CEA Industries Inc. Reports Full Year Fiscal 2026 Financial Results

Rhea-AI Summary

News Market Reaction – BNCWW

+0.37%

+0.37% Session close to close

In the Jun 24 session, BNCWW gained 0.37%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights full-year net income of $115.2M driven by non-cash warrant gains and a ...

Analysis

This announcement highlights full-year net income of $115.2M driven by non-cash warrant gains and a BNB treasury valued at $319.6M. Prior earnings often moved the stock sharply, and ongoing BNB volatility and AMA litigation remain key watch points.

Key Figures

Net income: $115.2 million Earnings per share: $2.52 per diluted share Airdrop income: $7.9 million +5 more

8 metrics

Net income $115.2 million Fiscal 2026 full year

Earnings per share $2.52 per diluted share Fiscal 2026 full year

Airdrop income $7.9 million Non-operating income from Binance ecosystem airdrops, FY 2026

Non-cash warrant gain $282.9 million Gain on change in fair value of warrant liabilities, FY 2026

Unrealized loss on digital assets $130.3 million Due to market price fluctuations, FY 2026

Digital asset fair value $319.6 million Total fair value of digital assets at April 30, 2026

Cash and equivalents $3.1 million Balance at fiscal year-end April 30, 2026

Share repurchases $3.8 million for 1,434,112 shares Repurchased subsequent to fiscal year-end under Share Repurchase Program

Previous Earnings Reports

2 past events · Latest: Mar 16 (Negative)

Same Type Pattern 2 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 16	Earnings and CEO change	Negative	-33.3%	Large net loss driven by BNB price decline and CEO transition news.
Dec 15	Earnings and DAT shift	Positive	-18.9%	Strong net income and major PIPE funding as company pivoted to DAT model.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Earnings releases have historically triggered sharp downside moves, with an average one-day reaction of about -26%.

Key Terms

digital asset treasury, warrant liabilities, asset management agreement, master loan facility, +1 more

5 terms

digital asset treasury financial

"strategic transformation into a leading publicly traded Digital Asset Treasury focused"

A digital asset treasury is a collection of digital items like cryptocurrencies or tokens that a company or organization owns and manages. It’s important because it helps them store, protect, and use these digital assets for business needs, investments, or future growth, much like a cash reserve but in digital form.

warrant liabilities financial

"driven by a $282.9 million non-cash gain on the change in fair value of warrant liabilities"

Warrant liabilities are the financial obligations a company records when it grants warrants—special rights allowing someone to buy shares at a set price in the future. If the warrants are expected to be exercised, they are treated as a liability because the company might need to deliver shares or cash later. This matters to investors because it affects the company’s reported financial health and the potential dilution of existing shares.

asset management agreement financial

"the Company filed a complaint ... seeking to void the AMA and recover fees"

An asset management agreement is a legal contract between an asset owner and a professional manager that sets out how investments will be handled, what the manager is allowed to buy or sell, the fees and performance rules, reporting requirements, and how either party can end the relationship. For investors it matters because those terms determine costs, decision-making authority, risk limits and incentives—similar to hiring a property manager for your investments—and directly influence returns and accountability.

master loan facility financial

"the Company entered into a master loan facility, drawing $10.0 million in USDC"

A master loan facility is a single, overarching loan agreement that lets a company borrow money in different amounts, at different times and under agreed terms, instead of arranging separate loans for each need. It acts like a business credit card or a home mortgage with flexible withdrawals, and matters to investors because it shapes a company’s access to cash, its borrowing costs, repayment rules and default risk — all key to assessing liquidity and financial stability.

share repurchase program financial

"repurchased 1,434,112 shares of its common stock for $3.8 million under its authorized Share Repurchase Program"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

• Successfully executed strategic transformation into a leading publicly traded Digital Asset Treasury focused exclusively on the BNB ecosystem.
• Holds 515,544 BNB tokens with a fair value of approximately $317.3 million as of April 30, 2026.
• Generated $7.9 million in airdrop income
• Reports Full Year Fiscal 2026 Net Income of $115.2 million, or $2.52 per diluted share
  
  

LOUISVILLE, Colorado, June 23, 2026 (GLOBE NEWSWIRE) -- CEA Industries Inc. (Nasdaq: BNC) (“CEA Industries” or the “Company”), a growth-oriented company focused on managing the world’s largest corporate treasury of BNB, today announced its financial results for the fourth quarter and full fiscal year ended April 30, 2026.

