I'm LongbridgeAI, I can summarize articles.CEA Industries Inc. reported Q2026 results with revenue rising 56.4% to $7.17M, though net loss widened to ($11.4M) and diluted EPS was ($0.22). The company focuses its treasury on BNB holdings. Fat Panda retail remains the primary revenue source, operating 34 stores. Declining airdrop yields reduced non-cash income. Operational milestones include launching DAT after a PIPE and integrating the Fat Panda acquisition.
CEA Industries Inc. reported results for the 2026 quarter, with revenue rising to $7.17M from $4.58M a year earlier, while the company recorded a net loss of ($11.4M) and diluted EPS of ($0.22).
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $7.17M | $4.58M | 56.4% |
| Net income² | ($11.4M) | ($1.19M) | (861.2%) |
| Diluted EPS³ | ($0.22) | ($1.41) | 84.4% |
¹ Reported as “Revenue”. ² Reported as “Net loss”. ³ Reported as “Net income (loss) per share of common stock attributable to common shareholders”.
Business Highlights
- BNB Treasury Focus: The company’s DAT strategy concentrates treasury holdings on 515,544 BNB, aligning operations with participation in the BNB ecosystem.
- Revenue mix shift: Retail operations under the Fat Panda brand remain the primary source of operating revenue; industrial systems sales are immaterial compared with vape retail.
- Retail footprint and operations: Fat Panda operates 34 stores plus e-commerce and in-house e‑liquid manufacturing, supporting retail momentum following the acquisition and integration.
- Airdrop and yield decline: Airdrop and Launchpool yields have materially declined, reducing non-cash treasury income and lowering expected yield from treasury holdings.
- Operational milestones: The company launched DAT after a PIPE, completed the Fat Panda acquisition and integrated retail operations under new governance.
Original SEC Filing: CEA Industries Inc. [ BNC ] - 10-Q - Sep. 11, 2026