BNB Standard (BNC)


Market Price (10/21/2026): $5.09 | Market Cap: $269.3 MilSector: Industrials | Industry: Agricultural & Farm Machinery

BNB Standard (BNC)


Market Price (10/21/2026): $5.09
Market Cap: $269.3 Mil
Sector: Industrials
Industry: Agricultural & Farm Machinery

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 61%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 56%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 697%

Weak multi-year price returns
2Y Excs Rtn is -57%, 3Y Excs Rtn is -110%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -36 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -160%

Expensive valuation multiples
P/SPrice/Sales ratio is 12x

High stock price volatility
Vol 12M is 108%

Key risks
BNC key risks include [1] extreme concentration and volatility from its near-exclusive reliance on Binance Coin (BNB), Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 61%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 56%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 697%
2 Weak multi-year price returns
2Y Excs Rtn is -57%, 3Y Excs Rtn is -110%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -36 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -160%
4 Expensive valuation multiples
P/SPrice/Sales ratio is 12x
5 High stock price volatility
Vol 12M is 108%
6 Key risks
BNC key risks include [1] extreme concentration and volatility from its near-exclusive reliance on Binance Coin (BNB), Show more.

BNC in ETFs

Weight = BNC's share of each fund

VTI0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/20/2026

BNB Standard (BNC) stock has gained about 85% since 6/30/2026 because of the following key factors:

1. Strategic Rebranding and Core Business Shift to BNB Treasury Management. The company, formerly CEA Industries Inc., officially changed its name to BNB Standard Corporation, effective September 29, 2026, following an open community advisory vote. This rebranding reflects a deliberate pivot in its core business strategy to focus on managing what it describes as the world's largest corporate treasury of Binance Coin (BNB), anchoring its portfolio with over 500,000 BNB. This strategic re-alignment was further highlighted by the launch of a new corporate website and treasury dashboard in October 2026.

2. Announcement of BNB Chain Validator Operations. BNB Standard announced plans in October 2026 to operate its own validator on the BNB Chain, leveraging a specialist infrastructure partner. This initiative is designed to generate validator rewards and further integrate the company within the BNB ecosystem, potentially driving new demand for the underlying asset, BNB. The company intends to report on the validator's performance through its treasury dashboard once operational.

Show more
Updated on 10/20/2026

BNB Standard (BNC) stock has gained about 85% since 6/30/2026 because of the following key factors:

1. Strategic Rebranding and Core Business Shift to BNB Treasury Management. The company, formerly CEA Industries Inc., officially changed its name to BNB Standard Corporation, effective September 29, 2026, following an open community advisory vote. This rebranding reflects a deliberate pivot in its core business strategy to focus on managing what it describes as the world's largest corporate treasury of Binance Coin (BNB), anchoring its portfolio with over 500,000 BNB. This strategic re-alignment was further highlighted by the launch of a new corporate website and treasury dashboard in October 2026.

2. Announcement of BNB Chain Validator Operations. BNB Standard announced plans in October 2026 to operate its own validator on the BNB Chain, leveraging a specialist infrastructure partner. This initiative is designed to generate validator rewards and further integrate the company within the BNB ecosystem, potentially driving new demand for the underlying asset, BNB. The company intends to report on the validator's performance through its treasury dashboard once operational.

3. Positive Performance and Ecosystem Developments of BNB Cryptocurrency. The underlying digital asset, Binance Coin (BNB), experienced positive momentum during the period, with its price increasing from around $578 in early July 2026 to approximately $707 by mid-October 2026. This appreciation in the company's primary treasury asset directly contributed to its valuation. The BNB Chain ecosystem also saw significant advancements, including the Pasteur Hardfork in August 2026 for enhanced security and speed, and the adoption of a new standard gas fee in October 2026, which makes transactions cheaper and boosts network activity. The continuous quarterly burning of BNB tokens also provides a fundamental tailwind, supporting its price.

