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CEA Industries (CEAD) Financials

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$2.91 +0.14 (+5.05%)
As of 07/10/2026
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Annual Income Statements for CEA Industries

Annual Income Statements for CEA Industries

This table shows CEA Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 -2.99 -5.30 -3.27 -4.92 -4.74 -1.34 -1.76 -3.69 -5.97 -2.91 -3.15
Consolidated Net Income / (Loss)		 -2.99 -5.30 -3.27 -4.92 -4.74 -1.34 -1.76 -1.34 -5.50 -2.91 -3.15
Net Income / (Loss) Continuing Operations		 -2.97 -5.30 -3.27 -4.92 -4.74 -1.34 -1.76 -1.34 -5.50 -2.91 -3.15
Total Pre-Tax Income 		-2.97 -5.30 -3.27 -4.92 -4.74 -1.34 -1.76 -1.34 -5.50 -2.91 -3.15
Total Operating Income		 -3.19 -3.11 -0.53 -4.24 -4.82 -1.31 -2.36 -1.98 -5.72 -2.95 -3.17
Total Gross Profit		 0.30 0.94 2.30 1.91 2.45 4.55 1.55 2.93 1.14 0.54 -0.22
Total Revenue		 1.84 7.87 7.58 7.21 9.58 15 8.51 14 11 6.91 2.80
Operating Revenue		 1.84 7.87 7.58 7.21 9.58 15 8.51 14 11 6.91 2.80
Total Cost of Revenue		 1.53 6.92 5.28 5.30 7.13 11 6.96 11 10 6.37 3.02
Operating Cost of Revenue		 1.53 6.92 5.28 5.30 7.13 11 6.96 11 10 6.37 3.02
Total Operating Expenses		 3.50 4.05 2.84 6.15 7.27 5.86 3.92 4.90 6.87 3.50 2.95
Selling, General & Admin Expense		 2.94 3.04 2.20 5.21 5.97 4.66 3.10 3.66 4.76 3.15 2.94
Marketing Expense		 0.24 0.31 0.29 0.63 0.98 0.68 0.43 0.77 1.16 0.27 0.02
Research & Development Expense		 0.32 0.71 0.35 0.32 0.32 0.52 0.39 0.47 0.32 0.08 0.00
Total Other Income / (Expense), net		 0.22 -2.18 -2.74 -0.68 0.08 -0.03 0.60 0.64 0.23 0.04 0.03
Interest Expense		 0.83 3.17 2.24 0.75 0.00 0.00 0.02 0.00 -0.04 -0.03 -0.03
Other Income / (Expense), net		 1.05 0.99 -0.50 0.07 0.08 -0.03 0.62 0.64 0.19 0.01 0.00
Income Tax Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Basic Earnings per Share		 ($0.03) ($0.04) ($0.02) ($0.03) ($0.02) ($0.01) ($1.12) ($2.33) ($0.84) ($4.33) ($4.22)
Weighted Average Basic Shares Outstanding		 100.69M 119.97M 140.60M 182.86M 218.75M 227.66M 1.57M 1.58M 7.09M 672.94K 745.04K
Diluted Earnings per Share		 ($0.03) ($0.04) ($0.02) ($0.03) ($0.02) ($0.01) ($1.12) - ($0.84) ($4.33) ($4.22)
Weighted Average Diluted Shares Outstanding		 100.69M 119.97M 140.60M 182.86M 218.75M 227.66M 1.57M 1.58M 7.09M 672.94K 745.04K
Weighted Average Basic & Diluted Shares Outstanding		 100.69M 119.97M 140.60M 182.86M 218.75M 227.66M 1.57M 1.58M 8.08M 8.21M 802.35K

Quarterly Income Statements for CEA Industries

This table shows CEA Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 7/31/2024 10/31/2024 1/31/2025 10/31/2025 1/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -0.80 -0.99 -0.92 -0.47 -0.74 -1.02 6.96 0.29 0.77 284 -107
Consolidated Net Income / (Loss)		 -0.80 -0.99 -0.92 -0.47 -0.74 -1.02 0.00 0.29 0.77 284 -107
Net Income / (Loss) Continuing Operations		 -0.80 -0.99 -0.92 -0.47 -0.74 -1.02 6.96 0.29 0.77 284 -107
Total Pre-Tax Income 		-0.80 -0.99 -0.92 -0.47 -0.74 -1.02 0.00 0.38 0.96 302 -125
Total Operating Income		 -0.81 -1.00 -0.92 -0.48 -0.75 -1.02 0.00 0.38 0.96 90 -164
Total Gross Profit		 -0.10 -0.29 -0.15 0.18 -0.07 -0.17 0.00 2.85 1.76 2.09 1.76
Total Revenue		 0.91 0.25 0.23 1.76 0.39 0.42 6.96 7.44 6.91 7.14 7.33
Operating Revenue		 0.91 0.25 0.23 1.76 0.39 0.42 6.96 7.44 6.91 7.14 7.33
Total Cost of Revenue		 1.02 0.54 0.39 1.58 0.46 0.59 0.00 4.59 5.15 5.05 5.57
Operating Cost of Revenue		 1.02 0.54 0.39 1.58 0.46 0.59 0.00 4.59 5.15 5.05 5.57
Total Operating Expenses		 0.70 0.71 0.77 0.66 0.68 0.85 0.00 2.47 0.80 -88 166
Selling, General & Admin Expense		 0.68 0.69 0.76 0.65 0.68 0.85 0.00 2.28 0.61 22 6.00
Marketing Expense		 0.02 0.02 0.01 0.00 0.00 0.00 0.00 0.18 0.19 4.66 0.28
Other Special Charges / (Income)		 - - - - - - - 0.00 0.00 -114 160
Total Other Income / (Expense), net		 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 212 39
Interest Expense		 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 - 0.00 0.00 0.39 0.16
Other Income / (Expense), net		 0.00 - - 0.00 0.00 - - 0.00 0.00 212 40
Income Tax Expense		 0.00 - 0.00 0.00 0.00 - 0.00 0.09 0.18 18 -18
Basic Earnings per Share		 ($1.19) ($1.47) ($1.34) ($0.66) ($0.94) ($1.37) $502.43 $206.82 $548.45 $5.18 ($1.92)
Weighted Average Basic Shares Outstanding		 673.03K 672.94K 684.33K 711.53K 791.58K 745.04K 1.41K 1.41K 1.41K 54.80M 55.56M
Diluted Earnings per Share		 ($1.19) ($1.47) ($1.34) ($0.66) ($0.94) ($1.37) $502.43 $206.82 $548.45 $5.15 ($1.92)
Weighted Average Diluted Shares Outstanding		 673.03K 672.94K 684.33K 711.53K 791.58K 745.04K 1.41K 1.41K 1.41K 55.12M 55.56M
Weighted Average Basic & Diluted Shares Outstanding		 8.08M 8.21M 8.21M 791.58K 791.58K 802.35K 802.35K - - 44.06M 42.90M

