CEA Industries (BNC) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for FY2026, filed Jun 23, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BNC SEC filings page.
CEA Industries (BNC) reported $26.4M in revenue for fiscal year 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Equity-funded asset expansion now coexists with thin liquidity and continuing operating cash consumption.
FY2026’s near-breakeven net income of$100K coexists with a-$159.6M operating loss, so the reported bottom line does not describe core operating performance. Operating cash flow was-$26.6M , confirming that earnings and cash conversion diverged rather than reinforcing each other.
With assets of
Gross margin improved from
Financial Health Signals
Scored against emerging companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of CEA Industries's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
CEA Industries held $3.1M in cash, cash equivalents and investments at the end of fiscal year 2026, and its operations used $26.6M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and CEA Industries scores 6/100 among other emerging companies.
CEA Industries had 41M shares outstanding at the end of fiscal year 2026. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and CEA Industries scores 9/100 among other emerging companies.
Not available for CEA Industries, and counted as zero in the overall score.
CEA Industries reported revenue of $26.4M in fiscal year 2026, against $2.8M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and CEA Industries scores 85/100 among other emerging companies.
CEA Industries's operations used $26.6M of cash in fiscal year 2026, against $3.1M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and CEA Industries scores 6/100 among other emerging companies.
CEA Industries's cash, cash equivalents and investments came to $3.1M at the end of fiscal year 2026, against $33.1M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and CEA Industries scores 16/100 among other emerging companies.
CEA Industries scores 2.75, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($216.2M) relative to total liabilities ($33.1M). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
CEA Industries passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
CEA Industries reported $100K of net income while operations used $26.6M of cash. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.
Key Financial Metrics
Earnings & Revenue
CEA Industries generated $7.3M in revenue in Q4 2026. This represents an increase of 930.1% from the same quarter a year earlier. Against the prior quarter it is up 0.2%.
CEA Industries's EBITDA was -$78.9M in Q4 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 7259.7% from the same quarter a year earlier. Against the prior quarter it is up 51.9%.
CEA Industries reported -$171.1M in net income in Q4 2026. This represents a decrease of 15914.0% from the same quarter a year earlier. Against the prior quarter it is down 60.6%.
Not reported for Q4 2026.
Cash & Balance Sheet
CEA Industries generated $5.5M in free cash flow in Q4 2026, representing cash available after capex. Against the prior quarter it is up 168.6%.
CEA Industries held $3.1M in cash against $1.8M in long-term debt as of Q4 2026.
Not reported for Q4 2026.
Margins & Returns
CEA Industries's gross margin was 35.9% in Q4 2026, indicating the percentage of revenue retained after direct costs. This is up 30.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.9 percentage points.
CEA Industries's ROE was -56.1% in Q4 2026, measuring profit generated per dollar of shareholder equity. This is down 43.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 26.9 percentage points.
Not shown for Q4 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q4 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
CEA Industries spent $4.2M on share buybacks in Q4 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 52.4%.
CEA Industries invested $437 in capex in Q4 2026, funding long-term assets and infrastructure. Against the prior quarter it is up 255.3%.
Not reported for Q4 2026.
BNC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.3M+930.1% | $7.3M+6.2% | $7.1M+1727.8% | $4.6M+160.1% | $713K+204.2% | $6.9M+2651.5% | $391K-57.2% | $1.8M+65.5% |
| Cost of Revenue | $4.7M+598.2% | $5.6M+8.2% | $5.1M+995.6% | $3.2M+102.9% | $674K+73.4% | $5.1M+858.6% | $461K-54.7% | $1.6M+60.5% |
| Gross Profit | $2.6M+6624.5% | $1.8M+0.1% | $2.1M+3083.8% | $1.4M+663.4% | $39K+125.4% | $1.8M+716.4% | -$70K+32.6% | $180K+128.5% |
| SG&A Expenses | -$9.0M-909.6% | $6.0M | $21.7M+3104.8% | $6.9M+962.8% | $1.1M+46.1% | N/A | $676K-0.8% | $653K-12.9% |
| Operating Income | -$79.4M-7296.0% | -$164.3M | $89.8M+12127.4% | -$5.6M-1082.1% | -$1.1M-16.2% | N/A | -$747K+7.5% | -$477K+32.3% |
| EBITDA | -$78.9M-7259.7% | -$164.2M | $90.0M+12225.4% | -$5.5M-1112.8% | -$1.1M-17.0% | N/A | -$742K+7.2% | -$457K+34.4% |
| Interest Expense | N/A | $158K | $287K+4472.8% | $4.0M0.0% | $5K-27.0% | N/A | $6K-22.1% | $4.0M+44448.4% |
| Income Tax | -$81K-159.3% | -$18.4M | $18.2M | -$60K | $137K | N/A | N/A | N/A |
| Net Income | -$171.1M-15914.0% | -$106.6M | $283.6M+38409.2% | -$5.8M-1143.5% | -$1.1M-16.6% | N/A | -$740K+7.3% | -$470K+32.2% |
| EPS (Basic) | N/A | -$1.92 | $5.18+651.1% | -$6.94-951.5% | -$1.33+0.7% | N/A | -$0.94+21.0% | -$0.66+35.9% |
| EPS (Diluted) | N/A | -$1.92 | $5.15 | -$6.94 | -$1.33+0.7% | N/A | -$0.94 | -$0.66 |
| Diluted Shares (Avg) | N/A | 56M | 55M | 842,852 | 802,229+17.2% | N/A | 791,580 | 711,530 |
Not reported in any period shown, so not listed: R&D Expenses.