4. Appointment of New Chief Executive Officer Aligned with Strategic Vision. Alex Odagiu was officially appointed Chief Executive Officer, effective October 19, 2026. Mr. Odagiu had served as Interim President since June 2026, during which time he spearheaded the company's rebranding from CEA Industries to BNB Standard and developed the BNB Chain validator strategy. This new leadership appointment, coinciding with the company's strategic transformation, likely instilled investor confidence in the execution of its refocused business model.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The 87.5% change in BNC stock from 6/30/2026 to 10/20/2026 was primarily driven by a 98.3% change in the company's P/E Multiple.
(LTM values as of)630202610202026Change
Stock Price ($)2.725.1087.5%
Change Contribution By: 
Total Revenues ($ Mil)162243.2%
Net Income Margin (%)1121.0%736.3%-34.3%
P/E Multiple0.81.698.3%
Shares Outstanding (Mil)53530.5%
Cumulative Contribution87.5%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/20/2026
ReturnCorrelation
BNC87.5% 
Market (SPY)3.0%22.6%
Sector (XLI)-9.9%12.7%

Fundamental Drivers

The 74.7% change in BNC stock from 3/31/2026 to 10/20/2026 was primarily driven by a 84.7% change in the company's P/E Multiple.
(LTM values as of)331202610202026Change
Stock Price ($)2.925.1074.7%
Change Contribution By: 
Total Revenues ($ Mil)162243.2%
Net Income Margin (%)1121.0%736.3%-34.3%
P/E Multiple0.91.684.7%
Shares Outstanding (Mil)53530.5%
Cumulative Contribution74.7%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/20/2026
ReturnCorrelation
BNC74.7% 
Market (SPY)18.6%27.6%
Sector (XLI)3.4%17.5%

Fundamental Drivers

The -34.6% change in BNC stock from 9/30/2025 to 10/20/2026 was primarily driven by a -98.5% change in the company's Shares Outstanding (Mil).
(LTM values as of)930202510202026Change
Stock Price ($)7.805.10-34.6%
Change Contribution By: 
Total Revenues ($ Mil)322581.1%
P/S Multiple1.912.1533.2%
Shares Outstanding (Mil)153-98.5%
Cumulative Contribution-34.6%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/20/2026
ReturnCorrelation
BNC-34.6% 
Market (SPY)16.4%33.0%
Sector (XLI)9.1%27.0%

Fundamental Drivers

The -43.5% change in BNC stock from 9/30/2023 to 10/20/2026 was primarily driven by a -98.7% change in the company's Shares Outstanding (Mil).
(LTM values as of)930202310202026Change
Stock Price ($)9.035.10-43.5%
Change Contribution By: 
Total Revenues ($ Mil)122282.2%
P/S Multiple0.512.12336.4%
Shares Outstanding (Mil)153-98.7%
Cumulative Contribution-43.5%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/20/2026
ReturnCorrelation
BNC-43.5% 
Market (SPY)86.1%4.3%
Sector (XLI)71.1%2.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
BNC Return-7%-83%-35%24%-21%-27%-93%
Peers Return43%-86%328%60%-31%-18%-20%
S&P 500 Return27%-19%24%23%16%12%104%

Monthly Win Rates [3]
BNC Win Rate33%42%50%50%33%30% 
Peers Win Rate45%30%65%43%53%40% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
BNC Max Drawdown-84%-89%-58%-41%-92%-69% 
Peers Max Drawdown-69%-87%-53%-55%-65%-56% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: MSTR, MARA, RIOT, COIN, HYFM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/20/2026 (YTD)

How Low Can It Go

EventBNCS&P 500
2025 US Tariff Shock
  % Loss-39.8%-18.8%
  % Gain to Breakeven66.1%23.1%
  Time to Breakeven56 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-38.9%-9.5%
  % Gain to Breakeven63.8%10.5%
  Time to Breakeven196 days24 days
2023 SVB Regional Banking Crisis
  % Loss-27.2%-6.7%
  % Gain to Breakeven37.4%7.1%
  Time to Breakeven666 days31 days
2020 COVID-19 Crash
  % Loss-66.5%-33.7%
  % Gain to Breakeven198.3%50.9%
  Time to Breakeven287 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-57.6%-19.2%
  % Gain to Breakeven136.1%23.8%
  Time to Breakeven748 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-74.2%-12.2%
  % Gain to Breakeven287.9%13.9%
  Time to Breakeven220 days62 days

