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BNB Standard (BNC) earnings and revenue breakdown

Latest: Q1 FY27 · 10-Q filed Sep 11, 2026 · BNB Standard (BNC) Q1 FY27 earnings results →

Q1 FY27 159¢ of every $1 of revenue lost · operating margin -296.3%

BNB Standard made $7.2M in Q1 FY27. Operating margin -296.3%, net loss $11.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 11, 2026.

Revenue$7.2M
Year over year—
Operating margin-296.3%
Net earnings−$11.4M
Operating cash flow−$6.5M

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 $7.2M in Q1 FY27, down 3% from the previous quarter.

Gross margin was 27.4%. Operating costs exceeded revenue by $21.2M, an operating margin of -296.3%. The quarter ended with a net loss of $11.4M, narrower than the previous quarter's $56.0M loss. Non-operating items added $9.9M, -88% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$6.5M. Non-cash charges added back $158K of depreciation and amortization and $67K of share-based compensation. Working capital and other items added $4.7M. Capital expenditures of $123K exceeded it, leaving free cash flow of −$6.6M.

Quarterly history

BNB Standard revenue by quarterBNB Standard revenue by quarter$417KQ3 FY25$713KQ4 FY25$7.1MQ2 FY26$7.3MQ3 FY26$7.2MQ1 FY27
BNB Standard net earnings by quarterBNB Standard net earnings by quarter−$1.0MQ3 FY25−$1.1MQ4 FY25$284MQ2 FY26−$107MQ3 FY26−$11.4MQ1 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q1 FY2710-QSep 11, 2026$7.2M—-296.3%−$11.4M−$6.5M
Q3 FY2610-QMar 16, 2026$7.3M—n/m−$107M−$8.0M
Q2 FY2610-QDec 15, 2025$7.1M—n/m$284M—
Q4 FY2510-QMay 15, 2025$713K+204%-150.5%−$1.1M−$745K
Q3 FY2510-KMar 27, 2025$417K+66%-245.4%−$1.0M−$842K

Charts

BNB Standard: revenue growth, year over year and quarter over quarterBNB Standard: revenue growth, year over year and quarter over quarterY/YQ/Q+66%Q3 FY25+204%+71%Q4 FY25+400%Q2 FY26+3%Q3 FY26-2%Q1 FY27
Latest (Q1 FY27): Y/Y —, Q/Q -2%.
BNB Standard: profit against cash, quarter by quarterBNB Standard: profit against cash, quarter by quarterNet incomeOperating cash flow−$470K−$273KQ1 FY25−$740K−$1.0MQ2 FY25−$1.0M−$842KQ3 FY25−$1.1M−$745KQ4 FY25$284MQ2 FY26−$107M−$8.0MQ3 FY26−$56.0M$5.5MQ4 FY26−$11.4M−$6.5MQ1 FY27
Latest (Q1 FY27): Net income −$11.4M, Operating cash flow −$6.5M.

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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Customers and suppliers named in filings

Buys from

About BNB Standard

CEA Industries Inc. is the largest publicly-traded digital asset treasury ("DAT") focused exclusively on BNB, the native token of the BNB Chain ecosystem ("BNB Chain"). We seek to continue to build and manage the largest corporate treasury of BNB to provide institutional-grade exposure to BNB Chain and to generate income on our eligible BNB holdings through active treasury management, derivatives, or through new tokens or coins distributed by projects to a wide range of individuals in the crypto community ("Airdrops"). We may also generate returns through additional digital asset-related activities such as validation and staking services, lending, and other decentralized finance ("DeFi") protocols in the future, though we have not staked or pledged any BNB through April 30, 2026 aside from BNB pledged for our debt obligations.

In its own words, from its annual report, filed Jun 23, 2026.

BNB Standard against its Agricultural Services peers

The largest companies of the same SEC industry, each at its latest quarter. Operating margin: -296.3% against the peers' median 4.1%.

CompanyQuarterRevenueY/YOp. margin
BNC BNB StandardQ1 FY27$7.2M—-296.3%
BV BrightView HoldingsQ3 FY26$718M+1%4.5%
Davey Tree ExpertQ2 2026$519M+1%8.2%
AVO Mission ProduceQ3 FY26$450M+26%0.1%
RYM RythmQ3 2026$23.9M+490%4.1%
GGROU Golden Growers CooperativeQ2 2026$14.9M-8%9.7%
CVAT Cavitation TechnologiesQ3 FY26$3K-98%n/m

Source: BNB Standard 10-Q on SEC EDGAR · CIK 1482541 · Agricultural Services

13F: who owns BNC and who is buying

Largest holders of BNC (13F)Largest holders of BNC (13F)Vanguard Group$13.8MVanguard Capital Management LLC$5.2MBrevan Howard Capital Management …$4.1MSaba Capital Management, L.P.$3.3MBlackRock$2.1MGeode Capital Management, LLC$1.3MUBS Group AG$1.0MArrington Capital Management, LLC$872KMillennium Management LLC$807KVanguard Fiduciary Trust$706K
Funds' net buying of BNC by quarter (13F)Funds' net buying of BNC by quarter (13F)−$21K2024-09$99K2024-12$73K2025-03$308K2025-06$44.9M2025-09−$9.1M2025-12$3.2M2026-03−$1.3M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on BNC

History

Every quarter: Q1 FY27 results · Q3 FY26 results · Q2 FY26 results · Q4 FY25 results · Q3 FY25 results

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中文版:BNB Standard(BNC)财报

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