Brand Engagement Network Inc. BNAI
are an artificial intelligence company focused on the engagement layer of AI, where human interaction connects directly to enterprise
systems, workflows, and real-world outcomes. Through our secure, enterprise-grade conversational AI solutions, we enable organizations
to connect human intent to data, systems, workflows, and execution across their operations. Our technology is powered by our proprietary
Engagement Language Model (ELM™), which is designed to operate within secure, closed-loop environments using organization-approved
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $275.1K | $99.8K | $35.2K | — | — | — |
| Cost of revenue | — | $0 | $0 | — | — | — |
| Gross profit | — | $99.8K | $35.2K | — | — | — |
| R&D | $163.0K | $1.1M | $236.7K | — | — | — |
| SG&A | $8.9M | $19.2M | $10.8M | — | — | — |
| Total operating expenses | $12.9M | $36.6M | $11.7M | — | — | — |
| Operating income | -$12.6M | -$36.5M | -$11.7M | -$5.4M | -$2.3M | — |
| Interest expense | $410.5K | $202.9K | $56.5K | — | — | — |
| Pre-tax income | -$8.6M | -$33.7M | -$11.7M | $7.2M | $5.1M | — |
| Income tax | — | $0 | $0 | $0 | $0 | — |
| Net income | -$8.6M | -$33.7M | -$11.7M | $7.2M | $5.1M | — |
| EPS, basic | -1.97 | -10.25 | -0.57 | — | — | — |
| EPS, diluted | -1.97 | -10.25 | -0.57 | — | — | — |
| Shares, diluted (wtd. avg.) | 4.4M | 3.3M | 20.6M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $172.1K | $149.3K | $1.7M | $2.0K | $861.5K | $0 |
| Receivables | $250.1K | $30.9K | $10.0K | — | — | — |
| Total current assets | $1.6M | $1.2M | $1.9M | $275.6K | $1.3M | — |
| Property, plant and equipment | $287.1K | $292.8K | $802.6K | — | — | — |
| Other intangibles | $13.1M | $16.1M | $17.9M | — | — | — |
| Total assets | $15.3M | $18.1M | $22.0M | $314.2M | $310.7M | $71.5K |
| Accounts payable | $5.0M | $6.0M | $1.3M | $5.4M | $1.0M | — |
| Short-term debt | $1.3M | $1.7M | $223.3K | — | — | — |
| Total current liabilities | $10.8M | $14.3M | $3.1M | $5.4M | $1.0M | $51.5K |
| Total liabilities | $11.8M | $15.5M | $4.3M | $16.4M | $20.2M | $51.5K |
| Retained earnings | -$55.6M | -$47.0M | -$13.3M | -$16.2M | -$18.9M | -$5.0K |
| Total equity | $3.5M | $2.6M | $17.7M | -$40.1K | -$18.9M | $20.0K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$5.1M | -$14.0M | -$5.1M | -$648.9K | -$1.7M | — |
| Depreciation and amortisation | $3.9M | $2.7M | $638.0K | — | — | — |
| Stock-based compensation | $822.4K | $1.8M | $4.9M | — | — | — |
| Capital expenditure | $23.5K | $53.0K | $48.3K | — | — | — |
| Investing cash flow | -$23.5K | -$281.4K | -$1.1M | $0 | -$309.5M | — |
| Financing cash flow | $5.1M | $12.8M | $7.9M | $0 | $312.0M | — |
| Buybacks | — | — | $296.2M | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-016954.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | $35.2K | $99.8K | $275.1K |
| Gross profit | — | — | — | $35.2K | $99.8K | — |
| Net income | — | $5.1M | $7.2M | -$11.7M | -$33.7M | -$8.6M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Results announced Item 2.02
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Acquisition or disposal completed Item 2.01
- Unregistered share sale Item 3.02
- Regulation FD disclosure Item 7.01
- Unregistered share sale Item 3.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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