NASDAQ : BNC
CEA Industries Inc. — Financial statements
Industrials · Farm & Heavy Construction Machinery · United States
Last price 5.41 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 222.75M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
CEA Industries Inc. (BNC) reported revenue of 28.99M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 28.99M | 29.34M | 27.99M | 2.80M | 6.91M | 11.28M |
| Cost of Revenue | 20.53M | 20.54M | 18.01M | 3.02M | 6.37M | 10.14M |
| Gross Profit | 8.46M | 8.80M | 9.98M | -219.62K | 542.08K | 1.14M |
| Selling, General & Admin | 29.41M | 26.52M | 8.82M | 2.95M | 3.42M | 5.92M |
| Research & Development | 76.49K | 319.99K | ||||
| Other Operating Expenses | 147.44M | 132.17M | ||||
| Operating Expenses | 176.85M | 158.69M | 8.82M | 2.95M | 3.50M | 6.24M |
| Operating Income | -168.39M | -149.89M | 1.16M | -3.17M | -2.95M | -5.09M |
| Interest Expense | -912.00K | -840.00K | ||||
| Interest & Investment Income | 26.14K | 41.59K | 35.00K | |||
| Other Non Operating Income (Expenses) | 288.92M | 281.15M | 47.00K | 6.67K | ||
| EBT Excluding Unusual Items | 119.61M | 130.41M | 1.21M | -3.15M | -2.91M | -5.05M |
| Merger & Restructuring Charges | -14.80M | -15.52M | ||||
| Impairment of Goodwill | -631.06K | |||||
| Other Unusual Items | -500.00K | |||||
| Pretax Income | 104.81M | 114.89M | 707.00K | -3.15M | -2.91M | -5.50M |
| Income Tax Expense | -217.00K | -370.00K | 137.00K | |||
| Net Income | 105.03M | 115.26M | 570.00K | -3.15M | -2.91M | -5.50M |
| Preferred Dividends & Other Adjustments | 475.98K | |||||
| Net Income to Common | 105.03M | 115.26M | 570.00K | -3.15M | -2.91M | -5.97M |
| Shares Outstanding (Basic) | 54.16M | 41.06M | 745.04K | 672.94K | 591.20K | |
| Shares Outstanding (Diluted) | 54.26M | 41.16M | 745.04K | 672.94K | 591.20K | |
| EPS (Basic) | 1.94 | 2.81 | -4.22 | -4.33 | -10.10 | |
| EPS (Diluted) | 1.93 | 2.80 | -4.22 | -4.33 | -10.10 | |
| Free Cash Flow | -31.43M | -26.87M | 74.00K | -3.06M | -6.13M | -3.22M |
| Free Cash Flow Per Share | -0.58 | -0.65 | -4.10 | -9.11 | -5.45 | |
| Gross Margin | 29.19% | 29.99% | 35.65% | -7.83% | 7.84% | 10.15% |
| Operating Margin | -580.83% | -510.97% | 4.14% | -113.15% | -42.73% | -45.14% |
| Profit Margin | 362.28% | 392.92% | 2.04% | -112.22% | -42.13% | -52.94% |
| Free Cash Flow Margin | -108.42% | -91.60% | 0.26% | -108.99% | -88.69% | -28.54% |
| EBITDA | -167.49M | -149.01M | 1.94M | -3.15M | -2.92M | -5.06M |
| EBITDA Margin | 6.92% | -112.43% | -42.30% | -44.85% | ||
| D&A For EBITDA | 904.00K | 883.00K | 777.00K | 20.07K | 29.66K | 32.44K |
| EBIT | -168.39M | -149.89M | 1.16M | -3.17M | -2.95M | -5.09M |
| EBIT Margin | 4.14% | -113.15% | -42.73% | -45.14% | ||
| Effective Tax Rate | 19.38% | |||||
| Advertising Expenses | 5.19M | 622.00K | 16.32K | 272.30K | 1.14M |
Balance sheet
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 7.08M | 3.06M | 2.15M | 9.45M | 12.51M | 18.64M |
| Cash & Short-Term Investments | 7.08M | 3.06M | 2.15M | 9.45M | 12.51M | 18.64M |
| Accounts Receivable | 247.37K | 243.07K | 2.65K | |||
| Receivables | 247.37K | 243.07K | 2.65K | |||
| Inventory | 3.82M | 4.04M | 3.29M | 109.48K | 296.40K | 348.41K |
| Prepaid Expenses | 284.57K | 313.12K | 1.49M | |||
| Other Current Assets | 3.93M | 3.13M | 1.02M | |||
| Total Current Assets | 14.83M | 10.23M | 6.46M | 10.09M | 13.36M | 20.48M |
