Brand Engagement Network Inc. (BNAI)
NASDAQ:BNAI
Top Page
Brand Engagement Network
(NASDAQ:BNAI)
Select Model
Select Model
Rating:50Neutral
Price Target:
$53.00
â–²(1287.43% Upside)
Action:ReiteratedDate:01/30/26
The score is held back primarily by weak financial performance (very small revenue base, deeply negative margins, and ongoing cash burn with stressed profitability metrics). Offsetting this, technical indicators show strong bullish momentum and recent corporate actions improved liquidity/debt profile while advancing partnerships and licensing, but valuation remains difficult to support with negative earnings and no dividend.
Positive Factors
International Licensing Expansion
Exclusive licensing and equity stake in a new South Africa entity gives BNAI non-dilutive-like revenue via licensing and a 35% revenue share. That expands addressable markets in regulated, sovereignty-sensitive regions and creates durable recurring revenue streams and local scale.
Negative Factors
Deeply Negative Margins
Severely negative gross and net margins indicate current unit economics are unsustainable. Until gross margins recover, scaling revenue will amplify losses, making durable profitability unlikely without fundamental product pricing, cost structure, or mix changes.
Read all positive and negative factors
Positive Factors
Negative Factors
International Licensing Expansion
Exclusive licensing and equity stake in a new South Africa entity gives BNAI non-dilutive-like revenue via licensing and a 35% revenue share. That expands addressable markets in regulated, sovereignty-sensitive regions and creates durable recurring revenue streams and local scale.
Read all positive factors
Brand Engagement Network (BNAI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$222.98M
Dividend YieldN/A
Average Volume (3M)1.33M
Price to Earnings (P/E)―
Beta (1Y)0.43
Revenue Growth-24.72%
EPS Growth53.60%
CountryUS
Employees39
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)N/A
Shares Outstanding5,834,052
10 Day Avg. Volume546,828
30 Day Avg. Volume1,328,830
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)12.12
Price to Sales (P/S)321.20
P/FCF Ratio-2.11
Enterprise Value/Market Cap0.74
Enterprise Value/Revenue2.20K
Enterprise Value/Gross Profit-59.56
Enterprise Value/Ebitda-9.15
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
BNAI generates revenue through multiple streams, including service fees from digital marketing campaigns, subscription models for its analytics platform, and commissions from influencer partnerships. The company charges clients based on project sc...
Brand Engagement Network Earnings Call Summary
Earnings Call Date:Oct 14, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:May 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
8
Very Negative
Balance Sheet
28
Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 75.12K | 99.79K | 35.21K | 15.64K | 7.41K |
| Gross Profit | -2.77M | 99.79K | 35.21K | 15.64K | 7.41K |
| EBITDA | -18.07M | -30.78M | -11.04M | -1.15M | -819.77K |
| Net Income | -23.15M | -33.72M | -11.73M | -676.04K | -820.07K |
Balance Sheet | |||||
| Total Assets | 16.37M | 18.15M | 22.01M | 314.19M | 310.70M |
| Cash, Cash Equivalents and Short-Term Investments | 102.72K | 149.27K | 1.69M | 212.61K | 861.47K |
| Total Debt | 4.11M | 3.30M | 1.39M | 0.00 | 0.00 |
| Total Liabilities | 12.92M | 15.51M | 4.31M | 16.44M | 20.15M |
| Stockholders Equity | 3.45M | 2.64M | 17.69M | 297.75M | 290.55M |
Cash Flow | |||||
| Free Cash Flow | -8.37M | -15.20M | -6.27M | -648.87K | -1.65M |
| Operating Cash Flow | -7.72M | -14.92M | -5.77M | -648.87K | -1.65M |
| Investing Cash Flow | -649.89K | -281.39K | -1.14M | 0.00 | -309.45M |
| Financing Cash Flow | 8.40M | 13.67M | 8.59M | 0.00 | 311.96M |
Brand Engagement Network Technical Analysis
Neutral
3.82
Price Trends
31.17
Positive
17.21
Positive
10.43
Positive
Market Momentum
2.48
Positive
50.00
Neutral
31.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BNAI, the sentiment is Neutral. The current price of 3.82 is below the 20-day moving average (MA) of 40.83, below the 50-day MA of 31.17, and below the 200-day MA of 10.43, indicating a neutral trend. The MACD of 2.48 indicates Positive momentum. The RSI at 50.00 is Neutral, neither overbought nor oversold. The STOCH value of 31.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
53 Neutral | $10.71M | -29.08 | -25.73% | ― | 0.16% | -36.86% | |
50 Neutral | $222.98M | -1.25 | -611.70% | ― | -24.72% | 53.60% | |
44 Neutral | $18.52M | -0.92 | -103.97% | ― | ― | ― | |
43 Neutral | $5.56M | -0.08 | -164.51% | ― | 16.50% | ― | |
43 Neutral | $6.78M | -1.08 | 542.13% | ― | -44.25% | 82.71% | |
42 Neutral | $10.45M | -2.78 | -88.69% | ― | 68.56% | 89.48% |
* Technology Sector Average
BNAI
Brand Engagement Network
36.11
32.67
949.71%
BLIN
Bridgeline Digital
0.83
-0.65
-44.19%
CETX
Cemtrex
0.55
-21.50
-97.51%
DTSS
Datasea
0.96
-1.21
-55.89%
RVYL
Ryvyl
5.08
-29.57
-85.34%
MSAI
Multisensor AI Holdings
0.22
-0.71
-76.45%
Brand Engagement Network Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Brand Engagement Network Bolsters Liquidity with Private Placement
Positive
Jan 30, 2026
On January 29 and 30, 2026, Brand Engagement Network, Inc. executed a series of balance-sheet strengthening transactions, including the completion of cash warrant exercises that generated $818,302.70 in gross proceeds and the full repayment of $64...
