B
Brand Engagement Network Inc.
BNAIWCIK 0001838163NasdaqEmerging GrowthServices-Computer Integrated Systems DesignDelawareFY ends Dec 31
Period
FY 2025
Revenue
$275.1K
Net Income
$-8.63M
Total Assets
$15.30M
Equity
$3.46M
Shares Out
5.86M
Op. Cash Flow
$-5.09M
Business
Brand Engagement Network Inc. is a generative AI company that develops conversational AI solutions built around secure, human-like AI agents. It offers customizable AI Agents and supporting services including conversation design, AI Agent customization in look, sound and personality, business system integration, SDKs, and deployment across cloud, on‑premises and hybrid environments. Its key business areas target vertical solutions and product tiers for healthcare, automotive, advertising and financial services, with configurable safety, retrieval-augmented generation and multimodal capabilities. The company distributes its platform through direct sales, channel partners, reseller agreements and integrations into apps, kiosks and enterprise systems.
Summary from filing dated 2025-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 275,120 | 99,790 | 35,210 | — | — | |
| General and administrative expenses | 9 | 19 | 11 | — | — | |
| Research and development | 162,973 | 1 | 236,710 | — | — | |
| Impairment of deferred customer acquisition costs | — | 13 | 0 | — | — | |
| Depreciation and amortization | 4 | 3 | — | — | — | |
| Total operating expenses | 13 | 37 | 12 | — | — | |
| Gain (Loss) from operations | −13 | −36 | −12 | −5 | −2 | |
| Interest expense, net | −410,460 | −202,945 | −56,515 | — | — | |
| Change in fair value of warrant liabilities | 197,292 | 994,687 | 0 | 8 | 8 | |
| Gain (loss) on debt extinguishment | 4 | 2 | 0 | — | — | |
| Other income (expense), net | 22,808 | 20,490 | −9,757 | 13 | 7 | |
| Total other income, net | 4 | 3 | −50,752 | — | — | |
| Loss before income tax benefit | −9 | −34 | −12 | — | — | |
| Income tax benefit (expense) | — | — | 0 | — | — | |
| Net income (loss) | −9 | −34 | −12 | 7 | 5 | |
| Net income (loss) per common share- basic | −1.97 | −10.25 | −0.57 | — | — | |
| Net income (loss) per common share- diluted | −1.97 | −10.25 | −0.57 | — | — | |
| Weighted average number of common shares outstanding - basic | 4 | 3 | 21 | — | — | |
| Weighted average number of common shares outstanding - diluted | 4 | 3 | 21 | — | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2023 2023-09-30 | FY 2023 2023-06-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 172,124 | 149,273 | 2 | — | — | |
| Accounts receivable, net of allowance | 250,120 | 30,888 | 10,000 | — | — | |
| Prepaid and other current assets | 1 | 1 | 201,293 | — | — | |
| Total current assets | 2 | 1 | 2 | — | — | |
| Property and equipment, net | 287,073 | 292,757 | 802,557 | — | — | |
| Intangible assets, net | 13 | 16 | 18 | — | — | |
| Investment | — | — | — | — | — | |
| Right of use asset | 329,505 | 507,182 | 0 | — | — | |
| Total assets | 15 | 18 | 22 | — | — | |
| Accounts payable | 5 | 6 | 1 | — | — | |
| Accrued expenses | 4 | 5 | 2 | — | — | |
| Due to related parties | — | 693,036 | 0 | — | — | |
| Lease liability, current | — | 173,497 | 0 | — | — | |
| Short-term debt | 1 | 2 | 223,300 | — | — | |
| Convertible debt | 760,000 | 1 | 0 | — | — | |
| Total current liabilities | 11 | 14 | 3 | — | — | |
| Lease liability, non-current | 309,752 | 335,766 | 0 | — | — | |
| Warrant liabilities | 721,758 | 919,050 | 0 | — | — | |
| Total liabilities | 12 | 16 | 4 | — | — | |
