CEA Industries posted a net loss of USD 11.4 million for the three months ended July 31, 2026.
Revenue fell 4.6% to USD 7.17 million versus the combined prior-year quarter, reflecting a USD 250,000 drop at Fat Panda.
Operating loss widened to USD 21.23 million, driven by a USD 15.29 million unrealized loss on digital assets.
Other income swung to USD 9.93 million, helped by a USD 9.98 million gain from warrant liability revaluation.
BNB holdings totaled 515,544 tokens valued at USD 302.3 million at quarter-end; CEO David Namdar exited, and CFO William B. Miller became interim principal executive officer.
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