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BNB Plus (BNBX) earnings and revenue breakdown

Latest: Q3 FY26 · 10-Q filed Aug 13, 2026 · BNB Plus (BNBX) Q3 FY26 earnings results →

Q3 FY26 Revenue up 99% year over year to $605K · 773¢ of every $1 of revenue lost · operating margin -535.4%

BNB Plus made $605K in Q3 FY26 (+99% Y/Y): Product revenues $586K, Service revenues $20K. Operating margin -535.4%, net loss $4.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.

Revenue$605K
Year over year+99%
Operating margin-535.4%
Net earnings−$4.7M
Operating cash flow−$983K

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $605K in Q3 FY26, up 99% year over year and down 41% from the previous quarter. Product revenues was the largest line at 97% of revenue. Product revenues added $390K year over year (up 200%), 130% of the total change. Service revenues declined 82%.

Gross margin was 73.9%, up 72.2 points from Q3 FY25. Operating costs exceeded revenue by $3.2M, an operating margin of -535.4%. Operating expenses fell 0% while revenue rose 99%. The quarter ended with a net loss of $4.7M, narrower than the previous quarter's $6.7M loss.

Operating cash flow was −$1.0M. Non-cash charges added back $30K of depreciation and amortization and $227K of share-based compensation. Working capital and other items added $3.4M.

Quarterly history

BNB Plus revenue by quarterBNB Plus revenue by quarter$813KQ4 FY24$983KQ2 FY25$304KQ3 FY25$199KQ4 FY25$565KQ1 FY26$1.0MQ2 FY26$605KQ3 FY26
BNB Plus net earnings by quarterBNB Plus net earnings by quarter−$3.3MQ4 FY24−$3.3MQ2 FY25−$4.0MQ3 FY25−$5.4MQ4 FY25−$18.6MQ1 FY26−$6.7MQ2 FY26−$4.7MQ3 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 FY2610-QAug 13, 2026$605K+99%-535.4%−$4.7M−$983K
Q2 FY2610-QMay 15, 2026$1.0M+34%-659.2%−$6.7M−$2.0M
Q1 FY2610-QFeb 12, 2026$565K-35%n/m−$18.6M−$5.5M
Q4 FY2510-KDec 22, 2025$199K-59%n/m−$5.4M−$3.1M
Q3 FY2510-QAug 14, 2025$304K-36%n/m−$4.0M−$2.6M
Q2 FY2510-QMay 15, 2025$983K+6%-343.5%−$3.3M−$3.2M
Q4 FY2410-KDec 17, 2024$813K+4%-398.3%−$3.3M−$3.2M

Charts

BNB Plus: revenue growth, year over year and quarter over quarterBNB Plus: revenue growth, year over year and quarter over quarterY/YQ/Q+4%Q4 FY24+6%+21%Q2 FY25-36%-69%Q3 FY25-59%-34%Q4 FY25-35%+184%Q1 FY26+34%+81%Q2 FY26+99%-41%Q3 FY26
Latest (Q3 FY26): Y/Y +99%, Q/Q -41%.
BNB Plus: where the cash came from (+) and went (−), TTM to Q3 FY26BNB Plus: where the cash came from (+) and went (−), TTM to Q3 FY26Other financing$13.0MOperating cash flow−$11.7MOther investing−$3.0MCash drawn (+) / kept (−)$1.7MNot reconciled−$90K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
BNB Plus: profit against cash, quarter by quarterBNB Plus: profit against cash, quarter by quarterNet incomeOperating cash flow−$3.3M−$3.2MQ4 FY24−$2.7M−$3.3MQ1 FY25−$3.3M−$3.2MQ2 FY25−$4.0M−$2.6MQ3 FY25−$5.4M−$3.1MQ4 FY25−$18.6M−$5.5MQ1 FY26−$6.7M−$2.0MQ2 FY26−$4.7M−$983KQ3 FY26
Latest (Q3 FY26): Net income −$4.7M, Operating cash flow −$983K.
BNB Plus: diluted shares by fiscal year (split-adjusted)BNB Plus: diluted shares by fiscal year (split-adjusted)8MFY207MFY219MFY221MFY230MFY241MFY25
-93.4% since FY20: buybacks shrank the count; earlier years scaled for the 2-for-1 split before FY21.
BNB Plus in its industry: growth against margin (84 companies, SIC 6199)BNB Plus in its industry: growth against margin (84 companies, SIC 6199)revenue growth, year over year →↑ operating marginmedian +17%median -17%AXPBTGOGeneral Motors Financial Company, Inc.SOFICOINCRCLCHYMGDOTBKKTRHLDPGYUPSTLDIWDPWPOPRTCORZIRENDAVERIOTMARABURCPSSMSTRVELOPFIWLTHCLSKSNFCAHIVEWULFProsper Marketplace, IncHUTABTCMFINGPGIIONDBMNRBCGGEMIStartEngine Inc.NAKABTBTWYFIKEELCIFREXODGHIMGTESLNHTONXZSTKSBETFWDIMGLDBGDEDGXXATCHFLDVIPDFDVAGPUUPXIDRKAVXHSDTBTCSPWCMORBSSHFSOPNWTRONMVNCMinistry Partners Investment Company, LLCPAPLMWAICDSUIGFGCEMPDTAOXGSMTHSCSBNBX (+99%, -100%)
Finance Services; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About BNB Plus

We are a digital asset treasury (“DAT”) company that has adopted BNB, the native cryptocurrency of the Binance blockchain ecosystem as our primary reserve asset. By using proceeds from financings, as well as potential cashflow from our operations, we seek to strategically accumulate BNB and utilize the accumulated BNB as a productive treasury asset to produce yield via Binance native and other decentralized (DeFi) finance opportunities. In addition, via our LineaRx, Inc. subsidiary (“LineaRx”), we are commercializing proprietary nucleic acid production solutions for the biopharmaceutical and diagnostics markets.

In its own words, from its 10-K, filed Dec 22, 2025.

BNB Plus against its Finance Services peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +99% against the peers' median +18%. Operating margin: -535.4% against the peers' median 5.1%.

CompanyQuarterRevenueY/YOp. margin
BNBX BNB PlusQ3 FY26$605K+99%-535.4%
AXP American ExpressQ3 2026$20.1B+9%22.6%
BTGO Bitgo HoldingsQ2 FY27$4.3B+80%-0.4%
General Motors Financial CompanyQ3 2026$4.3B-0.6%15.3%
SOFI SoFi TechnologiesQ3 2026$1.4B+44%22.9%
COIN Coinbase GlobalQ3 2026$1.2B-35%5.1%
CRCL Circle Internet GroupQ3 2026$865M+17%24.1%
CHYM Chime FinancialQ3 2026$718M+32%4.8%
GDOT Green DOTQ2 2026$596M+18%-0.1%

Source: BNB Plus 10-Q on SEC EDGAR · CIK 744452 · Finance Services

13F: who owns BNBX and who is buying

Largest holders of BNBX (13F)Largest holders of BNBX (13F)Galaxy Group Investments LLC$231KIntrinsic Edge Capital Management…$108KVanguard Group$21KCitadel Advisors LLC$18KGeode Capital Management, LLC$12KSusquehanna International Group, …$10KVanguard Fiduciary Trust$6KTwo Sigma Securities, LLC$6KVirtu Financial LLC$5KUBS Group AG$4K
Funds' net buying of BNBX by quarter (13F)Funds' net buying of BNBX by quarter (13F)$187K2025-06−$4K2025-09$174K2025-12$252K2026-03−$55K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on BNBX

History

Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results

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中文版：BNB Plus（BNBX）财报

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