Brand Engagement Financials
This page shows Brand Engagement (BNAI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Brand Engagement Network still behaves like a cash-funded development business, with cost cuts reducing losses faster than revenue proves demand year after year.
From FY2024 to FY2025, revenue rose to$275K while operating cash burn stayed near$5.1M , leaving the basic cash engine largely unchanged. Because financing inflow of$5.1M again almost covered that outflow as losses narrowed, the operating model remains capital-supported rather than self-funding through customer cash.
The better FY2025 loss profile appears to come mainly from a smaller overhead base, not from scale economics finally kicking in for the business. SG&A dropped to
The company is also running with very thin near-term liquidity: cash ended FY2025 at
Financial Health Signals
We are recalculating Brand Engagement's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Brand Engagement scores -3.63, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($96.4M) relative to total liabilities ($11.8M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Brand Engagement passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Brand Engagement generates $0.59 in operating cash flow (-$5.1M OCF vs -$8.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Brand Engagement earns $-30.8 in operating income for every $1 of interest expense (-$12.6M vs $410K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Brand Engagement generated $275K in revenue in fiscal year 2025. This represents an increase of 175.7% from the prior year.
Brand Engagement's EBITDA was -$8.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 74.0% from the prior year.
Brand Engagement reported -$8.6M in net income in fiscal year 2025. This represents an increase of 74.4% from the prior year.
Brand Engagement earned $-1.97 per diluted share (EPS) in fiscal year 2025. This represents an increase of 80.8% from the prior year.
Cash & Balance Sheet
Brand Engagement generated -$5.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 63.7% from the prior year.
Brand Engagement held $172K in cash against $0 in long-term debt as of fiscal year 2025.
Brand Engagement had 45M shares outstanding in fiscal year 2025. This represents an increase of 32.7% from the prior year.
Margins & Returns
Brand Engagement's operating margin was -4589.3% in fiscal year 2025, reflecting core business profitability. This is up 31961.4 percentage points from the prior year.
Brand Engagement's net profit margin was -3135.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 30651.2 percentage points from the prior year.
Brand Engagement's ROE was -249.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1025.7 percentage points from the prior year.
Capital Allocation
Brand Engagement invested $163K in research and development in fiscal year 2025. This represents a decrease of 85.5% from the prior year.
Brand Engagement invested $24K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 55.7% from the prior year.
BNAI Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $104K-47.8% | $200K+232.7% | $60K+1102.4% | $5K-50.0% | $10K | N/A | $50K | $0 |
| Cost of Revenue | N/A | N/A | N/A | N/A | $0 | N/A | $0 | $0 |
| Gross Profit | N/A | N/A | $60K+1102.4% | $5K-50.0% | $10K | N/A | $50K | $0 |
| R&D Expenses | $27K-81.9% | $149K+4192.2% | -$4K-149.1% | $7K-30.8% | $11K | N/A | $153K-56.9% | $356K |
| SG&A Expenses | $2.4M+0.2% | $2.4M+62.5% | $1.5M-21.4% | $1.8M-42.5% | $3.2M | N/A | $4.2M-20.0% | $5.3M |
| Operating Income | -$3.3M-0.1% | -$3.3M-43.8% | -$2.3M+18.0% | -$2.8M+32.0% | -$4.2M | N/A | -$5.3M+16.1% | -$6.3M |
| Interest Expense | $58K-73.9% | $220K+407.6% | $43K+100.9% | $22K-82.7% | $125K | N/A | $18K-7.4% | $19K |
| Income Tax | $47K | N/A | N/A | N/A | $0 | N/A | $0 | $0 |
| Net Income | -$3.1M+11.0% | -$3.4M-38.5% | -$2.5M-374.2% | $905K+125.1% | -$3.6M | N/A | -$5.8M-90.9% | -$3.0M |
| EPS (Diluted) | $-0.51 | N/A | $-0.06-400.0% | $0.02+102.2% | $-0.90 | N/A | $-0.16-77.8% | $-0.09 |
BNAI Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $16.3M+6.6% | $15.3M-6.5% | $16.4M-3.8% | $17.0M-5.1% | $17.9M-1.2% | $18.1M-43.2% | $31.9M-6.2% | $34.1M |
| Current Assets | $3.6M+119.9% | $1.6M-10.7% | $1.8M-6.1% | $2.0M+3.8% | $1.9M+53.5% | $1.2M+3.7% | $1.2M-51.7% | $2.4M |
| Cash & Equivalents | $1.8M+946.3% | $172K+67.6% | $103K+404.6% | $20K-91.4% | $236K+58.3% | $149K+104.8% | $73K-94.9% | $1.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $130K-47.9% | $250K+399.0% | $50K+456.9% | $9K-78.0% | $41K+32.4% | $31K0.0% | $31K | $0 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $9.0M-23.8% | $11.8M-8.3% | $12.9M+14.4% | $11.3M-22.8% | $14.6M-5.7% | $15.5M+9.2% | $14.2M+5.9% | $13.4M |
| Current Liabilities | $8.3M-23.1% | $10.8M-12.1% | $12.3M+17.9% | $10.4M-25.9% | $14.1M-1.1% | $14.3M+9.2% | $13.0M+1.2% | $12.9M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $7.3M+110.4% | $3.5M+0.2% | $3.5M-39.7% | $5.7M+72.8% | $3.3M+25.3% | $2.6M-85.1% | $17.8M-14.0% | $20.6M |
