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’s operating model still depends on external financing because revenue is far too small to support its cost base.
FY2025’s narrower loss and cash burn finally moved closer together, with net loss at$8.6M and operating cash outflow at$5.1M . That is a better earnings-quality pattern than FY2024, but with revenue still only$275K , the improvement looks more like internal cost compression than evidence that scale can yet carry the business.
External funding is still doing the heavy lifting: FY2025 financing cash inflow of
Cash use is mostly operating overhead, not capital investment. Capital spending was just
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Brand Engagement's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Brand Engagement has an operating margin of -4589.3%, meaning the company retains $-4589 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -36550.7% the prior year.
Brand Engagement's revenue surged 175.7% year-over-year to $275K, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Brand Engagement has a moderate D/E ratio of 3.42. This balance of debt and equity financing earns a leverage score of 32/100.
Brand Engagement's current ratio of 0.15 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Brand Engagement generated -$5.1M in operating cash flow, capex of $24K consumed most of it, leaving -$5.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Brand Engagement generates a -249.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -1274.9% the prior year.
Brand Engagement passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 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 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $200K+232.7% | $60K+1102.4% | $5K-50.0% | $10K | N/A | $50K | $0-100.0% | $50K |
| Cost of Revenue | N/A | N/A | N/A | $0 | N/A | $0 | $0 | $0 |
| Gross Profit | N/A | $60K+1102.4% | $5K-50.0% | $10K | N/A | $50K | $0-100.0% | $50K |
| R&D Expenses | $149K+4192.2% | -$4K-149.1% | $7K-30.8% | $11K | N/A | $153K-56.9% | $356K+41.8% | $251K |
| SG&A Expenses | $2.4M+62.5% | $1.5M-21.4% | $1.8M-42.5% | $3.2M | N/A | $4.2M-20.0% | $5.3M-18.9% | $6.5M |
| Operating Income | -$3.3M-43.8% | -$2.3M+18.0% | -$2.8M+32.0% | -$4.2M | N/A | -$5.3M+16.1% | -$6.3M+7.4% | -$6.8M |
| Interest Expense | $220K+407.6% | $43K+100.9% | $22K-82.7% | $125K | N/A | $18K-7.4% | $19K-22.5% | $25K |
| Income Tax | N/A | N/A | N/A | $0 | N/A | $0 | $0 | $0 |
| Net Income | -$3.4M-38.5% | -$2.5M-374.2% | $905K+125.1% | -$3.6M | N/A | -$5.8M-90.9% | -$3.0M+55.7% | -$6.9M |
| EPS (Diluted) | N/A | $-0.06-400.0% | $0.02+122.2% | $-0.09 | N/A | $-0.16-77.8% | $-0.09+66.7% | $-0.27 |
BNAI Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $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-7.6% | $36.9M |
| Current Assets | $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-43.8% | $4.4M |
| Cash & Equivalents | $172K+67.6% | $103K+404.6% | $20K-91.4% | $236K+58.3% | $149K+104.8% | $73K-94.9% | $1.4M-56.7% | $3.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $250K+399.0% | $50K+456.9% | $9K-78.0% | $41K+32.4% | $31K0.0% | $31K | $0-100.0% | $8K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $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-17.5% | $16.2M |
| Current Liabilities | $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-1.6% | $13.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $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+0.2% | $20.6M |
| Retained Earnings | -$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-15.1% | -$20.2M |
BNAI Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $258K+340.6% | -$107K+95.9% | -$2.6M+0.7% | -$2.6M-10.7% | -$2.4M+22.3% | -$3.1M+24.9% | -$4.1M+10.7% | -$4.5M |
| Capital Expenditures | N/A | N/A | N/A | $0 | $0-100.0% | $27K+101.1% | $13K+1.9% | $13K |
| Free Cash Flow | N/A | N/A | N/A | -$2.6M-10.7% | -$2.4M+22.9% | -$3.1M+24.4% | -$4.1M+10.7% | -$4.6M |
| Investing Cash Flow | $561K+226.6% | -$443K-1318.0% | -$31K+71.7% | -$110K-68.5% | -$65K+43.7% | -$116K-262.9% | $71K+141.7% | -$171K |
| Financing Cash Flow | -$750K-218.5% | $633K-73.9% | $2.4M-14.2% | $2.8M+12.3% | $2.5M+38.9% | $1.8M-14.5% | $2.1M-66.6% | $6.3M |
| 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 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 100.0%0.0pp | 100.0%0.0pp | 100.0% | N/A | 100.0% | N/A | 100.0% |
| Operating Margin | -1665.1%+2188.3pp | -3853.3%+52652.8pp | -56506.2%-14965.2pp | -41540.9% | N/A | -10559.0% | N/A | -13654.9% |
| Net Margin | -1719.2%+2409.2pp | -4128.4%-22230.0pp | 18101.6%+54203.9pp | -36102.3% | N/A | -11646.2% | N/A | -13826.9% |
| Return on Equity | -99.3%-27.5pp | -71.9%-87.7pp | 15.8%+124.8pp | -109.0% | N/A | -32.8%-18.0pp | -14.8%+18.6pp | -33.4% |
| Return on Assets | -22.5%-7.3pp | -15.2%-20.5pp | 5.3%+25.4pp | -20.1% | N/A | -18.2%-9.3pp | -9.0%+9.7pp | -18.7% |
| Current Ratio | 0.150.0 | 0.15-0.0 | 0.19+0.1 | 0.13+0.0 | 0.090.0 | 0.09-0.1 | 0.19-0.1 | 0.33 |
| Debt-to-Equity | 3.42-0.3 | 3.74+1.8 | 1.97-2.4 | 4.42-1.4 | 5.86+5.1 | 0.80+0.2 | 0.65-0.1 | 0.79 |
| FCF Margin | N/A | N/A | N/A | -26278.6% | N/A | -6159.9% | N/A | -9164.4% |
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 Piotroski F-Score?
Brand Engagement (BNAI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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.
How financially healthy is Brand Engagement?
Brand Engagement (BNAI) scores 22 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.