Annual Cash Flow Statements for CEA Industries

This table details how cash moves in and out of CEA Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 4/30/2025
Net Change in Cash & Equivalents		 -0.36 -0.01 2.15 -2.21 0.67 1.36 -0.13 16 -6.13 -3.06 0.07
Net Cash From Operating Activities		 -1.69 0.10 -2.27 -2.85 0.67 0.82 -3.21 -3.19 -6.13 -3.06 0.17
Net Cash From Continuing Operating Activities		 -1.85 0.10 -2.27 -2.85 0.67 0.82 -3.21 -3.19 -6.13 -3.06 0.17
Net Income / (Loss) Continuing Operations		 -5.30 -3.27 -4.92 -4.74 -1.34 -1.76 -1.34 -5.50 -2.91 -3.15 0.57
Consolidated Net Income / (Loss)		 -5.30 -3.27 -4.92 -4.74 -1.34 -1.76 -1.34 -5.50 -2.91 -3.15 0.57
Depreciation Expense		 0.07 0.05 0.04 0.16 0.16 0.12 0.07 0.03 0.03 0.02 0.78
Non-Cash Adjustments To Reconcile Net Income		 0.02 0.94 2.98 2.01 0.69 -0.11 -0.07 0.98 0.41 0.18 0.00
Changes in Operating Assets and Liabilities, net		 1.26 0.86 -0.44 -0.28 1.16 2.38 -2.07 1.30 -3.66 -0.11 -1.18
Net Cash From Investing Activities		 -0.17 0.04 -0.20 -0.18 -0.00 -0.01 -0.06 -0.03 0.00 0.00 -0.10
Net Cash From Continuing Investing Activities		 -0.17 0.04 -0.20 -0.18 -0.00 -0.01 -0.06 -0.03 0.00 0.00 -0.10
Purchase of Property, Plant & Equipment		 -0.06 -0.02 -0.18 -0.26 -0.00 -0.01 -0.07 -0.03 - - -0.10
Acquisitions		 0.00 -0.03 -0.02 -0.01 - - - - - - 0.00
Other Investing Activities, net		 -0.11 -0.08 -0.16 0.08 - - - - - - 0.00
Net Cash From Financing Activities		 1.50 -0.16 4.62 0.82 0.00 0.55 3.14 20 0.00 0.00 0.00
Net Cash From Continuing Financing Activities		 1.50 -0.16 4.62 0.82 0.00 0.55 3.14 20 0.00 0.00 0.00
Repayment of Debt		 -0.29 -0.16 -0.33 -0.01 - - - - - - 0.00
Repurchase of Common Equity		 - - 0.00 -0.40 - - - - - - 0.00
Issuance of Debt		 1.78 0.00 0.50 - 0.00 0.55 0.51 - - - 0.00
Issuance of Common Equity		 - - - 1.21 - - - - - - 0.00
Other Financing Activities, net		 0.00 0.00 4.45 0.02 - - 0.00 22 - - 0.00
Cash Interest Paid		 0.03 0.00 0.04 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Income Taxes Paid		 - - - - 0.00 0.00 0.00 0.00 0.00 0.00 0.29

Quarterly Cash Flow Statements for CEA Industries

This table details how cash moves in and out of CEA Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025
Net Change in Cash & Equivalents		 -0.85 -0.83 -0.91 -0.27 -1.03 -0.84 4.00 -4.00 4.00 -3.93
Net Cash From Operating Activities		 -0.85 -0.83 -0.91 -0.27 -1.03 -0.84 0.00 - - 0.17
Net Cash From Continuing Operating Activities		 -0.85 -0.83 -0.91 -0.27 -1.03 -0.84 4.00 - - -3.83
Net Income / (Loss) Continuing Operations		 -0.80 -0.99 -0.92 -0.47 -0.74 -1.02 0.00 - - 0.57
Consolidated Net Income / (Loss)		 -0.80 -0.99 -0.92 -0.47 -0.74 -1.02 0.00 - - 0.57
Changes in Operating Assets and Liabilities, net		 -0.07 0.02 -0.12 0.17 -0.32 0.15 0.00 - - -1.18
Net Cash From Investing Activities		 - - 0.00 - - - 0.00 - - -0.10
Net Cash From Continuing Investing Activities		 - - 0.00 - - - 0.00 - - -0.10
Purchase of Property, Plant & Equipment		 - - - - - - - - - -0.10
Cash Income Taxes Paid		 - - 0.00 - - - - - - 0.29