BNC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $337.8M+3480.4% | $436.8M+4115.2% | $616.5M+5338.0% | $9.2M-26.8% | $9.4M-25.6% | $10.4M-24.8% | $11.3M-22.9% | $12.6M-21.0% |
| Current Assets | $10.2M+11.2% | $22.5M+122.5% | $58.1M+426.4% | $7.3M-40.3% | $9.2M-25.3% | $10.1M-24.4% | $11.0M-22.6% | $12.2M-20.7% |
| Cash & Equivalents | $3.1M-64.8% | $11.3M+19.8% | $32.5M+216.0% | $3.0M-73.3% | $8.7M-24.9% | $9.5M-24.4% | $10.3M-22.8% | $11.3M-20.2% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $4.0M+19818.2% | $3.9M+14776.7% | $3.5M+14034.3% | $3.4M+14157.6% | $20K-91.8% | $26K-91.2% | $25K-92.2% | $24K-94.0% |
| Accounts Receivable | N/A | N/A | N/A | N/A | $57K+182.4% | $13K-30.1% | $71K-73.9% | $32K-89.1% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $3.5M | $4.2M | $4.0M | $0 | N/A | N/A | N/A | N/A |
| Total Liabilities | $33.1M+2591.2% | $71.9M+6075.7% | $131.6M+11513.7% | $1.4M-14.2% | $1.2M-2.4% | $1.2M-23.0% | $1.1M-22.5% | $1.6M-13.8% |
| Current Liabilities | $8.6M+666.6% | $8.6M+732.0% | $11.2M+1064.0% | N/A | $1.1M+9.4% | $1.0M-17.7% | $966K-17.5% | $1.4M-8.8% |
| Non-Current Liabilities | $24.4M+24009.2% | $63.3M+47102.6% | $120.3M+72089.1% | N/A | $101K-55.7% | $134K-48.3% | $167K-42.5% | $198K-38.0% |
| Long-Term Debt | $1.8M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $304.8M+3613.5% | $364.9M+3867.1% | $484.9M+4652.2% | $7.8M-28.6% | $8.2M-28.1% | $9.2M-25.0% | $10.2M-22.9% | $10.9M-22.0% |
| Retained Earnings | $73.4M+277.4% | $129.4M+420.9% | $236.0M+700.2% | -$47.7M-23.5% | -$41.4M-8.7% | -$40.3M-8.5% | -$39.3M-8.6% | -$38.6M-9.0% |
BNC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.5M+835.8% | -$8.0M-848.9% | -$22.4M-2073.2% | -$1.7M-531.0% | -$745K+18.0% | -$842K-0.9% | -$1.0M-20.5% | -$273K+84.4% |
| Depreciation & Amortization | $473K+41689.1% | $140K+3640.4% | $161K+3313.8% | $96K+381.3% | $1K-83.6% | $4K-47.9% | $5K-37.1% | $20K+167.7% |
| Stock-Based Compensation | N/A | N/A | N/A | $4.7M+62424.8% | $78K+1.5% | N/A | N/A | -$7K-149.4% |
| Capital Expenditures | -$437 | $123 | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | $5.5M | -$8.0M | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$202.0M | -$423K | -$174.6M | -$10.6M | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $188.2M | -$12.7M | $226.5M | $3.9M | N/A | N/A | N/A | N/A |
| Share Buybacks | $4.2M | $8.8M | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
BNC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.9%+30.4pp | 24.0%-1.5pp | 29.3%+47.3pp | 30.0%+19.8pp | 5.5%+71.3pp | 25.5% | -17.9%-6.6pp | 10.2%+2.8pp |
| Operating Margin | -1080.7% | -2240.2% | 1257.2% | -123.2% | -150.5% | N/A | -191.1% | -27.1%+39.1pp |
| Net Margin | -2328.5% | -1453.0% | 3970.6% | -127.7% | -149.8% | N/A | -189.5% | -26.7%+38.5pp |
| Return on Equity | -56.1%-43.1pp | -29.2% | 58.5%+65.8pp | -74.9%-70.6pp | -13.0%-5.0pp | N/A | -7.3%-1.2pp | -4.3%+0.7pp |
| Return on Assets | -50.6%-39.3pp | -24.4% | 46.0%+52.5pp | -63.6%-59.9pp | -11.3%-4.1pp | N/A | -6.5%-1.1pp | -3.8%+0.6pp |
| Current Ratio | 1.18-7.0x | 2.62-7.2x | 5.17-6.3x | N/A | 8.16-3.8x | 9.80-0.9x | 11.42-0.7x | 8.66-1.3x |
| Debt-to-Equity | 0.01-0.1x | 0.20+0.1x | 0.27+0.2x | 0.180.0x | 0.150.0x | 0.130.0x | 0.110.0x | 0.150.0x |
| Asset Turnover | 0.02-0.1x | 0.02-0.6x | 0.010.0x | 0.50+0.4x | 0.08+0.1x | 0.67+0.6x | 0.030.0x | 0.14+0.1x |
| FCF Margin | 74.6% | -109.0% | N/A | N/A | N/A | N/A | N/A | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| CEA Industries BNC | FY2026 | $26.4M | $100K | 0.4% | $216.2M | 20/100 |
| Hyster-Yale HY | FY2025 | $3.8B | -$60.1M | -1.6% | $641.0M | 30/100 |
| Titan Intl TWI | FY2025 | $1.8B | -$61.2M | -3.4% | $537.6M | 39/100 |
| Wabash Natl Corp WNC | FY2025 | $1.5B | $211.5M | 13.7% | $582.9M | 37/100 |
