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CEA Industries
(NASDAQ:BNC)
CEA Industries (BNC) vs. SPDR S&P 500 ETF (SPY)
CEA Industries Business Overview & Revenue Model
CEA Industries Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 125.16M | 2.80M | 6.91M | 11.28M | 13.64M | 8.51M |
| Gross Profit | 113.63M | -219.62K | 542.08K | 1.14M | 2.93M | 1.55M |
| EBITDA | 82.35M | -3.15M | -2.82M | -5.06M | -1.91M | -1.43M |
| Net Income | 275.73M | -3.15M | -2.91M | -5.50M | -1.34M | -1.76M |
Balance Sheet | ||||||
| Total Assets | 616.46M | 10.36M | 13.77M | 21.03M | 5.28M | 4.81M |
| Cash, Cash Equivalents and Short-Term Investments | 32.54M | 9.45M | 12.51M | 18.64M | 2.16M | 2.28M |
| Total Debt | 7.57M | 269.80K | 386.35K | 495.09K | 586.37K | 435.22K |
| Total Liabilities | 131.58M | 1.16M | 1.51M | 6.13M | 4.89M | 6.15M |
| Stockholders Equity | 484.89M | 9.20M | 12.26M | 14.90M | 389.47K | -1.33M |
Cash Flow | ||||||
| Free Cash Flow | 254.64M | -3.06M | -6.13M | -3.22M | -3.28M | 808.70K |
| Operating Cash Flow | 265.28M | -3.06M | -6.13M | -3.19M | -3.21M | 818.04K |
| Investing Cash Flow | -30.39M | 0.00 | 200.00 | -28.10K | -57.16K | -9.33K |
| Financing Cash Flow | 3.91M | 0.00 | 0.00 | 19.70M | 3.14M | 554.00K |
CEA Industries Technical Analysis
CEA Industries Risk Analysis
CEA Industries Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $386.06M | 81.12 | 3.32% | ― | -8.98% | -38.23% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | $421.35M | 44.67 | 6.31% | ― | 7.02% | ― | |
57 Neutral | $243.23M | -1.54 | -87.97% | ― | 389.24% | 22.61% | |
48 Neutral | $138.52M | 362.28 | 0.64% | 1.11% | 16.80% | -98.32% | |
47 Neutral | $355.21M | -15.24 | -16.33% | ― | 17.16% | 24.10% | |
41 Neutral | $177.49M | -1.92 | -84.16% | ― | -9.10% | 21.10% |
CEA Industries Corporate Events
On December 30, 2025, CEA Industries director Russell Read notified the board that he would resign effective January 1, 2026, after accepting a new role that prohibits service on external boards; the company stated his departure was not related to any disagreement over its operations, policies, or practices. Read and Chairman and President Tony McDonald highlighted his contributions in analytical rigor and capital markets expertise and reiterated confidence in the company’s digital treasury strategy focused on BNB, while the board signaled its intention to fill the vacancy through its ongoing search for an independent director, aiming to maintain strong governance and oversight for shareholders.
The most recent analyst rating on (BNC) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on CEA Industries stock, see the BNC Stock Forecast page.
On December 26, 2025, CEA Industries Inc.’s board adopted a stockholder rights agreement and declared a dividend of one right for each outstanding common share and a corresponding number of rights tied to certain warrants, with each right enabling the purchase of a fraction of a newly designated Series C Junior Participating Preferred Share at a set exercise price. The move, announced in a December 28, 2025 press release, was implemented in response to the formation of the YZi Labs Group, which reported owning 7% of the common stock with warrants that could increase its stake to as much as 34.2% on a diluted basis, and is designed as a defensive measure to deter any investor from accumulating 15% or more of the company’s stock without board approval while not blocking consent solicitations or board-approved M&A. The rights plan includes typical “flip-in” and “flip-over” provisions that significantly dilute an acquiring person exceeding the threshold, while allowing the board to redeem or exchange the rights under certain conditions, and is set to expire no later than December 26, 2026. In connection with the rights plan, the board also approved a Certificate of Designation for 200,000 shares of Series C Junior Participating Preferred Stock, which was filed with the Nevada Secretary of State and became effective on December 29, 2025, establishing the terms of the preferred shares that underpin the new rights.