Annual Balance Sheets for CEA Industries

This table presents CEA Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 4/30/2025 4/30/2026
Total Assets		 2.12 4.83 2.75 4.05 4.81 5.28 21 14 10 9.04 338
Total Current Assets		 1.36 3.71 1.53 2.56 3.68 3.99 20 13 10 6.46 10
Cash & Equivalents		 0.32 2.47 0.25 0.92 2.28 2.16 19 13 9.45 2.15 3.06
Inventories, net		 0.75 0.52 0.94 1.23 0.33 0.38 0.35 0.30 0.03 3.29 4.04
Other Current Assets		 - 0.00 - - - - 0.00 0.22 0.23 1.02 3.13
Plant, Property, & Equipment, net		 0.09 0.40 0.52 0.26 0.15 0.08 0.07 0.04 0.01 0.00 0.00
Total Noncurrent Assets		 0.67 0.72 0.71 1.23 0.98 1.21 0.48 0.37 0.26 2.59 328
Goodwill		 0.67 0.67 0.63 0.63 0.63 0.63 - - - 0.00 3.54
Intangible Assets		 - - 0.02 0.01 0.01 0.00 0.00 0.00 0.00 0.00 4.80
Other Noncurrent Operating Assets		 0.00 0.05 0.05 0.59 0.34 0.58 0.48 0.37 0.26 2.59 319
Total Liabilities & Shareholders' Equity		 2.12 4.83 2.75 4.05 4.81 5.28 21 14 10 9.04 338
Total Liabilities		 4.23 3.42 2.56 4.40 6.15 4.89 6.13 1.51 1.16 4.28 33
Total Current Liabilities		 4.22 3.40 2.56 4.00 5.90 4.41 5.75 1.25 1.03 2.91 8.64
Short-Term Debt		 0.76 - - - - - - - - 0.00 1.08
Accounts Payable		 1.34 1.97 1.92 1.83 1.78 1.35 1.21 0.62 0.55 2.26 5.29
Other Current Liabilities		 0.54 0.42 0.00 0.22 0.27 0.14 0.12 0.13 0.14 0.65 2.27
Total Noncurrent Liabilities		 0.01 0.02 0.00 0.40 0.24 0.49 0.38 0.26 0.13 1.38 24
Long-Term Debt		 - - - - - - - - - 0.00 0.75
Other Noncurrent Operating Liabilities		 0.01 - 0.00 0.40 0.24 0.49 0.38 0.26 0.13 1.38 24
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -2.11 1.41 0.19 -0.36 -1.33 -3.57 15 12 9.20 4.76 305
Total Preferred & Common Equity		 -2.11 1.41 0.19 -0.36 -1.33 -3.57 15 12 9.20 4.76 305
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -2.11 1.41 0.19 -0.36 -1.33 -3.57 15 12 9.20 4.76 305
Common Stock		 12 21 25 25 26 25 49 49 50 0.00 231
Retained Earnings		 -14 -19 -24 -26 -27 -29 -34 -37 -40 4.84 73
Accumulated Other Comprehensive Income / (Loss)		 - - - - - - - - - -0.08 0.06
Other Equity Adjustments		 - - - - 0.00 - - - - 0.00 0.00

Quarterly Balance Sheets for CEA Industries

This table presents CEA Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 7/31/2025 10/31/2025 1/31/2026
Total Assets		 15 13 13 11 9.44 0.00 616 0.00
Total Current Assets		 14 12 12 11 9.20 0.00 58 0.00
Cash & Equivalents		 13 12 11 10 8.71 0.00 33 0.00
Accounts Receivable		 0.27 0.02 0.03 0.07 0.06 0.00 0.08 0.00
Inventories, net		 0.32 0.25 0.02 0.02 0.02 0.00 3.49 0.00
Prepaid Expenses		 0.32 0.23 0.61 0.42 0.18 0.00 0.87 0.00
Current Deferred & Refundable Income Taxes		 - - - - - - - 0.00
Other Current Assets		 - 0.22 0.22 0.22 0.23 0.00 21 0.00
Plant, Property, & Equipment, net		 0.05 0.02 0.01 0.01 0.00 0.00 0.27 0.00
Total Noncurrent Assets		 0.40 0.35 0.32 0.29 0.23 0.00 558 0.00
Goodwill		 0.00 - - - - 0.00 4.03 0.00
Intangible Assets		 - 0.00 0.00 0.00 0.00 0.00 4.91 0.00
Noncurrent Deferred & Refundable Income Taxes		 - - - - - 0.00 0.00 0.00
Other Noncurrent Operating Assets		 0.40 0.34 0.32 0.29 0.23 0.00 549 0.00
Other Noncurrent Nonoperating Assets		 - - - - - - - 0.00
Total Liabilities & Shareholders' Equity		 15 13 13 11 9.44 0.00 616 0.00
Total Liabilities		 1.46 1.26 1.61 1.13 1.23 0.00 132 0.00
Total Current Liabilities		 1.17 1.03 1.41 0.97 1.13 0.00 11 0.00
Short-Term Debt		 - - - - - 0.00 4.33 0.00
Accounts Payable		 0.57 0.36 0.89 0.36 0.51 0.00 5.51 0.00
Current Deferred Revenue		 0.47 0.54 0.39 0.47 0.47 0.00 0.74 0.00
Current Deferred & Payable Income Tax Liabilities		 - - - - - 0.00 0.00 0.00
Other Current Liabilities		 0.12 0.13 0.13 0.13 0.14 0.00 0.67 0.00
Total Noncurrent Liabilities		 0.29 0.23 0.20 0.17 0.10 0.00 120 0.00
Long-Term Debt		 - - - - - 0.00 1.39 0.00
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - 0.00 20 0.00
Other Noncurrent Operating Liabilities		 0.29 0.23 0.20 0.17 0.10 0.00 99 0.00
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 13 11 11 10 8.21 0.00 485 0.00
Total Preferred & Common Equity		 13 11 11 10 8.21 0.00 485 0.00
Total Common Equity		 13 11 11 10 8.21 0.00 485 0.00
Common Stock		 49 50 50 50 50 0.00 249 0.00
Retained Earnings		 -36 -38 -39 -39 -41 0.00 236 0.00
Accumulated Other Comprehensive Income / (Loss)		 - - - - - 0.00 -0.05 0.00

