CEA Industries Inc. (BNC) Income Statement
BNC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBNC revenue and net income
Where BNC's revenue goes
2025Each bar shows an amount and its share of revenue. BNC kept 128.8% of revenue as net income.
BNC profit margins
BNC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4,611.2% | +127.1% | +73.0% | +32.6% |
| Gross profit | — | +365.6% | +136.8% | +61.8% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BNC quarterly EPS vs estimates
CEA Industries beat the analyst EPS estimate in 1 of the last 4 quarters.
BNC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $132.1M | $2.8M | $6.9M | $11.3M | $13.6M | $8.5M | $15.2M | $9.6M | $7.2M | $7.6M |
| Cost of revenue | $16.5M | $3.0M | $6.4M | $10.1M | $10.7M | $7.0M | $10.7M | $7.1M | $5.3M | $5.3M |
| Gross profit | $115.6M | −$219,624 | $542,079 | $1.1M | $2.9M | $1.6M | $4.5M | $2.4M | $1.9M | $2.3M |
| Research & development | — | $0 | $76,487 | $319,987 | $469,703 | $390,229 | $521,044 | $317,713 | $319,680 | $349,062 |
| Sales, general & admin | $41.4M | $2.9M | $3.4M | $5.9M | $4.4M | $3.5M | $5.3M | $7.0M | $5.8M | $2.5M |
| Total operating expenses | $191.2M | $3.0M | $3.5M | $6.9M | $4.9M | $3.9M | $5.9M | $7.3M | $6.2M | $2.8M |
| Operating income | $89.63B | −$3.2M | −$3.0M | −$5.7M | −$2.0M | −$2.4M | −$1.3M | −$4.8M | −$4.2M | −$532,917 |
| Interest expense | $501,316 | $0 | — | — | $2,832 | $17,432 | — | $2,908 | $104,642 | $1.9M |
| Income before taxes | $301.67B | −$3.1M | −$2.9M | −$5.5M | −$1.3M | −$1.8M | −$1.3M | −$4.7M | −$4.9M | −$3.3M |
| Income taxes | $18.14B | — | — | — | — | — | — | — | — | — |
| Net income | $170.2M | −$3.1M | −$2.9M | −$5.5M | −$1.3M | −$1.8M | −$1.3M | −$4.7M | −$4.9M | −$3.3M |
| EBITDA | −$80.9M | −$3.2M | −$2.8M | −$5.0M | −$1.9M | −$1.4M | −$1.2M | −$4.6M | −$4.8M | −$1.3M |
| EPS (diluted) | $3.20 | −$1.34 | −$4.33 | −$0.93 | −$2.33 | −$0.13 | −$10.56 | −$38.04 | −$47.89 | −$41.90 |
| Gross margin | 87.5% | −7.8% | 7.8% | 10.1% | 21.5% | 18.2% | 29.9% | 25.6% | 26.5% | 30.4% |
| Operating margin | 67,864.9% | −113.1% | −42.7% | −50.7% | −14.5% | −27.7% | −8.6% | −50.3% | −58.8% | −7.0% |
| Net margin | 128.8% | −112.2% | −42.1% | −48.7% | −9.8% | −20.7% | −8.8% | −49.5% | −68.2% | −43.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.2M | $26.4M | $7.3M | $116.5M | $7.5M | $713,460 | $417,447 | $390,817 | $1.8M | $234,506 | $251,093 | $913,571 |
| Cost of revenue | $5.4M | $18.5M | $5.6M | $5.1M | $5.2M | $674,770 | $592,343 | $460,970 | $1.6M | $395,260 | $543,564 | $1.0M |
| Gross profit | $1.8M | $7.9M | $1.8M | $111.5M | $2.3M | $38,690 | −$174,896 | −$70,153 | $179,800 | −$160,754 | −$292,471 | −$104,063 |
| Research & development | — | — | — | $0 | — | — | $0 | $0 | $70,717 | $0 | — | — |
| Sales, general & admin | $5.4M | — | $6.3M | $21.7M | $7.9M | $1.1M | $849,502 | $676,519 | $653,150 | $769,434 | $709,467 | $703,000 |
| Total operating expenses | $7.7M | $167.4M | $6.3M | $21.7M | $7.9M | $1.1M | $849,502 | $676,519 | $657,005 | $763,055 | $702,823 | $703,000 |
| Operating income | −$5.9M | −$159.6M | $89.55B | $89.8M | −$5.6M | −$1.1M | −$1.0M | −$746,672 | −$477,205 | −$923,810 | −$995,290 | −$807,062 |
| Interest expense | $340,000 | $697,000 | $158,330 | $392,228 | $267,418 | — | — | — | — | — | — | — |
| Income before taxes | −$11.3M | $114.9M | $301.38B | $301.8M | −$5.9M | −$1.1M | −$1.0M | −$740,403 | −$470,299 | −$916,603 | −$987,519 | −$799,019 |
| Income taxes | $95,000 | $372,000 | −$18.4M | $18.2M | −$58,512 | — | — | — | — | — | — | — |
| Net income | −$11.4M | $115.2M | −$106.6M | $283.6M | −$5.8M | −$1.1M | −$1.0M | −$740,403 | −$470,299 | −$916,603 | −$987,519 | −$799,019 |
| EBITDA | −$5.8M | $116.0M | −$4.4M | $90.0M | −$5.5M | −$1.1M | −$1.0M | −$741,965 | −$472,498 | −$916,895 | −$961,055 | −$772,762 |
| EPS (diluted) | −$0.12 | — | — | $5.36 | −$6.94 | −$1.33 | −$1.29 | — | — | — | — | — |
| Gross margin | 25.2% | 29.8% | 24.0% | 95.7% | 30.6% | 5.4% | −41.9% | −18.0% | 10.2% | −68.6% | −116.5% | −11.4% |
| Operating margin | −82.9% | −604.3% | 1,220,938.0% | 77.1% | −74.9% | −150.5% | −245.4% | −191.1% | −27.1% | −393.9% | −396.4% | −88.3% |
| Net margin | −159.1% | 436.4% | −1,453.0% | 243.4% | −77.6% | −149.8% | −244.0% | −189.5% | −26.7% | −390.9% | −393.3% | −87.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BNC's financial statements (latest annual report filed March 16, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BNC financial results
In fiscal year 2025 (ended December 31, 2025), CEA Industries reported revenue of $132.1 million, up 4,611.2% from the year before. It had net income of $170.2 million, a net profit margin of 128.8%. Diluted earnings per share came to $3.20. Over five years revenue grew at an average rate of 73.0% a year.
See the BNC stock overview for the latest quote and news, or the BNC chart for price history and technical indicators.
BNC income statement FAQ
What is CEA Industries's annual revenue?
CEA Industries reported total revenue of $132.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 4,611.2% from $2.8 million the previous year.
Is CEA Industries profitable?
Yes. CEA Industries reported net income of $170.2 million in fiscal 2025, a net profit margin of 128.8%; its operating margin was 67,864.9%.
What is CEA Industries's gross margin?
CEA Industries's gross margin was 87.5% in fiscal 2025: for every $100 of revenue, CEA Industries kept $88 after the direct cost of its products and services.
How fast is CEA Industries growing?
Revenue grew 73.0% a year on average over the last five fiscal years, from $8.5 million to $132.1 million.
What are CEA Industries's earnings per share?
CEA Industries earned $3.20 per diluted share in fiscal 2025, compared with $-1.34 a year earlier.
When does CEA Industries's fiscal year end?
CEA Industries's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 16, 2026.