What is BNC's gross margin?

BNC (BNC) reported gross margin of 28.9% in Q1 2026.

How has BNC's gross margin changed year-over-year?

BNC's gross margin decreased by 28.7% year-over-year, from 40.5% to 28.9%.

What is the long-term trend for BNC's gross margin?

Over 4 years (2021 to 2026), BNC's gross margin has grown at a 12.2% compound annual growth rate (CAGR), from 18.2% to 28.9%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

BNC BNC Gross margin

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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$112.24M-72.3%

Enterprise value$111.7M—

P/E0.4×—

P/S2.6×—

Profitability

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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 / equity0×0.0×

Current ratio1.2×-7.0×

Where this comes from

Calculated from BNC’s reported figures.

gross profit/total revenue=28.9%

Based on trailing twelve months.

The official record: BNC’s 10-K, filed June 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is BNC's gross margin?: BNC (BNC) reported gross margin of 28.9% in Q1 2026.
How has BNC's gross margin changed year-over-year?: BNC's gross margin decreased by 28.7% year-over-year, from 40.5% to 28.9%.
What is the long-term trend for BNC's gross margin?: Over 4 years (2021 to 2026), BNC's gross margin has grown at a 12.2% compound annual growth rate (CAGR), from 18.2% to 28.9%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.