Annual Metrics And Ratios for CEA Industries

This table displays calculated financial ratios and metrics derived from CEA Industries' official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
DEI Shares Outstanding		 99,375,000.00 99,375,000.00 99,375,000.00 99,375,000.00 224,954,604.00 228,216,638.00 236,526,638.00 237,526,638.00 7,953,974.00 8,076,372.00 791,580.00
DEI Adjusted Shares Outstanding		 55,208.00 55,208.00 55,208.00 55,208.00 124,975.00 126,787.00 131,404.00 131,959.00 662,831.00 673,031.00 791,580.00
DEI Earnings Per Adjusted Shares Outstanding		 -54.19 -95.93 -59.28 -89.09 -37.96 -10.56 -13.38 -27.95 -9.01 -4.33 -3.97
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3,677,724.00% 327.71% -3.63% -4.88% 32.89% 58.89% -44.08% 60.18% -17.27% -38.75% -59.43%
EBITDA Growth		 -809.64% 112.30% 173.87% -837.53% -12.67% 74.28% -21.54% 25.56% -416.34% 46.99% -8.10%
EBIT Growth		 -1,008.21% 0.75% 51.45% -304.34% -13.67% 71.77% -30.09% 23.33% -314.39% 46.76% -7.70%
NOPAT Growth		 -1,552.79% 2.46% 82.89% -695.93% -13.65% 72.81% -80.27% 16.26% -189.30% 48.41% -7.41%
Net Income Growth		 -1,448.99% -77.01% 38.21% -50.30% 3.56% 71.78% -31.39% 23.93% -310.87% 47.04% -8.05%
EPS Growth		 0.00% -33.33% 50.00% -50.00% 26.67% 54.55% -11,100.00% 0.00% 0.00% 47.04% 2.54%
Operating Cash Flow Growth		 -30,776.37% 15.49% 106.14% -2,290.40% -25.66% 123.58% 21.76% -492.06% 0.55% -92.16% 50.15%
Free Cash Flow Firm Growth		 -6,130.78% 47.95% 99.62% -44,267.38% -27.75% 106.89% 127.96% -570.70% 37.07% -173.34% 60.22%
Invested Capital Growth		 62.62% -15.89% -31.97% 30.00% 94.41% -2,063.91% -183.19% 51.08% -111.39% 93.40% -3.26%
Revenue Q/Q Growth		 52.47% 16.28% 3.91% 4.19% -1.18% 11.12% -3.75% -2.37% -12.39% -14.90% 6.31%
EBITDA Q/Q Growth		 -50.84% 123.14% -41.54% -33.89% 11.37% -0.04% 42.09% -77.96% -22.62% 8.95% -1.04%
EBIT Q/Q Growth		 -139.29% 36.41% -4.29% -25.04% 10.46% 0.95% 32.86% -51.60% -18.91% 8.88% -0.93%
NOPAT Q/Q Growth		 -256.88% 30.73% 54.62% -25.40% 7.41% 2.48% 10.40% -28.46% -5.84% 8.86% -0.93%
Net Income Q/Q Growth		 -793.30% 26.15% 11.17% -4.50% 10.40% 1.16% 32.93% -53.35% -18.79% 8.89% -1.00%
EPS Q/Q Growth		 -200.00% 20.00% 0.00% 25.00% -10.00% 0.00% -11,100.00% 0.00% -29.23% 8.89% -7.38%
Operating Cash Flow Q/Q Growth		 -88.75% 24.88% 129.26% -19.79% -40.85% 8.66% 270.90% -107.87% -45.71% 20.82% -0.26%
Free Cash Flow Firm Q/Q Growth		 -286.37% 18.84% 96.17% -62.66% 1.43% -16.03% 350.82% -80.74% -48.37% 21.74% 0.01%
Invested Capital Q/Q Growth		 -359.68% -316.57% -68.53% 8.92% 84.00% 23.43% -11.66% 30.03% 24.31% -136.94% -177.96%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 16.53% 11.96% 30.39% 26.49% 25.57% 29.88% 18.24% 21.45% 10.15% 7.84% -7.83%
EBITDA Margin		 -88.95% 2.56% 7.27% -56.35% -47.77% -7.73% -16.81% -7.81% -48.75% -42.19% -112.43%
Operating Margin		 -173.61% -39.59% -7.03% -58.83% -50.31% -8.61% -27.75% -14.51% -50.73% -42.73% -113.15%
EBIT Margin		 -116.40% -27.01% -13.61% -57.84% -49.48% -8.79% -20.45% -9.79% -49.03% -42.62% -113.15%
Profit (Net Income) Margin		 -162.70% -67.33% -43.18% -68.22% -49.51% -8.79% -20.66% -9.81% -48.72% -42.13% -112.22%
Tax Burden Percent		 100.60% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 138.94% 249.28% 317.28% 117.94% 100.06% 100.00% 101.00% 100.21% 99.36% 98.85% 99.18%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 169.94% 283.89% 132.00% 1,408.24% -590.45% 1,659.77% 208.21% 283.39% -71.93% -21.44% -29.32%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 -184.08% -78.34% -39.52% -120.08% -125.05% -39.37% -39.30% -26.45% -42.06% -16.93% -26.29%
Return on Assets (ROA)		 -257.30% -195.28% -125.37% -141.61% -125.13% -39.37% -39.70% -26.51% -41.79% -16.73% -26.07%
Return on Common Equity (ROCE)		 169.98% 284.01% 132.05% 1,411.36% -590.01% 1,668.42% 208.27% 1,471.89% -53.29% -21.44% -29.32%
Return on Equity Simple (ROE_SIMPLE)		 338.55% 186.00% 155.02% -348.23% -2,441.00% 376.39% 131.87% 37.47% -36.91% -23.75% -34.20%
Net Operating Profit after Tax (NOPAT)		 -2.23 -2.18 -0.37 -2.97 -3.37 -0.92 -1.65 -1.38 -4.01 -2.07 -2.22
NOPAT Margin		 -121.52% -27.71% -4.92% -41.18% -35.22% -6.03% -19.42% -10.15% -35.51% -29.91% -79.20%
Net Nonoperating Expense Percent (NNEP)		 -1,468.54% 389.02% 251.32% -209.03% -100.63% -71.65% -6.54% 2.12% -14.33% -5.42% -8.43%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - -16.86% -24.14%
Cost of Revenue to Revenue		 83.47% 88.04% 69.61% 73.51% 74.43% 70.12% 81.76% 78.55% 89.85% 92.16% 107.83%
SG&A Expenses to Revenue		 159.67% 38.62% 28.99% 72.21% 62.34% 30.63% 36.35% 26.86% 42.19% 45.51% 104.73%
R&D to Revenue		 17.37% 9.00% 4.61% 4.43% 3.32% 3.42% 4.58% 3.44% 2.84% 1.11% 0.00%
Operating Expenses to Revenue		 190.14% 51.55% 37.43% 85.32% 75.88% 38.49% 45.99% 35.96% 60.88% 50.58% 105.31%
Earnings before Interest and Taxes (EBIT)		 -2.14 -2.12 -1.03 -4.17 -4.74 -1.34 -1.74 -1.34 -5.53 -2.95 -3.17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -1.64 0.20 0.55 -4.06 -4.58 -1.18 -1.43 -1.07 -5.50 -2.92 -3.15
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 126.45 0.00 0.00 0.00 0.45 0.36 0.70
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.45 0.36 0.70
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 2.56 1.05 0.97 0.61 0.59 0.64 2.29
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 2.53 0.99 0.70 0.74 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 22.34 7.32 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 49.80 8.72 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 -0.56 -0.62 -0.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 -0.55 -0.18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.03 -0.43 -0.47 2.67 -1.69 7.29 1.90 4.71 -1.36 -1.15 -1.02
Leverage Ratio		 -0.66 -1.45 -1.05 -9.94 4.72 -42.16 -5.25 -10.69 1.72 1.28 1.12
Compound Leverage Factor		 -0.92 -3.62 -3.34 -11.73 4.72 -42.16 -5.30 -10.71 1.71 1.27 1.12
