“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 ↗
Brand Engagement Network, Inc.
BNAI
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.
- 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.
Research brief
The story so far
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.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- BNAI's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- 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.
- Diluted shares increased 33.0% in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 4 filings.
- EV/sales is 3136% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
7.97Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“The increase in research and development expenses were primarily due to consulting related expenses.”10-Q · May 15, 2026 ↗
“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 ↗
“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.
Fewer than 4 annual revenue periods; too little history to scaffold scenarios.
Price action
How the market is pricing the story
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.