BON

MKT CAP:$8M

Bon Natural Life Limited

Market Cap

$8M

Consumer Defensive·Packaged Foods·🇰🇾 Cayman Islands·NASDAQ

Consumer Def.·Packaged Foods·🇰🇾·NASDAQ

Stock Price

$1.31-$0.40 (-23.55%)

Apr 22, 2026

Company Details

Bon Natural Life Limited, together with its subsidiaries, engages in the research and development, manufacture, and sale of functional active ingredients extracted from natural herb plants in the People's Republic of China and international...

CEO

Yongwei Hu

IPO Date

Jun 24, 2021

Website

www.bnlus.com

Key Metrics TTM

Revenue

$44M

-23.6% YoY

Net Income

$470.9K

EPS (Diluted)

$2.30

Free Cash Flow

-$5M

Revenue / Share

$16.05

Gross Margin

24.8%

Operating Margin

3.2%

Net Margin

1.1%

FCF Margin

-11.5%

P/S

0.2x

P/E

16.3x

Earnings Reports

FY 2025

Jan 22, 2026

$19MEPS -$0.72

Q4 2025

Jan 22, 2026

$11MEPS -$0.79

Q2 2025

Mar 30, 2025

$8M-21.9%EPS $0.50

Q2 2024

Mar 30, 2024

$10M-28.0%EPS -$0.01

FY 2023

Feb 9, 2024

$30M-1.3%EPS $125.00

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 18	$5M	$1M	$301.1K
Q4 18	$5M	$1M	$301.1K
Q2 19	$9M	$2M	$1M
Q4 19	$8M	$3M	$2M
Q2 20	$7M	$3M	$2M
Q4 20	$11M	$3M	$2M
Q2 21	$12M	$3M	$3M
Q4 21	$14M	$4M	$3M
Q2 22	$14M	$4M	$3M
Q4 22	$16M	$5M	$4M
Q2 23	$14M	$5M	$3M
Q4 23	$15M	$4M	$3M
Q2 24	$10M	$3M	$84.5K
Q2 25	$8M	$2M	$284.1K
Q4 25	$11M	$2M	-$2M

Valuation

Quarter	P/S	P/E
Q2 18	—	—
Q4 18	—	—
Q2 19	—	—
Q4 19	0.3x	2.7x
Q2 20	0.3x	1.8x
Q4 20	0.2x	1.4x
Q2 21	0.2x	1.1x
Q4 21	0.2x	1.0x
Q2 22	0.2x	0.9x
Q4 22	0.1x	0.7x
Q2 23	0.1x	0.7x
Q4 23	0.1x	0.7x
Q2 24	0.1x	0.9x
Q2 25	0.2x	1.6x
Q4 25	0.2x	16.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 18	$136.9K	-$705.4K
Q4 18	$136.9K	-$705.4K
Q2 19	$4M	$2M
Q4 19	$3M	-$2M
Q2 20	$547.2K	$116.3K
Q4 20	$2M	-$2M
Q2 21	$2M	$2M
Q4 21	$2M	-$3M
Q2 22	-$130.6K	-$4M
Q4 22	-$56.5K	-$1M
Q2 23	-$2M	-$2M
Q4 23	$2M	$1M
Q2 24	-$2M	-$2M
Q2 25	-$4M	-$4M
Q4 25	$4M	$65.1K

Capital Expenditures

Quarter	CapEx
Q2 18	$842.3K
Q4 18	$842.3K
Q2 19	$2M
Q4 19	$5M
Q2 20	$430.9K
Q4 20	$4M
Q2 21	$715
Q4 21	$5M
Q2 22	$4M
Q4 22	$1M
Q2 23	$18.1K
Q4 23	$503.9K
Q2 24	$694
Q2 25	$3
Q4 25	$4M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 20	+32.6%	+10.0%
Q4 20	+105.4%	+79.9%
Q2 21	+36.4%	+21.8%
Q4 21	+76.4%	+91.9%
Q2 22	+91.5%	+94.7%
Q4 22	+46.5%	+36.2%
Q2 23	+21.0%	+21.8%
Q4 23	+11.4%	+13.6%
Q2 24	-25.6%	-7.3%
Q2 25	-51.0%	-38.5%
Q4 25	-24.2%	+13.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 18	$0	0.0%
Q4 18	$0	0.0%
Q2 19	$0	0.0%
Q4 19	$0	0.0%
Q2 20	$0	0.0%
Q4 20	$0	0.0%
Q2 21	$0	0.0%
Q4 21	$0	0.0%
Q2 22	$0	0.0%
Q4 22	$0	0.0%
Q2 23	$0	0.0%
Q4 23	$0	0.0%
Q2 24	$0	0.0%
Q2 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q2 18	$278.0K	$447.9K	$159.3K	—
Q4 18	$278.0K	$447.9K	$159.3K	—
Q2 19	$165.5K	—	—	$1M
Q4 19	$357.4K	—	—	$483.5K
Q2 20	$128.5K	—	—	$871.6K
Q4 20	$76.9K	—	—	$657.2K
Q2 21	$107.0K	—	—	$732.3K
Q4 21	$142.1K	—	—	$730.0K
Q2 22	$164.7K	—	—	$1M
Q4 22	$259.9K	—	—	$1M
Q2 23	$130.0K	—	—	$2M
Q4 23	$168.5K	—	—	$1M
Q2 24	$890.4K	—	—	$2M
Q2 25	$96.5K	—	—	$2M
Q4 25	$657.7K	—	—	$3M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 18	$820.9K	$0	$820.9K
Q4 19	$293.8K	$0	$293.8K
Q2 20	$88.6K	$0	$88.6K
Q4 20	$53.1K	$0	$53.1K
Q2 21	$1M	$0	$1M
Q4 21	$2M	$2M	$4M
Q2 22	$2M	$132.1K	$2M
Q4 22	$840.9K	$0	$840.9K
Q2 23	$542.3K	$0	$542.3K
Q4 23	$111.3K	$0	$111.3K
Q2 24	$717.9K	$0	$717.9K
Q4 24	$80.5K	$0	$80.5K
Q2 25	$9M	$0	$9M
Q4 25	$6M	$0	$6M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 18	517K	—	—
Q4 18	517K	0.0%	—
Q2 19	517K	0.0%	—
Q4 19	517K	0.0%	—
Q2 20	517K	0.0%	0.0%
Q4 20	525K	+1.7%	+1.7%
Q2 21	580K	+10.4%	+12.3%
Q4 21	761K	+31.2%	+47.3%
Q2 22	839K	+10.2%	+62.3%
Q4 22	841K	+0.2%	+60.0%
Q2 23	898K	+6.8%	+54.8%
Q4 23	942K	+4.9%	+23.7%
Q2 24	1M	+36.5%	+53.3%
Q2 25	336K	-73.9%	-60.0%
Q4 25	3M	+719.8%	+206.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 18	—	—
Q4 18	—	—
Q2 19	—	—
Q4 19	—	—
Q2 20	—	—
Q4 20	—	—
Q2 21	—	—
Q4 21	$148.3K	93
Q2 22	$147.2K	93
Q4 22	$157.5K	103
Q2 23	$137.4K	103
Q4 23	$160.1K	96
Q2 24	$106.1K	96
Q2 25	$82.0K	97
Q4 25	$111.7K	96

Revenue / Employee