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Brand Engagement Network
(NASDAQ:BNAI)
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Rating:42Neutral
Price Target:
$10.00
▼(-24.59% Downside)
Action:Reiterated
Date:08/29/26
The score is held down primarily by severe unprofitability and very large negative operating/free cash flow, which outweigh strong revenue growth and a currently moderate leverage profile. Technically, the stock remains in a downtrend (below major moving averages with negative MACD), with only oversold signals suggesting a potential but unconfirmed bounce. Corporate events are positive (index inclusion, balance-sheet actions, and a profitability-enhancing acquisition), but their near-term impact appears modest relative to current financial strain.
Positive Factors
Strong revenue growth
Rapid revenue expansion indicates that demand for the company’s software offerings is developing and that customer adoption may be broadening. If growth persists, a larger revenue base could improve operating leverage, support reinvestment, and strengthen the company’s competitive position over the next several quarters.
Negative Factors
Severe unprofitability
The scale of current losses shows that revenue growth has not yet translated into a sustainable economic model. Negative operating profitability can restrict reinvestment, weaken resilience during execution challenges, and require substantial future improvement in costs or monetization before growth creates lasting shareholder value.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Rapid revenue expansion indicates that demand for the company’s software offerings is developing and that customer adoption may be broadening. If growth persists, a larger revenue base could improve operating leverage, support reinvestment, and strengthen the company’s competitive position over the next several quarters.
Read all positive factors
Brand Engagement Network (BNAI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$79.15M
Dividend YieldN/A
Average Volume (3M)113.81K
Price to Earnings (P/E)―
Beta (1Y)0.89
Revenue Growth706.94%
EPS Growth68.10%
CountryUS
Employees29
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-2.57
Shares Outstanding7,488,046
10 Day Avg. Volume95,592
30 Day Avg. Volume113,810
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$20.00Price Target Upside50.83% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-4.7
Revenue Forecast (FY)$4.70M
Brand Engagement Network Business Overview & Revenue Model
Company Description
Brand Engagement Network, Inc. (BNAI) specializes in developing and deploying advanced conversational artificial intelligence solutions. Its primary objective is to revolutionize business interaction and data analysis by offering secure, multi-cha...
How the Company Makes Money
Publicly verifiable, company-specific detail on Brand Engagement Network (BNAI)’s revenue model (e.g., exact product packaging, pricing, disclosed customer contracts, and the breakdown of revenue streams) is not available in the information provid...
Brand Engagement Network Earnings Call Summary
Earnings Call Date:Oct 14, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Apr 01, 2027
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
12
Very Negative
Balance Sheet
66
Positive
Cash Flow
8
Very Negative
| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 524.51K | 275.12K | 99.79K | 35.21K | 15.64K | 7.41K |
| Gross Profit | -3.86M | -7.64M | 99.79K | 35.21K | 15.64K | 7.41K |
| EBITDA | -6.75M | -296.38K | -30.78M | -11.04M | -599.11K | -820.07K |
| Net Income | -12.34M | -8.63M | -33.72M | -11.73M | -676.04K | -820.07K |
Balance Sheet | ||||||
| Total Assets | 30.70B | 15.30M | 18.15M | 22.01M | 314.19M | 310.70M |
| Cash, Cash Equivalents and Short-Term Investments | 708.20M | 172.12K | 149.27K | 1.69M | 212.61K | 861.47K |
| Total Debt | 2.03B | 2.41M | 3.30M | 1.39M | 0.00 | 0.00 |
| Total Liabilities | 11.26B | 11.84M | 15.51M | 4.31M | 16.44M | 20.15M |
