What is CEA Industries Inc's earnings per share (EPS)?

CEA Industries Inc (BNCWZ) reported diluted earnings per share of $2.52 for fiscal year 2026. This represents a 159.7% change compared to the previous fiscal year. 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.

CEA Industries Inc Financials

BNCWZ

Source SEC Filings (10-K/10-Q) Data as of Apr 30, 2026 Currency USD FYE April

This page shows CEA Industries Inc (BNCWZ) 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).

Rhea AI BNCWZ FY2024 2026-04-22

A shrinking revenue base with negative unit economics is being financed by a still-meaningful cash cushion.

Between FY2023 and FY2024, cash burn and accounting loss converged: operating cash flow improved from -$6.1M to -$3.1M. Because FY2024 net loss was also about -$3.1M, the business's weak economics are now flowing through to cash more directly instead of being distorted by temporary balance-sheet movements.

FY2024 looks worse than a simple sales slump because gross margin turned negative at -7.8% while SG&A overhead still consumed about $2.9M. That means the company was not merely failing to absorb fixed costs; its sales did not cover direct costs before overhead, which points to an uneconomic revenue mix at the current scale.

Liquidity is still strong relative to obligations, with $9.5M of cash against only $1.2M of total liabilities. But that cushion is being consumed, not replenished, since cash has fallen sharply from the FY2022 balance even as leverage stayed low and losses were funded mainly by equity rather than debt.

Financial Health Signals

Financial health score pending refresh

We are recalculating CEA Industries Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

3/8

CEA Industries Inc 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.

Earnings Quality Low Quality

-266.22x

For every $1 of reported earnings, CEA Industries Inc generates $-266.22 in operating cash flow (-$26.6M OCF vs $100K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$26.4M

YoY+841.9%

5Y CAGR+25.4%

10Y CAGR+12.9%

CEA Industries Inc generated $26.4M in revenue in fiscal year 2026. This represents an increase of 841.9% from the prior year.

EBITDA

-$158.7M

YoY-4934.8%

CEA Industries Inc's EBITDA was -$158.7M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 4934.8% from the prior year.

Net Income

$100K

YoY+103.2%

CEA Industries Inc reported $100K in net income in fiscal year 2026. This represents an increase of 103.2% from the prior year.

EPS (Diluted)

$2.52

YoY+159.7%

CEA Industries Inc earned $2.52 per diluted share (EPS) in fiscal year 2026. This represents an increase of 159.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$26.6M

CEA Industries Inc generated -$26.6M in free cash flow in fiscal year 2026, representing cash available after capex.

Cash & Debt

$3.1M

YoY-67.6%

5Y CAGR+6.0%

10Y CAGR+24.9%

CEA Industries Inc held $3.1M in cash against $1.8M in long-term debt as of fiscal year 2026.

Dividends Per Share

N/A

Shares Outstanding

41M

YoY+5102.8%

CEA Industries Inc had 41M shares outstanding in fiscal year 2026. This represents an increase of 5102.8% from the prior year.

Margins & Returns

Gross Margin

29.8%

YoY+37.6pp

5Y CAGR+11.6pp

10Y CAGR+17.8pp

CEA Industries Inc's gross margin was 29.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 37.6 percentage points from the prior year.

Operating Margin

-604.3%

YoY-491.1pp

5Y CAGR-576.5pp

10Y CAGR-564.7pp

CEA Industries Inc's operating margin was -604.3% in fiscal year 2026, reflecting core business profitability. This is down 491.1 percentage points from the prior year.

Net Margin

0.4%

YoY+111.0pp

5Y CAGR+21.0pp

10Y CAGR+67.7pp

CEA Industries Inc's net profit margin was 0.4% in fiscal year 2026, showing the share of revenue converted to profit. This is up 111.0 percentage points from the prior year.

Return on Equity

0.0%

YoY+33.7pp

CEA Industries Inc's ROE was 0.0% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 33.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$17.0M

CEA Industries Inc spent $17.0M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$9K

5Y CAGR-0.7%

10Y CAGR-17.6%

CEA Industries Inc invested $9K in capex in fiscal year 2026, funding long-term assets and infrastructure.

