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) Updated 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 13 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 Profile 17/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Bion Environment'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.

Leverage

100

Bion Environment carries a low D/E ratio of -1.00, meaning only $-1.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Bion Environment's current ratio of 0.00 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

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-60.6%

10Y CAGR-20.6%

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+13.9%

10Y CAGR+12.8%

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-38.1%

10Y CAGR-19.6%

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	FY20
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+214.8%	$238K
SG&A Expenses	N/A	N/A	$3.1M+30.8%	$2.3M+13.0%	$2.1M+193.6%	$708K
Operating Income	N/A	N/A	-$3.2M-23.8%	-$2.6M+9.8%	-$2.8M-198.8%	-$946K
Interest Expense	N/A	$160K+315.6%	$38K-87.3%	$302K-54.2%	$658K+152.7%	$260K
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-186.0%	-$1.2M
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	FY20
Total Assets	$29K-74.0%	$112K-98.5%	$7.6M+19.4%	$6.4M+46.5%	$4.3M+819.7%	$472K
Current Assets	$29K-61.0%	$75K-88.4%	$649K-80.5%	$3.3M-23.5%	$4.3M+823.4%	$470K
Cash & Equivalents	$4K-91.5%	$52K-91.7%	$626K-80.2%	$3.2M-25.0%	$4.2M+798.7%	$469K
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+3.3%	$15.2M
Current Liabilities	$7.1M+23.8%	$5.8M+256.1%	$1.6M-17.3%	$2.0M-82.2%	$11.0M+2.2%	$10.7M
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+22.8%	-$14.8M
Retained Earnings	-$141.3M-1.7%	-$138.9M-9.2%	-$127.2M-2.6%	-$124.0M+6.3%	-$132.3M-5.4%	-$125.6M

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	FY20
Operating Cash Flow	N/A	N/A	-$2.9M-336.6%	-$671K+51.7%	-$1.4M-71.3%	-$811K
Capital Expenditures	N/A	N/A	$3.6M+72.5%	$2.1M	N/A	$2K
Free Cash Flow	N/A	N/A	-$6.5M-137.3%	-$2.7M	N/A	-$814K
Investing Cash Flow	N/A	N/A	-$3.6M-72.5%	-$2.1M	N/A	-$2K
Financing Cash Flow	N/A	N/A	$4.0M+135.6%	$1.7M-66.8%	$5.0M+505.7%	$833K
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	FY20
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%+176.1pp	-255.6%
Current Ratio	0.000.0	0.01-0.4	0.40-1.3	1.70+1.3	0.40+0.4	0.04
Debt-to-Equity	-1.00+0.0	-1.02-1.0	0.01+7.8	-7.78-6.4	-1.38-0.3	-1.03
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	-1.010.0	-1.010.0	-1.010.0	-1.000.0	-1.000.0	-1.01+0.0	-1.020.0	-1.02
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.

What is Bion Environment's debt-to-equity ratio?

Bion Environment (BNET) had a debt-to-equity ratio of -1.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Why is Bion Environment's debt-to-equity ratio negative or unusual?

Bion Environment (BNET) has negative shareholder equity of -$7.1M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. 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.

How financially healthy is Bion Environment?

Bion Environment (BNET) scores 17 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.