Overview
Compare with AVAX ONE TECHNOLOGY LTD., FG Communities Holdings Inc. or Chaince Digital Holdings Inc., or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
39.3%Gross margin5
-750.9%Operating margin5
-709.5%Net margin5
1.1%Revenue growth, 20255
-657.8%Return on equity5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Supply Chain brought in 54% of the revenue BNB Plus Corp broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Supply Chain | $1.2M | $1.1M |
| Large Scale DNA Production | $584.1K | $612.4K |
| Research and Development Services (Over-Time) | $311.2K | $375.8K |
Business segments
DNA Tagging and Security Products brought in 54% of the revenue BNB Plus Corp broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| DNA Tagging and Security Products | $1.2M | $1.1M |
| Therapeutic DNA Production | $895.4K | $988.1K |
Regions
Asia and other brought in 48% of the revenue BNB Plus Corp broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| Asia and other | $989.2K | $1.0M |
| Americas | $951.9K | $1.0M |
| Europe | $172.4K | $105.6K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue7¢$1.3M
- Research and development32¢$6.0M
- Selling, general and admin58¢$10.9M
- Income tax4¢$684.1K
Out of $2.1M in revenue.5 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.5
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Total revenues | $2.1M | $2.1M |
| Cost of product revenues | $1.3M | $1.1M |
| Gross profit | $838.9K | $974.8K |
| Selling, general and administrative | $10.9M | $11.0M |
| Research and development | $6.0M | $3.6M |
| Total operating expenses | $16.9M | $14.6M |
| LOSS FROM OPERATIONS | -$16.0M | -$13.7M |
| Interest income | $192.9K | $120.5K |
| Transaction costs allocated to warrant liabilities | -$633.2K | |
| Unrealized gain on change in fair value of warrants classified as a liability | $319.6K | $9.4M |
| Unrealized loss on change in fair value of warrants classified as a liability-warrant modification | -$394.0K | |
| Loss on issuance of warrants | -$1.6M | |
| Other expense, net | -$106.6K | -$8.9K |
| Loss before provision for income taxes | -$15.6M | -$6.8M |
| Income tax provision benefit | $684.1K | |
| Net loss from continuing operations | -$15.0M | -$6.8M |
| Net loss from discontinued operations, net of tax | -$392.7K | -$300.5K |
| NET LOSS | -$15.3M | -$7.1M |
| Less: Net loss attributable to noncontrolling interest | $188.5K | $95.8K |
| NET LOSS attributable to BNB Plus Corp. | -$15.2M | -$7.0M |
| Deemed dividend related to warrant modifications | -$54.3M | -$233.1K |
| NET LOSS attributable to common stockholders | -$69.5M | -$7.2M |
| Net loss per share attributable to common stockholders-continuing operations - basic (in dollars per share) | -$133 | -$1.3K |
| Net loss per share attributable to common stockholders-continuing operations - diluted (in dollars per share) | -$133 | -$1.3K |
| Net loss per share attributable to common stockholders-discontinued operations - basic (in dollars per share) | -$1 | -$57 |
| Net loss per share attributable to common stockholders-discontinued operations - diluted (in dollars per share) | -$1 | -$57 |
| Net loss income per share attributable to common stockholders - basic (in dollars per share) | -$134.23 | -$1,366.42 |
| Net loss income per share attributable to common stockholders - diluted (in dollars per share) | -$134.23 | -$1,366.42 |
| Weighted average shares outstanding- basic (in shares) | 517.7K shares | 5.3K shares |
| Weighted average shares outstanding- diluted (in shares) | 517.7K shares | 5.3K shares |
Every line of the balance sheet in the latest annual report, as filed.5
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Cash and cash equivalents | $1.7M | $5.9M | |
| Accounts receivable, net of allowance for credit losses of $0 and $75,000 at September 30, 2025 and 2024, respectively | $237.4K | $328.3K | |
| Inventories | $84.1K | $432.7K | |
| Prepaid expenses and other current assets | $242.2K | $756.2K | |
| Current assets of discontinued operations | $7.0K | $678.1K | |
| Total current assets | $2.2M | $8.0M | |
| Property and equipment, net | $242.7K | $458.9K | |
| Noncurrent assets of discontinued operations | $94.3K | ||
| Restricted cash | $750.0K | $750.0K | |
| Security deposit | $3.0K | ||
| Intangible assets | $2.7M | ||
| Operating right of use asset | $193.2K | $739.2K | |
| Deferred offering costs | $1.0M | ||
| Total assets | $4.4M | $12.8M | |
| Accounts payable and accrued liabilities | $2.3M | $1.7M | |
| Operating lease liability, current | $193.2K | $545.9K | |
| Deferred revenue | $12.3K | $58.8K | |
| Current liabilities of discontinued operations | $56.1K | ||
| Total current liabilities | $2.5M | $2.4M | |
| Long term accrued liabilities | $31.5K | $31.5K | |
