CEA Industries Inc.
Business
CEA Industries Inc. is a digital asset treasury company focused on accumulating and managing BNB, the native token of the BNB Chain blockchain ecosystem, to provide institutional-grade exposure and generate income through treasury management, airdrops, and potential staking or DeFi activities. The company also operates a retail vaping business (Fat Panda) and a legacy industrial climate control systems business for controlled environment agriculture. The company serves crypto investors seeking public-market BNB exposure and retail vaping customers in Central Canada.
Summary from 10-K filed 2026-06-23
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2026 2026-04-30 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 26 | 3 | 7 | 11 | 14 | |
| Cost of revenue | 19 | 3 | 6 | 10 | 11 | |
| Gross profit | 8 | −219,624 | 542,079 | 1 | 3 | |
| Management fees to affiliate | 5 | — | — | — | — | |
| Selling, general and administrative expenses | 26 | 3 | 3 | 5 | 4 | |
| Shareholder advisory expenses | 5 | — | — | — | — | |
| Unrealized loss on digital assets | 130 | — | — | — | — | |
| Realized loss on digital assets | 1 | — | — | — | — | |
| Other affiliate operating expenses | 558,000 | — | — | — | — | |
| Total operating expenses | 167 | 3 | 3 | 7 | 5 | |
| Operating income (loss) | −160 | −3 | −3 | −6 | −2 | |
| Airdrop income | 8 | — | — | — | — | |
| Gain on change in fair value of warrant liability | 283 | — | — | — | — | |
| PIPE Transaction costs | −15 | — | — | — | — | |
| Business combination expenses | −970,000 | — | — | — | — | |
| Other income (expense), net | 18,000 | — | 7,778 | 191,358 | 627,592 | |
| Total other income (loss), net | 274 | 26,141 | 41,594 | 226,672 | 640,592 | |
| Income before income tax expense (benefit) | 115 | −3 | −3 | −5 | −1 | |
| Income tax expense (benefit) | −372,000 | — | — | — | — | |
| Net income | 115 | −3 | −3 | −5 | −1 | |
| Foreign currency translation adjustment | 59,000 | — | — | — | — | |
| Total comprehensive income | 115 | — | — | — | — | |
| Basic (in usd per share) | 2.52 | −4.22 | −4.33 | −0.84 | −2.33 | |
| Diluted (in usd per share) | 2.52 | −4.22 | −4.33 | −0.84 | — | |
| Basic (in shares) | 46 | 745,038 | 672,936 | 7 | 2 | |
| Diluted (in shares) | 46 | 745,038 | 672,936 | 7 | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2026 2026-04-30 | FY 2025 2025-07-31 | FY 2025 2025-05-31 | FY 2025 2025-04-30 | FY 2024 2024-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 3 | 410 | — | 2 | 9 | |
| Inventory, net | 4 | — | — | 3 | 25,980 | |
| Other current assets | 3 | — | — | — | — | |
| Total current assets | 10 | — | — | — | 10 | |
| Digital assets, net of current portion | 317 | — | — | — | — | |
| Intangible assets, net | 5 | — | — | — | 1,830 | |
| Goodwill | 4 | — | 0 | — | — | |
| Other non-current assets | 2 | — | — | — | — | |
| Total non-current assets | 328 | — | — | — | 267,545 | |
| Total Assets | 338 | — | 9 | 9 | 10 | |
| Accounts payable and accrued expenses | 5 | — | — | — | 550,477 | |
| Current portion of operating lease liability | 670,000 | — | — | 529,000 | 135,651 | |
| Related party note payable | 1 | — | — | — | — | |
| Other current related party liabilities | 365,000 | — | — | — | — | |
| Total current liabilities | 9 | — | — | — | 1 | |
| Warrants | 22 | — | — | — | — | |
| Related party note payable | 753,000 | — | — | — | — | |
| Other non-current liabilities | 2 | — | — | — | — | |
| Total non-current liabilities | 24 | — | — | — | 134,147 | |
| Total liabilities | 33 | — | — | — | 1 | |
| Commitments and contingencies (Note []) | — | — | — | — | — | |
| Preferred stock $0.00001 par value; [] authorized; none issued and outstanding | 0 | — | — | — | — | |
| Common stock, par value, authorized, shares issued and outstanding | 0 | — | — | — | 8 | |
| Additional paid-in capital | 231 | — | — | — | 50 | |
