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CEA Industries Inc. BNC BNB Treasury Management — Management Fees

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PS
PSBase Management Fee — Management Fees Gross
$3.79M

Other financials

Income statement

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Revenue$26.4M-5.7%
Gross profit$7.9M-21.1%
Operating income-$159.6M-14,760%
Net income$115.2M+20,118%
EPS (diluted)$2.52-99.4%

Balance sheet

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Cash & equivalents$3.1M+42.4%
Total debt$2.5M+955%
Total equity$304.8M+3,613%
Total assets$337.8M+3,636%

Cash flow

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Operating cash flow-$26.6M-3,471%
CapEx$9.0K
Free cash flow-$26.6M

Valuation

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Market cap$96.76M-90.9%
Enterprise value$96.22M-85.3%
P/E0.3×
P/S2.2×-21.2×

Profitability

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Gross margin28.9%-11.6pp
Operating margin-547.1%-554pp
Net margin667.2%+661pp
FCF margin-27.7%

Returns & leverage

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Return on equity186.8%+163pp
Debt / equity0.0×
Current ratio1.2×-7.0×

Where this comes from

Reported directly by CEA Industries Inc. in its filing.

Tagged under the XBRL concept BNCWW:ManagementFees.

The source filing: CEA Industries Inc.’s 10-Q, filed March 16, 2026.

Filed
Mar 16, 2026, 4:55 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q2 2026
Accession
0001493152-26-010296
Line itemCEA Industry Segment (Successor) / Period from June 7, 2025 to January 31, 2026 / Retail and Industry Segment (Successor)BNB Treasury Management Segment / Period from June 7, 2025 to January 31, 2026Corporate / Period from June 7, 2025 to January 31, 2026Total Consolidated / Period from June 7, 2025 to January 31, 2026CEA Industry Segment (Predecessor) (2) / Period from May 1, 2025 to June 6, 2025 / CEA Industry Segment (Predecessor)
Other income from airdrop-7,093,030-7,093,030-
Advertising and marketing expenses(228,930)-(4,782,023)(5,010,953)(63,202)
Compensation expenses(3,484,911)(245,000)(401,685)(4,131,596)(431,340)
Asset management fees-(3,811,936)-(3,811,936)-
Professional and contractor fees(2,302,395)(224,925)(5,417,556)(7,944,876)(135,359)
Stock-based compensation(33,572)-(26,648)(60,220)-
Other segment expenses (1)(2,081,302)(382,004)(16,187,254)(18,650,560)(275,650)
Gain from change in fair value of warrant liabilities--244,879,854244,879,854-

Item 1. Financial Statements (Unaudited) ITEM

FAQ

What is CEA Industries Inc.'s BNB treasury management — management fees?
CEA Industries Inc. (BNC) reported BNB treasury management — management fees of -$3.81M in Q4 2025.
What does BNB treasury management — management fees mean?
Represents the revenue generated from fees charged for managing treasury assets or providing financial services to clients. This is a key performance indicator for the segment's service-based revenue model, reflecting the demand for its financial expertise. Consistent growth in management fees suggests successful client acquisition and retention within the treasury management division.

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