Debt to Total Capital		 -129.26% -160.23% -56.42% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 -2.52% -112.35% -56.42% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 -126.74% -47.87% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 -0.20% -0.07% -0.06% 0.05% 0.22% -0.12% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1,016.77% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 229.46% 260.30% 156.48% 99.95% 99.78% 100.12% 100.00% -916.77% 100.00% 100.00% 100.00%
Debt to EBITDA		 -0.30 8.72 1.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.12 7.07 0.80 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 -0.30 2.60 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 -0.22 -0.80 -2.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.09 -0.65 -1.18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 -0.22 -0.24 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 0.00 0.00 0.00 0.00 -9.28 -4.47 -7.15 -4.96 -1.12 -1.18 -1.83
Noncontrolling Interest Sharing Ratio		 -0.02% -0.04% -0.03% -0.22% 0.07% -0.52% -0.02% -419.39% 25.91% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.66 0.43 0.32 1.09 0.60 0.64 0.62 0.91 3.56 10.68 9.80
Quick Ratio		 0.52 0.16 0.12 0.85 0.18 0.27 0.39 0.53 3.24 10.01 9.19
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -3.89 -2.02 -0.01 -3.42 -4.37 0.30 0.69 -3.23 -2.03 -5.56 -2.21
Operating Cash Flow to CapEx		 -1,726.72% -2,701.72% 0.00% -8,533.69% -1,090.56% 22,077.98% 8,765.92% -5,611.19% -11,351.49% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -4.66 -0.64 0.00 -4.57 -1,503.10 0.00 39.41 -1,141.74 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 -2.39 -0.53 0.05 -3.03 -979.63 0.00 46.93 -1,132.48 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -2.53 -0.55 0.11 -3.07 -1,069.46 0.00 46.39 -1,152.66 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.58 2.90 2.90 2.08 2.53 4.48 1.92 2.70 0.86 0.40 0.23
Accounts Receivable Turnover		 9.31 22.67 43.77 30.70 30.29 87.36 99.10 128.11 123.93 648.79 176.90
Inventory Turnover		 0.00 9.08 5.25 8.34 9.78 9.85 8.93 30.37 27.90 19.75 18.75
Fixed Asset Turnover		 22.00 48.20 59.20 29.14 20.79 39.13 41.98 121.19 154.71 129.09 126.69
Accounts Payable Turnover		 0.00 5.59 3.10 3.21 3.67 5.69 3.85 6.84 7.94 6.95 5.14
Days Sales Outstanding (DSO)		 39.19 16.10 8.34 11.89 12.05 4.18 3.68 2.85 2.95 0.56 2.06
Days Inventory Outstanding (DIO)		 0.00 40.22 69.52 43.75 37.32 37.05 40.85 12.02 13.08 18.48 19.46
Days Payable Outstanding (DPO)		 0.00 65.33 117.77 113.88 99.45 64.11 94.85 53.33 45.95 52.50 70.95
Cash Conversion Cycle (CCC)		 39.19 -9.01 -39.91 -58.24 -50.07 -22.88 -50.31 -38.47 -29.93 -33.46 -49.42
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -0.99 -1.14 -1.51 -1.06 -0.06 -1.28 -3.62 -1.77 -3.74 -0.25 -0.26
Invested Capital Turnover		 -1.01 -7.39 -5.72 -5.62 -17.19 -22.78 -3.48 -5.06 -4.09 -3.47 -11.17
Increase / (Decrease) in Invested Capital		 1.65 -0.16 -0.37 0.45 1.00 -1.22 -2.34 1.85 -1.97 3.49 -0.01
Enterprise Value (EV)		 0.00 0.00 0.00 0.00 24 15 5.99 10 -12 -8.09 -3.03
Market Capitalization		 0.00 0.00 0.00 0.00 25 16 8.27 8.31 6.68 4.42 6.43
Book Value per Share		 ($0.01) ($0.02) ($0.02) $0.01 $0.00 $0.00 ($0.01) ($0.02) $1.87 $1.52 $11.62
Tangible Book Value per Share		 ($0.02) ($0.03) ($0.02) $0.00 $0.00 $0.00 ($0.01) ($0.02) $1.87 $1.52 $11.62
Total Capital		 -0.39 -1.09 -1.35 1.41 0.19 -0.36 -1.33 0.39 15 12 9.20
Total Debt		 0.50 1.75 0.76 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.49 0.52 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -0.19 1.42 0.44 -2.47 -0.25 -0.92 -2.28 -2.16 -19 -13 -9.45
Capital Expenditures (CapEx)		 0.12 0.06 -0.15 0.03 0.26 0.00 0.01 0.06 0.03 -0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1.46 -2.12 -2.42 -2.16 -1.28 -2.36 -4.51 -2.57 -3.91 -0.40 -0.39
Debt-free Net Working Capital (DFNWC)		 -0.77 -1.79 -2.10 0.31 -1.03 -1.44 -2.22 -0.42 15 12 9.06
Net Working Capital (NWC)		 -0.78 -3.02 -2.86 0.31 -1.03 -1.44 -2.22 -0.42 15 12 9.06
Net Nonoperating Expense (NNE)		 0.76 3.12 2.90 1.95 1.37 0.42 0.10 -0.05 1.49 0.84 0.93
Net Nonoperating Obligations (NNO)		 -0.10 1.70 0.60 -2.47 -0.25 -0.92 -2.28 -2.16 -19 -13 -9.45
Total Depreciation and Amortization (D&A)		 0.50 2.33 1.58 0.11 0.16 0.16 0.31 0.27 0.03 0.03 0.02
Debt-free, Cash-free Net Working Capital to Revenue		 -79.37% -26.97% -31.90% -29.95% -13.41% -15.50% -52.91% -18.88% -34.68% -5.77% -13.86%
Debt-free Net Working Capital to Revenue		 -41.85% -22.77% -27.69% 4.28% -10.76% -9.44% -26.08% -3.04% 130.50% 175.22% 323.33%
Net Working Capital to Revenue		 -42.38% -38.40% -37.73% 4.28% -10.76% -9.44% -26.08% -3.04% 130.50% 175.22% 323.33%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.36) ($0.48) ($0.24) ($0.36) ($0.24) ($0.07) ($0.12) ($27.96) ($10.08) ($4.32) ($4.22)
Adjusted Weighted Average Basic Shares Outstanding		 8.39M 10.00M 15.34M 17.91M 18.96M 19.71M 19.71M 648.70K 591.20K 672.94K 745.04K
Adjusted Diluted Earnings per Share		 ($0.36) ($0.48) ($0.24) ($0.36) ($0.24) ($0.07) ($0.12) ($27.96) $0.00 ($4.32) ($4.22)
Adjusted Weighted Average Diluted Shares Outstanding		 8.39M 10.00M 15.34M 17.91M 18.96M 19.71M 19.71M 648.70K 673.03K 672.94K 745.04K
Adjusted Basic & Diluted Earnings per Share		 ($0.36) ($0.48) ($0.24) ($0.36) ($0.24) ($0.07) ($0.12) ($27.96) $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 8.39M 10.00M 11.72M 15.24M 18.23M 18.97M 19.68M 131.91K 673.03K 684.40K 802.35K
Normalized Net Operating Profit after Tax (NOPAT)		 -2.23 -2.18 -0.37 -2.97 -3.37 -0.92 -1.65 -1.38 -3.56 -2.07 -2.22
Normalized NOPAT Margin		 -121.52% -27.71% -4.92% -41.18% -35.22% -6.03% -19.42% -10.15% -31.60% -29.91% -79.20%
Pre Tax Income Margin		 -161.74% -67.33% -43.18% -68.22% -49.51% -8.79% -20.66% -9.81% -48.72% -42.13% -112.22%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -2.57 -0.67 -0.46 -5.58 -1,630.27 0.00 -99.89 -471.43 0.00 0.00 0.00
NOPAT to Interest Expense		 -2.68 -0.69 -0.17 -3.97 -1,160.37 0.00 -94.87 -489.04 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -2.71 -0.69 -0.39 -5.61 -1,720.10 0.00 -100.43 -491.61 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -2.82 -0.71 -0.10 -4.00 -1,250.20 0.00 -95.41 -509.22 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.65% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% -8.43% 0.00% 0.00% 0.00% -0.65% 0.00% 0.00%

