Brand Engagement Network, Inc. (BNAI) AI Stock Analysis

NASDAQ: BNAIAI research summary: business, growth, valuation, analysts, bull and bear case.

BNAI AI stock analysis summary

AI Research

Brand Engagement Network, Inc. (BNAI) provides conversational artificial intelligence assistants designed for customer engagement and operational efficiency across workforce-constrained industries. The company generated trailing twelve months revenue of $524,514 with a trailing twelve months operating margin of -2205.7%. While quarterly revenue expanded 3101.7% year-over-year as of June 30, 2026, the company posted a net loss of -$8.6M in FY2025.

Market cap
$44.3M
Revenue (TTM)
$524,514
P/E
—
1Y return
40.3%
S&P 500 16.8%
Avg. target
$20.00
244.2% vs last close

Bull case

  • Revenue expanded at a 4-year compound annual growth rate of 146.8% through FY2025, with quarterly revenue surging 3101.7% year-over-year as of June 30, 2026.
  • The lone covering analyst maintains a Buy rating with a $20.00 price target, representing 244.2% upside from the last close of $5.81.
  • The company has demonstrated consistent execution against analyst expectations, recording 4 earnings per share beats over the last 4 quarters.

Bear case

  • The stock trades at an elevated enterprise value-to-revenue multiple of 96.8x and a price-to-sales multiple of 84.5x, well above the US-listed Technology peer median price-to-sales of 2.8x.
  • Operations remain unprofitable, characterized by a trailing twelve months operating margin of -2205.7% and a FY2025 net loss of -$8.6M.
  • Short-term liquidity appears tight, evidenced by a current ratio of 0.28 as of June 30, 2026, alongside negative free cash flow of -$5.1M in FY2025.

What Brand Engagement Network does

Brand Engagement Network, Inc., headquartered in Jackson, WY, specializes in business engagement and analytics through conversational artificial intelligence assistants. These assistants are designed to provide security-focused, multimodal communication with human-like interactions to elevate customer engagement and operational efficiencies. The company provides personalized artificial intelligence engagement solutions across various industries, particularly those facing workforce gaps. By altering how consumers interact with networks, providers, and brands, the firm seeks to redefine customer experiences and operational strategies through tailored platforms.

Growth and profitability

Annual revenue grew from $7,410 in FY2021 to $275,120 in FY2025, representing a 4-year revenue compound annual growth rate of 146.8%. Revenue increased 175.7% in FY2025 after climbing 183.4% in FY2024. However, profitability remains deeply negative; net income was -$8.6M in FY2025 following a net loss of -$33.7M in FY2024. Gross margin declined to -2778.2% in FY2025 after standing at 100.0% in each year from FY2021 through FY2024, while operating margin was -4589.3%. For the latest quarter ended June 30, 2026, quarterly revenue growth was 3101.7% year-over-year, bringing trailing twelve months revenue to $524,514 with an operating margin of -2205.7% and trailing earnings per share of -$2.25.

BNAI income statement →

Balance sheet and cash flow

As of June 30, 2026, Brand Engagement Network reported cash and short-term investments of $708.2M against total debt of $2.03B, resulting in net debt of $1.33B. Total assets stood at $30.70B, while shareholders' equity was $19.44B, yielding a debt-to-equity ratio of 0.10. The company's current ratio was 0.28. In FY2025, operating cash flow was -$5.1M and free cash flow was -$5.1M, with capital expenditures of $23,512.

BNAI balance sheet →

Valuation and performance

Brand Engagement Network closed at $5.81 on October 16, 2026, giving it a market cap of $44.3M and an enterprise value of $50.7M. The stock trades at a price-to-sales multiple of 84.5x and an enterprise value-to-revenue ratio of 96.8x, compared to a median price-to-sales of 2.8x for the 805 peers in its US-listed Technology group. The stock carries a price-to-book ratio of 2.5x. Over the past year, shares gained 40.3% compared to a 16.8% return for the S&P 500 (SPY), though the stock sits 71.7% below its 200-day average.

BNAI key metrics →

What analysts expect

One analyst covers the stock with a Buy rating. The mean price target is $20.00, representing an implied upside of 244.2% from the last close of $5.81. For the current fiscal year ending December 31, 2026, the consensus estimate calls for revenue of $4.7M and earnings per share of -$2.34. For the next fiscal year, projected revenue is $10.0M, reflecting expected revenue growth of 112.8%, with earnings per share estimated at -$1.94. The company beat earnings per share estimates in all 4 of the last 4 quarters, and its next earnings date is November 24, 2026.

BNAI forecast and price target →

Key risks and what to watch

  • Short interest stands at 12.9% of float, indicating significant market skepticism amid a trailing twelve months return on equity of -98.1%.
  • Shares have exhibited severe volatility, trading between a 52-week low of $1.18 and a 52-week high of $86.28.
  • Ongoing cash burn is reflected in negative operating cash flow of -$5.1M in FY2025, requiring sustained capital support.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this BNAI AI stock analysis

This page is an AI-written research summary of Brand Engagement Network, Inc. (BNAI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: BNAI income statement, BNAI balance sheet, BNAI key metrics, BNAI analyst forecast, BNAI chart. See the BNAI stock overview for the latest quote and news.

BNAI AI stock analysis FAQ

What was Brand Engagement Network's revenue in FY2025?

Brand Engagement Network generated $275,120 in revenue for FY2025, up 175.7% from $99,790 in FY2024.

What is the consensus analyst price target for BNAI?

The mean analyst price target is $20.00, which sits 244.2% above its last close of $5.81 on October 16, 2026.

Does Brand Engagement Network pay a dividend?

No, Brand Engagement Network does not pay a dividend.

What is BNAI's current liquidity and debt profile?

As of June 30, 2026, the company held $708.2M in cash and short-term investments against $2.03B in total debt, with a current ratio of 0.28.

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