| Aebi Schmidt Hldg Ag AEBI | FY2025 | $1.5B | $9.7M | 0.6% | $1.0B | 51/100 |
| Astec Inds Inc ASTE | FY2025 | $1.4B | $38.8M | 2.8% | $1.0B | 44/100 |
Where CEA Industries Ranks
Frequently Asked Questions
What is CEA Industries's annual revenue?
CEA Industries (BNC) reported $26.4M in total revenue for fiscal year 2026. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is CEA Industries profitable?
Yes, CEA Industries (BNC) reported a net income of $100K in fiscal year 2026, with a net profit margin of 0.4%.
What is CEA Industries's EBITDA?
CEA Industries (BNC) had EBITDA of -$158.7M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does CEA Industries have?
As of fiscal year 2026, CEA Industries (BNC) had $3.1M in cash and equivalents against $1.8M in long-term debt.
What is CEA Industries's gross margin?
CEA Industries (BNC) had a gross margin of 29.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is CEA Industries's net profit margin?
CEA Industries (BNC) had a net profit margin of 0.4% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is CEA Industries's return on equity (ROE)?
CEA Industries (BNC) has a return on equity of 0.0% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is CEA Industries's free cash flow?
CEA Industries (BNC) recorded an outflow of $26.6M in free cash flow during fiscal year 2026. 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 CEA Industries's operating cash flow?
CEA Industries (BNC) recorded an outflow of $26.6M in operating cash flow during fiscal year 2026, representing cash used by core business activities.
What are CEA Industries's total assets?
CEA Industries (BNC) had $337.8M in total assets as of fiscal year 2026, including both current and long-term assets.
What are CEA Industries's capital expenditures?
CEA Industries (BNC) invested $9K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is CEA Industries's current ratio?
CEA Industries (BNC) had a current ratio of 1.18 as of fiscal year 2026, which is considered adequate.
What is CEA Industries's debt-to-equity ratio?
CEA Industries (BNC) had a debt-to-equity ratio of 0.01 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is CEA Industries's return on assets (ROA)?
CEA Industries (BNC) had a return on assets of 0.0% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is CEA Industries's P/E ratio?
CEA Industries (BNC) has no price-to-earnings ratio at the moment: outside the range published as a multiple (on $100K net income, FY2026). The market capitalization is $216.2M as of Sep 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is CEA Industries's price-to-sales ratio?
CEA Industries (BNC) trades at 8.2x sales, its market capitalization divided by revenue of $26.4M revenue, FY2026. The market capitalization is $216.2M as of Sep 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does CEA Industries's liquidity compare with its operating cash outflow?
At the end of fiscal year 2026, CEA Industries (BNC) held $3.1M in cash, cash equivalents and investments, and reported an operating cash outflow of $26.6M over that year. Dividing the one by the other, the reported balance equals about 1 month of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is CEA Industries's Altman Z-Score?
CEA Industries (BNC) has an Altman Z-Score of 2.75, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is CEA Industries's Piotroski F-Score?
CEA Industries (BNC) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are CEA Industries's earnings high quality?
CEA Industries (BNC) reported $100K of net income while operations used $26.6M of cash. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. 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.
How financially healthy is CEA Industries?
CEA Industries (BNC) scores 20 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.