7M | N/A | -$3.7M-6.7% | -$3.5M-16.2% | -$3.0M | N/A | -$3.3M |
| Interest Expense | $9K0.0% | $9K | N/A | $40K-33.3% | $60K-15.5% | $71K | N/A | $36K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $18.6M+200.0% | -$18.6M | N/A | -$3.9M-19.4% | -$3.3M-25.2% | -$2.6M | N/A | $1.9M |
| EPS (Diluted) | $2.08+200.0% | $-2.08 | N/A | $-34.00-121.5% | $-15.35 | $-417.53 | N/A | $1170.48 |
BNBX Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $20.7M0.0% | $20.7M+366.4% | $4.4M-55.3% | $9.9M-23.8% | $13.0M-18.4% | $16.0M+24.9% | $12.8M-23.4% | $16.7M |
| Current Assets | $5.1M0.0% | $5.1M+128.4% | $2.2M-60.2% | $5.6M-33.2% | $8.4M-25.2% | $11.3M+40.1% | $8.0M-32.0% | $11.8M |
| Cash & Equivalents | $2.5M0.0% | $2.5M+46.9% | $1.7M-64.7% | $4.7M-30.7% | $6.8M-26.6% | $9.3M+58.8% | $5.9M-44.0% | $10.4M |
| Inventory | $90K0.0% | $90K+7.0% | $84K-75.2% | $339K-2.9% | $349K-25.5% | $469K+8.3% | $433K-7.9% | $470K |
| Accounts Receivable | $547K0.0% | $547K+130.3% | $237K+19.3% | $199K-71.1% | $690K-24.3% | $912K+177.7% | $328K-36.1% | $514K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.2M0.0% | $2.2M-10.4% | $2.5M-15.3% | $2.9M+4.8% | $2.8M-17.8% | $3.4M-10.5% | $3.8M-14.2% | $4.5M |
| Current Liabilities | $2.2M0.0% | $2.2M-10.5% | $2.5M+21.0% | $2.0M+7.5% | $1.9M-20.6% | $2.4M-0.5% | $2.4M-20.7% | $3.0M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $18.8M0.0% | $18.8M+717.3% | $2.3M-68.3% | $7.3M-30.6% | $10.5M-18.0% | $12.8M+39.5% | $9.1M-26.2% | $12.4M |
| Retained Earnings | $397.8M+200.0% | -$397.8M-4.9% | -$379.2M-1.4% | -$373.9M-5.5% | -$354.4M-8.3% | -$327.2M-5.7% | -$309.7M-1.1% | -$306.4M |
BNBX Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.5M+200.0% | -$5.5M | N/A | -$2.6M+17.4% | -$3.2M+4.2% | -$3.3M+1.8% | -$3.4M-1.0% | -$3.4M |
| Capital Expenditures | $117K | N/A | N/A | $11K-94.1% | $185K+58.6% | $117K-68.5% | $371K+1601.0% | $22K |
| Free Cash Flow | $5.4M | N/A | N/A | -$2.6M+21.6% | -$3.4M+2.1% | -$3.4M+8.4% | -$3.8M-11.3% | -$3.4M |
| Investing Cash Flow | $3.0M+200.0% | -$3.0M | N/A | N/A | -$185K-58.6% | -$117K+68.5% | -$371K-1601.0% | -$22K |
| Financing Cash Flow | $9.3M0.0% | $9.3M | N/A | $723K-19.6% | $899K-85.7% | $6.3M+1714.1% | -$391K-103.6% | $10.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
BNBX Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.8%+1.0pp | 55.8% | N/A | 1.7%-36.0pp | 37.7%-31.9pp | 69.7% | N/A | 51.3% |
| Operating Margin | 3370.3%+6679.2pp | -3308.9% | N/A | -1213.6%-861.5pp | -352.0%-9.8pp | -342.2% | N/A | -699.3% |
| Net Margin | 3349.6%+6638.2pp | -3288.6% | N/A | -1296.1%-960.1pp | -336.0%-32.7pp | -303.3% | N/A | 397.6% |
| Return on Equity | 98.7%+197.4pp | -98.7% | N/A | -54.3%-22.7pp | -31.6%-10.9pp | -20.7% | N/A | 15.2% |
| Return on Assets | 89.8%+179.7pp | -89.8% | N/A | -39.7%-14.4pp | -25.4%-8.8pp | -16.5% | N/A | 11.3% |
| Current Ratio | 2.320.0 | 2.32+1.4 | 0.91-1.9 | 2.76-1.7 | 4.45-0.3 | 4.72+1.4 | 3.36-0.6 | 3.91 |
| Debt-to-Equity | 0.120.0 | 0.12-1.0 | 1.08+0.7 | 0.41+0.1 | 0.270.0 | 0.27-0.1 | 0.42+0.1 | 0.36 |
| FCF Margin | 977.9% | N/A | N/A | -867.8%-525.1pp | -342.7%+52.9pp | -395.6% | N/A | -714.4% |
Note: The current ratio is below 1.0 (0.91), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is BNB Plus Corp's annual revenue?
