Feed / BNAI

Brand Engagement Network, Inc.

BNAI

Technology · 8.03 -2.8% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Brand Engagement Network, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 8 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Company-2.8% todayVolume comparison unavailable
Market group0 of 8 activeCalifornia Utilities · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • BNAI's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if BNAI's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Technology · Software - Infrastructure

No new filing conclusion is available. 0 of 8 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • BNAI's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods3
Price observations320
Usable filing statements67
Verified relationships1
Evidence supporting the case
  • Latest annual revenue changed +175.7% year over year.
  • Operating margin changed +31961.4 percentage points in the latest annual period.
  • Net margin changed +30651.2 percentage points in the latest annual period.
Evidence challenging the case
  • Diluted shares increased 33.0% in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 4 filings.
Questions before a position
  • EV/sales is 3136% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

7.97
6m-78.3%12m+2438.2%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2023-12-31$35,210$-0.57
2024-12-31$99,790+183.4%$-10.25
2025-12-31$275,120+175.7%$-1.97+33.0%

What management says matters

Persistent and emerging business drivers

Legal and regulatory exposuremixed · 5 filings
We have and expect to further incur significant expenses as a result of being a public company, including expenses related to compliance with the rules and regulations of the SEC and Nasdaq, additional insurance, investor relations and other administrative ex…
10-Q · May 15, 2026
Product pipeline and R&Dmixed · 5 filings
The increase in research and development expenses were primarily due to consulting related expenses.
10-Q · May 15, 2026
Credit and interest ratesnegative · 4 filings
The net loss included non-cash charges of approximately $0.8 million, which consisted of approximately $0.9 million of depreciation and amortization expense, $0.4 million in equity-based compensation expense, including the issuance of restricted shares, and n…
10-Q · May 15, 2026
Restructuring and cost reductionsnegative · 1 filings
The net loss included non-cash charges of approximately $17,209,820, which consisted of approximately $13,475,000 of impairment on deferred customer acquisition costs, $1,427,729 of write offs of deferred financing fees, $1,814,048 in equity-based compensatio…
10-K · Apr 16, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 126.7× · EV/sales 126.1×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Fewer than 4 annual revenue periods; too little history to scaffold scenarios.

Price action

How the market is pricing the story

8.03-2.8% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for BNAI. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for BNAI. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind BNAI

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

SKYEFiling-linked namepartnerApr 16, 2026

In Mexico, we strengthened our presence through strategic partnerships involving SKYE LATAM and related entities.

LTMLATAM Airlines Group S.A.distributorNov 25, 2025

28 SKYE Inteligencia LATAM Partnership On October 30, 2025, BEN entered into a Reseller Agreement and Shareholder Agreement, with SKYE Inteligencia LATAM, S.A.P.I.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

BNAI is currently a Early Follower in the organic co-movement group California Utilities. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for BNAI; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.