| Retained Earnings | -$58.7M-5.5% | -$55.6M-6.6% | -$52.2M-5.0% | -$49.7M+1.8% | -$50.6M-7.7% | -$47.0M-61.8% | -$29.1M-25.1% | -$23.2M |
BNAI Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.7M-1543.5% | $258K+340.6% | -$107K+95.9% | -$2.6M+0.7% | -$2.6M-10.7% | -$2.4M+22.3% | -$3.1M+24.9% | -$4.1M |
| Capital Expenditures | N/A | N/A | N/A | N/A | $0 | $0-100.0% | $27K+101.1% | $13K |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$2.6M-10.7% | -$2.4M+22.9% | -$3.1M+24.4% | -$4.1M |
| Investing Cash Flow | -$140K-125.0% | $561K+226.6% | -$443K-1318.0% | -$31K+71.7% | -$110K-68.5% | -$65K+43.7% | -$116K-262.9% | $71K |
| Financing Cash Flow | $5.5M+832.9% | -$750K-218.5% | $633K-73.9% | $2.4M-14.2% | $2.8M+12.3% | $2.5M+38.9% | $1.8M-14.5% | $2.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
BNAI Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | 100.0%0.0pp | 100.0%0.0pp | 100.0% | N/A | 100.0% | N/A |
| Operating Margin | -3196.2%-1531.1pp | -1665.1%+2188.3pp | -3853.3%+52652.8pp | -56506.2%-14965.2pp | -41540.9% | N/A | -10559.0% | N/A |
| Net Margin | -2934.5%-1215.3pp | -1719.2%+2409.2pp | -4128.4%-22230.0pp | 18101.6%+54203.9pp | -36102.3% | N/A | -11646.2% | N/A |
| Return on Equity | -42.0%+57.3pp | -99.3%-27.5pp | -71.9%-87.7pp | 15.8%+124.8pp | -109.0% | N/A | -32.8%-18.0pp | -14.8% |
| Return on Assets | -18.8%+3.7pp | -22.5%-7.3pp | -15.2%-20.5pp | 5.3%+25.4pp | -20.1% | N/A | -18.2%-9.3pp | -9.0% |
| Current Ratio | 0.43+0.3 | 0.150.0 | 0.15-0.0 | 0.19+0.1 | 0.13+0.0 | 0.090.0 | 0.09-0.1 | 0.19 |
| Debt-to-Equity | 1.24-2.2 | 3.42-0.3 | 3.74+1.8 | 1.97-2.4 | 4.42-1.4 | 5.86+5.1 | 0.80+0.2 | 0.65 |
| FCF Margin | N/A | N/A | N/A | N/A | -26278.6% | N/A | -6159.9% | N/A |
Note: The current ratio is below 1.0 (0.15), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Brand Engagement's annual revenue?
Brand Engagement (BNAI) reported $275K in total revenue for fiscal year 2025. This represents a 175.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Brand Engagement's revenue growing?
Brand Engagement (BNAI) revenue grew by 175.7% year-over-year, from $100K to $275K in fiscal year 2025.
Is Brand Engagement profitable?
No, Brand Engagement (BNAI) reported a net income of -$8.6M in fiscal year 2025, with a net profit margin of -3135.2%.
What is Brand Engagement's EBITDA?
Brand Engagement (BNAI) had EBITDA of -$8.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Brand Engagement's operating margin?
Brand Engagement (BNAI) had an operating margin of -4589.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Brand Engagement's net profit margin?
Brand Engagement (BNAI) had a net profit margin of -3135.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Brand Engagement's return on equity (ROE)?
Brand Engagement (BNAI) has a return on equity of -249.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Brand Engagement's free cash flow?
Brand Engagement (BNAI) generated -$5.1M in free cash flow during fiscal year 2025. This represents a 63.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Brand Engagement's operating cash flow?
Brand Engagement (BNAI) generated -$5.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Brand Engagement's total assets?
Brand Engagement (BNAI) had $15.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Brand Engagement's capital expenditures?
Brand Engagement (BNAI) invested $24K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Brand Engagement spend on research and development?
Brand Engagement (BNAI) invested $163K in research and development during fiscal year 2025.
What is Brand Engagement's current ratio?
Brand Engagement (BNAI) had a current ratio of 0.15 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Brand Engagement's debt-to-equity ratio?
Brand Engagement (BNAI) had a debt-to-equity ratio of 3.42 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Brand Engagement's return on assets (ROA)?
Brand Engagement (BNAI) had a return on assets of -56.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Brand Engagement's cash runway?
Based on fiscal year 2025 data, Brand Engagement (BNAI) had $172K in cash against an annual operating cash burn of $5.1M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Brand Engagement's Altman Z-Score?
Brand Engagement (BNAI) has an Altman Z-Score of -3.63, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Brand Engagement's Piotroski F-Score?
Brand Engagement (BNAI) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Brand Engagement's earnings high quality?
Brand Engagement (BNAI) has an earnings quality ratio of 0.59x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Brand Engagement cover its interest payments?
Brand Engagement (BNAI) has an interest coverage ratio of -30.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.