Compare to MSTR, MARA, RIOT, COIN, HYFM

In The Past

BNB Standard's stock fell -39.8% during the 2025 US Tariff Shock. Such a loss loss requires a 66.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventBNCS&P 500
2025 US Tariff Shock
  % Loss-39.8%-18.8%
  % Gain to Breakeven66.1%23.1%
  Time to Breakeven56 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-38.9%-9.5%
  % Gain to Breakeven63.8%10.5%
  Time to Breakeven196 days24 days
2023 SVB Regional Banking Crisis
  % Loss-27.2%-6.7%
  % Gain to Breakeven37.4%7.1%
  Time to Breakeven666 days31 days
2020 COVID-19 Crash
  % Loss-66.5%-33.7%
  % Gain to Breakeven198.3%50.9%
  Time to Breakeven287 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-57.6%-19.2%
  % Gain to Breakeven136.1%23.8%
  Time to Breakeven748 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-74.2%-12.2%
  % Gain to Breakeven287.9%13.9%
  Time to Breakeven220 days62 days

Compare to MSTR, MARA, RIOT, COIN, HYFM

In The Past

BNB Standard's stock fell -39.8% during the 2025 US Tariff Shock. Such a loss loss requires a 66.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About BNB Standard (BNC)

BNB Standard (symbol: BNC) is a global provider of technology, engineering, and services tailored for the controlled environment agriculture (CEA) industry. The company specializes in developing and implementing comprehensive infrastructure solutions designed to optimize growing conditions within large-scale indoor cultivation facilities worldwide.

Its main products and services encompass architectural design and floor plans for cultivation facilities, alongside licensed mechanical, electrical, and plumbing (MEP) engineering specifically for commercial environmental control systems. BNB Standard also supplies critical climate control systems, including process cooling and air handling equipment, LED lighting solutions, and specialized benching and racking for indoor cultivation. The company further offers automation and control technologies for environmental management and provides preventive maintenance services to ensure the ongoing efficiency of CEA facilities.

BNB Standard primarily serves commercial CEA growers globally, including those operating within state- and provincial-regulated markets. The company's expertise is geared towards businesses that require sophisticated, reliable, and integrated systems to effectively manage and scale their indoor agricultural operations.

AI Analysis | Feedback

The Honeywell or Siemens for advanced indoor agriculture facilities.

The Cisco Systems for controlled environment agriculture.

AI Analysis | Feedback

null

AI Analysis | Feedback

null

AI Analysis | Feedback

null

AI Analysis | Feedback

William B. Miller, Chief Financial Officer and Interim Principal Executive Officer

William B. Miller was appointed Chief Financial Officer of CEA Industries Inc. (now BNB Standard Corporation) effective March 9, 2026, and additionally serves as Interim Principal Executive Officer since July 22, 2026. He brings over two decades of experience in financial reporting, accounting policy, internal controls, and capital markets within public company settings. Prior to this role, Miller served as the Chief Accounting Officer at Figure Technology Solutions Inc., where he played a key role in guiding the company through its reorganization and initial public offering.

Alex Odagiu, Interim President

Alex Odagiu assumed the role of Interim President of CEA Industries Inc. (now BNB Standard Corporation) on June 23, 2026. He is an Investment Partner at YZi Labs, focusing on digital assets, decentralized finance (DeFi), and blockchain-enabled financial services. Previously, he was an Investment Partner at Binance Labs, where he managed tokens, equity, and strategic investments. Odagiu's background also includes two years as an investment professional at a London technology fund and four years as an investment banker at Goldman Sachs. He holds a master's degree in economics and mathematics from the University of St Andrews. He has been actively involved in the BNB Chain MVB program as a reviewer/mentor and has been deeply involved in YZi Labs' incubation program, EASY Residency. His investment focus includes DeFi, real-world asset tokenization, AI-crypto convergence, and stablecoin/infrastructure projects.

