Brand Engagement Network Inc. (BNAI)
NASDAQ:BNAI
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Brand Engagement Network
(NASDAQ:BNAI)
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Rating:45Neutral
Price Target:
$14.50
▲(279.58% Upside)
Action:Reiterated
Date:05/20/26
The score is primarily held down by weak financial quality (negative gross profit, persistent losses, and ongoing cash burn). Technicals also remain unfavorable with price below key moving averages and a negative MACD, only partially offset by oversold readings. Corporate events add some upside optionality via IP, partnerships, and balance-sheet actions, but valuation support is limited given the negative P/E and no dividend yield provided.
Positive Factors
Patented AI avatar technology
Securing a U.S. patent for converting text/speech into coordinated lifelike gestures creates a durable competitive edge in immersive AI interfaces. This protects differentiation for digital humans and agent-assist products, supporting higher barriers to entry and longer-term commercial adoption across gaming, metaverse and contact-center use cases.
Negative Factors
Negative gross profit and persistently unprofitable
Negative gross profit indicates core product economics currently fail to cover direct costs, signaling the business hasn’t reached a scalable unit economics model. Persistent operating losses and deeply negative margins constrain reinvestment, reduce financial resilience, and make sustained profitable growth uncertain without structural cost improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Patented AI avatar technology
Securing a U.S. patent for converting text/speech into coordinated lifelike gestures creates a durable competitive edge in immersive AI interfaces. This protects differentiation for digital humans and agent-assist products, supporting higher barriers to entry and longer-term commercial adoption across gaming, metaverse and contact-center use cases.
Read all positive factors
Brand Engagement Network (BNAI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$96.57M
Dividend YieldN/A
Average Volume (3M)416.29K
Price to Earnings (P/E)―
Beta (1Y)0.38
Revenue Growth515.72%
EPS Growth81.42%
CountryUS
Employees39
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-1.58
Shares Outstanding6,507,687
10 Day Avg. Volume271,193
30 Day Avg. Volume416,287
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)2.93
Price to Sales (P/S)36.90
P/FCF Ratio-1.99
Enterprise Value/Market Cap0.74
Enterprise Value/Revenue194.09
Enterprise Value/Gross Profit-18.45
Enterprise Value/Ebitda-25.08
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-4.7
Revenue Forecast (FY)$2.50M
Brand Engagement Network Business Overview & Revenue Model
Company Description
Brand Engagement Network, Inc. engages in the provision of conversational artificial intelligence assistants with the purpose of transforming engagement and analytics for businesses through security-focused, multimodal communication and human-like...
How the Company Makes Money
null...
Brand Engagement Network Earnings Call Summary
Earnings Call Date:Oct 14, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture with significant cost reductions and improved net income, indicating financial stabilization. However, revenue generation remains minimal, primarily driven by pilot programs, and there were administrative delays in filing. The company is focusing on strategic partnerships and market expansions, though the financial impact of these initiatives is not yet fully realized.Positive Updates
Significant Expense Reduction
Operating expenses decreased by 55.6% to $2.8 million for the quarter, down from $6.3 million in the same quarter of 2024, driven by streamlined operations and strategic cost optimization.
Negative Updates
Delayed Q2 10-Q Filing
The Q2 10-Q filing was delayed, although it was stated as not being due to negative financial performance.
Read all updates
Q2-2025 Updates
Positive
Negative
Significant Expense Reduction
Operating expenses decreased by 55.6% to $2.8 million for the quarter, down from $6.3 million in the same quarter of 2024, driven by streamlined operations and strategic cost optimization.
Read all positive updates
Company Guidance
During the Brand Engagement Network Inc.'s Second Quarter 2025 Earnings Conference Call, acting CEO Tyler Luck emphasized strategic initiatives to strengthen the company's foundation, including a 55.6% reduction in operating expenses to $2.8 million from $6.3 million in the same quarter of 2024. The company reported $5,000 in revenue for Q2 2025, marking a significant improvement from no revenue in Q2 2024, primarily attributed to pilot programs like the one in Armenia's hospitality sector. Additionally, Walid Khiari noted a gain on debt extinguishment of $4 million, contributing to a net income of $900,000 compared to a net loss of $3 million in the previous year. Stockholders' equity increased by 126% to $5.9 million, reflecting improved financial health. The company is focused on scaling revenue growth, particularly in regulated industries, and is leveraging strategic partnerships and AI solutions for future expansion. Upcoming events include the next earnings call on November 4, 2025, and the Annual Shareholder Meeting on November 26, 2025.Brand Engagement Network Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
49
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 369.43K | 275.12K | 99.79K | 35.21K | 15.64K | 7.41K |
| Gross Profit | -3.89M | -7.64M | 99.79K | 35.21K | 15.64K | 7.41K |
| EBITDA | -2.86M | -4.71M | -30.78M | -11.04M | -1.15M | -819.77K |
| Net Income | -8.08M | -8.63M | -33.72M | -11.73M | -676.04K | -820.07K |
Balance Sheet | ||||||
| Total Assets | 16.31M | 15.30M | 18.15M | 22.01M | 314.19M | 310.70M |
| Cash, Cash Equivalents and Short-Term Investments | 1.80M | 172.12K | 149.27K | 1.69M | 212.61K | 861.47K |
| Total Debt | 1.37M | 2.41M | 3.30M | 1.39M | 0.00 | 0.00 |
| Total Liabilities | 9.03M | 11.84M | 15.51M | 4.31M | 16.44M | 20.15M |
| Stockholders Equity | 7.28M | 3.46M | 2.64M | 17.69M | 297.75M | 290.55M |
Cash Flow | ||||||
| Free Cash Flow | -6.09M | -5.11M | -15.20M | -6.27M | -648.87K | -1.65M |
| Operating Cash Flow | -6.18M | -5.09M | -14.92M | -5.77M | -648.87K | -1.65M |
| Investing Cash Flow | -53.33K | -23.51K | -281.39K | -1.14M | 0.00 | -309.45M |
| Financing Cash Flow | 7.80M | 5.13M | 13.67M | 8.59M | 0.00 | 311.96M |
Brand Engagement Network Technical Analysis
Negative
3.82
Price Trends
31.45
Negative
28.85
Negative
16.18
Negative
Market Momentum
-4.21
Positive
27.49
Positive
5.13
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BNAI, the sentiment is Negative. The current price of 3.82 is below the 20-day moving average (MA) of 21.12, below the 50-day MA of 31.45, and below the 200-day MA of 16.18, indicating a bearish trend. The MACD of -4.21 indicates Positive momentum. The RSI at 27.49 is Positive, neither overbought nor oversold. The STOCH value of 5.13 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BNAI.
