What is Bion Environment's earnings per share (EPS)?

Bion Environment (BNET) reported diluted earnings per share of $-0.04 for fiscal year 2025. This represents a 81.8% 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.

Bion Environment Financials

BNET

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE June

This page shows Bion Environment (BNET) financial statements, including the 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).

Rhea AI BNET FY2025 2026-05-15

Balance-sheet contraction has overtaken operations, leaving liabilities far larger than liquid resources in the latest filing.

Between FY2023 and FY2025, total assets collapsed by more than 99% while total liabilities more than doubled, flipping the company from positive to negative equity. Because share count changed only modestly over that span, balance-sheet erosion weakened capital faster than dilution rebuilt it.

The current ratio has moved from already weak to almost nonexistent across the last three annual filings. Cash fell from $626K to $4K, so near-term obligations are being carried with almost no liquid buffer.

The latest filing shows negative equity of roughly -$7.1M on an asset base of just $29K, which means outside claims exceed what the business currently owns. With share count nearly unchanged from FY2024, that pressure was not meaningfully relieved by new stock issuance in the latest year.

Financial Health Signals

Financial health score pending refresh

We are recalculating Bion Environment'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.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

$-0.04

YoY+81.8%

Bion Environment earned $-0.04 per diluted share (EPS) in fiscal year 2025. This represents an increase of 81.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$4K

YoY-91.5%

5Y CAGR-62.0%

10Y CAGR-35.2%

Bion Environment held $4K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

57M

YoY+0.3%

5Y CAGR+13.0%

10Y CAGR+10.2%

Bion Environment had 57M shares outstanding in fiscal year 2025. This represents an increase of 0.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

$22K

YoY-7.5%

5Y CAGR-38.5%

10Y CAGR-27.2%

Bion Environment invested $22K in research and development in fiscal year 2025. This represents a decrease of 7.5% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

BNET Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY22
Revenue	N/A	$0	$0	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$22K-7.5%	$23K-71.7%	$83K-58.8%	$201K-73.2%	$749K+203.8%	$246K
SG&A Expenses	N/A	N/A	$3.1M+30.8%	$2.3M+13.0%	$2.1M+249.5%	$595K
Operating Income	N/A	N/A	-$3.2M-23.8%	-$2.6M+9.8%	-$2.8M-236.1%	-$841K
Interest Expense	N/A	$160K+315.6%	$38K-87.3%	$302K-54.2%	$658K+61.5%	$408K
Income Tax	N/A	$0	$0	N/A	N/A	N/A
Net Income	N/A	N/A	-$3.2M-138.5%	$8.3M+340.3%	-$3.5M	N/A
EPS (Diluted)	$-0.04+81.8%	$-0.22-214.3%	$-0.07-135.0%	$0.20	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$0	$0	N/A	N/A	$0	$0	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$3K-62.2%	$8K+27.5%	$7K	N/A	$6K-20.2%	$7K+13.5%	$6K	N/A
SG&A Expenses	$305K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	-$308K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$118K+62.9%	$73K-30.6%	$105K	N/A	$35K+12.6%	$31K-85.1%	$206K	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	$-0.010.0%	$-0.010.0%	$-0.01	N/A	$-0.010.0%	$-0.01+50.0%	$-0.02	N/A

BNET Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY22
Total Assets	$29K-74.0%	$112K-98.5%	$7.6M+19.4%	$6.4M+46.5%	$4.3M+660.2%	$571K
Current Assets	$29K-61.0%	$75K-88.4%	$649K-80.5%	$3.3M-23.5%	$4.3M+661.9%	$570K
Cash & Equivalents	$4K-91.5%	$52K-91.7%	$626K-80.2%	$3.2M-25.0%	$4.2M+651.8%	$561K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$7.2M+21.0%	$5.9M+76.1%	$3.4M-53.7%	$7.3M-53.9%	$15.7M+0.6%	$15.7M
Current Liabilities	$7.1M+23.8%	$5.8M+256.1%	$1.6M-17.3%	$2.0M-82.2%	$11.0M-0.8%	$11.0M
Long-Term Debt	N/A	N/A	$29K	N/A	N/A	N/A
Total Equity	-$7.1M-22.8%	-$5.8M-238.5%	$4.2M+549.9%	-$932K+91.9%	-$11.4M+24.4%	-$15.1M
Retained Earnings	-$141.3M-1.7%	-$138.9M-9.2%	-$127.2M-2.6%	-$124.0M+6.3%	-$132.3M-2.7%	-$128.9M