Carly E. Howard, Chair of the Board of Directors

Carly E. Howard serves as the Chair of the Board of Directors for BNB Standard Corporation (formerly CEA Industries Inc.). She is an attorney with the global law firm K&L Gates, specializing in digital assets for high-net-worth individuals, family offices, and investment funds. Howard possesses extensive expertise in crypto, having worked with both crypto-native projects and traditional finance companies for over five years. She is also the Founder and Principal Consultant of CEH Advisory, a legal consultancy that provides strategic design and hands-on establishment for crypto-focused funds and tokenized projects. Her prior experience includes roles as Senior Vice President at CIBC (former Atlantic Trust) and Truist (former BB&T), where she offered legal and strategic leadership to executives and high-tier wealth clients, overseeing fiduciary operations, regulatory risk, and complex trust structures. She holds a Master of Laws in Estate Planning and a Degree in Law from the University of Miami, and a Degree in Communications from the College of Charleston, South Carolina.

Renee Larson, VP Finance / Controller

Renee Larson holds the position of VP Finance / Controller at BNB Standard Corporation (formerly CEA Industries Inc.).

Jordan Vedoya, President Fat Panda Ltd.

Jordan Vedoya serves as the President of Fat Panda Ltd., a subsidiary of BNB Standard Corporation (formerly CEA Industries Inc.).

AI Analysis | Feedback

Here are the key risks to the business of BNB Standard (symbol: BNC):

  1. Cryptocurrency Price Volatility: BNB Standard Corporation's primary focus is on managing the world's largest corporate treasury of BNB, a Binance-affiliated token. Consequently, the company's financial performance and valuation are highly susceptible to the extreme price volatility inherent in cryptocurrency markets. Fluctuations in the value of BNB directly impact the company's assets. For instance, recent reports indicate that BNB experienced a decline of approximately 5% over a week, even as BNB Standard's stock saw gains, highlighting the direct exposure to this volatility.
  2. Regulatory and Legal Risks in the Cryptocurrency Industry: The cryptocurrency sector operates within a rapidly evolving and often uncertain regulatory landscape across various jurisdictions. Changes in laws, regulations, or their interpretations by governmental bodies could adversely affect the value or liquidity of BNB holdings, or restrict BNB Standard's ability to manage its digital asset treasury. This regulatory unpredictability poses a significant risk to the company's operations and financial stability.
  3. Security Risks Associated with Digital Assets: Holding a substantial corporate treasury of cryptocurrency assets exposes BNB Standard to significant security risks. These include the potential for cyberattacks, hacking, theft, or accidental loss of private keys. Such security breaches could lead to substantial financial losses and damage to the company's reputation and operational capabilities.

AI Analysis | Feedback

null

AI Analysis | Feedback

BNB Standard, trading under the symbol BNC, was formerly known as CEA Industries Inc. The company officially changed its name to BNB Standard Corporation on September 29, 2026, and retained its Nasdaq ticker symbol 'BNC'. This rebranding signifies a shift in the company's focus towards managing a corporate BNB treasury, aiming to establish a standard for how public companies manage BNB treasuries.

The addressable market for BNB Standard's main services revolves around the broader cryptocurrency market, specifically the BNB ecosystem, and the growing trend of public companies holding cryptocurrencies as treasury assets. As of October 2026, the BNB token trades at $768 and has a market capitalization of $100 billion. This represents the global market value of the BNB asset that the company aims to manage.

Within the global BNB Chain ecosystem, other significant market indicators include:

  • The stablecoin market capitalization on BNB Chain reached a peak of $14 billion in 2025.
  • Real-world assets (RWA) on BNB Chain surpassed $1.8 billion in value during 2025.
  • The total number of unique addresses on BNB Chain exceeded 700 million in 2025.

These figures indicate a substantial and active global market for BNB-related assets and activities, which forms the addressable market for BNB Standard's treasury management services.

AI Analysis | Feedback

For BNB Standard (symbol: BNC), the expected drivers of future revenue growth over the next 2-3 years primarily stem from its strategic pivot to a digital asset treasury strategy focused on BNB. CEA Industries Inc., which trades under the symbol BNC, officially announced its change of corporate name to BNB Standard Corporation, effective September 29, 2026. The company has transformed from its original focus on controlled environment agriculture (CEA) to managing a substantial treasury of BNB digital assets.

