CEA Industries Inc. (BNC) AI Stock Analysis

BNB Standard Corporation, formerly known as CEA Industries Inc., operates as a digital asset treasury company in the United States and Canada across two segments: BNB Treasury Management and Retail and Industry. It builds and manages a corporate treasury of BNB to provide institutional-grade exposure to blockchain infrastructure and decentralized finance. Additionally, the company designs, engineers, and sells industrial climate control systems for the controlled environment agriculture industry, offering facility design, budgeting, equipment selection, installation, and start-up services. The company also manufactures and retails e-cigarettes, vape devices, and e-liquids.

Revenue fell from $13.6M in FY2021 to $11.3M in FY2022, $6.9M in FY2023, and $2.8M in FY2024, with net losses recorded across all four years, including net income of -$3.1M in FY2024. In FY2025, revenue grew 4611.2% to $132.1M, yielding a gross margin of 87.5%, an operating margin of 67864.9%, and net income of $170.2M. Over the 5-year period from FY2020 to FY2025, revenue delivered a CAGR of 73.0%. In the trailing twelve months ended June 30, 2026, revenue stood at $29.0M with a profit margin of 362.3% and an operating margin of -261.5%, while quarterly revenue declined 4.6% year-over-year.

As of June 30, 2026, cash and short-term investments totaled $7.1M against total debt of $18.5M, leaving net debt at $11.4M. Shareholders' equity was $289.4M out of $327.2M in total assets, resulting in a debt-to-equity ratio of 0.06, while the current ratio stood at 0.62. During FY2025, operating cash flow reached $269.7M and free cash flow was $257.0M, with capital expenditures of $10.6M. Over the past five years, the company's share count increased 39895.8%.

At a market cap of $219.0M and enterprise value of $261.9M, BNC trades at a trailing price-to-sales ratio of 7.6x and an EV-to-EBITDA of 132.8x. Both metrics trade at a premium to the median of its US-listed Industrials peers, which post a price-to-sales of 1.5x and an EV-to-EBITDA of 13.9x. The stock carries a price-to-book ratio of 0.9x. Over the past year, BNC generated a return of -43.9%, trailing the S&P 500 return of 16.8%, while its 5-year return of -95.7% lagged the S&P 500 return of 83.0%.

1 analyst covers BNC and estimates next fiscal year revenue of $37.3M, representing revenue growth of 77.6%, alongside an EPS estimate of $4.72, which reflects projected EPS growth of 430.3%. The mean price target is $29.00, which sits 545.9% above the last closing price of $4.49 on October 16, 2026. Over the last four quarters, the company delivered 1 EPS beat.

This page is an AI-written research summary of CEA Industries Inc. (BNC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: BNC income statement, BNC balance sheet, BNC key metrics, BNC analyst forecast, BNC chart. See the BNC stock overview for the latest quote and news.