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Brand Engagement Network
(NASDAQ:BNAI)
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Rating:43Neutral
Price Target:
$4.50
▼(-66.06% Downside)
Action:Reiterated
Date:10/20/26
The score is held down primarily by severe unprofitability and substantial cash burn reflected in the financial statements, with technicals also showing a clear downtrend (price below all key moving averages and negative MACD). Offsetting factors include a relatively low leverage snapshot and several positive corporate actions (synergy plan, litigation settlement, and financing), but these do not yet outweigh the scale of operating and cash flow weakness.
Positive Factors
Revenue Growth
TTM revenue growth of 42% indicates expanding commercial activity and provides a larger base on which the company can build its AI software offering. If growth persists, it can improve operating leverage and support investment in product development, customer acquisition, and enterprise adoption over the next several quarters.
Negative Factors
Severe Unprofitability
BNAI’s rapid revenue growth is currently outweighed by exceptionally large losses, showing that the existing revenue base does not yet support the company’s cost structure. Persistently negative operating profitability limits internal reinvestment capacity and makes sustainable earnings dependent on substantial improvement in margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
TTM revenue growth of 42% indicates expanding commercial activity and provides a larger base on which the company can build its AI software offering. If growth persists, it can improve operating leverage and support investment in product development, customer acquisition, and enterprise adoption over the next several quarters.
Read all positive factors
Brand Engagement Network (BNAI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$34.30M
Dividend YieldN/A
Average Volume (3M)150.34K
Price to Earnings (P/E)―
Beta (1Y)0.77
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. Volume173,941
30 Day Avg. Volume150,336
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 Cap3.44
Enterprise Value/Revenue225.14
Enterprise Value/Gross Profit-30.63
Enterprise Value/Ebitda-17.37
Forecast
1Y Price Target
$20.00Price Target Upside50.83% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-2.42
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 | -6.80M | -4.35M | -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
7.92
Negative
11.68
Negative
20.57
Negative
Market Momentum
-0.80
Negative
25.64
Positive
14.36
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 above the 20-day moving average (MA) of 5.33, above the 50-day MA of 7.92, and below the 200-day MA of 20.57, indicating a bearish trend. The MACD of -0.80 indicates Negative momentum. The RSI at 25.64 is Positive, neither overbought nor oversold. The STOCH value of 14.36 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% | |
48 Neutral | $8.66M | -6.09 | -14.51% | ― | 1.61% | 58.69% | |
45 Neutral | $11.75M | -3.26 | -40.41% | ― | 20.31% | 90.57% | |
45 Neutral | $7.39M | -0.39 | -36.08% | ― | 12.16% | 78.89% | |
43 Neutral | $34.30M | -1.78 | -0.25% | ― | 706.94% | 68.10% | |
43 Neutral | $3.05M | -0.01 | -103.65% | 1.17% | -6.48% | -100.27% |
* Technology Sector Average
BNAI
Brand Engagement Network
4.58
-0.03
-0.65%
BLIN
Bridgeline Digital
0.69
-0.64
-48.03%
CETX
Cemtrex
1.77
-47.43
-96.40%
DTSS
Datasea
0.70
-1.20
-63.05%
MSAI
Multisensor AI Holdings
3.35
-37.05
-91.71%
Brand Engagement Network Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Brand Engagement Network outlines Cataneo integration cost savings
Positive
Oct 20, 2026
Brand Engagement Network reported that, in connection with its June 30, 2026 acquisition of Cataneo GmbH, it expects to incur approximately $177,000 in one-time exit costs tied mainly to severance and notice pay as part of Phase II and Phase III i...
Business Operations and StrategyLegal Proceedings
Brand Engagement Network Settles Litigation, Reducing Liabilities
Positive
Oct 16, 2026
On September 30, 2026, Brand Engagement Network Inc. entered into a Settlement and Forbearance Agreement with Evora Partners, LLC and BEN Capital Fund I, LLC to resolve about $1.3 million owed under a January 2021 consulting agreement. Evora agree...
Business Operations and StrategyPrivate Placements and Financing
Brand Engagement Network Announces Premium-Priced Private Placement
Positive
Sep 22, 2026
On September 21, 2026, Brand Engagement Network entered into a securities purchase agreement for a $1.051 million private placement of 123,650 common shares at $8.50, a more than 20% premium to the prior $7.07 close, equally subscribed by BEN Capi...
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...
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.