BNAIW - Brand Engagement N... Stock Analysis | Stock Taper
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Brand Engagement Network, Inc.

BNAIW

Brand Engagement Network, Inc. NASDAQ
$0.33 19.60% (+0.05)

Market Cap $16.77 M
52w High $0.33
52w Low $0.07
P/E 0
Volume 287.40K
Outstanding Shares 51.36M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $60.12K $501.83K $-2.48M -4.13K% $-0.59 $-563.65K
Q2-2025 $5K $1.86M $905.08K 18.1K% $0.21 $1.9M
Q1-2025 $10K $4.16M $-3.61M -36.1K% $-0.9 $-2.55M
Q4-2024 $0 $18.07M $-17.96M 0% $-4.54 $-16.86M
Q3-2024 $50K $5.33M $-5.82M -11.65K% $-1.64 $-4.83M

What's going well?

Revenue grew more than tenfold this quarter, showing the company can generate sales. The share count is stable, so existing investors aren't being diluted.

What's concerning?

Costs are wildly out of control, leading to massive losses despite higher sales. Margins are deeply negative, and the business is losing much more money than it brings in.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $102.72K $16.37M $12.92M $3.45M
Q2-2025 $20.36K $17.02M $11.3M $5.73M
Q1-2025 $236.23K $17.94M $14.63M $3.31M
Q4-2024 $149.27K $18.15M $15.51M $2.64M
Q3-2024 $72.88K $31.95M $14.2M $17.75M

What's financially strong about this company?

Intangible assets are large, and there are no hidden or off-balance-sheet liabilities. The company still has positive equity.

What are the financial risks or weaknesses?

Cash is extremely low, debt is rising fast, and most of it is due soon. Equity is shrinking, and the company has a long history of losses.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-2.48M $-107.26K $-442.95K $632.57K $82.36K $-550.21K
Q2-2025 $905.08K $-2.61M $-31.24K $2.42M $-215.87K $-2.64M
Q1-2025 $-3.61M $-2.63M $-110.27K $2.83M $86.96K $-2.74M
Q4-2024 $-17.96M $-2.37M $-65.43K $2.52M $76.39K $-2.44M
Q3-2024 $-5.82M $-3.08M $-116.23K $1.84M $-1.36M $-3.19M

What's strong about this company's cash flow?

Cash burn is shrinking rapidly, and the company managed to boost its cash balance this quarter. Operating losses are now much smaller than before.

What are the cash flow concerns?

The company is still not generating cash from its core business and relies on borrowing to stay afloat. Working capital gains are likely a one-off, and cash is tight.

Q2 2025 Earnings Call Summary

Read Call Summary

5-Year Trend Analysis

A comprehensive look at Brand Engagement Network, Inc.'s financial evolution and strategic trajectory over the past five years.

+ Strengths

The company combines rapid top‑line growth (from a low base) with extremely high gross margins, reflecting the scalability of its software‑driven model. It has a clear strategic focus on regulated industries where trust, compliance, and data security are critical, supported by proprietary AI technology, a meaningful patent portfolio, and a growing network of strategic partners and pilot projects in healthcare, pharmaceuticals, and international markets.

! Risks

Financial risk stands out: deep and worsening losses, heavy cash burn, shrinking equity, rising leverage, and tight liquidity all raise concerns about sustainability without substantial new capital. Operationally, costs are growing much faster than revenue, and the company is competing in a highly contested AI landscape against far larger and better‑funded rivals. Execution risk—closing large deals, scaling deployments, and converting innovation into stable, recurring revenue—remains high.

Outlook

Looking ahead, BNAIW resembles a high‑potential but high‑risk early‑stage AI platform. Its differentiated focus and technology create opportunities, especially if current partnerships mature into significant, repeat business. At the same time, the current financial trajectory is not sustainable, so the outlook hinges on two parallel shifts: a meaningful acceleration in commercial adoption and a disciplined rebalancing of the cost base and capital structure. Until those shifts are evident, future performance should be viewed as highly uncertain and sensitive to both market reception and financing conditions.