| Stockholders Equity | 19.44B | 3.46M | 2.64M | 17.69M | 297.75M | 290.55M |
Cash Flow | ||||||
| Free Cash Flow | -5.34M | -5.11M | -15.20M | -6.27M | -648.87K | -1.65M |
| Operating Cash Flow | -5.46M | -5.09M | -14.92M | -5.77M | -648.87K | -1.65M |
| Investing Cash Flow | -9.68M | -23.51K | -281.39K | -1.14M | 0.00 | -309.45M |
| Financing Cash Flow | 15.83M | 5.13M | 13.67M | 8.59M | 0.00 | 311.96M |
Brand Engagement Network Technical Analysis
Negative
13.26
Price Trends
13.58
Negative
18.49
Negative
19.96
Negative
Market Momentum
-0.93
Positive
31.12
Neutral
1.63
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 13.26 is below the 20-day moving average (MA) of 13.66, below the 50-day MA of 13.58, and below the 200-day MA of 19.96, indicating a bearish trend. The MACD of -0.93 indicates Positive momentum. The RSI at 31.12 is Neutral, neither overbought nor oversold. The STOCH value of 1.63 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% | |
53 Neutral | $11.66M | -8.19 | -14.51% | ― | 1.61% | 58.69% | |
48 Neutral | $10.74M | -0.57 | -36.08% | ― | 12.16% | 78.89% | |
47 Neutral | $9.54M | -1.83 | -40.30% | ― | 20.31% | 90.57% | |
44 Neutral | $4.30M | -0.02 | -103.65% | 1.17% | -6.48% | -100.27% | |
42 Neutral | $79.15M | -4.11 | -0.25% | ― | 706.94% | 68.10% |
* Technology Sector Average
BNAI
Brand Engagement Network
10.57
7.52
246.56%
BLIN
Bridgeline Digital
0.93
-0.44
-31.99%
CETX
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2.50
-121.85
-97.99%
DTSS
Datasea
0.66
-1.42
-68.27%
MSAI
Multisensor AI Holdings
4.87
-22.91
-82.47%
Brand Engagement Network Corporate Events
Private Placements and Financing
Brand Engagement Network Raises Capital via Warrant Exercise
Positive
Aug 28, 2026
On August 27, 2026, Brand Engagement Network Inc. issued 15,138 shares of common stock to BEN Capital Fund I, LLC through the cash exercise of previously issued warrants, generating $259,125.60 in proceeds and leaving no exercised warrants outstan...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Brand Engagement Network Strengthens Balance Sheet via Conversions
Positive
Jul 24, 2026
Between July 1 and July 22, 2026, Brand Engagement Network, Inc. undertook a series of equity-related transactions that converted obligations into stock and raised new capital. The company reported that these actions, including stock purchase agre...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Brand Engagement Network Completes Cataneo AI Software Acquisition
Positive
Jun 30, 2026
On June 30, 2026, Brand Engagement Network completed its $19.5 million acquisition of Cataneo GmbH, a profitable enterprise advertising software provider based in Munich. The deal, funded through a mix of cash and private issuances of common stock...
Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresPrivate Placements and Financing
Brand Engagement Network Added to Russell 3000, 2000 Indexes
Positive
Jun 29, 2026
Brand Engagement Network Inc., a Delaware-based public company, was added to the Russell 3000 and small-cap Russell 2000 Indexes following the June 2026 annual reconstitution of the Russell U.S. Indexes, with inclusion effective after the market c...
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsPrivate Placements and Financing
Brand Engagement Network Advances Cataneo Acquisition Financing Plans
Positive
Jun 17, 2026
On April 30, 2026, Brand Engagement Network Inc. signed a share purchase and transfer agreement to acquire all outstanding equity interests of Germany-based Cataneo GmbH from several sellers for a total consideration of $19.5 million, split betwee...
Business Operations and StrategyProduct-Related Announcements
Brand Engagement Network Forms Healthcare AI Joint Venture
Positive
Jun 9, 2026
On June 8, 2026, Brand Engagement Network, Inc. and INTERVENT International, LLC formed INTERVENT Health AI, Inc., a Delaware-based, 50/50 healthcare AI joint venture combining BEN’s conversational AI with INTERVENT’s clinically valida...
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.