BNAI Brand Engagement Network Inc.

Overview and Growth

In fiscal 2025, Brand Engagement Network Inc. recorded $275.12K of revenue, net loss of $8.63M, and an operating cash outflow of $5.09M. The $275.12K revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $99.79K in fiscal 2024, revenue recorded a 175.7% year-over-year increase. Diluted earnings per share were -$1.97, translating the period’s attributable earnings into the amount reported for each diluted share. A diluted share base of 4.38M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. The diluted share count was 33.0% higher than fiscal 2024, when diluted shares averaged 3.29M, adding context to the EPS comparison. At period end, total assets were $15.30M, framing the scale of the company’s operating and financing commitments. Revenue equaled 0.02x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Operations produced a $12.63M operating loss before non-operating and tax effects. The company ended the period with a net loss of $8.63M, extending the operating result through all remaining items. Negative EBITDA totaled $8.76M, confirming that the earnings deficit remained before depreciation and amortization. The company reported a pretax loss of $8.63M, before the effect of income taxes. Relative to period-end equity, the net loss represented 249.2%. Relative to total assets, the net loss represented 56.4%. The bottom-line deficit decreased from $33.72M in fiscal 2024 to $8.63M.

Liquidity and Capital Structure

Total assets were $15.30M, supported by $11.84M of liabilities and $3.46M of shareholder equity. Current assets were $1.64M against $10.81M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered only 0.15x of current liabilities, so current liabilities exceeded current assets at period end. Reported cash and equivalents were $172.12K, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 1.6% of current liabilities, showing how much near-term coverage came from cash alone. The equity-to-assets relationship was 22.6%, placing book capital against the total resource base. Liabilities represented 77.4% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 1.1% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 15.7% lower than fiscal 2024 assets of $18.15M, measuring the company’s own balance-sheet change. Book equity was 30.9% higher than fiscal 2024 equity of $2.64M, showing how shareholder capital changed year over year. The reported cash balance changed 15.3% from $149.27K in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

Operating activities used $5.09M of cash, resulting in an operating cash outflow for the year. Capital expenditures used $23.51K in addition to the operating cash outflow, increasing the total cash consumed by operations and investment during the period. The company recorded a $5.11M cash deficit after capital spending for the period. Relative to total assets, the post-investment cash deficit measured 33.4%. Cash absorbed by operations decreased from $14.04M in fiscal 2024 to $5.09M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.