The key drivers of future revenue growth include:

  1. Appreciation in the Value of BNB Digital Asset Holdings: As BNB Standard Corporation is committed to building and managing what it aims to be the world's largest corporate treasury of BNB, an increase in the market price of BNB would directly enhance the value of its primary asset. This appreciation could significantly impact the company's financial performance through realized gains or mark-to-market adjustments.
  2. Strategic Acquisition of Additional BNB: The company plans to continue "strategically deploy significant capital acquiring additional BNB," aiming to deepen its position as the world's largest corporate BNB treasury. Expanding its holdings of BNB would naturally amplify any gains derived from price appreciation and participation within the BNB ecosystem.
  3. Income Generation from the BNB Ecosystem: BNB Standard Corporation's strategy offers shareholders exposure to the BNB digital ecosystem. This includes revenue streams such as airdrop income, which generated $7.9 million in fiscal year 2026, and potential yields from the Binance platform, which management expects to return to historical performance levels.
  4. Growth and Development of Complementary Businesses in Consumer Markets: Although the primary focus has shifted to its BNB treasury, the company states it is a "growth-oriented company that focuses on building category-leading businesses in consumer markets," encompassing its digital asset strategy. Its existing operating units, Fat Panda and Surna Cultivation Technologies, remain active and are subject to ongoing strategic evaluation. Successful performance or expansion in these or new consumer market ventures could contribute to future revenue.

AI Analysis | Feedback

Share Repurchases

  • CEA Industries repurchased and cancelled 1,434,112 shares for $3.8 million at an average price of $2.63, reducing shares outstanding to 41,173,850 as of September 2026.
  • On September 22, 2025, the company announced a $250 million stock repurchase program authorized by its Board of Directors.

Share Issuance

  • Shareholder dilution has been significant, with shares outstanding increasing by 348.2% in fiscal year 2022.
  • The number of shares outstanding increased by 42,566.12% in one year as of September 22, 2026.
  • Major shareholder YZiLabs Management Ltd. exercised warrants totaling 7,599,264 shares for $0.00001 per share on September 17, 2026.

Inbound Investments

  • CEA Industries Inc. received $421.72 million in funding from a group of investors, with the transaction closing on August 5, 2025.
  • The company drew $15.0 million of USDC under a master loan facility, secured by 44,198 BNB, by July 31, 2026.
  • YZiLabs Management Ltd., through a PIPE financing, became a beneficial owner of 9,749,745 common shares, or 19.99% of the company's common stock.

Outbound Investments

  • CEA Industries Inc. has shifted its primary business to building and managing a corporate treasury of BNB, holding 515,544 BNB tokens with a fair value of $302.3 million at July 31, 2026.

Capital Expenditures

  • Capital expenditures for the last 12 months as of September 22, 2026, were -$134,000.