Quarterly Metrics And Ratios for CEA Industries

This table displays calculated financial ratios and metrics derived from CEA Industries' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 7/31/2024 10/31/2024 1/31/2025 10/31/2025 1/31/2026
DEI Shares Outstanding		 8,076,372.00 8,076,372.00 8,212,737.00 8,212,737.00 791,580.00 791,580.00 8,212,737.00 791,580.00 791,580.00 43,083,082.00 88,125,876.00
DEI Adjusted Shares Outstanding		 673,031.00 673,031.00 684,395.00 684,395.00 791,580.00 791,580.00 684,395.00 791,580.00 791,580.00 43,083,082.00 88,125,876.00
DEI Earnings Per Adjusted Shares Outstanding		 -1.19 -1.47 -1.34 -0.69 -0.94 -1.29 10.17 0.37 0.98 6.58 -1.21
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -81.96% -82.81% -94.99% 65.52% -57.22% 66.25% 2,867.20% 322.37% 1,667.79% -3.94% 6.16%
EBITDA Growth		 21.52% 22.48% -111.77% 32.02% 7.21% -3.29% 536.26% 179.72% 229.07% 80,128.87% -13,132.48%
EBIT Growth		 23.34% 22.38% -109.74% 32.08% 7.48% -2.92% 100.00% 178.93% 228.26% 80,128.87% -13,132.48%
NOPAT Growth		 23.80% 22.38% -107.06% 32.28% 7.48% -2.92% 100.00% 187.30% 247.96% 28,842.48% -14,973.21%
Net Income Growth		 23.32% 22.34% -112.45% 32.19% 7.34% -3.15% 100.00% 162.01% 204.45% 97,165.51% -13,881.17%
EPS Growth		 23.32% 22.34% -112.45% 35.92% 21.01% 6.80% 37,594.78% 31,436.36% 58,445.74% -97.51% -100.35%
Operating Cash Flow Growth		 -274.94% 65.89% 66.18% 84.38% -20.54% -0.93% 100.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Growth		 -423.12% -490.22% 26.78% 96.65% 90.10% 83.08% 118.81% 29.44% 227.35% -415,152.06% -69,118.78%
Invested Capital Growth		 97.89% 93.40% 85.79% -117.94% 11.98% -3.26% -182.12% 0.00% 0.00% 0.00% 0.00%
Revenue Q/Q Growth		 -14.12% -72.52% -6.61% 650.81% -77.80% 6.81% 1,566.86% 6.88% -7.10% 0.00% 2.68%
EBITDA Q/Q Growth		 -15.04% -23.58% 7.21% 48.47% -57.03% -37.56% 491.90% -90.58% 154.24% 0.00% -141.30%
EBIT Q/Q Growth		 -14.88% -23.32% 7.18% 48.34% -56.47% -37.20% 100.00% 0.00% 154.24% 0.00% -141.30%
NOPAT Q/Q Growth		 -14.54% -23.32% 7.18% 48.34% -56.47% -37.20% 100.00% 0.00% 165.18% 0.00% -236.27%
Net Income Q/Q Growth		 -15.20% -23.59% 7.18% 48.69% -57.43% -37.58% 100.00% 0.00% 165.18% 0.00% -137.57%
EPS Q/Q Growth		 -15.20% -23.59% 7.18% -500.00% -42.42% -45.74% 36,773.72% -58.84% 165.18% 0.00% -137.28%
Operating Cash Flow Q/Q Growth		 51.18% 2.35% -8.97% 69.93% -276.75% 18.24% 100.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 -42.11% 22.44% 59.04% 92.57% -319.62% -32.49% 145.53% -127.87% 857.38% 0.00% -25.88%
Invested Capital Q/Q Growth		 40.45% -136.94% 28.25% -115.28% 75.95% -177.96% -96.03% 100.00% 0.00% 0.00% -22.42%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 -11.39% -113.83% -65.83% 10.21% -17.95% -41.90% 0.00% 38.26% 25.50% 29.30% 24.04%
EBITDA Margin		 -87.52% -393.53% -390.99% -26.84% -189.85% -244.50% 57.49% 5.07% 13.86% 4,230.38% -1,701.60%
Operating Margin		 -88.34% -396.38% -393.94% -27.10% -191.05% -245.40% 0.00% 5.07% 13.86% 1,257.16% -2,240.20%
EBIT Margin		 -88.34% -396.38% -393.94% -27.10% -191.05% -245.40% 0.00% 5.07% 13.86% 4,230.38% -1,701.60%
Profit (Net Income) Margin		 -87.46% -393.29% -390.87% -26.71% -189.45% -244.02% 0.00% 3.92% 11.19% 3,970.65% -1,453.00%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 0.00% 77.42% 80.75% 93.98% 85.28%
Interest Burden Percent		 99.00% 99.22% 99.22% 98.55% 99.16% 99.44% 0.00% 100.00% 100.00% 99.87% 100.13%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 22.58% 19.25% 6.02% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -21.76% -21.44% -26.01% -25.42% -26.57% -29.32% -22.71% 0.00% 0.00% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 -37.60% -157.44% -64.43% -6.02% -38.70% -57.01% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 -37.23% -156.22% -63.93% -5.94% -38.38% -56.69% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 -21.76% -21.44% -26.01% -25.42% -26.57% -29.32% -22.71% 0.00% 0.00% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 -24.14% 0.00% -29.74% -29.00% -30.53% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.56 -0.70 -0.65 -0.33 -0.52 -0.72 0.00 0.29 0.77 84 -115
NOPAT Margin		 -61.84% -277.47% -275.76% -18.97% -133.74% -171.78% 0.00% 3.92% 11.19% 1,181.51% -1,568.14%
Net Nonoperating Expense Percent (NNEP)		 -1.36% -1.87% -1.96% -1.07% -1.84% -2.75% 0.00% 0.00% 0.00% 1,485.79% 177.58%
Return On Investment Capital (ROIC_SIMPLE)		 - -5.68% -5.66% - - -7.80% 0.00% - - 17.20% -31.37%
Cost of Revenue to Revenue		 111.39% 213.83% 165.83% 89.79% 117.95% 141.90% 0.00% 61.74% 74.50% 70.70% 75.96%
SG&A Expenses to Revenue		 74.59% 276.00% 324.13% 37.10% 172.99% 202.86% 0.00% 30.72% 8.87% 303.31% 81.77%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 76.95% 282.55% 328.11% 37.32% 173.10% 203.50% 0.00% 33.19% 11.64% -1,227.86% 2,264.24%
Earnings before Interest and Taxes (EBIT)		 -0.81 -1.00 -0.92 -0.48 -0.75 -1.02 0.00 0.38 0.96 302 -125
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.80 -0.99 -0.92 -0.47 -0.74 -1.02 4.00 0.38 0.96 302 -125
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.46 0.36 0.42 0.42 0.55 0.70 0.59 0.00 0.00 0.66 0.60
Price to Tangible Book Value (P/TBV)		 0.46 0.36 0.42 0.42 0.55 0.70 0.59 0.00 0.00 0.67 0.62
