Every 10-Q that CEA Industries Inc. Warrant (BNCWZ) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BNCWZ and want that one kind of document rather than the whole filing history, this is the page to keep. The company’s other filings, of every form, are on the full BNCWZ filings page.
A $304M BNB stash now dominates CEA Industries (BNC)
CEA Industries Inc. (BNC) reported for the quarter ended July 31, 2026 that it is now primarily a BNB-focused digital asset treasury business, with retail vape and industrial climate control operations as a secondary segment. Total revenue from these operating businesses was $7.2 million, generating gross profit of $2.0 million.
The company recorded a substantial unrealized loss on digital assets of $15.3 million, partly offset by a $10.0 million gain from the change in fair value of warrant liabilities, resulting in a net loss of $11.4 million. Digital assets, largely BNB, had a fair value of about $304.5 million and represented roughly 93% of total assets. Cash and cash equivalents increased to $7.1 million, but operating activities used $6.5 million of cash. The company entered into a $15.0 million BitGo collateralized loan facility secured by BNB with collateral of $25.9 million, and shareholders’ equity declined from $304.8 million to $289.4 million, reflecting the loss and common share repurchases.
[10-Q/A] CEA Industries Inc. Amended Quarterly Earnings Report
CEA Industries (BNC) restates EPS as it builds large BNB digital asset treasury
CEA Industries Inc. filed an amended quarterly report to restate earnings per share for the quarter and successor period ended October 31, 2025. Management determined the basic and diluted weighted-average share counts were understated, which caused EPS to be overstated.
For the three months ended October 31, 2025, weighted-average shares were understated by 2,214,508 and basic and diluted EPS were restated downward by $0.21 to $5.18 basic and $5.15 diluted. For the successor period from June 7 through October 31, 2025, basic shares were understated by 1,857,056 and diluted shares by 857,057, reducing both basic and diluted EPS by $0.45 to $8.02 basic and $7.98 diluted.
The company states the error affects only EPS calculations; revenue, net income, assets, liabilities, equity and cash flows are unchanged. Management links the error to an existing material weakness in internal control over financial reporting. As of October 31, 2025, the balance sheet shows $616.5 million in total assets, including $547.1 million of BNB and other digital assets, and shareholders’ equity of $484.9 million.