Peer Outperformance in Agricultural & Farm Machinery

BNC has trailed 87% of its 15 Agricultural & Farm Machinery peers over 5Y. Agricultural & Farm Machinery ranks 13th of 23 industries in Industrials by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Agricultural & Farm Machinery constituents that BNC has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
7%
of 15 industry peers · -32.8% return
3Y
33%
of 15 industry peers · -31.5% return
5Y
13%
of 15 industry peers · -94.8% return
No Agricultural & Farm Machinery peer with a comparable growth profile has beaten BNC by more than 20pp over 5Y.
Median price return by industry across the Industrials sector, ranked by 5Y. Agricultural & Farm Machinery is BNC's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Construction & Engineering 30 -2.5%112.7%156.5% STRL 1708% · FIX 1636% · AGX 751%
Marine Transportation 5 57.6%46.0%119.9% MATX 204% · KEX 144%
Construction Machinery & Heavy Transportation Equipment 13 -3.4%56.6%79.2% CAT 287% · ALSN 234% · WAB 213%
Aerospace & Defense 52 -13.0%56.3%58.9% ATI 1008% · FTAI 739% · HWM 594%
Trading Companies & Distributors 19 7.7%38.5%49.3% DXPE 419% · AIT 249% · URI 196%
Industrial Machinery & Supplies & Components 72 7.7%56.3%40.4% CRS 1082% · MLI 418% · SYM 300%
Diversified Support Services 33 14.3%32.6%32.2% CXW 229% · OPLN 148% · CACI 115%
Rail Transportation 7 29.2%45.4%29.5% CSX 49% · UNP 41% · NSC 29%
Building Products 33 -11.1%10.1%23.0% GFF 335% · TT 178% · JCI 123%
Cargo Ground Transportation 16 31.6%5.2%22.4% XPO 269% · R 206% · ARCB 56%
Electrical Components & Equipment 37 -12.5%73.5%9.4% POWL 1987% · BE 965% · VRT 772%
Industrial Conglomerates 17 11.1%4.3%-8.0% CSW 120% · DD 67% · CSL 65%
Agricultural & Farm Machinery ← 16 3.1%-3.3%-12.6% DE 96% · TTC 13% · AGCO -7%
Data Processing & Outsourced Services 6 -24.3%-3.7%-20.1% EXLS 65% · BR 9% · G -18%
Office Services & Supplies 9 18.3%20.0%-27.7% PBI 188% · TILE 139% · HNI 39%
Security & Alarm Services 9 -57.8%14.7%-29.8% BCO 85%
Research & Consulting Services 13 -1.3%-17.9%-30.2% HURN 268% · FCN 5% · BAH 2%
Environmental & Facilities Services 29 -33.0%27.0%-32.7% GEO 239% · CLH 183% · RSG 91%
Passenger Ground Transportation 3 -26.4%60.5%-32.7% UBER 50% · CAR -33% · LYFT -65%
Passenger Airlines 11 -2.0%12.6%-38.0% LTM 3147% · UAL 113% · DAL 98%
Air Freight & Logistics 12 -28.8%-23.0%-39.7% FDX 78% · EXPD 77% · CHRW 61%
Human Resource & Employment Services 22 11.4%-15.0%-44.4% ADP 54% · PAYX 8% · FA 3%
Airport Services 4 -73.3%-68.4%-83.5% JOBY -49%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

BNCMSTRMARARIOTCOINHYFMMedian
NameBNB Stan.Strategy MARA Riot Pla.Coinbase.Hydrofarm 
Mkt Price5.09144.117.6714.41172.320.7611.04
Mkt Cap0.350.82.95.045.40.04.0
Rev LTM224988046756,283106586
Op Inc LTM-36-41-1,014-429734-37-39
FCF LTM--21,750-1,239-1,0971,714-5-1,097
FCF 3Y Avg--19,923-961-1,1441,9792-961
CFO LTM--20-895-4921,714-5-20
CFO 3Y Avg--39-708-3541,9904-39

Growth & Margins

BNCMSTRMARARIOTCOINHYFMMedian
NameBNB Stan.Strategy MARA Riot Pla.Coinbase.Hydrofarm 
Rev Chg LTM697.5%7.8%0.7%24.5%-10.4%-39.4%4.3%
Rev Chg 3Y Avg199.8%0.0%88.9%42.4%37.6%-28.4%40.0%
Rev Chg Q1,616.4%6.9%-26.7%13.9%-18.5%-40.9%-5.8%
QoQ Delta Rev Chg LTM43.2%1.6%-7.3%3.3%-4.2%-13.1%-1.3%
Op Inc Chg LTM-1,027.3%34.5%-68.2%-14.2%-61.3%19.3%-37.8%
Op Inc Chg 3Y Avg-330.9%-199.5%-92.6%-27.2%71.0%20.6%-59.9%
Op Mgn LTM-159.9%-8.1%-126.1%-63.5%11.7%-34.4%-49.0%
Op Mgn 3Y Avg-105.3%-9.1%-82.7%-74.9%20.4%-27.0%-51.0%
QoQ Delta Op Mgn LTM37.7%0.1%-21.7%-4.0%0.6%0.3%0.2%
CFO/Rev LTM--4.0%-111.3%-73.0%27.3%-4.4%-4.4%
CFO/Rev 3Y Avg--8.3%-94.9%-62.9%31.5%1.3%-8.3%
FCF/Rev LTM--4,364.3%-154.1%-162.7%27.3%-5.0%-154.1%
FCF/Rev 3Y Avg--4,185.4%-127.0%-242.0%31.3%0.2%-127.0%

