Brenmiller Energy Ltd Financials
This page shows Brenmiller Energy Ltd (BNRG) 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Brenmiller Energy Ltd has an operating margin of -3291.5%, meaning the company retains $-3291 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.
Brenmiller Energy Ltd carries a low D/E ratio of 1.48, meaning only $1.48 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 72/100, indicating a strong balance sheet with room for future borrowing.
Brenmiller Energy Ltd's current ratio of 1.33 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 22/100, which could limit financial flexibility.
While Brenmiller Energy Ltd generated -$10.4M in operating cash flow, capex of $13K consumed most of it, leaving -$10.4M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Brenmiller Energy Ltd generates a -398.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -151.0% the prior year.
Brenmiller Energy Ltd passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Brenmiller Energy Ltd generates $0.75 in operating cash flow (-$10.4M OCF vs -$13.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Brenmiller Energy Ltd earns $-34.1 in operating income for every $1 of interest expense (-$12.7M vs $374K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Brenmiller Energy Ltd generated $387K in revenue in fiscal year 2025.
Brenmiller Energy Ltd's EBITDA was -$12.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 17.8% from the prior year.
Brenmiller Energy Ltd reported -$13.9M in net income in fiscal year 2025. This represents a decrease of 105.3% from the prior year.
Brenmiller Energy Ltd earned $-57.14 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 4329.5% from the prior year.
Cash & Balance Sheet
Brenmiller Energy Ltd generated -$10.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 9.1% from the prior year.
Brenmiller Energy Ltd held $4.9M in cash against $5.2M in long-term debt as of fiscal year 2025.
Brenmiller Energy Ltd had 715,852 shares outstanding in fiscal year 2025. This represents a decrease of 91.2% from the prior year.
Margins & Returns
Brenmiller Energy Ltd's gross margin was -829.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.
Brenmiller Energy Ltd's operating margin was -3291.5% in fiscal year 2025, reflecting core business profitability.
Brenmiller Energy Ltd's net profit margin was -3593.0% in fiscal year 2025, showing the share of revenue converted to profit.
Brenmiller Energy Ltd's ROE was -398.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 247.0 percentage points from the prior year.
Capital Allocation
Brenmiller Energy Ltd invested $4.0M in research and development in fiscal year 2025. This represents an increase of 10.3% from the prior year.
Brenmiller Energy Ltd invested $13K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 64.9% from the prior year.
BNRG Income Statement
| Metric | Q1'26 | Q3'25 | Q1'25 | Q3'24 | Q3'23 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A |
BNRG Balance Sheet
| Metric | Q1'26 | Q3'25 | Q1'25 | Q3'24 | Q3'23 |
|---|---|---|---|---|---|
| Total Assets | $9.3M-21.6% | $11.9M-14.4% | $13.9M+31.4% | $10.6M-15.0% | $12.5M |
| Current Assets | $4.2M-34.1% | $6.3M-23.0% | $8.2M+79.1% | $4.6M-47.6% | $8.7M |
| Cash & Equivalents | $2.1M-48.1% | $4.1M-41.1% | $7.0M+118.9% | $3.2M-51.1% | $6.5M |
| Inventory | $1.2M-21.1% | $1.6M+150.9% | $625K+3.0% | $607K-35.1% | $935K |
| Accounts Receivable | N/A | N/A | N/A | $278K | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $8.1M+9.7% | $7.4M+0.5% | $7.4M-4.2% | $7.7M-1.4% | $7.8M |
| Current Liabilities | $3.2M+14.6% | $2.8M+1.5% | $2.8M+1.3% | $2.7M+3.1% | $2.6M |
| Long-Term Debt | N/A | N/A | N/A | $5.3M | N/A |
| Total Equity | $1.2M-73.4% | $4.5M-31.4% | $6.5M+126.9% | $2.9M-37.8% | $4.6M |
| Retained Earnings | -$109.7M-7.3% | -$102.2M-5.4% | -$97.0M-1.7% | -$95.4M-11.2% | -$85.8M |
BNRG Cash Flow Statement
| Metric | Q1'26 | Q3'25 | Q1'25 | Q3'24 | Q3'23 |
|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A |
BNRG Financial Ratios
| Metric | Q1'26 | Q3'25 | Q1'25 | Q3'24 | Q3'23 |
|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 1.30-1.0 | 2.25-0.7 | 2.97+1.3 | 1.68-1.6 | 3.30 |
| Debt-to-Equity | 6.83+5.2 | 1.66+0.5 | 1.13-0.7 | 1.84+0.2 | 1.69 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Brenmiller Energy Ltd's annual revenue?