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$71K+105.2%	$35K-36.5%	$55K+86.7%	$29K+73.5%	$17K-57.0%	$39K-68.6%	$125K+11.3%	$112K
Current Assets	$71K+105.2%	$35K-36.5%	$55K+86.7%	$29K+73.5%	$17K-49.9%	$34K-67.4%	$103K+37.9%	$75K
Cash & Equivalents	$44K+589.9%	$6K-77.2%	$28K+523.5%	$4K-18.8%	$5K-82.8%	$32K-11.7%	$36K-31.1%	$52K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$6.7M+6.2%	$6.3M+5.2%	$6.0M-16.3%	$7.2M+4.8%	$6.8M+4.4%	$6.5M+4.6%	$6.3M+5.7%	$5.9M
Current Liabilities	$6.7M+6.2%	$6.3M+5.3%	$6.0M-16.4%	$7.1M+4.8%	$6.8M+7.3%	$6.3M+4.0%	$6.1M+5.9%	$5.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$6.6M-5.6%	-$6.3M-5.6%	-$5.9M+16.7%	-$7.1M-4.6%	-$6.8M-4.8%	-$6.5M-6.1%	-$6.1M-5.6%	-$5.8M
Retained Earnings	-$142.7M-0.3%	-$142.2M-0.3%	-$141.9M-0.4%	-$141.3M-0.2%	-$141.0M-0.4%	-$140.5M-0.3%	-$140.1M-0.8%	-$138.9M

BNET Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY22
Operating Cash Flow	N/A	N/A	-$2.9M-336.6%	-$671K+51.7%	-$1.4M-43.8%	-$966K
Capital Expenditures	N/A	N/A	$3.6M+72.5%	$2.1M	N/A	N/A
Free Cash Flow	N/A	N/A	-$6.5M-137.3%	-$2.7M	N/A	N/A
Investing Cash Flow	N/A	N/A	-$3.6M-72.5%	-$2.1M	N/A	N/A
Financing Cash Flow	N/A	N/A	$4.0M+135.6%	$1.7M-66.8%	$5.0M+239.5%	$1.5M
Dividends Paid	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

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	-$252K-45.7%	-$173K+30.4%	-$248K	N/A	N/A	N/A	-$218K-131.7%	-$94K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$179K
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$273K
Investing Cash Flow	$0	N/A	N/A	N/A	$0	N/A	N/A	-$179K
Financing Cash Flow	$289K+90.8%	$152K-44.2%	$271K	N/A	N/A	N/A	$202K-26.7%	$275K
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

BNET Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	-76.0%	N/A	N/A	N/A
Return on Assets	N/A	N/A	-42.0%-172.3pp	130.4%+209.8pp	-79.5%	N/A
Current Ratio	0.000.0	0.01-0.4	0.40-1.3	1.70+1.3	0.40+0.3	0.05
Debt-to-Equity	N/A	N/A	0.01	N/A	N/A	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.010.0	0.010.0	0.010.0	0.000.0	0.000.0	0.01-0.0	0.020.0	0.01
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$7.1M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What are Bion Environment's total assets?

Bion Environment (BNET) had $29K in total assets as of fiscal year 2025, including both current and long-term assets.

How much does Bion Environment spend on research and development?

Bion Environment (BNET) invested $22K in research and development during fiscal year 2025.

How many shares does Bion Environment have outstanding?

Bion Environment (BNET) had 57M shares outstanding as of fiscal year 2025.

What is Bion Environment's current ratio?

Bion Environment (BNET) had a current ratio of 0.00 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Why is Bion Environment's debt-to-equity ratio negative or not reported?

Bion Environment (BNET) has negative shareholder equity of -$7.1M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.