CEA Industries Inc. Warrant (BNCWW) Financials
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 BNCWW SEC filings page.
CEA Industries Inc. Warrant (BNCWW) 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).
Financing-led balance-sheet expansion sits alongside weak cash conversion and sharply uneven operating economics.
FY2026 shows nearly break-even net income of$100K alongside operating cash flow of-$26.6M ; accounting earnings did not translate into cash. Financing cash flow of$405.8M largely offset investing cash flow of-$387.7M , indicating that the period’s balance-sheet transformation was funded through financing activity rather than internal cash generation.
At FY2026, total assets were
The current ratio fell from 9.8x in FY2024 to 1.2x in FY2026, so the previously large short-term cushion narrowed as the balance sheet changed. Total liabilities of
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 Inc. Warrant'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 Inc. Warrant 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 Inc. Warrant scores 6/100 among other emerging companies.
CEA Industries Inc. Warrant 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 Inc. Warrant scores 9/100 among other emerging companies.
Not available for CEA Industries Inc. Warrant, and counted as zero in the overall score.
CEA Industries Inc. Warrant 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 Inc. Warrant scores 85/100 among other emerging companies.
CEA Industries Inc. Warrant'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 Inc. Warrant scores 6/100 among other emerging companies.
CEA Industries Inc. Warrant'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 Inc. Warrant scores 16/100 among other emerging companies.
CEA Industries Inc. Warrant 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 Inc. Warrant 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 Inc. Warrant 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 Inc. Warrant'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 Inc. Warrant 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 Inc. Warrant 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 Inc. Warrant 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 Inc. Warrant'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 Inc. Warrant'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 Inc. Warrant 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 Inc. Warrant 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.
BNCWW 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.
BNCWW 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% |
BNCWW 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.
BNCWW 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 Inc. Warrant BNCWW | FY2026 | $26.4M | $100K | 0.4% | N/A | 20/100 |
| Huachen AI Parking Management Technology Holding Co., Ltd. HCAI | FY2025 | $6.6M | -$42.2M | N/A | $18.3M | 22/100 |
| Xos, Inc. XOS | FY2025 | $46.0M | -$25 | 0.0% | $38.5M | 54/100 |
| Arts-Way Manufacturing Co Inc ARTW | FY2025 | $23.0M | $1.0M | 4.5% | $15.7M | 36/100 |
| Hydrofarm Holdings Group, Inc. HYFM | FY2025 | $134.3M | -$289.8M | N/A | $4.7M | 23/100 |
Where CEA Industries Inc. Warrant Ranks
Frequently Asked Questions
What is CEA Industries Inc. Warrant's annual revenue?
CEA Industries Inc. Warrant (BNCWW) 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 Inc. Warrant profitable?
Yes, CEA Industries Inc. Warrant (BNCWW) reported a net income of $100K in fiscal year 2026, with a net profit margin of 0.4%.
What is CEA Industries Inc. Warrant's EBITDA?
CEA Industries Inc. Warrant (BNCWW) had EBITDA of -$158.7M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does CEA Industries Inc. Warrant have?
As of fiscal year 2026, CEA Industries Inc. Warrant (BNCWW) had $3.1M in cash and equivalents against $1.8M in long-term debt.
What is CEA Industries Inc. Warrant's gross margin?
CEA Industries Inc. Warrant (BNCWW) 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 Inc. Warrant's net profit margin?
CEA Industries Inc. Warrant (BNCWW) 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 Inc. Warrant's return on equity (ROE)?
CEA Industries Inc. Warrant (BNCWW) 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 Inc. Warrant's free cash flow?
CEA Industries Inc. Warrant (BNCWW) 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 Inc. Warrant's operating cash flow?
CEA Industries Inc. Warrant (BNCWW) 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 Inc. Warrant's total assets?
CEA Industries Inc. Warrant (BNCWW) had $337.8M in total assets as of fiscal year 2026, including both current and long-term assets.
What are CEA Industries Inc. Warrant's capital expenditures?
CEA Industries Inc. Warrant (BNCWW) invested $9K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is CEA Industries Inc. Warrant's current ratio?
CEA Industries Inc. Warrant (BNCWW) had a current ratio of 1.18 as of fiscal year 2026, which is considered adequate.
What is CEA Industries Inc. Warrant's debt-to-equity ratio?
CEA Industries Inc. Warrant (BNCWW) 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 Inc. Warrant's return on assets (ROA)?
CEA Industries Inc. Warrant (BNCWW) 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 Inc. Warrant's Piotroski F-Score?
CEA Industries Inc. Warrant (BNCWW) 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 Inc. Warrant's earnings high quality?
CEA Industries Inc. Warrant (BNCWW) 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 Inc. Warrant?
CEA Industries Inc. Warrant (BNCWW) 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.