BNCWZ Income Statement

Metric	FY26	FY24	FY23	FY22	FY21	FY20
Revenue	$26.4M+841.9%	$2.8M-59.4%	$6.9M-38.8%	$11.3M-17.3%	$13.6M+60.2%	$8.5M
Cost of Revenue	$18.5M+513.1%	$3.0M-52.5%	$6.4M-37.2%	$10.1M-5.4%	$10.7M+53.9%	$7.0M
Gross Profit	$7.9M+3683.9%	-$220K-140.5%	$542K-52.7%	$1.1M-60.9%	$2.9M+88.4%	$1.6M
R&D Expenses	N/A	N/A	$76K-76.1%	$320K-31.9%	$470K+20.4%	$390K
SG&A Expenses	$25.6M+772.5%	$2.9M-6.7%	$3.1M-33.9%	$4.8M+30.0%	$3.7M+18.3%	$3.1M
Operating Income	-$159.6M-4930.4%	-$3.2M-7.4%	-$3.0M+48.4%	-$5.7M-189.3%	-$2.0M+16.3%	-$2.4M
Interest Expense	N/A	$26K-37.2%	$42K+17.8%	$35K+1147.0%	$3K-83.8%	$17K
Income Tax	-$372K	N/A	N/A	N/A	N/A	N/A
Net Income	$100K+103.2%	-$3.1M-6.5%	-$2.9M+47.0%	-$5.5M-310.9%	-$1.3M+23.9%	-$1.8M
EPS (Diluted)	$2.52+159.7%	$-4.22+2.5%	$-4.33	$-0.84	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$7.3M+0.2%	$7.3M+2.7%	$7.1M+56.0%	$4.6M+541.9%	$713K-89.7%	$6.9M+1667.8%	$391K-77.8%	$1.8M
Cost of Revenue	$4.7M-15.5%	$5.6M+10.3%	$5.1M+57.5%	$3.2M+375.7%	$674K-86.9%	$5.1M+1016.5%	$461K-70.8%	$1.6M
Gross Profit	$2.6M+49.8%	$1.8M-15.8%	$2.1M+52.5%	$1.4M+3393.8%	$39K-97.8%	$1.8M+2611.5%	-$70K-139.0%	$180K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	-$9.0M-249.9%	$6.0M-72.3%	$21.7M+212.1%	$6.9M+525.3%	$1.1M	N/A	$676K+3.5%	$653K
Operating Income	-$79.4M+51.7%	-$164.3M-283.0%	$89.8M+1692.0%	-$5.6M-425.3%	-$1.1M	N/A	-$747K-56.5%	-$477K
Interest Expense	N/A	N/A	$287K-92.8%	$4.0M+75960.1%	$5K	N/A	$6K-99.8%	$4.0M
Income Tax	-$81K+99.6%	-$18.4M-201.3%	$18.2M+30318.3%	-$60K-143.9%	$137K	N/A	N/A	N/A
Net Income	-$171.1M-60.6%	-$106.6M-137.6%	$283.6M+4949.9%	-$5.8M-447.3%	-$1.1M	N/A	-$740K-57.4%	-$470K
EPS (Diluted)	N/A	$-1.92-137.3%	$5.15	$-6.94-421.8%	$-1.33	N/A	$-0.94-42.4%	$-0.66

BNCWZ Balance Sheet

Metric	FY26	FY24	FY23	FY22	FY21	FY20
Total Assets	$337.8M+3160.5%	$10.4M-24.8%	$13.8M-34.5%	$21.0M+298.1%	$5.3M+9.7%	$4.8M
Current Assets	$10.2M+1.3%	$10.1M-24.4%	$13.4M-34.8%	$20.5M+413.1%	$4.0M+8.4%	$3.7M
Cash & Equivalents	$3.1M-67.6%	$9.5M-24.4%	$12.5M-32.9%	$18.6M+763.0%	$2.2M-5.5%	$2.3M
Inventory	$4.0M+15450.4%	$26K-91.2%	$296K-14.9%	$348K-7.9%	$378K+15.7%	$327K
Accounts Receivable	N/A	$13K-30.1%	$19K+604.2%	$3K-98.5%	$179K+436.0%	$33K
Goodwill	$3.5M	N/A	N/A	N/A	$631K0.0%	$631K
Total Liabilities	$33.1M+2740.9%	$1.2M-23.0%	$1.5M-75.4%	$6.1M-30.7%	$8.9M+44.0%	$6.1M
Current Liabilities	$8.6M+739.3%	$1.0M-17.7%	$1.3M-78.3%	$5.8M+30.6%	$4.4M-25.4%	$5.9M
Long-Term Debt	$1.8M	N/A	N/A	N/A	N/A	N/A
Total Equity	$304.8M+3213.6%	$9.2M-25.0%	$12.3M-17.7%	$14.9M+517.2%	-$3.6M-167.7%	-$1.3M
Retained Earnings	$73.4M+282.1%	-$40.3M-8.5%	-$37.2M-8.5%	-$34.3M-19.1%	-$28.8M-4.9%	-$27.4M