Valuation

BNCMSTRMARARIOTCOINHYFMMedian
NameBNB Stan.Strategy MARA Riot Pla.Coinbase.Hydrofarm 
Mkt Cap0.350.82.95.045.40.04.0
P/S12.0101.93.67.47.20.07.3
P/Op Inc-7.5-1,254.3-2.9-11.761.9-0.1-5.2
P/EBIT1.6-2.3-0.8-3.8-39.3-0.0-1.6
P/E1.6-1.7-0.8-3.8-46.0-0.0-1.3
P/CFO--2,528.9-3.3-10.226.5-0.8-3.3
Total Yield61.0%-60.4%-121.1%-27.7%-2.2%-7,921.2%-44.1%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg--39.1%-17.7%-28.2%3.1%62.5%-17.7%
D/E0.10.10.80.20.144.00.2
Net D/E0.00.10.70.1-0.142.30.1

Returns

BNCMSTRMARARIOTCOINHYFMMedian
NameBNB Stan.Strategy MARA Riot Pla.Coinbase.Hydrofarm 
1M Rtn-14.9%-6.4%-42.1%-39.3%-11.3%-20.3%-17.6%
3M Rtn68.5%41.4%-37.4%-32.9%-2.0%11.7%4.9%
6M Rtn76.7%-12.1%-31.7%-17.2%-12.1%-18.6%-14.7%
12M Rtn-32.9%-51.4%-63.0%-34.5%-49.9%-74.4%-50.6%
3Y Rtn-31.6%314.1%-1.2%62.5%130.8%-92.2%30.6%
1M Excs Rtn-21.2%-13.1%-40.9%-39.0%-12.9%-21.4%-21.3%
3M Excs Rtn70.4%41.9%-40.4%-40.6%1.6%16.1%8.9%
6M Excs Rtn68.3%-20.6%-40.3%-26.1%-20.6%-27.1%-23.3%
12M Excs Rtn-48.1%-65.4%-76.1%-43.7%-63.8%-87.7%-64.6%
3Y Excs Rtn-109.5%275.1%-79.5%-23.1%57.0%-170.4%-51.3%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil2025202420232022
Retail and Industry28   
BNB Treasury Management0   
Corporate0   
Manufacture and sale of its products 0711
Total280711


Assets by Segment
$ Mil2025
Retail and Industry9
BNB Treasury Management0
Corporate0
Total9


Price Behavior

Price Behavior
Market Price$5.10 
Market Cap ($ Bil)0.3 
First Trading Date04/05/2011 
Distance from 52W High-33.9% 
   50 Days200 Days
DMA Price$4.45$3.65
DMA Trendupdown
Distance from DMA14.5%39.6%
 3M1YR
Volatility141.1%108.2%
Downside Capture171.75311.59
Upside Capture391.13199.49
Correlation (S&P 500)19.5%32.8%
BNC Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta3.041.352.432.582.750.89
Up Beta14.151.702.672.542.090.12
Down Beta1.49-0.403.794.764.283.35
Up Capture658%500%525%382%375%57%
Bmk +ve Days6162766132424
Stock +ve Days13253462113341
Down Capture-680%-380%-35%146%172%105%
Bmk -ve Days16263760120328
Stock -ve Days9162862133381

