Brand Engagement Network Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Brand Engagement Network Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
0.04
0.1
0.28
Cost of revenue
0
0
Gross profit
0.04
0.1
Research and development
0.24
1.13
0.16
General and administrative
10.8
19.2
8.87
Operating expenses
11.7
36.6
12.9
Operating income
-2.31
-5.39
-11.7
-36.5
-12.6
Interest expense
0.06
0.2
0.41
Interest income
0.02
0
Other non-operating income
7.39
12.6
-0.05
2.76
4
Pre-tax income
-11.7
-33.7
-8.63
Income tax
0
0
0
0
Net income
5.08
7.21
-11.7
-33.7
-8.63
EBITDA
-11
-33.7
-8.76
EPS, basic
-5.73
-10.25
-1.97
EPS, diluted
-5.73
-10.25
-1.97
Shares, basic (weighted)
2.05
3.29
4.38
Shares, diluted (weighted)
2.05
3.29
4.38
Balance sheet
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.86
0
1.69
0.15
0.17
Receivables
0.01
0.03
0.25
Other current assets
0.39
0.06
0.2
1.05
1.21
Total current assets
1.25
0.28
1.9
1.23
1.64
Property, plant and equipment
0.8
0.29
0.29
Lease right-of-use assets
0
0.51
0.33
Intangible assets
17.9
16.1
13.1
Other non-current assets
1.43
0
Total assets
311
314
22
18.1
15.3
Accounts payable
1.02
5.44
1.28
6
5.04
Accrued liabilities
5.44
1.64
4.59
3.67
Deferred revenue
0
0
Short-term debt
0.22
1.66
1.34
Total current liabilities
1.02
5.44
3.15
14.3
10.8
Lease liabilities
0
0.34
0.31
Total liabilities
20.2
16.4
4.31
15.5
11.8
Paid-in capital
0
0
31
49.7
59.1
Retained earnings
-18.9
-16.2
-13.3
-47
-55.6
Shareholders' equity
-18.9
-0.04
17.7
2.64
3.46
Total equity
-18.9
-0.04
17.7
2.64
3.46
Total liabilities and equity
311
314
22
18.1
15.3
Shares outstanding
2.32
33.8
5.78
Cash flow statement
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
5.08
7.21
-6.88
-33.7
-8.63
Depreciation and amortization
0.64
2.73
3.87
Stock-based compensation
4.88
1.81
0.82
Change in receivables
-0.03
-0.05
-0.25
Change in payables
1.02
4.42
0.1
6.01
2.98
Cash from operations
-1.65
-0.65
-5.05
-14
-5.09
Capital expenditures
-0.05
-0.05
-0.02
Purchases of investments
-309
0
Cash from investing
-309
0
-1.14
-0.28
-0.02
Stock issued
303
0
5
11.3
1.37
Share buybacks
0
-296
Cash from financing
312
0
7.88
12.8
5.13
Net change in cash
0.86
-0.65
1.68
-1.54
Free cash flow
-5.1
-14.1
-5.11
Interest paid
0
0
Income taxes paid
0
0
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $6.17 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-2,972.0%
Operating income / revenue.
EBITDA margin
-2,010.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-2,919.0%
Pre-tax income / revenue.
Net margin
-2,932.0%
Net income / revenue.
Operating cash flow margin
-1,296.0%
Cash from operations / revenue.
Return on equity (ROE)
-63.5%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-40.2%
Net income / average total assets.
Return on invested capital (ROIC)
-52.6%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
42.0%
Research and development expense / revenue.
Stock-based pay / revenue
130.2%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
962.0%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
175.7%
Revenue vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
30.9%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-15.7%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-63.5%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
33.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.28x
Current assets / current liabilities.
Quick ratio
0.08x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.08x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.00x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
0.2%
Total debt / total assets.
Liabilities / assets
36.7%
Total liabilities / total assets.
Net debt
-$649.8K
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$0.06
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.80
Cash from operations / diluted weighted shares.
Book value per share
$2.62
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
110x
Market cap / revenue.
P/B
2.38x
Market cap / shareholders' equity. Only when equity is positive.
EV/Sales
108x
Enterprise value / revenue.
Earnings yield
-26.7%
Net income / market cap (the inverse of P/E).
What was Brand Engagement Network Inc.'s revenue in fiscal 2025?
Brand Engagement Network Inc. reported revenue of $275.1K for fiscal 2025, 175.7% higher than the year before.
Was Brand Engagement Network Inc. profitable in fiscal 2025?
No. It reported a net loss of $8.6M.
How much free cash flow did Brand Engagement Network Inc. generate in fiscal 2025?
Cash from operations of $5.1M minus capital expenditures of $23.5K left free cash flow of -$5.1M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.