Price to Revenue (P/Rev)		 0.75 0.64 1.94 1.45 2.14 2.29 0.51 0.36 0.26 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 1.02 0.99 0.81 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 97.87% 100.53% 122.73% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.64 0.59
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -1.17 -1.15 -1.05 -1.02 -1.01 -1.02 -1.03 0.00 0.00 -0.06 -0.03
Leverage Ratio		 1.30 1.28 1.15 1.14 1.11 1.12 1.13 0.00 0.00 1.27 1.20
Compound Leverage Factor		 1.29 1.27 1.14 1.12 1.10 1.12 0.00 0.00 0.00 1.27 1.20
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.17% 0.49%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.88% 0.29%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.28% 0.20%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 0.00% 0.00% 98.84% 99.51%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 0.49 -0.71 -0.91 -1.43 -0.79 -1.14 -1.75 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 12.17 10.68 11.95 8.66 11.42 9.80 8.16 0.00 0.00 5.17 2.62
Quick Ratio		 11.63 10.01 11.27 8.05 10.73 9.19 7.77 0.00 0.00 2.90 1.33
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -5.40 -4.19 -1.72 -0.13 -0.54 -0.71 0.32 -0.09 0.68 -374 -470
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -952.68 -2,970.95
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.43 0.40 0.16 0.22 0.20 0.23 0.86 0.00 0.00 0.00 0.00
Accounts Receivable Turnover		 46.44 648.79 60.14 19.39 15.34 176.90 247.56 0.00 0.00 0.00 0.00
Inventory Turnover		 15.36 19.75 8.53 16.75 17.47 18.75 19.79 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 133.17 129.09 61.78 93.57 95.30 126.69 807.91 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 5.05 6.95 3.84 4.18 6.34 5.14 6.01 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 7.86 0.56 6.07 18.82 23.79 2.06 1.47 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 23.76 18.48 42.82 21.79 20.89 19.46 18.44 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 72.27 52.50 95.10 87.26 57.56 70.95 60.75 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 -40.65 -33.46 -46.22 -46.64 -12.88 -49.42 -40.83 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -0.10 -0.25 -0.18 -0.38 -0.09 -0.26 -0.50 0.00 0.00 458 355
Invested Capital Turnover		 -3.22 -3.47 -3.46 -11.35 -26.90 -11.17 -28.13 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 4.84 3.49 1.07 -0.21 0.01 -0.01 -0.32 0.38 0.09 458 355
Enterprise Value (EV)		 -7.26 -8.09 -6.83 -6.73 -4.65 -3.03 -3.88 0.00 0.00 293 210
Market Capitalization		 6.08 4.42 4.77 4.59 5.64 6.43 4.83 5.46 5.71 320 220
Book Value per Share		 $1.64 $1.52 $1.39 $1.33 $12.89 $11.62 $1.00 $0.00 $0.00 $11.25 $8.28
Tangible Book Value per Share		 $1.64 $1.52 $1.39 $1.33 $12.89 $11.62 $1.00 $0.00 $0.00 $11.05 $8.07
Total Capital		 13 12 11 11 10 9.20 8.21 0.00 0.00 491 367
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.72 1.81
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.39 0.75
Net Debt		 -13 -13 -12 -11 -10 -9.45 -8.71 0.00 0.00 -27 -9.51
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.26 -0.40 -0.31 -0.52 -0.22 -0.39 -0.64 0.00 0.00 19 3.63
Debt-free Net Working Capital (DFNWC)		 13 12 11 11 10 9.06 8.07 0.00 0.00 51 15
Net Working Capital (NWC)		 13 12 11 11 10 9.06 8.07 0.00 0.00 47 14
Net Nonoperating Expense (NNE)		 0.23 0.29 0.27 0.14 0.22 0.30 0.00 0.00 0.00 -199 -8.44
Net Nonoperating Obligations (NNO)		 -13 -13 -12 -11 -10 -9.45 -8.71 0.00 0.00 -27 -9.51
Total Depreciation and Amortization (D&A)		 0.01 0.01 0.01 0.00 0.00 0.00 4.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital to Revenue		 -3.20% -5.77% -12.70% -16.32% -8.52% -13.86% -6.68% 0.00% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 161.11% 175.22% 458.25% 342.09% 381.88% 323.33% 84.71% 0.00% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 161.11% 175.22% 458.25% 342.09% 381.88% 323.33% 84.71% 0.00% 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($1.20) ($17.64) ($1.32) ($0.66) ($0.94) ($1.37) ($1.33) $0.00 $0.00 $5.18 ($1.92)
Adjusted Weighted Average Basic Shares Outstanding		 673.03K 56.08K 684.14K 711.53K 791.58K 745.04K 802.23K 0.00 0.00 54.80M 55.56M
Adjusted Diluted Earnings per Share		 ($1.20) ($17.64) ($1.32) ($0.66) ($0.94) ($1.37) ($1.33) $0.00 $0.00 $5.15 ($1.92)
Adjusted Weighted Average Diluted Shares Outstanding		 673.03K 56.08K 684.14K 711.53K 791.58K 745.04K 802.23K 0.00 0.00 55.12M 55.56M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($17.64) $0.00 $0.00 $0.00 ($1.37) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 673.03K 684.40K 684.40K 791.58K 791.58K 802.35K 802.35K 0.00 0.00 44.06M 42.90M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.56 -0.70 -0.65 -0.33 -0.52 -0.72 0.00 0.29 0.77 -23 -3.16
Normalized NOPAT Margin		 -61.84% -277.47% -275.76% -18.97% -133.74% -171.78% 0.00% 3.92% 11.19% -318.76% -43.13%
Pre Tax Income Margin		 -87.46% -393.29% -390.87% -26.71% -189.45% -244.02% 0.00% 5.07% 13.86% 4,224.89% -1,703.76%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 770.46 -788.27
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 215.18 -726.44
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