| Retained earnings | 73 | — | — | — | −40 | |
| Accumulated other comprehensive income (loss) | 59,000 | — | — | — | — | |
| Total shareholders equity | 305 | — | 8 | — | 9 | |
| Total Liabilites and Shareholders' Equity | 338 | — | — | — | 10 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2026 2026-04-30 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 870,000 | — | — | — | — | |
| Equity-based compensation | 77,000 | 82,457 | 187,615 | 307,736 | 369,214 | |
| Non-cash income from airdrops | −8 | — | — | — | — | |
| Deferred tax liabilities | −798,000 | — | — | — | — | |
| Unrealized loss on digital assets | 130 | — | — | — | — | |
| Other, net | 229,000 | — | — | — | — | |
| Accounts receivable | 189,000 | 45,831 | −13,950 | 231,504 | −162,808 | |
| Income taxes payable | 952,000 | — | — | — | — | |
| Inventory | −431,000 | 243,435 | −69,784 | 50,387 | −49,551 | |
| Prepaid expenses | 851,000 | −54,953 | 1 | −216,202 | −235,897 | |
| Accounts payable and accrued liabilities | 1 | −74,247 | −582,534 | −175,409 | −476,450 | |
| Lease liabilities | 0 | −116,553 | −108,735 | −91,279 | −259,475 | |
| Deferred revenue | −373,000 | — | — | — | — | |
| Royalty | 0 | — | — | — | — | |
| Related parties | 0 | — | — | — | — | |
| Net cash provided by (used in) operating activities | −27 | −3 | −6 | −3 | −3 | |
| Cash paid for acquisition of Fat Panda | −11 | — | — | — | — | |
| Purchase of digital assets | −381 | — | — | — | — | |
| Sale of digital assets | 4 | — | — | — | — | |
| Purchases of property and equipment | −9,000 | — | — | −30,348 | −68,657 | |
| Net cash used in investing activities | −388 | — | 200 | −28,098 | −57,157 | |
| Proceeds from notes payable | 4 | — | — | — | 514,200 | |
| Proceeds from issuance of common stock and warrants in PIPE offering | 434 | — | — | — | — | |
| Issuance cost of common stock and warrants in PIPE offering | −24 | — | — | — | — | |
| Proceeds from issuance of common stock | 13 | — | — | — | — | |
| Repurchase of shares | −17 | — | — | — | — | |
| Repayments from notes payable | −4 | — | — | — | — | |
| Net cash provided by financing activities | 406 | — | — | 20 | 3 | |
| Net increase (decrease) in cash and cash equivalents | −9 | — | — | — | — | |
| Effect of exchange rate changes on cash and cash equivalents | 129,000 | — | — | — | — | |
| Cash paid for interest | 647,000 | — | — | — | — | |
| Cash paid for income taxes | 0 | — | — | — | — | |
| Issuance of common stock to acquire Fat Panda | −314,000 | — | — | — | — | |
| Accrued share repurchase liability | −480,000 | — | — | — | — | |
| CRA indemnity note | 365,000 | — | — | — | — | |
| Issuance of related party notes for Fat Panda acquisition | 1 | — | — | — | — | |
| In-kind digital assets contribution received against issuance of equity and warrants in PIPE offerings | 66 | — | — | — | — | |
| In-kind digital assets acquired from PIPE offerings proceeds | −66 | — | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is CEA Industries Inc.'s CIK number?
CEA Industries Inc.'s SEC CIK number is 0001482541 (1482541). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find CEA Industries Inc.'s SEC filings?
All of CEA Industries Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did CEA Industries Inc. last report earnings?
CEA Industries Inc. (BNCWZ) most recently filed an earnings 8-K with the SEC on Jun 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001482541-26-000021). This is CEA Industries Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is CEA Industries Inc.'s most recent earnings 8-K?
CEA Industries Inc.'s latest earnings 8-K (Item 2.02) was filed Jun 23, 2026 under accession 0001482541-26-000021. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View CEA Industries Inc.'s latest earnings 8-K →
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