)
Visual
earnings real time
CEA Industries (BNC) investor relations material
CEA Industries Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary16 Dec, 2025
Executive summary
Completed a strategic transformation to a digital asset treasury model focused on Binance Coin (BNB), including a $500M private placement and rebranding to BNC, with the goal to own 1% of BNB's total supply by year-end 2025.
Accumulated over 500,000 BNB tokens, establishing the world's largest BNB treasury.
Acquired Fat Panda, a leading Canadian vape retailer, expanding vertically into regulated consumer markets and e-commerce.
Strengthened governance with new independent directors and launched an investor dashboard for transparency.
Changed Nasdaq ticker to BNC, reflecting the new digital asset focus, while maintaining legacy operations in climate control systems and retail.
Financial highlights
Net income for the quarter ended October 31, 2025, was $283.6M, up from $0.3M year-over-year, driven by a $114M unrealized gain on digital assets and a $206.8M gain on warrant liability revaluation.
Revenue for the quarter was $7.1M, down 4% year-over-year, primarily due to discontinuation of a product line.
Gross profit for the quarter was $2.1M, with a gross margin of 29%.
Operating income reached $89.8M, compared to $0.4M in the prior year.
Repurchased 1.8M shares for $11.3M, averaging $6.27 per share.
Outlook and guidance
Management expects continued volatility in results due to BNB price fluctuations and digital asset market risks.
Plans to continue disciplined execution of its digital asset treasury strategy, aiming to own 1% of total BNB supply.
Will pursue further BNB acquisitions and opportunistic share repurchases.
Backlog increased to $902,000, with significant uncertainty regarding timing and realization of revenue.
Strategy to achieve 1% BNB supply goal?
Impact of full $1.25B warrant exercise?
Core earnings excluding warrant liability gain?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
CEA Industries Inc. provides engineering, design, and technology solutions for controlled environment agriculture (CEA) facilities. The company specializes in offering environmental control and air handling systems that optimize growing conditions for indoor farming and horticulture operations. Its services include custom design, installation, and maintenance of systems aimed at improving energy efficiency and crop yields for clients in the commercial agriculture sector. The company is headquartered in Louisville, Colorado, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage