One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Brand Engagement Network, Inc.
BNAI · NCM · Technology · Software - Infrastructure
Current price
$6.17
52-week range
$1.18 - $86.28
Market cap
$47.06M
Balance sheet
Distressed
-30.76x Concerning
Net debt $1.33M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
1 Risk
1 rewards · 1 risks
- Reward Revenue grew 53.0% last year.
- Risk Return on equity was -98.1% last year — the company lost money on shareholders' equity.
What this company does
Brand Engagement Network, Inc.
Brand Engagement Network creates and sells AI-powered assistants, similar to very advanced chatbots, that can have human-like conversations with customers. The company makes money by selling this technology to businesses in industries like healthcare and automotive to help them automate customer service and other tasks. This matters because if their AI is effective, it can help many large companies save money and improve how they serve their own customers.
How the company got here
The company was founded in 2018 and was originally named Blockchain Exchange Network Inc. It changed its name in April 2023 to better reflect its focus on artificial intelligence. For its first few years, it was an early-stage company developing its technology without significant sales. In March 2024, it became a publicly traded company on the Nasdaq stock exchange through a merger with another firm. More recently, the company acquired a German media and advertising technology firm called Cataneo to expand its capabilities.
What it actually does
Brand Engagement Network creates conversational AI (artificial intelligence) assistants for other businesses. Think of these as very advanced chatbots that can have human-like conversations through text, voice, or even as a digital person, or avatar. Companies use these AI assistants for tasks like customer service or to help with marketing. A key selling point is that their AI is designed to be very secure and only uses a client's private data, which is critical for industries with strict privacy rules like healthcare and finance.
Conversational AI Solutions
The company has one main business: selling its AI technology to other companies, but it makes money in several ways. Sometimes it charges a licensing fee (a fee to use its patented technology), other times it charges a subscription fee (a recurring payment, like a Netflix subscription) to use its software. It also earns revenue (money a business receives from its operations) through professional services, which involves helping clients set up the AI, and through revenue-share agreements, where it gets a cut of the money its AI helps the client make. This single business serves many different industries, including healthcare, finance, automotive, and hospitality.
What management is betting on now
The company's main strategy is to focus on businesses in regulated industries, like healthcare and banking, where its secure AI has a competitive advantage. They are also pushing for growth by expanding into new countries through partnerships, particularly in Latin America and Africa. Management is also guiding the company into new sectors like advertising technology, highlighted by their recent acquisition (the purchase of one company by another) of the media firm Cataneo. Finally, they are investing in and collaborating with other tech companies to apply their AI to new areas, such as creating 'fleet intelligence' for trucking and transportation companies.
Price history
How the share price has moved
—
Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$-3.08M
FY2024 Q4
$-2.37M
FY2025 Q1
$-2.63M
FY2025 Q4
$234.53K
FY2026 Q2
$-1.89M
Revenue
$56.56K
Net income
$-3.36M
Diluted EPS
-0.49
Operating cash flow
$-1.88M
Free cash flow
$-1.89M
Fetching…
Sources
Revenue
$104.31K
Net income
$-3.06M
Diluted EPS
-0.51
Operating cash flow
$-3.72M
Free cash flow
—
Fetching…
Sources
Revenue
$200.00K
Net income
$-3.44M
Diluted EPS
-1.84
Operating cash flow
$258.04K
Free cash flow
$234.53K
Fetching…
Sources
Revenue
$60.12K
Net income
$-2.48M
Diluted EPS
-0.06
Operating cash flow
$-107.26K
Free cash flow
—
Fetching…
Sources
Revenue
$5.00K
Net income
$905.08K
Diluted EPS
0.02
Operating cash flow
$-2.61M
Free cash flow
—
Fetching…
Sources
Revenue
$10.00K
Net income
$-3.61M
Diluted EPS
-0.09
Operating cash flow
$-2.63M
Free cash flow
$-2.63M
Fetching…
Sources
Revenue
$0.00
Net income
$-17.96M
Diluted EPS
-0.50
Operating cash flow
$-2.37M
Free cash flow
$-2.37M
Fetching…
Sources
Revenue
$50.00K
Net income
$-5.82M
Diluted EPS
-0.16
Operating cash flow
$-3.05M
Free cash flow
$-3.08M
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $6.17
We couldn't calculate a fair value right now.
Is it drowning in debt?
Distressed
Net debt $1.3M. Interest coverage -30.8x.
Net debt
$1.33M
Interest coverage
-30.76x
Brand Engagement Network, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 4 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Distressed
Worse cushion
Baseline
Better cushion
BNAI
BASELINE
Brand Engagement Network, Inc.
Total debt $2.03M Interest coverage -30.76x This is the baseline the peer rows are being compared against.
Total debt $59.47M Interest coverage -17.14x Neither company has much profit cushion over interest right now.
Total debt $5.44M Interest coverage -278.21x Neither company has much profit cushion over interest right now.
Total debt $22.75M Interest coverage -4.60x Neither company has much profit cushion over interest right now.
Total debt $220.25M Interest coverage 77.64x This peer still has a real interest-payment cushion, while BNAI does not.
Total debt $986.00K Interest coverage -17.34x Neither company has much profit cushion over interest right now.
What you should know
The case for and against BNAI
1 Reward
1 Risk
Rewards
-
Revenue grew 53.0% last year.
Risks
-
Return on equity was -98.1% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
-11.43x
P/B
2.36x
P/S
89.72x
EV/EBITDA
-5.99x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
100.0%
Operating margin
-2,205.7%
Net margin
0.0%
ROE
-98.1%
ROA
-31.4%
Health
Liquidity and balance-sheet strength
Debt / equity
0.10x
Current ratio
0.28x
Quick ratio
0.18x
Total debt
$2.03M
Total cash
$708.20K
Growth
How the business has been compounding
Revenue TTM
$420.99K
Revenue 5Y CAGR
175.7%
EPS TTM
-2.31
EPS 5Y CAGR
—
Cash flow
How much cash the business throws off
Operating CF TTM
$-5.46M
Free CF TTM
$-5.11M
FCF margin
-1,213.8%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
—