| Deferred revenue, long term | $194.0K | ||
| Operating lease liability, long term | $193.2K | ||
| Deferred tax liability, net | $684.1K | ||
| Warrants classified as a liability | $370 | $320.0K | |
| Total liabilities | $2.5M | $3.8M | |
| Common stock, par value $0.001 per share; 200,000,000 shares authorized as of September 30, 2025 and 2024; 1,662,601 and 13,755 shares issued and outstanding as of September 30, 2025 and 2024, respectively | $1.7K | $14 | |
| Additional paid in capital | $381.5M | $318.8M | |
| Accumulated deficit | -$379.2M | -$309.7M | |
| BNB Plus Corp., Inc. stockholders' equity | $2.3M | $9.1M | |
| Noncontrolling interest | -$363.1K | -$174.5K | |
| Total equity | $1.9M | $9.0M | $4.9M |
| Total liabilities and equity | $4.4M | $12.8M | |
| Allowance on accounts receivable | $0 | $75.0K | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized | 200.0M shares | 200.0M shares | |
| Common stock, shares issued | 1.7M shares | 13.8K shares | |
| Common stock, shares outstanding | 1.7M shares | 13.8K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.5
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Net loss | -$15.3M | -$7.1M |
| Net loss from discontinued operations | -$392.7K | -$300.5K |
| Net loss from continuing operations | -$15.0M | -$6.8M |
| Depreciation and amortization | $384.2K | $432.6K |
| Deferred income tax benefit | -$684.1K | |
| Impairment of intangible asset | $2.7M | |
| Loss on write-off of property and equipment | $145.1K | |
| Unrealized gain on change in fair value of warrants classified as a liability | -$319.6K | -$9.4M |
| Unrealized loss on change in fair value of warrants classified as a liability-warrant modification | $394.0K | |
| Transaction costs allocated to warrant liabilities | $633.2K | |
| Loss on issuance of warrants | $1.6M | |
| Shares issued Spindle earnout | $17.1K | |
| Stock-based compensation | $102.0K | $572.3K |
| Bad debt expense | $6.5K | |
| Accounts receivable | -$5.6K | -$115.3K |
| Inventories | $348.6K | -$118.6K |
| Prepaid expenses, other current assets and deposits | $511.1K | -$391.7K |
| Accounts payable and accrued liabilities | -$516.7K | -$412.2K |
| Deferred revenue | $43.5K | -$17.6K |
| Net cash used in operating activities from continuing operations | -$12.2M | -$13.6M |
| Purchase of property and equipment | -$313.1K | -$407.9K |
| Net cash used in investing activities from continuing operations | -$313.1K | -$407.9K |
| Net proceeds from exercise of warrants | $2.5M | $394 |
| Capitalized offering costs | -$166.3K | |
| Net proceeds from issuance of common stock and pre-funded warrants | $5.7M | $13.4M |
| Net cash provided by financing activities from continuing operations | $8.1M | $13.4M |
| Cash used in operating activities | -$276.0K | -$121.2K |
| Cash provided by investing activities | $21.0K | $0 |
| Net cash used in discontinued operations | -$255.0K | -$121.2K |
| Net decrease in cash, cash equivalents and restricted cash | -$4.8M | -$720.7K |
| Cash paid during period for income taxes | $2.4M | $6.6M |
| Transaction costs included in accounts payable | $843.7K | |
| Deemed dividend warrant modifications | $54.3M | $233.1K |
| Warrants issued, cashlessly | $1.3K | |
| Property and equipment acquired and included in accounts payable | $3.5K |
Leadership
Who has led BNB Plus Corp, and when. Pick a name to see everywhere that person has worked.
Board members and other officers (1)
- Chief investment officerPatrick Horsman1
Employees over time
- 2025261
Former names
Timeline
- 1983Founded Founded1
Recent filings
- Oct 2, 20268-K
- Oct 2, 20268-K/A
- Oct 1, 20268-K
- Oct 1, 2026RW
- Sep 16, 20264 OWNERSHIP DOCUMENT
- Sep 16, 20264 OWNERSHIP DOCUMENT
- Sep 16, 20264 OWNERSHIP DOCUMENT
- Sep 14, 20263 OWNERSHIP DOCUMENT
- Sep 14, 20263 OWNERSHIP DOCUMENT
- Sep 14, 20263 OWNERSHIP DOCUMENT
- Sep 4, 2026SCHEDULE 13D/A
- Sep 3, 20268-K
- Aug 27, 2026SCHEDULE 13D/A
- Aug 14, 2026SCHEDULE 13G/A
- Aug 13, 202610-Q
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitewww.bnb.plus1
- X (Twitter)x.com/BNBX_Corp1
- WikidataQ138932758
- SEC EDGARCIK 744452
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataBNB Plus Corp on Wikidata
- 2SEC EDGARBNB Plus Corp filings on SEC EDGAR
- 3Yahoo FinanceBNBX quote
- 4Company websiteBNB Plus Corp logo
- 5SEC EDGARBNB Plus Corp 10-K for fiscal 2025
- 6SEC EDGARBNB Plus Corp filings on SEC EDGAR
- 7SEC EDGARBNB Plus Corp 10-K for fiscal 2018
- 8SEC EDGARBNB Plus Corp 10-K for fiscal 2020
- 9SEC EDGARBNB Plus Corp 10-K for fiscal 2021
- 10SEC EDGARBNB Plus Corp 10-K for fiscal 2022
- 11SEC EDGARBNB Plus Corp 10-K for fiscal 2023
- 12SEC EDGARBNB Plus Corp 10-K for fiscal 2019
- 13SEC EDGARBNB Plus Corp 10-Q for fiscal 2026
- 14SEC EDGARBNB Plus Corp 10-Q for fiscal 2026