Brand Engagement Network, Inc. (BNAI) Balance Sheet
BNAI balance sheet, 2025
December 31, 2025 · U.S. dollars$15.3M assets = $11.8M liabilities + $3.5M equity
Both columns are drawn to the same scale: what BNAI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BNAI financial health
Descriptive bands, not a rating. Fiscal 2025.
BNAI balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $71,5462020 | $15.3M2025 | +192.4%/yr | |
| Total liabilities | $51,5462020 | $11.8M2025 | +196.7%/yr | |
| Shareholders’ equity | $20,0002020 | $3.5M2025 | +180.3%/yr | |
| Cash & short-term investments | $861,4742021 | $172,1242025 | −33.1%/yr | |
| Total debt | $13,6412020 | $2.4M2025 | +181.5%/yr | |
| Net cash (debt) | −$13,6412020 | −$2.2M2025 | −$2.2M | |
| Working capital | $225,5132021 | −$9.2M2025 | −$9.4M | |
| Book value per share | $86.182021 | $0.792025 | −69.0%/yr | |
| Current ratio | 1.222021 | 0.152025 | −1.07 | |
| Debt / equity | 0.682020 | 0.702025 | +0.01 | |
| Shares outstanding | 3.4M2021 | 4.4M2025 | +6.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BNAI assets
BNAI liabilities and equity
BNAI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BNAI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $172,124 | $149,273 | $1.7M | $212,608 | $861,474 | — |
| Cash & equivalents | $172,124 | $149,273 | $1.7M | $212,608 | $861,474 | — |
| Receivables | $250,120 | $33,888 | $10,000 | $1,500 | $55,000 | $0 |
| Inventory | $0 | $0 | $0 | $0 | −$1.3M | $0 |
| Other current assets | $1.2M | $1.0M | $201,293 | $61,530 | $1.6M | — |
| Total current assets | $1.6M | $1.2M | $1.9M | $275,638 | $1.3M | — |
| Property, plant & equipment (net) | $616,578 | $799,939 | $802,557 | $0 | $0 | $0 |
| Goodwill & intangible assets | $13.1M | $16.1M | $17.9M | $600,317 | $677,245 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $1 | $1.4M | $313.3M | $308.8M | $71,546 |
| Total assets | $15.3M | $18.1M | $22.0M | $314.2M | $310.7M | $71,546 |
| Liabilities | ||||||
| Accounts payable | $5.0M | $6.0M | $1.3M | $580,680 | $215,830 | — |
| Short-term debt | $2.1M | $3.0M | $223,300 | — | — | $13,641 |
| Deferred revenue | — | — | $2,290 | $50,000 | — | — |
| Total current liabilities | $10.8M | $14.3M | $3.1M | $5.4M | $1.0M | $51,546 |
| Long-term debt | $0 | $0 | $1.2M | $0 | $0 | $0 |
| Lease obligations | $309,752 | $509,263 | $0 | — | — | — |
| Other long-term liabilities | $1.0M | $1.3M | $0 | $11.0M | $19.1M | $0 |
| Total liabilities | $11.8M | $15.5M | $4.3M | $16.4M | $20.2M | $51,546 |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $578 | $3,956 | $2,327 | $313.9M | $309.5M | $719 |
| Retained earnings (deficit) | −$55.6M | −$47.0M | −$13.3M | −$16.2M | −$18.9M | −$5,000 |
| Total shareholders' equity | $3.5M | $2.6M | $17.7M | $297.8M | $290.5M | $20,000 |
| Key figures | ||||||
| Total debt | $2.4M | $3.3M | $1.4M | — | — | $13,641 |
| Net cash (debt) | −$2.2M | −$3.2M | $293,039 | — | — | −$13,641 |
| Working capital | −$9.2M | −$13.0M | −$1.2M | −$5.2M | $225,513 | — |
