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BNB Plus (BNBX) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 12, 2026
BNB Plus (BNBX) reported revenue of $565K for the first quarter fiscal 2026 (Q1 FY26), -35% from a year earlier and +184% from the quarter before.
BNB Plus, Q1 FY26: revenue $565K (-35% year over year), net loss $18.6M, operating cash flow −$5.5M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $565K | +184% | -35% |
| Operating profit | −$18.7M | — | — |
| Net earnings | −$18.6M | — | — |
| Operating cash flow | −$5.5M | — | — |
What changed
Revenue was $565K in Q1 FY26, down 35% year over year and up 184% from the previous quarter. Large Scale DNA Production was the largest line at 75% of revenue. Supply chain lost $609K year over year (down 84%), 200% of the total change.
Gross margin was 55.8%, down 13.9 points from a year earlier. Operating costs exceeded revenue by $18.7M, an operating margin of -3308.9%. Operating expenses grew 431% against a revenue fall of 35%. The fastest-growing cost line was SG&A (+420%). The quarter ended with a net loss of $18.6M, wider than the previous quarter's $5.4M loss. Minority interests bore $13K of it: to shareholders the quarter was a loss of $18.6M.
Operating cash flow was −$5.5M. Non-cash charges added back $49K of depreciation and amortization and $633K of share-based compensation. Working capital and other items added $12.4M.
Questions
What was BNB Plus' revenue in the first quarter fiscal 2026?
BNB Plus (BNBX) reported revenue of $565K for the first quarter fiscal 2026 (Q1 FY26), -35% from a year earlier and +184% from the quarter before.
Source: BNB Plus 10-Q on SEC EDGAR.