CEA Industries (NASDAQ:BNC) has undergone a dramatic financial transformation over the last four quarters, but the latest quarter also raises some big questions. Revenue has grown steadily, and the company swung from recurring losses to a very large profit in Q2 2026 before returning to a large loss in Q3 2026. The balance sheet also shifted from a modest cash-heavy position in early 2025 to a much larger, more leveraged capital structure in 2026.

  • Revenue has been trending higher on a year-over-year basis. Q3 2026 revenue rose to $7.33 million from $6.91 million in Q3 2025 and far above the sub-$1 million levels seen in 2024.
  • Gross profit remains positive and relatively stable. Q3 2026 gross profit was $1.76 million, roughly flat with prior quarters and a meaningful improvement versus the losses seen in 2024.
  • The company posted strong profitability in Q2 2026. Net income reached $283.6 million in Q2 2026, driven by very large other income and a major special item, showing the business can generate outsized earnings under the right conditions.
  • Operating revenue has expanded materially since 2024. Revenue moved from $234,506 in Q1 2024 to $7.33 million in Q3 2026, suggesting the operating scale is much larger than it was two years ago.
  • Share count has been more stable recently than in some earlier periods. Basic shares were 55.6 million in Q3 2026 versus 54.8 million in Q2 2026, limiting quarter-to-quarter dilution in the latest periods.
  • Q3 2026 operating revenue slightly increased from Q2 2026. Revenue rose from $7.14 million to $7.33 million, but the growth rate was modest.
  • Balance sheet data for Q3 2026 is incomplete. All reported asset, liability, and equity line items were shown as zero, so the latest quarter’s balance sheet cannot be assessed reliably from the provided data.
  • The Q2 2026 profit was heavily influenced by non-operating items. Other income was $212.4 million and special charges/other items were highly unusual, so the headline profit likely does not reflect core operating performance.
  • Q3 2026 returned to a large loss. Net loss was $106.6 million, or $1.92 per share, after the very strong Q2 result.
  • Operating expenses surged dramatically in Q3 2026. Operating expenses totaled $166.1 million, including $159.8 million of other special charges/income, pushing operating income to a loss of $164.3 million.

Looking at the broader trend, profitability has been highly volatile. In 2024, BNC was losing money at the operating and net-income levels each quarter. By Q2 2025 and Q3 2025, results were still mixed but improving, with Q3 2025 showing a small profit. Then 2026 brought a massive upside swing in Q2 followed by a sharp reversal in Q3. That kind of pattern suggests investors should focus on whether recent earnings are coming from recurring operations or from one-time items.

The balance sheet also changed meaningfully in 2026. As of Q2 2026, total assets were $616.5 million and total liabilities were $131.6 million, leaving equity of $484.9 million. That is a much larger and stronger reported equity base than the company had in 2024 or early 2025. However, the asset mix included a very large amount of other noncurrent operating assets, and the data in Q3 2026 does not provide a usable updated balance sheet.

From a retail investor perspective, the key takeaway is that BNC’s operating business appears to be growing, but earnings quality is the main issue. The company’s results are being driven by large swings in special items and other income, while Q3 2026 showed that core operating losses can still reappear quickly. Investors will likely want to watch future quarters for consistency in revenue growth, stable gross margins, and evidence that profits are recurring rather than event-driven.

07/12/26 10:51 AM ETAI Generated. May Contain Errors.

CEA Industries Financials - Frequently Asked Questions

According to the most recent income statement we have on file, CEA Industries' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

CEA Industries' net income appears to be on a downward trend, with a most recent value of -$3.15 million in 2024, rising from -$2.99 million in 2014. The previous period was -$2.91 million in 2023.

CEA Industries' total operating income in 2024 was -$3.17 million, based on the following breakdown:
  • Total Gross Profit: -$219.62 thousand
  • Total Operating Expenses: $2.95 million

Over the last 10 years, CEA Industries' total revenue changed from $1.84 million in 2014 to $2.80 million in 2024, a change of 52.5%.

CEA Industries' total liabilities were at $33.07 million at the end of 2026, a 672.1% increase from 2025, and a 682.0% increase since 2016.

In the past 10 years, CEA Industries' cash and equivalents has ranged from $253.39 thousand in 2018 to $18.64 million in 2022, and is currently $3.06 million as of their latest financial filing in 2026.

Over the last 10 years, CEA Industries' book value per share changed from -0.01 in 2014 to 11.62 in 2024, a change of -132,138.6%.


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Financial statements for NASDAQ:CEAD last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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