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.
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