Private Placements and Financing
Brand Engagement Network Raises Capital via Warrant Exercises
Neutral
Jan 29, 2026
On January 28, 2026, Brand Engagement Network, Inc. issued 48,702 shares of its common stock upon the exercise of previously issued and registered warrants, generating $1,315,974 in cash proceeds at exercise prices ranging from $25.00 to $37.00 pe...
Business Operations and StrategyPrivate Placements and FinancingStock Split
Brand Engagement Network reduces debt via equity issuance
Positive
Jan 28, 2026
On January 27, 2026, Brand Engagement Network issued 93,313 shares of common stock through warrant and equity incentive exercises and the conversion of $737,500 in outstanding debt, generating $1,456,332 in cash proceeds and reducing leverage whil...
Business Operations and StrategyPrivate Placements and FinancingStock Split
Brand Engagement Network simplifies capital structure with warrant actions
Positive
Jan 28, 2026
On January 27, 2026, Brand Engagement Network issued 93,313 shares of common stock through warrant and equity incentive exercises and the conversion of $737,500 of outstanding debt, generating $1,456,332 in cash proceeds and reducing leverage whil...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Brand Engagement Network expands AI licensing into Africa
Positive
Jan 21, 2026
On January 20, 2026, Brand Engagement Network finalized a strategic licensing and investment deal with Valio Technologies and a new South Africa–based entity that brings BEN a $2.05 million preferred equity contribution booked as intellectua...
Delistings and Listing ChangesRegulatory Filings and Compliance
Brand Engagement Network Regains Compliance With Nasdaq Listing
Positive
Dec 31, 2025
On December 31, 2025, Brand Engagement Network Inc. announced it had regained compliance with Nasdaq’s minimum bid price requirement for continued listing of its common stock, after previously being notified on December 30, 2024 that it was ...
Business Operations and StrategyFinancial Disclosures
Brand Engagement Network inks AI pharma services deal
Positive
Dec 29, 2025
On December 19, 2025, Brand Engagement Network entered into a Vendor Services Project Agreement with a leading global advertising and communications agency to develop a custom AI engagement communication solution for an established prescription dr...
Business Operations and StrategyPrivate Placements and Financing
Brand Engagement Network Reduces Debt Through Equity Conversions
Positive
Dec 22, 2025
In the fourth quarter of 2025, Brand Engagement Network, Inc. moved aggressively to strengthen its balance sheet, converting multiple tranches of debt and short-term liabilities into equity and settling vendor obligations. On December 20, 2025, se...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Brand Engagement Network reduces liabilities via debt conversion
Positive
Dec 18, 2025
On December 17, 2025, long-term investor BEN Capital Fund One LLC converted $504,684 of matured debt into Brand Engagement Network equity at $2.10 per share, fully satisfying the related principal, accrued interest, and loan fees under certain pro...
Business Operations and Strategy
Brand Engagement Network Forms Strategic Healthcare Partnership
Positive
Dec 11, 2025
On December 11, 2025, Brand Engagement Network, Inc. announced the formation of Skye Salud, a strategic partnership with Skye Inteligencia LATAM and KNOBLOCH Information Group, aimed at modernizing Mexico’s healthcare system using sovereign ...
Shareholder MeetingsStock Split
Brand Engagement Network Approves Quorum Reduction Amendment
Neutral
Nov 28, 2025
On November 26, 2025, Brand Engagement Network Inc. held its Annual Meeting of Stockholders where the Board of Directors approved an amendment to reduce the quorum requirement for stockholder meetings from a majority to one-third of the shares ent...
Business Operations and Strategy
Brand Engagement Network Partners with SKYE LATAM
Positive
Nov 10, 2025
On October 30, 2025, Brand Engagement Network, Inc. (BEN) finalized a strategic partnership with SKYE Inteligencia LATAM to commercialize its AI technology in Latin America and Spain. The agreement grants SKYE LATAM exclusive reseller rights in th...
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.