Brand Engagement Network Risk Analysis
Brand Engagement Network disclosed 56 risk factors in its most recent earnings report. Brand Engagement Network reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Brand Engagement Network Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $15.37M | -8.81 | -25.73% | ― | 0.53% | 40.33% | |
46 Neutral | $10.34M | -0.34 | -142.62% | ― | -5.59% | 99.16% | |
45 Neutral | $96.57M | -8.04 | -162.16% | ― | 515.72% | 81.42% | |
44 Neutral | $11.73M | -1.20 | -103.97% | ― | -4.80% | 79.70% | |
42 Neutral | $8.81M | -2.83 | -88.69% | ― | 20.31% | 90.57% |
* Technology Sector Average
BNAI
Brand Engagement Network
14.84
9.94
202.86%
BLIN
Bridgeline Digital
1.22
-0.33
-21.29%
CETX
Cemtrex
0.93
-14.07
-93.80%
DTSS
Datasea
0.84
-1.45
-63.19%
MSAI
Multisensor AI Holdings
5.81
-26.71
-82.13%
Brand Engagement Network Corporate Events
Business Operations and StrategyProduct-Related Announcements
Brand Engagement Network Secures Patent for Lifelike AI Avatars
Positive
May 20, 2026
On May 19, 2026, Brand Engagement Network, via Datum Point Labs, received a U.S. patent for technology that generates lifelike gestures from text or speech, enhancing real-time interaction between users and its AI-driven avatars. The multi-stage s...
Business Operations and Strategy
Brand Engagement Network Secures African Technology Reseller Deal
Positive
May 18, 2026
On May 14, 2026, Brand Engagement Network Inc., via SKYE AI USA, LLC, signed a definitive Reseller Agreement with HighTide Energy, Inc. d/b/a Accelevate Solutions that grants it exclusive rights to resell certain technology across all African coun...
Business Operations and StrategyPrivate Placements and Financing
Brand Engagement Network Secures Global Fleet AI Reseller Deal
Positive
May 11, 2026
Brand Engagement Network has deepened its push into commercial fleet operations through a strategic collaboration and reseller structure with Accelevate Solutions, aligning BEN’s engagement-focused AI with Accelevate’s fleet intelligen...
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Brand Engagement Network to Acquire Cataneo Media Platform
Positive
Apr 30, 2026
On April 30, 2026, Brand Engagement Network signed a definitive agreement to acquire Munich-based Cataneo GmbH, a provider of media and advertising infrastructure software whose MYDAS platform manages more than €6 billion in annual ad invent...
Financial DisclosuresPrivate Placements and Financing
Brand Engagement Network Announces New Private Placement Financing
Positive
Apr 23, 2026
On April 21, 2026, Brand Engagement Network, Inc. entered into a Securities Purchase Agreement with Ben Capital Fund I, LLC for a private placement of 25,492 common shares at $39.25 per share, a 20% premium to that day’s closing price, for t...
Business Operations and StrategyPrivate Placements and Financing
Brand Engagement Network Invests in AI Fleet Operations Collaboration
Positive
Apr 22, 2026
On April 21 and 22, 2026, Brand Engagement Network, Inc. announced a strategic investment of up to $1 million and commercial collaboration with HighTide Energy’s Accelevate Solutions to enter the commercial fleet operations market. The lette...
Financial DisclosuresPrivate Placements and Financing
Brand Engagement Network Strengthens Balance Sheet Through Financing
Positive
Mar 31, 2026
In the quarter ended March 31, 2026, Brand Engagement Network, Inc. reported that it strengthened its balance sheet by approximately $7.1 million through a mix of cash financing, vendor credits, and debt-to-equity conversions. The capital actions ...
Executive/Board Changes
Brand Engagement Network Appoints Jon Leibowitz as Chairman
Positive
Mar 25, 2026
On March 20, 2026, Brand Engagement Network Inc. announced that Bernard Puckett will step down as Chairman and resign from the Board of Directors at the end of his two-year term, effective March 31, 2026. Puckett, who had served on the board since...
Private Placements and Financing
Brand Engagement Network Completes Final Private Equity Placement
Positive
Mar 9, 2026
On March 9, 2026, Brand Engagement Network, Inc. completed the third and final closing under a Securities Purchase Agreement with Ben Capital Fund I, LLC, marking the conclusion of a previously announced $1,518,000 private placement. The financing...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.