Brand Engagement Network (BNAI) AI Stock Analysis

• Market Cap: $11.58M
• Dividend Yield: N/A
• Average Volume (3M): 14.26M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.62
• Revenue Growth: -24.72%
• EPS Growth: 53.60%
• Country: US
• Employees: 39
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): N/A
• Shares Outstanding: 4,488,080
• 10 Day Avg. Volume: 17,936,248
• 30 Day Avg. Volume: 14,257,179
• PEG Ratio: -0.12
• Price to Book (P/B): 121.20
• Price to Sales (P/S): 3211.98
• P/FCF Ratio: -21.08
• Enterprise Value/Market Cap: 1.90
• Enterprise Value/Revenue: 293.04
• Enterprise Value/Gross Profit: -7.93
• Enterprise Value/Ebitda: -1.22
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $2.50 ▼(-3.10% Downside)

The overall stock score of 46 reflects significant financial challenges, including high debt and negative cash flows, which are partially offset by positive corporate events. Technical indicators suggest a bearish trend, and the valuation is unattractive due to negative earnings. Strategic partnerships offer potential long-term benefits but do not mitigate current financial risks.

Positive Factors

Strategic Partnerships

The formation of Skye Salud with Skye Inteligencia LATAM and KNOBLOCH aims to modernize Mexico's healthcare system, expanding BNAI's market presence and leveraging AI technology for long-term growth.

Market Expansion

The partnership with SKYE LATAM to commercialize AI technology in Latin America and Spain enhances BNAI's presence in regulated markets, supporting digital transformation and revenue growth.

Revenue Model Diversification

Diversified revenue streams from digital marketing, subscriptions, and partnerships provide resilience against market fluctuations and support sustainable growth.

Negative Factors

High Debt Levels

High debt levels indicate reliance on external financing, which can strain cash flow and limit financial flexibility, posing risks to long-term stability.

Negative Cash Flows

Negative cash flows suggest operational inefficiencies and reliance on external funding, which can hinder the company's ability to invest in growth and innovation.

Unprofitable Operations

Ongoing unprofitability and negative margins highlight operational challenges and may limit the company's ability to sustain long-term growth without strategic improvements.

Brand Engagement Network Business Overview & Revenue Model

Company Description

Brand Engagement Network (BNAI) is a leading marketing and advertising firm specializing in enhancing brand visibility and consumer engagement through innovative digital solutions. Operating primarily in the marketing technology sector, BNAI offers a suite of services including social media marketing, influencer partnerships, content creation, and data analytics. The company focuses on helping brands connect with their target audiences in meaningful ways, leveraging cutting-edge technology and strategic insights to drive engagement and conversion.

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 scope, performance metrics, and ongoing retainer agreements for long-term engagement. Additionally, BNAI has established significant partnerships with major social media platforms and marketing technology providers, allowing them to offer exclusive tools and insights that enhance their service offerings. These partnerships not only increase their service value but also create opportunities for cross-promotional efforts, further contributing to the company's earnings.

Brand Engagement Network Financial Statement Overview

Summary

Brand Engagement Network is struggling financially, with significant operational losses and cash flow issues. Despite improvements in equity, high debt levels and negative margins present substantial risks. Strategic improvements and cost management are critical for future stability.

Income Statement

The company has shown inconsistent revenue growth, with a significant increase in revenue from 2022 to 2024, but it remains unprofitable, with persistent net losses. Margins are negative, reflecting operational inefficiencies and high costs relative to revenue.

Balance Sheet

The company's balance sheet shows high leverage, with a debt-to-equity ratio of 0.82 for 2024, indicating reliance on debt. Negative equity in 2022 suggests past financial distress. Although equity improved in 2024, total assets have decreased over recent years, highlighting potential risks to stability.

Cash Flow

Operating and free cash flows are negative, indicating cash burn and reliance on external financing for liquidity. The operating cash flow to net income ratio is negative, showing poor cash conversion from profits, and free cash flow has not shown consistent growth.

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

• Technical Analysis Sentiment: Negative
• Last Price: 2.58
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 2.58 is below the 20-day moving average (MA) of 3.42, below the 50-day MA of 4.20, and below the 200-day MA of 3.59, indicating a bearish trend. The MACD of -0.37 indicates Positive momentum. The RSI at 36.03 is Neutral, neither overbought nor oversold. The STOCH value of 13.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BNAI.

Brand Engagement Network Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
BLIN	55 Neutral	$12.23M	-3.75	-25.48%	―	0.54%	70.74%
CETX	52 Neutral	$2.02M	―	-1102.76%	―	16.50%	―
RVYL	48 Neutral	$11.44M	-0.22	-993.23%	―	-44.25%	82.71%
BNAI	46 Neutral	$11.58M	-0.44	-218.30%	―	-24.72%	53.60%
MSAI	46 Neutral	$25.88M	-1.29	-103.97%	―	―	―
DTSS	40 Underperform	$10.88M	-2.83	-93.31%	―	68.56%	89.48%

Brand Engagement Network Corporate Events

Brand Engagement Network Forms Strategic Healthcare Partnership

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 AI. This initiative addresses critical challenges in Mexico’s healthcare, such as chronic disease management and outdated record systems, by introducing a secure, Spanish-language platform designed to enhance clinical workflows and patient safety. The partnership leverages KNOBLOCH’s extensive pharmaceutical data and BEN’s AI technology, promising significant improvements in healthcare delivery and access for over 130 million people. The project is set to begin pilot programs in Q1 2026, with a broader rollout planned, marking a significant step towards digital health modernization in Mexico.

Brand Engagement Network Approves Quorum Reduction Amendment

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 entitled to vote, aligning with NASDAQ and SEC regulations. During the meeting, stockholders elected two Class I directors, ratified the selection of L.J. Soldinger Associates, LLC as the independent auditor for 2025, and approved a proposal for a reverse stock split, allowing the Board to determine the exact ratio within a specified range.

Brand Engagement Network Partners with SKYE LATAM

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 the government sector and non-exclusive rights in other industries, with BEN receiving a 35% revenue share. This partnership is expected to enhance BEN’s presence in regulated markets, leveraging its AI solutions to meet local data sovereignty mandates and drive digital transformation across the region.

Brand Engagement Network Ends Cataneo Acquisition Deal

Brand Engagement Network Inc. announced the termination of its agreement to acquire Cataneo GmbH, a Munich-based provider of advertising-sales and media technology solutions, after the sellers exercised their withdrawal rights. Despite the termination, the company views this as an opportunity to streamline its focus on core growth programs and continues to explore strategic partnerships and acquisitions aligned with its platform strategy. Additionally, the company appointed Dr. Ruy Carrasco to its Board of Directors, who has been serving as the Chief Medical Informatics Officer since 2021.