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$337.8M-22.6%	$436.8M-29.1%	$616.5M+6607.3%	$9.2M-2.6%	$9.4M-8.9%	$10.4M-8.6%	$11.3M-9.7%	$12.6M
Current Assets	$10.2M-54.5%	$22.5M-61.3%	$58.1M+696.2%	$7.3M-20.7%	$9.2M-8.9%	$10.1M-8.5%	$11.0M-9.7%	$12.2M
Cash & Equivalents	$3.1M-73.0%	$11.3M-65.2%	$32.5M+977.4%	$3.0M-65.3%	$8.7M-7.9%	$9.5M-8.2%	$10.3M-9.1%	$11.3M
Inventory	$4.0M+4.5%	$3.9M+10.8%	$3.5M+3.4%	$3.4M+16538.4%	$20K-21.9%	$26K+5.3%	$25K+4.3%	$24K
Accounts Receivable	N/A	N/A	N/A	N/A	$57K+335.9%	$13K-81.7%	$71K+121.5%	$32K
Goodwill	$3.5M-15.2%	$4.2M+3.4%	$4.0M	$0	N/A	N/A	N/A	N/A
Total Liabilities	$33.1M-54.0%	$71.9M-45.4%	$131.6M+9435.8%	$1.4M+12.3%	$1.2M+5.6%	$1.2M+2.7%	$1.1M-29.6%	$1.6M
Current Liabilities	$8.6M+0.9%	$8.6M-23.8%	$11.2M	N/A	$1.1M+9.5%	$1.0M+6.6%	$966K-31.5%	$1.4M
Long-Term Debt	$1.8M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$304.8M-16.5%	$364.9M-24.7%	$484.9M+6107.6%	$7.8M-4.8%	$8.2M-10.8%	$9.2M-9.9%	$10.2M-6.8%	$10.9M
Retained Earnings	$73.4M-43.3%	$129.4M-45.2%	$236.0M+595.3%	-$47.7M-15.1%	-$41.4M-2.6%	-$40.3M-2.6%	-$39.3M-1.9%	-$38.6M

BNCWZ Cash Flow Statement

Metric	FY26	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$26.6M-771.3%	-$3.1M+50.1%	-$6.1M-92.2%	-$3.2M+0.6%	-$3.2M-492.1%	$818K
Capital Expenditures	$9K	N/A	N/A	$30K-55.8%	$69K+635.7%	$9K
Free Cash Flow	-$26.6M	N/A	N/A	-$3.2M+1.7%	-$3.3M-505.1%	$809K
Investing Cash Flow	-$387.7M	N/A	$200+100.7%	-$28K+50.8%	-$57K-512.5%	-$9K
Financing Cash Flow	$405.8M	N/A	N/A	$19.7M+527.4%	$3.1M+466.6%	$554K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$17.0M	N/A	N/A	N/A	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$5.5M+168.6%	-$8.0M+64.3%	-$22.4M-1197.6%	-$1.7M-131.5%	-$745K+11.5%	-$842K+18.2%	-$1.0M-276.8%	-$273K
Capital Expenditures	-$437-455.3%	$123	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	$5.5M+168.6%	-$8.0M	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$202.0M-47696.7%	-$423K+99.8%	-$174.6M-1540.3%	-$10.6M	N/A	N/A	N/A	N/A
Financing Cash Flow	$188.2M+1576.2%	-$12.7M-105.6%	$226.5M+5691.3%	$3.9M	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$4.2M-52.4%	$8.8M	N/A	N/A	N/A	N/A	N/A	N/A

