Brand Engagement Network Inc.
BNAI, BNAIW · Services-Computer Integrated Systems Design · 6.5M shares · -84%/yr ↓ buyback · EDGAR filings ↗
Reference price $2.58 · est. market cap ~$17M — last insider sale, 2025-12-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
F28Dormant/near-insolvent micro-cap — deep losses (-4589%) and near-insolvent liquidity (current ratio 0.15).
Strengths
- n/a — no durable positives
Risks
- Near-insolvent/negligible operations — per metrics
- Going-concern fragility — per 10-K
- Shell-like financials — per 10-K
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Net lossNet loss (net margin -3135.2%)
- Cash burnNegative free cash flow (-5.1M)
- Weak liquidityCurrent ratio 0.15 (<1)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Buying back stockNet buyback — share count -84%/yr over 1y
- AccumulatingInstitutional holders rose 2→3 QoQ (2025-12-31→2026-03-31)
- New fund positionNotable fund(s) opened this quarter: STATE STREET CORP
- Notable holderHeld by 3 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, GOLDMAN SACHS GROUP INC (as of 2026-03-31)
- Revenue declineRevenue -47.8% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-4589.3%
Net margin
-3135.2%
Return on equity
-249.2%
Return on assets
-56.4%
Revenue growth (QoQ)
-47.8%
Current ratio
0.2×
Free cash flow
-$5M
EBITDA
-$9M
Tangible book value
-$10M
Cash & investments
$172K
Cash runway
0q
Stock comp / revenue
298.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2025-12-15 | Pinnam Venkata Ramana | Sell | 267 | $2.58 |
| 2025-12-12 | Pinnam Venkata Ramana | Sell | 3.7K | $2.65 |
| 2025-01-08 | Pinnam Venkata Ramana | Grant | 9.5K | — |
| 2025-01-08 | Luck Tyler J | Grant | 7.9K | — |
| 2025-01-02 | Puckett Milford Bernard Jr | Grant | 32K | — |
| 2025-01-02 | Luck Tyler J | Grant | 6.3K | — |
| 2025-01-02 | Grasso Janine | Grant | 47K | — |
| 2025-01-02 | Gaertner Christopher | Grant | 53K | — |
| 2025-01-02 | Morgan Thomas JR | Grant | 40K | — |
| 2025-01-02 | Isaacs Richard | Grant | 26K | — |
| 2025-01-02 | Leibowitz Jon | Grant | 49K | — |
| 2024-12-31 | Pinnam Venkata Ramana | Grant | 8.1K | — |
| 2024-12-31 | Luck Tyler J | Grant | 6.9K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-17 | 3.02Reg FDExhibits | filing ↗ |
| 2026-06-09 | Material agreementExhibits | filing ↗ |
| 2026-06-05 | Material agreement3.02Reg FDExhibits | filing ↗ |
| 2026-06-03 | 3.02OtherExhibits | filing ↗ |
| 2026-05-20 | OtherExhibits | filing ↗ |
| 2026-05-18 | Material agreementReg FDExhibits | filing ↗ |
| 2026-05-11 | Material agreementReg FDExhibits | filing ↗ |
| 2026-04-30 | Material agreement3.02Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-17 | 2026-06-17 | 0001493152-26-028999 ↗ |
| 8-K | 2026-06-09 | 2026-06-09 | 0001493152-26-027818 ↗ |
| 8-K | 2026-06-05 | 2026-06-05 | 0001493152-26-027373 ↗ |
| 8-K | 2026-06-03 | 2026-05-30 | 0001493152-26-027124 ↗ |
| 8-K | 2026-05-20 | 2026-05-20 | 0001493152-26-024496 ↗ |
| 8-K | 2026-05-18 | 2026-05-18 | 0001493152-26-024040 ↗ |
| 10-Q | 2026-05-15 | 2026-03-31 | 0001493152-26-023892 ↗ |
| 8-K | 2026-05-11 | 2026-05-11 | 0001493152-26-022133 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0001493152-26-019778 ↗ |
| 8-K | 2026-04-23 | 2026-04-21 | 0001493152-26-018611 ↗ |
| 8-K | 2026-04-22 | 2026-04-22 | 0001493152-26-018419 ↗ |
| 10-K | 2026-04-16 | 2025-12-31 | 0001493152-26-016954 ↗ |