Brand Engagement Network (NASDAQ: BNAI) Reports Filing of Cataneo Financial Statements and Provides Business Update
Cataneo’s audited 2025 results show faster cash generation, rising contracted revenue and identified cost synergies for BEN following the June acquisition.
Rhea-AI Summary
Brand Engagement Network (BNAI) filed a Form 8-K/A providing audited financial statements for recently acquired Cataneo GmbH, whose acquisition closed on June 30, 2026.
For fiscal 2025, Cataneo generated revenue of $9.6 million, with operating income more than doubling year over year to $726,065, up from $345,725 in 2024. Operating cash flow also more than doubled to $1.85 million, compared with $848,000 in 2024. Total contract liabilities, representing future revenue already billed or collected, increased about 19% to $4.5 million at year-end 2025 from $3.8 million a year earlier.
BEN is executing on a previously disclosed $900,000 annualized cost-synergy target for the Cataneo integration and has identified additional headcount-related savings. The companies recently unveiled conversational advertising technology at IBC2026 and are positioning Cataneo’s MYDAS media monetization platform within BEN’s AI engagement portfolio.
Positive
- Operating cash flow more than doubled to $1.85 million in fiscal 2025, from $848,000 in 2024
- Operating income more than doubled to $726,065 in 2025 on $9.6 million revenue, from $345,725 in 2024
- Contract liabilities rose about 19% to $4.5 million at year-end 2025, from $3.8 million in 2024
- Cost synergies targeted at $900,000 annualized, with additional headcount savings identified
- Cataneo’s MYDAS platform supports advertising operations for over 1,000 media brands and 200+ channels worldwide
Negative
- None.
Key Figures
- Operating cash flow
- $1.85 million
- Cataneo fiscal 2025, up from $848,000 in fiscal 2024
- Operating cash flow
- $848,000
- Cataneo fiscal 2024
- Operating income
- $726,065
- Cataneo fiscal 2025, on revenue of $9.6 million
- Operating income
- $345,725
- Cataneo fiscal 2024
- Revenue
- $9.6 million
- Cataneo fiscal 2025
- Contract liabilities
- $4.5 million
- Cataneo at year-end 2025
- Contract liabilities
- $3.8 million
- Cataneo at year-end 2024
- Annualized cost synergies
- $900,000
- Previously disclosed Cataneo integration target
Historical Context
-
Cataneo-linked conversational advertising technology was unveiled for broadcast and streaming content
-
Cataneo planned an AI-enhanced MYDAS platform showcase at IBC2026
-
BEN reported completion of its Cataneo acquisition and disclosed transaction consideration
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
form 8-k/a regulatory
operating cash flow financial
contract liabilities financial
unaudited financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Key Cataneo Financial Highlights (Pre-Acquisition):
- Cataneo's operating cash flow more than doubled to
$1.85 million $848,000 - Cataneo's operating income more than doubled year over year to
$726,065 $345,725 $9.6 million - Total contract liabilities — representing future revenue already billed or collected — grew approximately
19% to$4.5 million $3.8 million - The company continues to execute against its previously disclosed
$900,000
"This filing gives investors a transparent look at the business we acquired," said Tyler Luck, Chief Executive Officer of BEN. "Cataneo converts its earnings into cash at a high rate, and its growing base of contracted, recurring revenue gives us real visibility into the business going forward. Integration with our conversational AI platform is progressing, and we see meaningful long-term opportunity in the media and advertising space."
The Cataneo financial information for the years ended December 31, 2025 and 2024 referenced above is audited. Interim financial information as of and for the three months ended March 31, 2026, included in the Form 8-K/A, is unaudited.
"Cataneo's steady operating performance is a testament to the quality of its software solutions and strong product-market fit, and we look forward to sustained business momentum for Cataneo within BNAI," said Walid Khiari, Chief Financial Officer and Chief Operating Officer of BEN.
The filing follows closely on BEN and Cataneo's joint announcement at IBC2026 in
The acquisition brings Cataneo's MYDAS platform — which supports advertising sales, scheduling, traffic, and monetization for more than 1,000 media brands and over 200 broadcast and digital channels worldwide — into BEN's enterprise AI engagement portfolio.
The Form 8-K/A, including complete financial statements and notes, is available on the SEC's EDGAR system at www.sec.gov.
About Brand Engagement Network, Inc. (NASDAQ: BNAI)
Brand Engagement Network, Inc. (NASDAQ: BNAI) builds secure, enterprise-grade AI for the engagement layer between companies and consumers, connecting human intent to organizational data, workflows, and outcomes inside closed-loop, governed environments. For more information, visit www.brandengagementnetwork.com.
About Cataneo GmbH
Cataneo GmbH is a global provider of enterprise software for advertising sales, scheduling, traffic, and content management across linear, digital, and on-demand media. For more information, visit www.cataneo.de
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Statements other than historical fact — including those regarding the benefits and integration of the Cataneo acquisition and targeted synergies, the prospects for and future performance of BEN and Cataneo as a combined company, and the projected market size for TV advertising revenue — are forward-looking and subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Risks include, but are not limited to, the ability to realize the expected benefits of the Cataneo acquisition; the successful integration of Cataneo's technology, operations, and personnel; the Company's ability to expand its AI capabilities into new markets and applications; customer adoption and retention; competition; financial performance; and other risks described in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and subsequent filings. BEN undertakes no obligation to update these statements except as required by law.
Contacts
Investor Relations: investors@beninc.ai
Media: media@beninc.ai
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SOURCE Brand Engagement Network, Inc. (BEN)
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Are Cataneo’s financial statements audited or unaudited in the new filing?
The Cataneo financial information for the years ended December 31, 2025 and 2024 is audited. Interim financial information as of and for the three months ended March 31, 2026, which is also included in the Form 8-K/A, is unaudited.
What cost synergies does BEN expect from integrating Cataneo?
BEN continues to execute against a previously disclosed $900,000 annualized cost-synergy target for the Cataneo integration and has identified additional headcount-related savings beyond that earlier guidance.
What new product capability did BEN and Cataneo announce at IBC2026?
At IBC2026 in Amsterdam, BEN and Cataneo unveiled conversational advertising technology designed to turn traditional commercial breaks into real-time, one-to-one interactions, allowing viewers to engage directly with AI agents embedded in broadcast and streaming content instead of watching static ads.
What market opportunity are BEN and Cataneo targeting with their combined technology?
Industry researcher Omdia projects global connected TV advertising revenue will grow from $44 billion in 2025 to $81 billion by 2030, a market that BEN and Cataneo are positioning their combined technology to serve.
What is Cataneo’s MYDAS platform and its current reach?
Cataneo’s MYDAS platform supports advertising sales, scheduling, traffic and monetization for more than 1,000 media brands and over 200 broadcast and digital channels worldwide, and is now part of BEN’s enterprise AI engagement portfolio.
Where can investors access the full Cataneo financial statements?
The complete Cataneo financial statements and notes included in the Form 8-K/A are available on the SEC’s EDGAR system at www.sec.gov.