BrenX Ltd. (BRNX) AI Stock Analysis

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

BRNX AI stock analysis summary

AI Research

BrenX Ltd. (BRNX) is an integrated industrial energy infrastructure provider that develops thermal energy storage systems and clean power solutions. For FY2025, the company generated $387,000 in revenue alongside net income of -$13.9M and free cash flow of -$10.6M. Its market capitalization stands at $1.8M following a 1-year stock decline of 99.7%.

Market cap
$1.8M
Revenue (TTM)
$0
P/E
—
1Y return
-99.7%
S&P 500 16.8%
Avg. target
—

Bull case

  • Revenue expanded at a 4-year CAGR of 42.9% between FY2019 and FY2025, rising from $92,899 to $387,000.
  • The company maintains a current ratio of 1.33 with $4.5M in cash and short-term investments as of December 31, 2025.
  • The stock trades at a price-to-book ratio of 1.2x with an enterprise value of $8.3M.

Bear case

  • Net income was -$13.9M in FY2025 alongside an operating margin of -3291.5%.
  • The company generated free cash flow of -$10.6M in FY2025 while revenue fell 37.7% to $387,000.
  • Shares have declined 99.7% over the past year and trade 96.2% below the 200-day moving average.

What BrenX does

BrenX Ltd., formerly known as Brenmiller Energy Ltd., develops, owns, operates, and optimizes integrated industrial energy infrastructure. Its primary platform integrates thermal energy storage, electricity generation, industrial heat solutions, and digital optimization capabilities. The company's core technology, bGen, converts electricity and recovered heat into dispatchable thermal energy for manufacturing, data centers, healthcare facilities, and utilities. BrenX Ltd. operates a Build-Own-Operate-Optimize model to deliver customized energy infrastructure, retain asset ownership, provide monitoring services, and optimize energy performance. It also deploys photovoltaic capacity and develops integrated energy hubs combining solar, thermal storage, and heat capabilities.

Growth and profitability

BrenX Ltd. saw revenue increase from $92,899 in FY2019 to a peak of $1.5M in FY2022 before dropping to $621,000 in FY2023 and $387,000 in FY2025, reflecting a 37.7% decline in the latest fiscal year. Between FY2019 and FY2025, revenue achieved a 4-year CAGR of 42.9%. Profitability has remained negative across all reported periods. In FY2025, gross margin was -829.2%, operating margin was -3291.5%, and net margin was -3593.0%, resulting in net income of -$13.9M. In the trailing twelve months ending December 31, 2025, revenue was $0, with return on equity at -433.4% and diluted EPS of -$1044.20.

BRNX income statement →

Balance sheet and cash flow

As of December 31, 2025, BrenX Ltd. held $4.5M in cash and short-term investments against total debt of $5.8M, resulting in net debt of $1.3M. The company reported shareholders' equity of $3.5M, total assets of $12.5M, a current ratio of 1.33, and a debt-to-equity ratio of 1.67. Cash flow remains constrained, with FY2025 operating cash flow of -$10.4M and free cash flow of -$10.6M. Capital expenditures totaled $217,000 in FY2025, while the 5-year share count change expanded by 369.0%.

BRNX balance sheet →

Valuation and performance

BrenX Ltd. carries a market capitalization of $1.8M and an enterprise value of $8.3M. The stock trades at a price-to-sales multiple of 12.5x and an EV-to-revenue multiple of 7.7x, compared to the median of 2.4x for its US-listed Utilities peers. Its price-to-book ratio is 1.2x. Over the past year, BRNX shares declined 99.7%, significantly lagging the S&P 500 return of 16.8%. The stock also fell 99.1% year-to-date and trades 96.2% below its 200-day moving average.

BRNX key metrics →

What analysts expect

Analyst coverage details, including consensus buy or sell ratings, target prices, and earnings forecasts, are not reported for BrenX Ltd. As of October 16, 2026, the company's shares closed at $0.91, down from a 52-week high of $383.86 and above its 52-week low of $0.80. The company posted a trailing twelve-month EPS of -$1044.20 as of the quarter ended December 31, 2025. No upcoming earnings report dates or analyst estimates are available.

Key risks and what to watch

  • Free cash flow of -$10.6M in FY2025 exceeds the company's cash and short-term investments balance of $4.5M.
  • Total debt of $5.8M exceeds cash reserves, resulting in net debt of $1.3M and a debt-to-equity ratio of 1.67.
  • Dilution risk remains elevated after the 5-year share count increased by 369.0%.
  • Trailing twelve-month revenue was $0 as of December 31, 2025, highlighting commercial revenue volatility.

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 BRNX AI stock analysis

This page is an AI-written research summary of BrenX Ltd. (BRNX). 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: BRNX income statement, BRNX balance sheet, BRNX key metrics, BRNX chart. See the BRNX stock overview for the latest quote and news.

BRNX AI stock analysis FAQ

What does BrenX Ltd. do?

BrenX Ltd. develops, owns, and operates industrial energy infrastructure utilizing its proprietary bGen thermal energy storage technology. The company provides thermal storage, electricity generation, and industrial heat systems to manufacturing, healthcare, and utility clients.

What was BrenX Ltd.'s revenue in FY2025?

BrenX Ltd. reported revenue of $387,000 in FY2025, which fell 37.7% from $621,000 in FY2023. Trailing twelve-month revenue stood at $0 for the period ending December 31, 2025.

Does BrenX Ltd. pay a dividend?

No, BrenX Ltd. does not pay a dividend. The company had free cash flow of -$10.6M in FY2025.

What is BrenX Ltd.'s debt and cash position?

As of December 31, 2025, the company held $4.5M in cash and short-term investments and $5.8M in total debt. This results in net debt of $1.3M and a current ratio of 1.33.

How has BRNX stock performed over the past year?

BRNX shares fell 99.7% over the 1-year period ending October 16, 2026, closing at $0.91. Over that same timeframe, the S&P 500 gained 16.8%.

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