What is BNC's warrants?

BNC (BNC) reported warrants of $22.03M in Q1 2026.

What does warrants mean?

This represents the fair value of outstanding warrants that are classified as liabilities rather than equity, typically due to settlement provisions. It captures the potential future dilution or cash settlement obligations associated with these derivative instruments. Analyzing this liability is critical for understanding the company's long-term financial risk and the potential impact of warrant exercises on the capital structure.

BNC BNC Warrants

Warrants at other companies

Domo, Inc.DOMO

$9.25M-17.5%

Archer AviationACHR

$7.1M-85.1%

SLD

Solid PowerSLDP

$4.24M+48.5%

SatellogicSATL

$31.64M+112%

Rapid Micro BiosystemsRPID

$116K—

Energy Vault HoldingsNRGV

$15.35M+767,400%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow-$26.6M-3,471%

CapEx$9.0K—

Free cash flow-$26.6M—

Valuation

See full

Market cap$112.24M-72.3%

Enterprise value$111.7M—

P/E0.4×—

P/S2.6×—

Profitability

See full

Gross margin28.9%-11.6pp

Operating margin-547.1%-554pp

Net margin667.2%+661pp

FCF margin-27.7%—

Returns & leverage

See full

Return on equity186.8%+163pp

Debt / equity0×0.0×

Current ratio1.2×-7.0×

Where this comes from

Reported directly by BNC in its filing.

Tagged under the XBRL concept bncww:WarrantsLiabilityNoncurrent.

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 warrants?: BNC (BNC) reported warrants of $22.03M in Q1 2026.
What does warrants mean?: This represents the fair value of outstanding warrants that are classified as liabilities rather than equity, typically due to settlement provisions. It captures the potential future dilution or cash settlement obligations associated with these derivative instruments. Analyzing this liability is critical for understanding the company's long-term financial risk and the potential impact of warrant exercises on the capital structure.