The most recent analyst rating on (BNC) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on CEA Industries stock, see the BNC Stock Forecast page.
On December 26, 2025, CEA Industries’ board adopted Amended and Restated Bylaws and a limited-duration stockholder rights plan in response to the emergence of the YZi Labs Group, a shareholder bloc that has filed a preliminary consent statement and nominated seven directors in an effort to gain control of the company. YZi Labs and its group currently hold 7% of CEA’s outstanding common stock but also possess significant in-the-money and out-of-the-money warrants that could raise their ownership to as much as 34.2% on a diluted basis, prompting the board to introduce defensive measures designed to ensure any change of control includes an appropriate premium for all investors and that consent solicitations are orderly and transparent. The rights plan, effective for one year from December 26, 2025, issues one right per existing share (and certain warrants) and is triggered if an unapproved holder crosses a 15% ownership threshold, enabling other shareholders to buy stock at a steep discount and diluting the acquirer, while grandfathering current large positions such as the YZi Labs Group unless they increase their stake. The amended bylaws also tighten procedures for stockholder written consents, special meetings, and director nominations—including detailed advance notice and disclosure requirements, mandatory board interview availability for director candidates, and Nevada exclusive-forum provisions—bringing CEA’s governance framework more in line with common public-company practice and potentially making activist campaigns more procedurally demanding while aiming to protect the interests of the broader shareholder base.
The most recent analyst rating on (BNC) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on CEA Industries stock, see the BNC Stock Forecast page.
On December 4, 2025, CEA Industries reaffirmed its commitment to the BNB token and its strategy to become the world’s largest BNB treasury company, despite recent communications from YZi Labs proposing changes to the company’s board. The company has strengthened its board with new independent directors and is engaging with shareholders, including YZi, to address concerns and build long-term shareholder value.
The most recent analyst rating on (BNC) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on CEA Industries stock, see the BNC Stock Forecast page.
On November 26, 2025, CEA Industries Inc. expanded its Board of Directors from five to six members, appointing Annemarie Tierney as an independent director. Ms. Tierney, who brings extensive experience from her roles at Liquid Advisors Inc., Templum, Inc., and other notable financial institutions, will also serve on the Audit and Nominating & Governance Committees. Her appointment is expected to enhance the company’s strategic direction and governance, potentially impacting its operations and stakeholder relationships positively.
The most recent analyst rating on (BNC) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on CEA Industries stock, see the BNC Stock Forecast page.
On November 19, 2025, CEA Industries announced the launch of its Treasury Dashboard, which provides a consolidated view of its BNB holdings and related operating metrics. The dashboard, part of the company’s strategy for transparent asset management, reports 515,054 BNB in total holdings. Additionally, the company updated on its stock repurchase program, having repurchased 1,170,306 shares since September 22, 2025, and sold 856,275 shares through an at-the-market offering since August 25, 2025. These actions reflect CEA’s commitment to disciplined asset management and enhancing shareholder value.
The most recent analyst rating on (BNC) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on CEA Industries stock, see the BNC Stock Forecast page.
On October 21, 2025, CEA Industries announced it has acquired a total of 500,000 BNB tokens, with an average acquisition cost of approximately $870 per BNB, totaling an investment of $435 million. This acquisition positions the company as the world’s largest BNB treasury holder, moving closer to its goal of owning 1% of the total BNB supply by the end of 2025. The announcement comes amid a surge in institutional interest and real-world adoption of BNB, with significant developments such as Coinbase considering BNB for full platform support and China Merchants Bank International tokenizing its USD money market fund on the BNB Chain. Additionally, CEA Industries has strengthened its leadership team with the appointments of Carly E. Howard and Jon Najarian, enhancing its governance and market presence as it scales its digital asset treasury operations.
The most recent analyst rating on (BNC) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on CEA Industries stock, see the BNC Stock Forecast page.