Brenmiller Energy Ltd (BNRG) reported $387K in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Brenmiller Energy Ltd profitable?
No, Brenmiller Energy Ltd (BNRG) reported a net income of -$13.9M in fiscal year 2025, with a net profit margin of -3593.0%.
What is Brenmiller Energy Ltd's EBITDA?
Brenmiller Energy Ltd (BNRG) had EBITDA of -$12.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Brenmiller Energy Ltd have?
As of fiscal year 2025, Brenmiller Energy Ltd (BNRG) had $4.9M in cash and equivalents against $5.2M in long-term debt.
What is Brenmiller Energy Ltd's gross margin?
Brenmiller Energy Ltd (BNRG) had a gross margin of -829.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Brenmiller Energy Ltd's operating margin?
Brenmiller Energy Ltd (BNRG) had an operating margin of -3291.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Brenmiller Energy Ltd's net profit margin?
Brenmiller Energy Ltd (BNRG) had a net profit margin of -3593.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Brenmiller Energy Ltd's return on equity (ROE)?
Brenmiller Energy Ltd (BNRG) has a return on equity of -398.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Brenmiller Energy Ltd's free cash flow?
Brenmiller Energy Ltd (BNRG) generated -$10.4M in free cash flow during fiscal year 2025. This represents a -9.1% 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 Brenmiller Energy Ltd's operating cash flow?
Brenmiller Energy Ltd (BNRG) generated -$10.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Brenmiller Energy Ltd's total assets?
Brenmiller Energy Ltd (BNRG) had $12.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Brenmiller Energy Ltd's capital expenditures?
Brenmiller Energy Ltd (BNRG) invested $13K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Brenmiller Energy Ltd spend on research and development?
Brenmiller Energy Ltd (BNRG) invested $4.0M in research and development during fiscal year 2025.
What is Brenmiller Energy Ltd's current ratio?
Brenmiller Energy Ltd (BNRG) had a current ratio of 1.33 as of fiscal year 2025, which is considered adequate.
What is Brenmiller Energy Ltd's debt-to-equity ratio?
Brenmiller Energy Ltd (BNRG) had a debt-to-equity ratio of 1.48 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Brenmiller Energy Ltd's return on assets (ROA)?
Brenmiller Energy Ltd (BNRG) had a return on assets of -111.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Brenmiller Energy Ltd's cash runway?
Based on fiscal year 2025 data, Brenmiller Energy Ltd (BNRG) had $4.9M in cash against an annual operating cash burn of $10.4M. This gives an estimated cash runway of approximately 6 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 Brenmiller Energy Ltd's Piotroski F-Score?
Brenmiller Energy Ltd (BNRG) has a Piotroski F-Score of 2 out of 9, indicating weak 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Brenmiller Energy Ltd's earnings high quality?
Brenmiller Energy Ltd (BNRG) has an earnings quality ratio of 0.75x, 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 Brenmiller Energy Ltd cover its interest payments?
Brenmiller Energy Ltd (BNRG) has an interest coverage ratio of -34.1x, 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 Brenmiller Energy Ltd?
Brenmiller Energy Ltd (BNRG) scores 19 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.