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BNC
BNC-33.2%108.2%0.10-
Sector ETF (XLI)10.9%17.2%0.4325.6%
Equity (SPY)16.8%12.7%0.9333.0%
Gold (GLD)-2.9%29.3%-0.1014.9%
Commodities (DBC)52.5%20.7%1.93-1.5%
Real Estate (VNQ)5.1%13.8%0.1113.8%
Bitcoin (BTCUSD)-23.7%43.6%-0.5035.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BNC
BNC-41.3%268.9%0.25-
Sector ETF (XLI)12.4%17.6%0.544.7%
Equity (SPY)13.6%17.1%0.616.2%
Gold (GLD)18.1%18.9%0.770.8%
Commodities (DBC)9.7%19.5%0.382.3%
Real Estate (VNQ)1.4%18.9%-0.030.3%
Bitcoin (BTCUSD)7.7%51.7%0.336.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BNC
BNC-32.6%220.9%0.30-
Sector ETF (XLI)13.1%20.0%0.573.4%
Equity (SPY)15.3%17.9%0.724.5%
Gold (GLD)12.1%16.4%0.602.4%
Commodities (DBC)8.2%18.1%0.373.2%
Real Estate (VNQ)5.2%20.7%0.211.7%
Bitcoin (BTCUSD)62.9%66.2%1.035.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9302026
Short Interest: Shares Quantity2.5 Mil
Short Interest: % Change Since 9152026-10.2%
Average Daily Volume1.8 Mil
Days-to-Cover Short Interest1.4 days
Basic Shares Quantity52.9 Mil
Short % of Basic Shares4.7%

Earnings Returns History

Updated 10/19/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/11/20269.8%24.6%8.3%
6/23/202618.5%19.8%26.0%
3/16/20260.9%-4.9%-12.6%
12/16/2025-0.5%1.1%-7.6%
9/23/2025-0.6%-2.0%-7.5%
SUMMARY STATS   
# Positive332
# Negative223
Median Positive9.8%19.8%17.2%
Median Negative-0.5%-3.5%-7.6%
Max Positive18.5%24.6%26.0%
Max Negative-0.6%-4.9%-12.6%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/11/20269.8%24.6%8.3%
6/23/202618.5%19.8%26.0%
3/16/20260.9%-4.9%-12.6%
12/16/2025-0.5%1.1%-7.6%
9/23/2025-0.6%-2.0%-7.5%
SUMMARY STATS   
# Positive332
# Negative223
Median Positive9.8%19.8%17.2%
Median Negative-0.5%-3.5%-7.6%
Max Positive18.5%24.6%26.0%
Max Negative-0.6%-4.9%-12.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
07/31/202609/11/202610-Q
01/31/202603/16/202610-Q
10/31/202512/15/202510-Q
04/30/202507/25/202510-KT
03/31/202505/15/202510-Q
12/31/202403/27/202510-K
09/30/202411/14/202410-Q
06/30/202408/14/202410-Q
03/31/202405/14/202410-Q
12/31/202303/29/202410-K
09/30/202311/14/202310-Q
06/30/202308/14/202310-Q
03/31/202305/15/202310-Q
12/31/202203/28/202310-K
09/30/202211/14/202210-Q
06/30/202208/11/202210-Q
Collapse to Preview
Report DateFiling DateFiling
07/31/202609/11/202610-Q
01/31/202603/16/202610-Q
10/31/202512/15/202510-Q
04/30/202507/25/202510-KT
03/31/202505/15/202510-Q
12/31/202403/27/202510-K
09/30/202411/14/202410-Q
06/30/202408/14/202410-Q
03/31/202405/14/202410-Q
12/31/202303/29/202410-K
09/30/202311/14/202310-Q
06/30/202308/14/202310-Q
03/31/202305/15/202310-Q
12/31/202203/28/202310-K
09/30/202211/14/202210-Q
06/30/202208/11/202210-Q
03/31/202205/12/202210-Q
12/31/202103/29/202210-K
09/30/202111/10/202110-Q
06/30/202108/10/202110-Q
03/31/202105/11/202110-Q
12/31/202003/24/202110-K
09/30/202011/12/202010-Q
06/30/202008/11/202010-Q
03/31/202006/25/202010-Q
12/31/201903/24/202010-K
09/30/201911/12/201910-Q
06/30/201908/07/201910-Q

Insider Activity

Updated 10/7/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1McDonald, Anthony KPresidentDirectBuy100720258.555,84849,999128,459Form
2McDonald, Anthony KPresidentDirectBuy100320257.861,2309,66872,131Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1McDonald, Anthony KPresidentDirectBuy100720258.555,84849,999128,459Form
2McDonald, Anthony KPresidentDirectBuy100320257.861,2309,66872,131Form
Core Cache Last Updated: 10/20/2026