Forensic Analysis · Technology / Software · as of Sep 10, 2026
Brand Engagement Network Inc. (BNAI)
A forensic read on Brand Engagement Network Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
-21.0
Distress distance
Watch
Earnings quality
5
Forensic signals
-249.2%
ROE
175.7%
Revenue growth
The financial-health reading above compares this company's equity at BOOK value, not at what the market currently pays for it — this free snapshot doesn't pull live market data. Treat it as a rough read, not the final word.
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Brand Engagement Network Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads -21.0, placing it in the Distress zone (based on book value, not market value, since this free snapshot doesn't pull live market data — treat this zone as a rough read, not the final word). 5 forensic signals were flagged in its latest SEC filings, led by receivables vs revenue.
What the filings flag
186d DSO
FY2024→FY2025
Receivables vs revenue.Days sales outstanding moved from 75 to 186 days FY2024→FY2025 (receivables +710% vs revenue +176%). Receivables are outrunning sales — a flag for aggressive revenue recognition or slipping collections.
stopped
FY2023→FY2024
Shareholder returns — halted.Capital returns have STOPPED — $296M of buybacks + dividends in FY2023, but ~$0 in FY2024. A halt usually means the company is conserving cash.
+10.9%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +10.9% relative to their own average in FY2025 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building faster than is comfortable — part of profit is sitting in the balance sheet rather than turning to cash. The build is led by receivables up +710% against revenue +176%. A cash-flow measure on the same base disagrees: reported earnings ran behind operating cash by 81% of net operating assets, against an accruals ratio of 10.9%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average. Read them as two results, not one.
n/m (stock split)
FY2023–FY2025
Share count (stock split).Diluted share count changed -79% over the last 2 years to FY2025, but that includes a large one-time change around FY2024 consistent with a stock split or reverse split, not gradual buybacks or issuance — a split changes the count with NO effect on any holder's proportional ownership, so the raw -54.0%/yr figure isn't a real buyback/dilution read here.
Key fundamentals
Latest Revenue$275,120.00
Revenue Growth YoY+175.7%
Net Margin-3135.2%
Free Cash Flow-$5.1M
Return on Equity-249.2%
Debt / Equity0.39x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Brand Engagement Network Inc.'s actual 10-K/10-Q/8-K filings?
Data from SEC EDGAR public filings · metrics as of Sep 10, 2026. Forensic signals flag probability, not certainty.
Brand Engagement Network Inc. (BNAI) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
299% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 299% of revenue in FY2025 — about $0.19 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 33.0% a year, above the level at which the count is a material claim on a stake, and only one year's change is on file — enough to state what a holder gave up, not enough to say whether the rate is climbing or coming down. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.