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BNAI

Brand Engagement Network, Inc.

BNAI

Brand Engagement Network, Inc. • NASDAQ
$0.39 ▲ 4.39% (+0.02)
Market Cap $17.81 M
52w High $1.18
52w Low $0.23
Dividend Yield 0%
P/E -0.53
Volume 463.16K
Outstanding Shares 45.14M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $60.12K ▲ $2.377M ▲ $-2.482M ▼ -4.128K% ▼ $-0.059 ▼ $-563.655K ▼
Q2-2025 $5K ▼ $1.855M ▼ $905.08K ▲ 18.102K% ▲ $0.021 ▲ $1.902M ▲
Q1-2025 $10K ▲ $3.225M ▼ $-3.61M ▲ -36.102K% ▼ $-0.09 ▲ $-2.546M ▲
Q4-2024 $0 ▼ $3.641M ▼ $-17.958M ▼ 0% ▲ $-0.454 ▼ $-16.861M ▼
Q3-2024 $50K $4.279M $-5.823M -11.646K% $-0.164 $-4.833M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $102.715K ▲ $16.372M ▼ $12.919M ▲ $3.453M ▼
Q2-2025 $20.356K ▼ $17.022M ▼ $11.297M ▼ $5.725M ▲
Q1-2025 $236.229K ▲ $17.938M ▼ $14.626M ▼ $3.312M ▲
Q4-2024 $149.273K ▲ $18.15M ▼ $15.505M ▲ $2.644M ▼
Q3-2024 $72.878K $31.949M $14.198M $17.752M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-2.482M ▼ $-107.259K ▲ $-442.947K ▼ $632.565K ▼ $82.359K ▲ $-550.21K ▲
Q2-2025 $905.08K ▲ $-2.609M ▲ $-31.238K ▲ $2.425M ▼ $-215.873K ▼ $-2.641M ▲
Q1-2025 $-3.61M ▲ $-2.628M ▼ $-110.274K ▼ $2.825M ▲ $86.956K ▲ $-2.738M ▼
Q4-2024 $-17.958M ▼ $-2.374M ▲ $-65.427K ▲ $2.515M ▲ $76.395K ▲ $-2.439M ▲
Q3-2024 $-5.823M $-3.078M $-116.233K $1.836M $-1.359M $-3.194M

Five-Year Company Overview

Income Statement

Income Statement Brand Engagement Network is still in a very early, “build first, monetize later” stage. The company has essentially no meaningful revenue yet, but it is already carrying ongoing operating losses. Those losses have been growing more recently, which is normal for a young technology company investing in product and go‑to‑market, but it also means there is no visibility yet on when the business might break even. Earlier small profits now look more like a pre‑commercial phase before the current AI build‑out. The financial story today is all about spending ahead of future revenue, not about current earnings strength.

Balance Sheet

Balance Sheet The balance sheet is very small and quite thin. Total assets and equity have shrunk over time, and reported cash is minimal, while there is essentially no debt. That combination suggests the company does not have a large financial cushion and is likely dependent on raising outside capital to fund its plans. On the positive side, the absence of debt reduces default risk, but the limited asset base and equity mean any setbacks or delays in commercialization could pressure the company’s financial flexibility. This is a classic early‑stage, capital‑hungry profile rather than a mature, self‑funding one.

Cash Flow

Cash Flow Cash flow from operations is negative, reflecting the fact that the company is spending more on people, technology, and go‑to‑market than it brings in from customers. Free cash flow is also negative, though the business appears to be very light on physical investment, which fits a software and AI model. The main question is runway: how long the company can sustain current spending before needing new capital. For now, cash burn looks modest in absolute terms but meaningful relative to the company’s small size and limited balance sheet resources.

Competitive Edge

Competitive Edge Competitively, Brand Engagement Network is trying to own a specific niche: “business‑safe” conversational AI for regulated industries like healthcare, finance, and automotive. Its pitch is tighter control, security, and compliance versus the big, general‑purpose AI platforms. The focus on a controlled, company‑specific data environment and compliance standards like HIPAA and SOC 2 is a real differentiator for risk‑sensitive clients. Partnerships in healthcare and automotive, as well as a regional licensing deal in Latin America and Spain, show early traction and help extend reach without massive sales teams. However, the company is tiny compared with large AI and cloud providers, and it will need to prove that this specialization can translate into durable, recurring contracts before its competitive position can be considered secure.

Innovation and R&D

Innovation and R&D Innovation is the heart of this story. The company’s Engagement Language Model and RAG‑based “walled garden” design aim to reduce AI errors and keep outputs compliant and on‑brand, which matters a lot in high‑stakes industries. The iSKYE platform, with its ability to run on standard hardware and even offline, is well‑aligned with clients that care about cost, privacy, and control. A portfolio of dozens of patents, vertical solutions like BENAuto for dealers and service centers, and healthcare‑specific assistants all point to a focused, applied R&D strategy rather than generic AI experimentation. The planned acquisition of a media technology firm and an innovation lab in Korea suggest ongoing product expansion and experimentation. The flip side is that such heavy R&D and product development are costly, and the AI field is moving extremely fast, so the company must keep innovating just to stay relevant.

Summary

Brand Engagement Network is a newly public, SPAC‑listed AI company with an ambitious vision and very early‑stage financials. It is essentially pre‑revenue, loss‑making, and reliant on external funding, with a lean balance sheet but no significant debt. The core of the story is a specialized, compliance‑focused AI platform for regulated industries, backed by proprietary technology, patents, and a growing set of partnerships and industry‑specific solutions. If the company can convert its innovation and early partnerships into recurring, scalable revenue, the financial profile could change quickly. Until then, the picture is one of high potential but also high execution and funding risk, with outcomes heavily dependent on successful commercialization and disciplined cost management in a highly competitive AI landscape.

NEWS

November 10, 2025 · 6:15 AM UTC

Brand Engagement Network Finalizes $5 Million Exclusive AI Licensing Partnership in Latin America, Unlocking Government and Commercial Markets

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October 14, 2025 · 6:40 AM UTC

Brand Engagement Network Reports Second Quarter 2025 Results

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September 19, 2025 · 6:00 AM UTC

BEN Appoints Dr. Ruy Carrasco to Board; Company to Debut Insurance AI Agent at Swiss Life Network Partners Conference in London

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