Management Commentary

“Fiscal 2026 was a transformative year for CEA Industries, marked by our strategic pivot in August 2025 to become the largest publicly traded digital asset treasury focused exclusively on BNB,” said David Namdar, Chief Executive Officer. “Following our $500 million PIPE transaction, we successfully accumulated 515,544 BNB tokens. While the digital asset markets experienced significant volatility in the latter half of our fiscal year, our conviction in the long-term utility and scarcity of BNB remains steadfast. Furthermore, our recent board reconstitution, leadership appointments, and decisive actions to renegotiate our asset management structure demonstrate our unwavering commitment to strong corporate governance and maximizing long-term shareholder value.”

Fiscal 2026 Financial Highlights

• Net Income: Reported net income of $115.2 million, or $2.52 per diluted share. This was primarily driven by a $282.9 million non-cash gain on the change in fair value of warrant liabilities, partially offset by a $130.3 million unrealized loss on digital assets due to market price fluctuations.
• Treasury Yield: Generated $7.9 million in non-operating income from digital asset airdrops within the Binance ecosystem
• Digital Asset Holdings: As of April 30, 2026, the Company held 515,544 BNB tokens (487,956 unrestricted and 27,588 restricted). The total fair value of the Company's digital assets was $319.6 million at fiscal year-end.
• Liquidity: Ended the fiscal year with $3.1 million in cash and cash equivalents, and on May 1, 2026, the Company entered into a master loan facility, drawing $10.0 million in USDC secured by $17.0 million of BNB collateral to support ongoing liquidity needs without liquidating core treasury assets.
  
  

Corporate Governance and Operational Highlights

• Board and Leadership Evolution: The Company reconstituted all four of its standing Board committees with fully independent directors and appointed Brent Miller as Chief Financial Officer.
• Asset Management Agreement (AMA) Litigation: On May 22, 2026, following unsuccessful attempts by the Board's Strategic Committee to renegotiate the AMA to market-standard terms, the Company filed a complaint in the U.S. District Court for the District of Delaware seeking to void the AMA and recover fees.
• Transparency Initiatives: An investor dashboard was announced and launched to provide shareholders with real-time visibility into the Company’s digital asset holdings and performance.
• Share Repurchases: Subsequent to the fiscal year-end, the Company opportunistically repurchased 1,434,112 shares of its common stock for $3.8 million under its authorized Share Repurchase Program.
  
  

Business Outlook

Looking ahead, CEA Industries remains committed to the disciplined execution of its BNB digital asset treasury strategy, which is designed to complement and strengthen its operating businesses. The Company will continue to strategically deploy significant capital acquiring additional BNB, deepening its position as the world's largest corporate BNB treasury, while continuing to make opportunistic share repurchases.

About CEA Industries Inc.

CEA Industries Inc. (Nasdaq: BNC) is a growth-oriented company that focuses on building category-leading businesses in consumer markets, including building and managing the world’s largest corporate treasury of BNB.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements.” The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties, including forward-looking statements regarding BNC’s expectations or beliefs regarding the Company’s position as the largest BNB treasury in the world, its disciplined execution on the BNB treasury strategy, the intent to deploy capital to make BNB acquisitions and opportunistic share repurchases, the progress and result of AMA litigation, and regarding the timing and progress of the leadership transition. BNC wishes to caution readers that these forward-looking statements may be affected by the risks and uncertainties in BNC’s business, as well as other important factors that may have affected and could in the future affect BNC’s actual results and could cause BNC’s actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of BNC. In evaluating these forward-looking statements, readers should consider various risk factors, which include, but are not limited to, BNC’s ability to keep pace with new technology and changing market needs; BNC’s ability to finance its current business and proposed future business, including the ability to finance the continued acquisition of BNB; the competitive environment of BNC’s business; and the future value and adoption of BNB. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions and risks, many of which are beyond BNC’s control. In addition, these forward-looking statements and the information in this press release is qualified in its entirety by cautionary statements and risk factor disclosures contained in BNC’s filings with the SEC, including BNC’s Form 10-K filed with the SEC on June 23, 2026, as may be amended or supplemented from time to time. Copies of BNC’s filings with the SEC are available on the SEC’s website at www.sec.gov. BNC undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

CEA Industries Media Inquiries:
Edelman Smithfield
CEA@edelmansmithfield.com

CEA Industries Investor Relations:
james@haydenir.com