Brand Engagement Financials
Brand Engagement (BNAI) reported $275K in revenue for fiscal year 2025, up 175.7% from the prior fiscal year. This page shows its 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).
Cost reductions, not revenue scale, are carrying the business while weak liquidity keeps financing central.
FY2025 paired$275K of revenue with SG&A of$8.9M , indicating a much smaller cost base than the prior year. The simultaneous improvement in operating loss and operating cash flow shows spending restraint, rather than proven scale economics, drove the better result.
Current assets of
FY2025 financing cash flow of
Financial Health Signals
Brand Engagement does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Brand Engagement scores -3.73, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($94.4M) 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 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Brand Engagement reported a net loss of $8.6M while operations used $5.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Brand Engagement reported an operating loss of $12.6M against $410K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
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.
Cash & Balance Sheet
Brand Engagement recorded an outflow of $5.1M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 63.7% from the prior year.
Brand Engagement held $172K in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
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.
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
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.
Not reported for fiscal year 2025.
BNAI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $57K-45.8% | $104K-47.8% | $200K+232.7% | $60K+1102.4% | $5K-50.0% | $10K | N/A | $50K |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | $0 | N/A | $0 |
| Gross Profit | N/A | N/A | N/A | $60K+1102.4% | $5K-50.0% | $10K | N/A | $50K |
| R&D Expenses | $5K-81.4% | $27K-81.9% | $149K+3992.2% | -$4K-50.9% | $7K-30.8% | $11K | N/A | $153K |
| SG&A Expenses | $2.6M+11.5% | $2.4M+0.2% | $2.4M+62.5% | $1.5M-21.4% | $1.8M-42.5% | $3.2M | N/A | $4.2M |
| Operating Income | -$3.5M-5.9% | -$3.3M-0.1% | -$3.3M-43.8% | -$2.3M+18.0% | -$2.8M+32.0% | -$4.2M | N/A | -$5.3M |
| Interest Expense | $15K-74.5% | $58K-73.9% | $220K+407.6% | $43K+100.9% | $22K-82.7% | $125K | N/A | $18K |
| Income Tax | $10K-78.7% | $47K | N/A | N/A | N/A | $0 | N/A | $0 |
| Net Income | -$3.4M-9.9% | -$3.1M+11.0% | -$3.4M-38.5% | -$2.5M-374.2% | $905K+125.1% | -$3.6M | N/A | -$5.8M |
| EPS (Diluted) | -$0.49+3.9% | -$0.51 | -$1.84 | -$0.06 | $0.21+123.3% | -$0.90-73.1% | -$0.52-225.0% | -$0.16 |
BNAI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $30.7M+88.3% | $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 |
| Current Assets | $2.6M-27.3% | $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 |
| Cash & Equivalents | $708K-60.7% | $1.8M+946.3% | $172K+67.6% | $103K+404.6% | $20K-91.4% | $236K+58.3% | $149K+104.8% | $73K |
| Accounts Receivable | N/A | $130K-47.9% | $250K+399.0% | $50K+456.9% | $9K-78.0% | $41K+32.4% | $31K0.0% | $31K |
| Goodwill | $10.8M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $11.3M+24.8% | $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 |
| Current Liabilities | $9.3M+11.4% | $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 |
| Long-Term Debt | $58K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $19.4M+167.0% | $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 |
| Retained Earnings | -$62.1M-5.7% | -$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 |
Not reported in any period shown, so not listed: Inventory.
BNAI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.9M+49.4% | -$3.7M-1543.5% | $258K+340.6% | -$107K+95.9% | -$2.6M+0.7% | -$2.6M-10.7% | -$2.4M+22.3% | -$3.1M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | $0 | $0-100.0% | $27K |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | -$2.6M-10.7% | -$2.4M+22.9% | -$3.1M |
| Investing Cash Flow | -$9.7M-6794.2% | -$140K-125.0% | $561K+226.6% | -$443K-1318.0% | -$31K+71.7% | -$110K-68.5% | -$65K+43.7% | -$116K |
| Financing Cash Flow | $10.4M+90.2% | $5.5M+832.9% | -$750K-218.5% | $633K-73.9% | $2.4M-14.2% | $2.8M+12.3% | $2.5M+38.9% | $1.8M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
BNAI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | 100.0%0.0pp | 100.0%0.0pp | 100.0% | N/A | 100.0% |
| Operating Margin | -6242.5% | -3196.2% | -1665.1% | -3853.3% | -56506.2% | -41540.9% | N/A | -10559.0% |
| Net Margin | -5946.3% | -2934.5% | -1719.2% | -4128.4% | 18101.6% | -36102.3% | N/A | -11646.2% |
| Return on Equity | -17.3%+24.7pp | -42.0%+57.3pp | -99.3%-27.5pp | -71.9%-87.7pp | 15.8%+124.8pp | -109.0% | N/A | -32.8% |
| Return on Assets | -10.9%+7.8pp | -18.8%+3.7pp | -22.5%-7.3pp | -15.2%-20.5pp | 5.3%+25.4pp | -20.1% | N/A | -18.2% |
| Current Ratio | 0.28-0.2x | 0.43+0.3x | 0.150.0x | 0.150.0x | 0.19+0.1x | 0.130.0x | 0.090.0x | 0.09 |
| Debt-to-Equity | 0.00-1.2x | 1.24-2.2x | 3.42-0.3x | 3.74+1.8x | 1.97-2.4x | 4.42-1.4x | 5.86+5.1x | 0.80 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | -26278.6% | N/A | -6159.9% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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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Where Brand Engagement Ranks
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.
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 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) recorded an outflow of $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) recorded an outflow of $5.1M in operating cash flow during fiscal year 2025, representing cash used by 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.
How does Brand Engagement's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Brand Engagement (BNAI) held $172K in cash, cash equivalents and investments, and reported an operating cash outflow of $5.1M over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Brand Engagement's Altman Z-Score?
Brand Engagement (BNAI) has an Altman Z-Score of -3.73, 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 5 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) reported a net loss of $8.6M while operations used $5.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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) reported an operating loss of $12.6M against $410K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.