BNCWZ Financial Ratios

Metric	FY26	FY24	FY23	FY22	FY21	FY20
Gross Margin	29.8%+37.6pp	-7.8%-15.7pp	7.8%-2.3pp	10.2%-11.3pp	21.4%+3.2pp	18.2%
Operating Margin	-604.3%-491.1pp	-113.1%-70.4pp	-42.7%+8.0pp	-50.7%-36.2pp	-14.5%+13.2pp	-27.8%
Net Margin	0.4%+111.0pp	-110.6%-68.4pp	-42.1%+6.6pp	-48.7%-38.9pp	-9.8%+10.8pp	-20.7%
Return on Equity	0.0%+33.7pp	-33.7%-10.0pp	-23.8%+13.2pp	-36.9%	N/A	N/A
Return on Assets	0.0%+30.0pp	-29.9%-8.8pp	-21.1%+5.0pp	-26.1%-0.8pp	-25.3%+11.2pp	-36.5%
Current Ratio	1.18-8.6	9.80-0.9	10.68+7.1	3.56+2.7	0.91+0.3	0.62
Debt-to-Equity	0.01-0.1	0.130.0	0.12-0.3	0.41	N/A	N/A
FCF Margin	-100.8%	N/A	N/A	-28.5%-4.5pp	-24.0%-33.5pp	9.5%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	35.9%+11.9pp	24.0%-5.3pp	29.3%-0.7pp	30.0%+24.5pp	5.5%-20.0pp	25.5%+43.5pp	-17.9%-28.2pp	10.2%
Operating Margin	-1080.7%+1159.5pp	-2240.2%-3497.4pp	1257.2%+1380.3pp	-123.2%+27.3pp	-150.5%	N/A	-191.1%-163.9pp	-27.1%
Net Margin	-2328.5%-875.5pp	-1453.0%-5423.6pp	3970.6%+4098.4pp	-127.7%+22.1pp	-149.8%	N/A	-189.5%-162.7pp	-26.7%
Return on Equity	-56.1%-26.9pp	-29.2%-87.7pp	58.5%+133.4pp	-74.9%-61.9pp	-13.0%	N/A	-7.3%-3.0pp	-4.3%
Return on Assets	-50.6%-26.2pp	-24.4%-70.4pp	46.0%+109.6pp	-63.6%-52.3pp	-11.3%	N/A	-6.5%-2.8pp	-3.8%
Current Ratio	1.18-1.4	2.62-2.5	5.17	N/A	8.16-1.6	9.80-1.6	11.42+2.8	8.66
Debt-to-Equity	0.01-0.2	0.20-0.1	0.27+0.1	0.18+0.0	0.15+0.0	0.13+0.0	0.11-0.0	0.15
FCF Margin	74.6%+183.6pp	-109.0%	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is CEA Industries Inc's annual revenue?

CEA Industries Inc (BNCWZ) reported $26.4M in total revenue for fiscal year 2026. This represents a 841.9% 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 CEA Industries Inc's revenue growing?

CEA Industries Inc (BNCWZ) revenue grew by 841.9% year-over-year, from $2.8M to $26.4M in fiscal year 2026.

Is CEA Industries Inc profitable?

Yes, CEA Industries Inc (BNCWZ) reported a net income of $100K in fiscal year 2026, with a net profit margin of 0.4%.

What is CEA Industries Inc's EBITDA?

CEA Industries Inc (BNCWZ) had EBITDA of -$158.7M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does CEA Industries Inc have?

As of fiscal year 2026, CEA Industries Inc (BNCWZ) had $3.1M in cash and equivalents against $1.8M in long-term debt.

What is CEA Industries Inc's gross margin?

CEA Industries Inc (BNCWZ) 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's operating margin?

CEA Industries Inc (BNCWZ) had an operating margin of -604.3% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is CEA Industries Inc's net profit margin?

CEA Industries Inc (BNCWZ) 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's return on equity (ROE)?

CEA Industries Inc (BNCWZ) 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's free cash flow?

CEA Industries Inc (BNCWZ) generated -$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's operating cash flow?

CEA Industries Inc (BNCWZ) generated -$26.6M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are CEA Industries Inc's total assets?

CEA Industries Inc (BNCWZ) had $337.8M in total assets as of fiscal year 2026, including both current and long-term assets.

What are CEA Industries Inc's capital expenditures?

CEA Industries Inc (BNCWZ) invested $9K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Does CEA Industries Inc buy back shares?

Yes, CEA Industries Inc (BNCWZ) spent $17.0M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does CEA Industries Inc have outstanding?

CEA Industries Inc (BNCWZ) had 41M shares outstanding as of fiscal year 2026.

What is CEA Industries Inc's current ratio?

CEA Industries Inc (BNCWZ) had a current ratio of 1.18 as of fiscal year 2026, which is considered adequate.

What is CEA Industries Inc's debt-to-equity ratio?

CEA Industries Inc (BNCWZ) 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's return on assets (ROA)?

CEA Industries Inc (BNCWZ) 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's cash runway?

Based on fiscal year 2026 data, CEA Industries Inc (BNCWZ) had $3.1M in cash against an annual operating cash burn of $26.6M. This gives an estimated cash runway of approximately 1 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 CEA Industries Inc's Piotroski F-Score?

CEA Industries Inc (BNCWZ) 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's earnings high quality?

CEA Industries Inc (BNCWZ) has an earnings quality ratio of -266.22x, 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.