| Commitments and contingencies (Note K) | — | — | — | — | — | |
| Preferred stock par value $0.0001 per share, 10,000,000 shares authorized, none designated. No shares issued or outstanding as of December 31, 2025 and 2024 | — | — | 0 | — | — | |
| Common stock par value of $0.0001 per share, 750,000,000 shares authorized. As of December 31, 2025 and 2024, 5,783,524 and 33,816,899 shares issued and outstanding, respectively | 578 | 382 | — | — | — | |
| Additional paid-in capital | 59 | 50 | 31 | 3 | 4 | |
| Accumulated deficit | −56 | −47 | −13 | −23 | −22 | |
| Total stockholders equity | 3 | 3 | 18 | — | — | |
| Total liabilities and stockholders equity | 15 | 18 | 22 | — | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation expense | 4 | 3 | — | — | — | |
| Allowance for uncollected receivables | 30,000 | 30,000 | 20,000 | — | — | |
| Write off of deferred financing fees | — | 1 | 0 | — | — | |
| Impairment of deferred customer acquisition costs | — | 13 | — | — | — | |
| Amortization of right-to-use asset | 177,679 | — | — | — | — | |
| Amortization of debt discount | 48,408 | — | — | — | — | |
| SEPA financing costs | — | 525,000 | — | — | — | |
| Equity based compensation | 822,430 | 2 | 5 | — | — | |
| Non-cash interest expense | — | 90,624 | 0 | — | — | |
| Reduction in the right of use asset | — | 60,005 | 0 | — | — | |
| Accounts receivable | −249,232 | −50,888 | −29,500 | — | — | |
| Prepaid and other current assets | −168,379 | −824,281 | −201,043 | — | — | |
| Accounts payable | 3 | 6 | 101,396 | — | — | |
| Accrued expenses | 620,283 | −3 | 1 | — | — | |
| Lease liability | −199,511 | −57,924 | 0 | — | — | |
| Deferred revenue | — | −2,290 | 2,290 | — | — | |
| CASH USED IN OPERATING ACTIVITIES | −5 | −14 | −5 | −648,866 | −2 | |
| Purchase of property and equipment | −23,512 | −53,023 | −48,349 | — | — | |
| Purchase of intangible asset | — | −228,367 | −379,864 | — | — | |
| CASH USED IN INVESTING ACTIVITIES | −23,512 | −281,390 | −1 | 0 | −309 | |
| Cash and cash equivalents acquired in connection with the reverse recapitalization | — | 858,292 | — | — | — | |
| Payment of financing costs | — | −883,292 | −711,859 | — | — | |
| Proceeds received from option and warrant exercises | 2 | 100,024 | 35,000 | — | — | |
| Proceeds from short term loans | 2 | — | — | — | — | |
| Repayment of note payable | −452,618 | −80,000 | — | — | — | |
| Proceeds from the sale of common stock | 1 | 11 | 5 | 0 | 303 | |
| Proceeds from Standby Equity Purchase Agreement liability | 825,781 | 1 | 0 | — | — | |
| CASH USED IN FINANCING ACTIVITIES | 5 | 13 | 8 | 0 | 312 | |
| Change in cash and cash equivalents | 22,852 | −2 | — | — | — | |
| Cash paid for interest | — | — | 0 | — | — | |
| Non-cash capitalization of R&D expenses for stock compensation | 762,716 | — | — | — | — | |
| Issuance of common stock pursuant to Reseller Agreement | — | 13 | — | — | 0 | |
| Stock-based compensation capitalized as part of capitalized software costs | 5,325 | 236,346 | — | — | — | |
| Settlement of liabilities into common shares | 2 | 583,690 | — | — | — | |
| Settlement of accounts payable into convertible note | 351,035 | 2 | — | — | — | |
| Right of use asset obtained in exchange of operating new lease | — | 567,187 | 0 | — | — | |
| Conversion of convertible notes into common shares | 2 | 760,000 | — | — | — | |
| Financing costs in accounts payable and accrued expenses | — | 200,000 | — | — | — |
Filings
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