| Property, Plant & Equipment | 250.97K | 394.67K | 531.39K | |||
| Goodwill | 3.43M | 3.54M | ||||
| Other Intangible Assets | 4.52M | 4.80M | 1.83K | 1.83K | 1.83K | |
| Other Long-Term Assets | 304.37M | 319.28M | 2.58M | 14.75K | 14.75K | 14.75K |
| Total Assets | 327.15M | 337.85M | 9.04M | 10.36M | 13.77M | 21.03M |
| Accounts Payable | 1.50M | 5.29M | 2.25M | 165.35K | 183.36K | 311.16K |
| Accrued Expenses | 2.94M | 331.98K | 250.03K | 805.61K | ||
| Current Portion of Long-Term Debt | 1.80M | 1.08M | ||||
| Current Portion of Leases | 621.00K | 670.00K | 529.00K | 135.65K | 126.72K | 118.23K |
| Current Unearned Revenue | 343.79K | 499.80K | 4.34M | |||
| Other Current Liabilities | 2.23M | 1.60M | 124.00K | 53.15K | 191.34K | 180.46K |
| Total Current Liabilities | 24.08M | 8.64M | 2.91M | 1.03M | 1.25M | 5.75M |
| Long-Term Debt | 753.00K | |||||
| Long-Term Leases | 1.11M | 1.10M | 1.38M | 134.15K | 259.63K | 376.85K |
| Other Long-Term Liabilities | 12.53M | 22.57M | ||||
| Total Liabilities | 37.72M | 33.07M | 4.28M | 1.16M | 1.51M | 6.13M |
| Common Stock | 8.00 | 7.00 | 80.00 | |||
| Additional Paid-In Capital | 227.54M | 231.27M | 49.53M | 49.45M | 49.17M | |
| Retained Earnings | 62.04M | 73.44M | 4.84M | -40.34M | -37.19M | -34.28M |
| Comprehensive Income & Other | -156.00K | 59.00K | -77.00K | |||
| Total Common Equity | 289.43M | 304.78M | 4.76M | 9.20M | 12.26M | 14.90M |
| Shareholders' Equity | 289.43M | 304.78M | 4.76M | 9.20M | 12.26M | 14.90M |
| Total Liabilities & Equity | 327.15M | 337.85M | 9.04M | 10.36M | 13.77M | 21.03M |
| Total Debt | 18.53M | 3.61M | 1.90M | 269.80K | 386.35K | 495.09K |
| Net Cash (Debt) | -11.45M | -545.00K | 245.00K | 9.18M | 12.12M | 18.14M |
| Net Cash Per Share | -0.21 | -0.01 | 12.33 | 18.01 | 30.69 | |
| Filing Date Shares Outstanding | 41.17M | 41.26M | 841.35K | 802.35K | 684.39K | 673.03K |
| Total Common Shares Outstanding | 41.17M | 42.61M | 802.35K | 793.11K | 673.03K | 662.83K |
| Working Capital | -9.25M | 1.58M | 3.55M | 9.06M | 12.11M | 14.72M |
| Book Value Per Share | 7.03 | 7.15 | 5.93 | 11.60 | 18.22 | 22.47 |
| Tangible Book Value | 281.48M | 296.44M | 4.76M | 9.20M | 12.26M | 14.89M |
| Tangible Book Value Per Share | 6.84 | 6.96 | 5.93 | 11.59 | 18.22 | 22.47 |
| Machinery | 120.65K | 290.99K | 293.39K | |||
| Order Backlog | 490.00K | 5.58M |
Cash flow statement
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 105.03M | 115.26M | 570.00K | -3.15M | -2.91M | -5.50M |
| Depreciation & Amortization | 904.00K | 883.00K | 777.00K | 131.06K | 136.66K | 135.44K |
| Loss (Gain) From Sale of Assets | 12.80K | 100.00 | 4.49K | |||
| Asset Writedown & Restructuring Costs | 631.06K | |||||
| Stock-Based Compensation | 137.00K | 77.00K | 82.46K | 187.62K | 307.74K | |
| Provision & Write-off of Bad Debts | -40.22K | -2.06K | -54.71K | |||
| Other Operating Activities | -139.85M | -145.19M | -134.00K | 26.83K | 121.56K | -20.47K |
| Change in Accounts Receivable | 101.00K | 242.00K | -113.00K | 35.92K | -238.36K | 231.50K |
| Change in Inventory | -621.00K | -794.00K | 113.00K | 243.44K | -69.78K | 50.39K |
| Change in Accounts Payable | 2.89M | 1.23M | -759.00K | -74.25K | -582.53K | -175.41K |
| Change in Unearned Revenue | -264.00K | -373.00K | -156.01K | -3.84M | 1.50M | |
| Change in Income Taxes | 1.17M | 954.00K | -13.00K | |||