| Tangible book value | −$9.6M | −$13.5M | −$187,694 | $297.2M | $289.9M | $20,000 |
| Book value per share | $0.79 | $0.80 | $5.23 | $76.98 | $86.18 | — |
| Shares outstanding | 4.4M | 3.3M | 3.4M | 3.9M | 3.4M | — |
| Current ratio | 0.15 | 0.09 | 0.60 | 0.05 | 1.22 | — |
| Quick ratio | 0.04 | 0.01 | 0.54 | 0.04 | 0.89 | 0.00 |
| Debt / equity | 0.70 | 1.25 | 0.08 | — | — | 0.68 |
| Equity / assets | 22.6% | 14.6% | 80.4% | 94.8% | 93.5% | 28.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $708.2M | $1.8M | $172,124 | $102,715 | $236,229 | $149,273 | $72,878 | $1.4M | $3.3M | $40,167 | $60,847 |
| Cash & equivalents | $708.2M | $1.8M | $172,124 | $102,715 | $236,229 | $149,273 | $72,878 | $1.4M | $3.3M | $40,167 | $60,847 |
| Receivables | $952,986 | $130,415 | $250,120 | $50,120 | $43,888 | $33,888 | $33,888 | $3,000 | $10,500 | $3,000 | $3,000 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | −$122,680 | $0 | $0 | $0 | $0 |
| Other current assets | $1.91B | $1.7M | $1.2M | $1.7M | $1.6M | $1.0M | $1.2M | $1.0M | $1.0M | $1,667 | $22,494 |
| Total current assets | $2.61B | $3.6M | $1.6M | $1.8M | $1.9M | $1.2M | $1.2M | $2.4M | $4.4M | $44,834 | $86,341 |
| Property, plant & equipment (net) | $1.17B | $561,636 | $616,578 | $449,799 | $759,256 | $799,939 | $285,305 | $266,777 | $1.2M | $1.2M | $0 |
| Goodwill & intangible assets | $25.77B | $12.2M | $13.1M | $14.1M | $15.3M | $16.1M | $17.0M | $17.9M | $17.8M | $17.8M | $17.9M |
| Long-term investments | $1.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.15B | $0 | $0 | $0 | $0 | $1 | $13.5M | $13.5M | $13.5M | $3.0M | $31.3M |
| Total assets | $30.70B | $16.3M | $15.3M | $16.4M | $17.9M | $18.1M | $31.9M | $34.1M | $36.9M | $22.1M | $49.3M |
| Liabilities | |||||||||||
| Accounts payable | $3.2M | $3.4M | $5.0M | $5.0M | $6.9M | $6.0M | $5.4M | $3.6M | $4.4M | $4.4M | $615,381 |
| Short-term debt | $1.44B | $1.1M | — | $3.7M | $2.3M | $3.0M | $2.8M | $2.8M | $223,300 | $223,300 | $966,974 |
| Deferred revenue | — | — | — | — | — | — | — | — | $2,290 | — | — |
| Total current liabilities | $9.26B | $8.3M | $10.8M | $12.3M | $14.1M | $14.3M | $13.0M | $12.9M | $13.1M | $8.0M | $7.7M |
| Long-term debt | $58,416 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.2M | $1.2M | $0 |
| Lease obligations | $845,563 | $289,136 | $309,752 | $361,824 | $421,901 | $509,263 | — | — | — | $0 | — |
| Other long-term liabilities | $2.00B | $716,601 | $1.0M | $613,371 | $537,005 | $1.3M | $1.2M | $517,898 | $2.0M | $0 | $12.1M |
| Total liabilities | $11.26B | $9.0M | $11.8M | $12.9M | $14.6M | $15.5M | $14.2M | $13.4M | $16.2M | $8.8M | $19.9M |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $742,000 | $649 | — | $4,430 | $4,299 | $3,956 | $3,794 | $3,610 | $3,360 | $22.1M | $49.2M |
| Retained earnings (deficit) | −$62.07B | −$58.7M | −$55.6M | −$52.2M | −$50.6M | −$47.0M | −$29.1M | −$23.2M | −$20.2M | −$13.0M | −$19.8M |
| Total shareholders' equity | $19.44B | $7.3M | $3.5M | $3.5M | $3.3M | $2.6M | $17.8M | $20.6M | $20.6M | $13.3M | $29.4M |
