BNAI · Brand Engagement Network Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $104.3K | - | $60.1K | $5.0K | $10.0K | - | $50.0K | $0 | $49.8K | - |
| Cost of Revenue | - | - | - | - | $0 | - | $0 | $0 | - | - |
| Gross Profit | - | - | $60.1K | $5.0K | $49.8K | - | $0 | $0 | - | - |
| R&D | $26.9K | - | ($3.6K) | $7.4K | $10.7K | - | $75.5K | $76.4K | $250.7K | - |
| SG&A | $2.36M | - | $1.45M | $1.85M | $3.21M | - | $2.28M | $2.78M | $6.48M | - |
| Total Operating Expenses | $3.44M | - | $2.38M | $2.83M | $4.16M | - | $2.57M | $6.29M | $6.85M | - |
| D&A | $1.05M | - | $972.4K | $974.9K | $939.2K | - | $972.4K | $682.2K | $117.3K | - |
| Operating Income | ($3.33M) | - | ($2.32M) | ($2.83M) | ($4.15M) | - | ($5.28M) | ($6.29M) | ($6.80M) | - |
| Interest Expense | $57.6K | - | $43.4K | $21.6K | $25.1K | - | $34.5K | $19.4K | - | - |
| Income Tax | $47.0K | - | - | - | $0 | - | $0 | $0 | - | - |
| Net Income | ($3.06M) | - | ($2.48M) | $905.1K | ($3.61M) | - | ($5.82M) | ($3.05M) | ($6.88M) | - |
| EPS - Basic | ($0.51) | - | ($0.60) | $0.20 | ($0.90) | - | ($1.60) | ($0.90) | ($2.70) | - |
| EPS - Diluted | ($0.51) | - | ($0.60) | $0.20 | ($0.90) | - | ($1.60) | ($0.90) | ($2.70) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.80M | $172.1K | $102.7K | $20.4K | $236.2K | $149.3K | $72.9K | $1.43M | $3.30M | $40.2K |
| Accounts Receivable | $130.4K | $250.1K | $50.1K | $9.0K | $40.9K | $30.9K | $30.9K | $0 | $7.5K | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $3.36M | $5.04M | $4.95M | $4.61M | $6.90M | $6.00M | $5.38M | $3.57M | $4.42M | - |
| Current Assets | $3.60M | $1.64M | $1.83M | $1.95M | $1.88M | $1.23M | $1.18M | $2.45M | $4.35M | $44.8K |
| Total Assets | $16.31M | $15.30M | $16.37M | $17.02M | $17.94M | $18.15M | $31.95M | $34.05M | $36.85M | $22.10M |
| Current Liabilities | $8.31M | $10.81M | $12.31M | $10.44M | $14.09M | $14.25M | $13.05M | $12.89M | $13.11M | $8.02M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $9.03M | $11.84M | $12.92M | $11.30M | $14.63M | $15.51M | $14.20M | $13.41M | $16.25M | $8.78M |
| Stockholders' Equity | $7.28M | $3.46M | $3.45M | $5.73M | $3.31M | $2.64M | $17.75M | $20.64M | $20.60M | ($8.74M) |
| Retained Earnings | ($58.70M) | ($55.64M) | ($52.20M) | ($49.72M) | ($50.63M) | ($47.02M) | ($29.06M) | ($23.24M) | ($20.19M) | ($12.99M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($3.72M) | - | - | - | ($2.63M) | - | - | - | ($4.55M) | - |
| Investing Cash Flow | ($140.1K) | - | - | - | ($110.3K) | - | - | - | ($171.1K) | - |
| Financing Cash Flow | $5.49M | - | - | - | $2.83M | - | - | - | $6.34M | - |
| CapEx | - | - | - | - | $0 | - | - | - | $13.0K | - |
| Free Cash Flow | - | - | - | - | ($2.63M) | - | - | - | ($4.56M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | 100.0% | 100.0% | 497.9% | - | 0.0% | - | - | - |
| Operating margin | -3196.2% | - | -3853.3% | -56506.2% | -41540.9% | - | -10559.0% | - | -13654.9% | - |
| EBITDA margin | -2192.0% | - | -2235.9% | -37008.4% | -32148.9% | - | -8614.3% | - | -13419.2% | - |
| Net margin | -2934.5% | - | -4128.4% | 18101.6% | -36102.3% | - | -11646.2% | - | -13826.9% | - |
| Free cash flow margin | - | - | - | - | -26278.6% | - | - | - | -9164.4% | - |
| FCF / Net income | - | - | - | - | 0.73 | - | - | - | 0.66 | - |
| R&D / Revenue | 25.8% | - | -6.0% | 148.0% | 107.0% | - | 150.9% | - | 503.5% | - |
| SG&A / Revenue | 2266.2% | - | 2414.9% | 36960.4% | 32141.9% | - | 4564.9% | - | 13015.7% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -18.8% | - | -15.2% | 5.3% | -20.1% | - | -18.2% | -9.0% | -18.7% | - |
| Return on equity | -42.0% | - | -71.9% | 15.8% | -109.0% | - | -32.8% | -14.8% | -33.4% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.43 | 0.15 | 0.15 | 0.19 | 0.13 | 0.09 | 0.09 | 0.19 | 0.33 | 0.01 |
| Quick ratio | 0.43 | 0.15 | 0.15 | 0.19 | 0.13 | 0.09 | 0.09 | 0.19 | 0.33 | 0.01 |
| Cash ratio | 0.22 | 0.02 | 0.01 | 0.00 | 0.02 | 0.01 | 0.01 | 0.11 | 0.25 | 0.01 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -57.9x | - | -53.4x | -130.7x | -165.8x | - | -153.0x | -324.3x | - | - |
| Equity multiplier | 2.24 | 4.42 | 4.74 | 2.97 | 5.42 | 6.86 | 1.80 | 1.65 | 1.79 | -2.53 |
| Liabilities / Assets | 0.55 | 0.77 | 0.79 | 0.66 | 0.82 | 0.85 | 0.44 | 0.39 | 0.44 | 0.40 |
| Efficiency | ||||||||||
| Asset turnover | 0.01 | - | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | 0.00 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 456d | - | 304d | 657d | 1492d | - | 225d | - | 55d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | 22.0x | - | - | - | - | - | - |
| P / B | 31.1x | - | 35.9x | 32.4x | 41.7x | - | 20.8x | 33.8x | 82.7x | - |
| P / S | 2168.3x | - | 2062.0x | 37106.2x | 13808.3x | - | 7392.1x | - | 34209.4x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 943.1% | - | 20.2% | - | -79.9% | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 19.7% | - | 56.1% | 55.1% | 38.9% | - | -225.0% | -1050.2% | -2062.4% | - |
| Net income growth (YoY) | 15.2% | - | 57.4% | - | 47.6% | - | -266.3% | -1089.7% | - | - |
| EPS growth (YoY) | 43.3% | - | 62.5% | - | 66.7% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | 42.4% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 119.8% | 30.9% | -80.5% | -72.3% | -83.9% | - | - | - | - | 45.9% |
Peer comparison
Same SIC group: Services-Computer Integrated Systems Design
Comparing Brand Engagement Network Inc. against the 5 most active filers in the same SIC group.