| Change in Other Net Operating Assets | -789.00K | 853.00K | -270.00K | -171.51K | 1.07M | -301.14K |
| Operating Cash Flow | -31.30M | -26.86M | 171.00K | -3.06M | -6.13M | -3.19M |
| Capital Expenditures | -134.00K | -11.00K | -97.00K | -30.35K | ||
| Sale of Property, Plant & Equipment | 200.00 | 2.25K | ||||
| Cash Acquisitions | -10.57M | |||||
| Other Investing Activities | -377.11M | -377.11M | ||||
| Investing Cash Flow | -377.25M | -387.70M | -97.00K | 200.00 | -28.10K | |
| Short-Term Debt Issued | 3.91M | |||||
| Total Debt Issued | 14.96M | 3.91M | ||||
| Long-Term Debt Repaid | -4.00M | |||||
| Total Debt Repaid | -4.00M | -4.00M | ||||
| Net Debt Issued (Repaid) | 10.96M | -90.00K | ||||
| Issuance of Common Stock | 446.68M | 446.68M | 21.71M | |||
| Repurchase of Common Stock | -21.23M | -16.95M | ||||
| Preferred Dividends Paid | -35.98K | |||||
| Dividends Paid | -35.98K | |||||
| Other Financing Activities | -23.86M | -23.86M | ||||
| Financing Cash Flow | 412.55M | 405.78M | 19.70M | |||
| Foreign Exchange Rate Adjustments | 34.00K | 143.00K | -2.00K | |||
| Net Cash Flow | 4.04M | -8.63M | 72.00K | -3.06M | -6.13M | 16.48M |
| Free Cash Flow | -31.43M | -26.87M | 74.00K | -3.06M | -6.13M | -3.22M |
| Free Cash Flow Margin | -108.42% | -91.60% | 0.26% | -108.99% | -88.69% | -28.54% |
| Free Cash Flow Per Share | -0.58 | -0.65 | -4.10 | -9.11 | -5.45 | |
| Levered Free Cash Flow | -105.20M | -91.60M | -1.79M | -5.04M | -1.44M | |
| Unlevered Free Cash Flow | -104.63M | -91.08M | -1.79M | -5.04M | -1.44M | |
| Cash Interest Paid | 858.00K | 647.00K | ||||
| Cash Income Tax Paid | 285.00K | |||||
| Change in Working Capital | 2.48M | 2.11M | -1.04M | -122.41K | -3.66M | 1.30M |
Ratios
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 203.81M | 133.41M | 5.98M | 6.43M | 4.42M | 6.68M |
| Enterprise Value | 215.26M | 125.84M | -3.21M | -3.57M | -8.51M | -13.88M |
| Last Close Price | 4.95 | 3.11 | 7.45 | 8.12 | 6.56 | 10.08 |
| PE Ratio | 2.56 | 1.16 | 10.49 | |||
| PS Ratio | 7.03 | 4.55 | 0.21 | 2.29 | 0.64 | 0.59 |
| PB Ratio | 0.70 | 0.44 | 1.26 | 0.70 | 0.36 | 0.45 |
| P/TBV Ratio | 0.72 | 0.45 | 1.26 | 0.70 | 0.36 | 0.45 |
| P/FCF Ratio | 80.78 | |||||
| P/OCF Ratio | 34.96 | |||||
| EV/Sales Ratio | 7.42 | 4.29 | ||||
| Debt / Equity Ratio | 0.06 | 0.01 | 0.40 | 0.03 | 0.03 | 0.03 |
| Debt / EBITDA Ratio | 0.98 | |||||
| Debt / FCF Ratio | 25.73 | |||||
| Net Debt / Equity Ratio | 0.04 | 0.00 | -0.05 | -1.00 | -0.99 | -1.22 |
| Net Debt / EBITDA Ratio | -0.07 | -0.00 | -0.13 | 2.91 | 4.15 | 3.58 |
| Net Debt / FCF Ratio | -0.36 | -0.02 | -3.31 | 3.00 | 1.98 | 5.63 |
| Asset Turnover | 0.17 | 0.17 | 0.23 | 0.40 | 0.86 | |
| Inventory Turnover | 5.51 | 5.60 | 14.90 | 19.75 | 27.90 | |
| Quick Ratio | 0.29 | 0.35 | 0.74 | 9.42 | 10.19 | 3.24 |
| Current Ratio | 0.62 | 1.18 | 2.22 | 9.80 | 10.68 | 3.56 |
| Return on Equity (ROE) | 70.89% | 74.48% | -29.32% | -21.44% | -71.93% | |
| Return on Assets (ROA) | -60.79% | -54.01% | -16.43% | -10.61% | -24.20% | |
| Return on Invested Capital (ROIC) | -55.56% | -96.75% | 20.71% | |||
| Return on Capital Employed (ROCE) | -55.60% | -45.50% | 18.90% | -34.00% | -23.60% | -33.30% |
| Earnings Yield | 39.04% | 86.40% | 9.54% | -48.94% | -65.92% | -82.27% |
| FCF Yield | -15.42% | -20.14% | 1.24% | -47.54% | -138.76% | -48.19% |
| Buyback Yield / Dilution | -42,566.12% | -10.71% | -13.83% | -348.20% |