| Key figures | |||||||||||
| Total debt | $2.03B | $1.4M | — | $4.1M | $2.5M | $3.3M | $2.8M | $2.8M | $1.4M | $1.4M | $966,974 |
| Net cash (debt) | −$1.33B | $433,354 | — | −$4.0M | −$2.3M | −$3.2M | −$2.7M | −$1.4M | $1.9M | −$1.4M | −$906,127 |
| Working capital | −$6.65B | −$4.7M | −$9.2M | −$10.5M | −$12.2M | −$13.0M | −$11.9M | −$10.4M | −$8.8M | −$8.0M | −$7.7M |
| Tangible book value | −$6.33B | −$4.9M | −$9.6M | −$10.6M | −$12.0M | −$13.5M | $744,671 | $2.8M | $2.8M | −$4.5M | $11.5M |
| Book value per share | $4,443.12 | $1.66 | $0.60 | $0.82 | $0.83 | $0.74 | $4.99 | $6.07 | $6.06 | $0.39 | $8.68 |
| Shares outstanding | 4.4M | 4.4M | 5.8M | 4.2M | 4.0M | 3.6M | 3.6M | 3.4M | 3.4M | 33.9M | 3.4M |
| Current ratio | 0.28 | 0.43 | 0.15 | 0.15 | 0.13 | 0.09 | 0.09 | 0.19 | 0.33 | 0.01 | 0.01 |
| Quick ratio | 0.08 | 0.23 | 0.04 | 0.01 | 0.02 | 0.01 | 0.01 | 0.11 | 0.25 | 0.01 | 0.01 |
| Debt / equity | 0.10 | 0.19 | — | 1.19 | 0.75 | 1.25 | 0.16 | 0.14 | 0.07 | 0.10 | 0.03 |
| Equity / assets | 63.3% | 44.6% | 22.6% | 21.1% | 18.5% | 14.6% | 55.6% | 60.6% | 55.9% | 60.3% | 59.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 16, 2026); data from EODHD.
BNAI financial position
At the end of fiscal 2025 (December 31, 2025), Brand Engagement Network had total assets of $15.3 million (down 15.7% from a year earlier), total liabilities of $11.8 million and shareholders' equity of $3.5 million. It held $0.2 million in cash and short-term investments against $2.4 million of debt, net debt of $2.2 million. Its current ratio was 0.15. In the latest quarter (ended June 30, 2026) total assets were $30.7 billion and equity $19.4 billion.
Related: BNAI income statement, BNAI cash flow statement, BNAI key metrics. See the BNAI stock overview for the latest quote and news.
BNAI balance sheet FAQ
What are Brand Engagement Network's total assets?
Brand Engagement Network reported total assets of $15.3 million at the end of fiscal 2025 (December 31, 2025), compared with $18.1 million a year earlier.
How much debt does Brand Engagement Network have?
Brand Engagement Network had $2.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.70.
How much cash does Brand Engagement Network have?
Brand Engagement Network held $0.2 million in cash and short-term investments at the end of fiscal 2025; with $2.4 million of debt that is net debt of $2.2 million.
What is Brand Engagement Network's book value?
Brand Engagement Network's shareholders' equity (book value) was $3.5 million at the end of fiscal 2025, or $0.79 per share.
What is Brand Engagement Network's current ratio?
Brand Engagement Network had current assets of $1.6 million and current liabilities of $10.8 million, a current ratio of 0.15 (current liabilities exceed current assets).
How much goodwill does Brand Engagement Network have?
Brand Engagement Network carried $13.1 million of goodwill and intangible assets, 85.3% of total assets, at the end of fiscal 2025.