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Brand Engagement Network
(NASDAQ:BNAI)
Brand Engagement Network (BNAI) vs. SPDR S&P 500 ETF (SPY)
Brand Engagement Network Business Overview & Revenue Model
Brand Engagement Network Earnings Call Summary
Brand Engagement Network Financial Statement Overview
| 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
Brand Engagement Network Risk Analysis
Brand Engagement Network Peers Comparison
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% | |
50 Neutral | $282.75M | -9.06 | -218.30% | ― | -24.72% | 53.60% | |
49 Neutral | $10.38M | -3.22 | -25.73% | ― | 0.16% | -36.86% | |
44 Neutral | $11.83M | -2.75 | -93.31% | ― | 68.56% | 89.48% | |
43 Neutral | $7.11M | -0.12 | -993.23% | ― | -44.25% | 82.71% | |
42 Neutral | $16.92M | -0.77 | -103.97% | ― | ― | ― | |
41 Neutral | $15.31M | >-0.01 | -415.08% | ― | 16.50% | ― |
Brand Engagement Network Corporate Events
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 $640,332.46 in outstanding loans, most of which related to obligations with Hana Bank in South Korea under a 2023 asset purchase agreement. Separately, the company entered into a $1.518 million private placement with Ben Capital Fund I, LLC for 24,000 common shares at $63.25 each—priced at a premium to its January 29 closing price and structured without warrant coverage—with the investment funded in three tranches through March 25, 2026, moves that collectively bolster BEN’s liquidity, reduce legacy debt and enhance its financial flexibility as it pursues its strategic objectives in the enterprise AI sector.
The most recent analyst rating on (BNAI) stock is a Hold with a $50.00 price target. To see the full list of analyst forecasts on Brand Engagement Network stock, see the BNAI Stock Forecast page.
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 per share. The transaction modestly increased the company’s share count, bringing total outstanding common stock to an estimated 5,827,216 shares and leaving the public float at approximately 3,129,047 shares, reflecting incremental equity financing and a slight dilution for existing shareholders.
The most recent analyst rating on (BNAI) stock is a Hold with a $54.00 price target. To see the full list of analyst forecasts on Brand Engagement Network stock, see the BNAI Stock Forecast page.
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 while bringing total shares outstanding to an estimated 5.78 million and public float to about 3.13 million. The company also detailed the impact of its 1-for-10 reverse stock split that took effect on December 12, 2025, noting that its public warrants now carry a $115 exercise price with roughly 1.64 million warrants outstanding, and indicated that full exercise of these instruments could provide about $189.1 million in gross proceeds as it works with exchanges and brokerages to update market systems, moves that collectively strengthen its balance sheet and clarify its capital structure for investors.
The most recent analyst rating on (BNAI) stock is a Hold with a $63.00 price target. To see the full list of analyst forecasts on Brand Engagement Network stock, see the BNAI Stock Forecast page.
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 while modestly increasing its share count to an estimated 5.78 million shares outstanding. The company also detailed post–reverse split adjustments to its public warrants following a 1-for-10 split effective December 12, 2025, with 1,644,096 warrants now exercisable at $115 per share and representing potential gross proceeds of about $189.1 million if fully exercised, while it works with Nasdaq and brokerages to correct remaining system discrepancies, a move that clarifies its capital structure and underscores its focus on disciplined balance-sheet management as it pursues its growth strategy.
The most recent analyst rating on (BNAI) stock is a Hold with a $63.00 price target. To see the full list of analyst forecasts on Brand Engagement Network stock, see the BNAI Stock Forecast page.
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 intellectual property licensing revenue, a 25% equity stake and board seat in the new venture, and a 35% revenue share on software, SaaS, services, and subscription sales. The agreement grants the new entity exclusive, perpetual rights to deploy BEN’s AI technology across African government and private-sector markets, reinforcing BEN’s push into sovereignty-aligned, regulated AI and marking its second major international licensing arrangement after its Latin American partnership. As part of the expansion, BEN and Valio signed a non-binding memorandum of understanding with Nelson Mandela University to pilot a governed, institution-approved AI mental health support system for students, aiming to extend confidential, culturally relevant assistance within a secure, closed environment, which underscores BEN’s strategy of coupling commercial scale with real-world, regulated deployments and may deepen its positioning in healthcare and higher-education use cases across the continent.
The most recent analyst rating on (BNAI) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on Brand Engagement Network stock, see the BNAI Stock Forecast page.
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 out of compliance. Nasdaq confirmed that from December 12 to December 30, 2025, the company’s shares closed at or above $1.00 for 12 consecutive business days, resolving the listing deficiency and closing the matter, which stabilizes the firm’s Nasdaq listing status and averts potential delisting risk for shareholders.
The most recent analyst rating on (BNAI) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Brand Engagement Network stock, see the BNAI Stock Forecast page.
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 drug marketed by a top-10 global pharmaceutical company, whose identity remains confidential. Under the deal, BEN expects to recognize $250,000 in development revenue in the fourth quarter of 2025 from two statements of work, with recurring license fees anticipated to begin in the first quarter of 2026 once the solution is implemented and deployed, adding a new revenue stream and deepening its presence in the healthcare vertical. The company said this agreement, when combined with its exclusive Latin American licensing partnership and its Skye Salud AI healthcare platform initiative in Mexico, is expected to bolster its fourth-quarter 2025 results and underscores growing adoption of its secure AI technology by pharma manufacturers, healthcare providers, and patients in both the U.S. and Mexico.
The most recent analyst rating on (BNAI) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Brand Engagement Network stock, see the BNAI Stock Forecast page.
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, several long-term investors converted a total of $1,250,004 in loans and other liabilities into common stock at $2.10 per share, with certain investors also receiving short-dated warrants, and these issuances were executed under private placement exemptions. This transaction followed a previously announced December 18, 2025 conversion of $504,684 of affiliate debt into equity at the same price per share, alongside a $250,010 reduction in accounts payable and full satisfaction of more than $487,306 in vendor-related obligations. Altogether, these actions reduced Brand Engagement Network’s outstanding liabilities by approximately $2,492,004 in the quarter, a move the company says enhances its capital structure and provides greater long-term operational and strategic flexibility for stakeholders.
The most recent analyst rating on (BNAI) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Brand Engagement Network stock, see the BNAI Stock Forecast page.
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 promissory notes. In parallel, the company negotiated additional reductions in liabilities, including more than $250,010 in accounts payable and the full settlement of vendor-related obligations exceeding $487,306, bringing total liability reductions to over $1.24 million and significantly strengthening its balance sheet and financial flexibility for stakeholders.
The most recent analyst rating on (BNAI) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Brand Engagement Network stock, see the BNAI Stock Forecast page.
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.
The most recent analyst rating on (BNAI) stock is a Hold with a $0.28 price target. To see the full list of analyst forecasts on Brand Engagement Network stock, see the BNAI Stock Forecast page.
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.
The most recent analyst rating on (BNAI) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Brand Engagement Network stock, see the BNAI Stock Forecast page.
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.
The most recent analyst rating on (BNAI) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Brand Engagement Network stock, see the BNAI Stock Forecast page.