BNB Plus Corp (BNBX) reported $2.1M in total revenue for fiscal year 2025. This represents a 1.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is BNB Plus Corp's revenue growing?
BNB Plus Corp (BNBX) revenue grew by 1.1% year-over-year, from $2.1M to $2.1M in fiscal year 2025.
Is BNB Plus Corp profitable?
No, BNB Plus Corp (BNBX) reported a net income of -$15.2M in fiscal year 2025, with a net profit margin of -709.5%.
What is BNB Plus Corp's earnings per share (EPS)?
BNB Plus Corp (BNBX) reported diluted earnings per share of $-134.23 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is BNB Plus Corp's EBITDA?
BNB Plus Corp (BNBX) had EBITDA of -$15.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is BNB Plus Corp's gross margin?
BNB Plus Corp (BNBX) had a gross margin of 39.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is BNB Plus Corp's operating margin?
BNB Plus Corp (BNBX) had an operating margin of -750.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is BNB Plus Corp's net profit margin?
BNB Plus Corp (BNBX) had a net profit margin of -709.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is BNB Plus Corp's return on equity (ROE)?
BNB Plus Corp (BNBX) has a return on equity of -657.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is BNB Plus Corp's free cash flow?
BNB Plus Corp (BNBX) generated -$12.6M in free cash flow during fiscal year 2025. This represents a 11.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is BNB Plus Corp's operating cash flow?
BNB Plus Corp (BNBX) generated -$12.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are BNB Plus Corp's total assets?
BNB Plus Corp (BNBX) had $4.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are BNB Plus Corp's capital expenditures?
BNB Plus Corp (BNBX) invested $313K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does BNB Plus Corp spend on research and development?
BNB Plus Corp (BNBX) invested $6.0M in research and development during fiscal year 2025.
How many shares does BNB Plus Corp have outstanding?
BNB Plus Corp (BNBX) had 2M shares outstanding as of fiscal year 2025.
What is BNB Plus Corp's current ratio?
BNB Plus Corp (BNBX) had a current ratio of 0.91 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is BNB Plus Corp's debt-to-equity ratio?
BNB Plus Corp (BNBX) had a debt-to-equity ratio of 1.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is BNB Plus Corp's return on assets (ROA)?
BNB Plus Corp (BNBX) had a return on assets of -341.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is BNB Plus Corp's cash runway?
Based on fiscal year 2025 data, BNB Plus Corp (BNBX) had $1.7M in cash against an annual operating cash burn of $12.2M. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is BNB Plus Corp's Piotroski F-Score?
BNB Plus Corp (BNBX) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are BNB Plus Corp's earnings high quality?
BNB Plus Corp (BNBX) has an earnings quality ratio of 0.81x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can BNB Plus Corp cover its interest payments?
BNB Plus Corp (BNBX) has an interest coverage ratio of -83.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is BNB Plus Corp?
BNB Plus Corp (BNBX) scores 20 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.