Valuation for BNAI - findataslice

	Brand Engagement Network Inc. (BNAI)
	Q4-CY2025	Q3-CY2025	Q2-CY2025	Q1-CY2025	Q4-CY2024	Q3-CY2024	Q2-CY2024	Q1-CY2024	Q4-CY2023	Q3-CY2023	Q2-CY2023	Q1-CY2023	Q4-CY2022	Q3-CY2022	Q2-CY2022	Q1-CY2022	Q4-CY2021	Q3-CY2021	Q2-CY2021	Q1-CY2021	Q4-CY2020	Q3-CY2020	Q2-CY2020	Q1-CY2020	Q4-CY2019	Q3-CY2019	Q2-CY2019	Q1-CY2019	Q4-CY2018	Q3-CY2018	Q2-CY2018	Q1-CY2018	Q4-CY2017	Q3-CY2017	Q2-CY2017	Q1-CY2017	Q4-CY2016	Q3-CY2016	Q2-CY2016	Q1-CY2016	Q4-CY2015	Q3-CY2015	Q2-CY2015	Q1-CY2015	Q4-CY2014	Q3-CY2014	Q2-CY2014	Q1-CY2014	Q4-CY2013
Balance Sheet Date		2025-Sep-30	2025-Jun-30	2025-Mar-31	2024-Dec-31	2024-Sep-30	2024-Jun-30	2024-Mar-31	2023-Dec-31											2021-Mar-31
Fiscal Period		Q3-FY2025	Q2-FY2025	Q1-FY2025	Q4-FY2024	Q3-FY2024	Q2-FY2024	Q1-FY2024	Q4-FY2023											Q1-FY2021
Close Price of Common Stock	0.40$	0.29$	0.43$	0.35$	1.00$	1.03$	3.47$	6.65$
Market Cap of Common Stock	17,947,830$	12,552,904$	18,640,203$	14,829,881$	37,924,178$	36,862,248$	115,627,184$
QoQ%	42.98%	(32.66%)	25.69%	(60.90%)	2.88%	(68.12%)
YoY%	(52.67%)	(65.95%)	(83.88%)
Common Shares Outstanding	44,880,795	44,880,795	43,801,488	42,989,398	39,573,988	37,931,764	34,958,308	33,592,055	23,270,404	22,756,825	22,136,339	17,273,165	17,057,085
QoQ%	.00%	2.46%	1.89%	8.63%	4.33%	8.51%	4.07%	44.36%	2.26%	2.80%	28.16%	1.27%
YoY%	13.41%	18.32%	25.30%	27.98%	70.06%	66.68%	57.92%	94.48%	36.43%
Price to Sales	238.92x	167.10x	286.77x	247.16x	380.04x
Price to Earnings	-	-	-	-	-	-	-
Price to Book	5.20x	3.64x	3.26x	4.48x	14.34x	2.08x	5.60x
Total Revenue		60,120$	5,000$	10,000$	0$	50,000$	0$	49,790$
QoQ%		1,102.40%	(50.00%)	.00%	(100.00%)	.00%	(100.00%)
YoY%		20.24%	.00%	(79.92%)
TTM		75,120$	65,000$	60,000$	99,790$
TTM_QoQ%		15.57%	8.33%	(39.87%)
TTM_YoY%
Gross Margin		100.00%	100.00%	100.00%		100.00%		100.00%
QoQ		.00%	.00%
YoY		.00%		.00%
Operating Income		(2,316,613$)	(2,825,308$)	(4,154,092$)	(18,072,751$)	(5,279,512$)	(6,292,945$)	(6,798,763$)	(3,398,143$)	(2,567,613$)	(3,076,802$)	(2,637,956$)								(160,016$)
QoQ%		18.01%	31.99%	77.02%	(242.32%)	16.10%	7.44%	(100.07%)	(32.35%)	16.55%	(16.64%)
YoY%		56.12%	55.10%	38.90%	(431.84%)	(105.62%)	(104.53%)	(157.73%)
TTM		(27,368,764$)	(30,331,663$)	(33,799,300$)	(36,443,971$)	(21,769,363$)	(19,057,464$)	(15,841,321$)	(11,680,514$)
TTM_QoQ%		9.77%	10.26%	7.26%	(67.41%)	(14.23%)	(20.30%)	(35.62%)
TTM_YoY%		(25.72%)	(59.16%)	(113.36%)	(212.01%)
Operating Margin		(3,853.32%)	(56,506.16%)	(41,540.92%)		(10,559.02%)		(13,654.88%)
QoQ		52,652.85%	(14,965.24%)
YoY		6,705.71%		(27,886.04%)
Net Income		(2,481,975$)	905,080$	(3,610,230$)	(17,958,233$)	(5,823,083$)	(3,049,704$)	(6,884,409$)	(3,402,427$)	(2,582,331$)	(3,108,552$)	(2,637,956$)								(1,403,996$)
QoQ%		(374.23%)	125.07%	79.90%	(208.40%)	(90.94%)	55.70%	(102.34%)	(31.76%)	16.93%	(17.84%)
YoY%		57.38%	129.68%	47.56%	(427.81%)	(125.50%)	1.89%	(160.98%)
TTM		(23,145,358$)	(26,486,466$)	(30,441,250$)	(33,715,429$)	(19,159,623$)	(15,918,871$)	(15,977,719$)	(11,731,266$)
TTM_QoQ%		12.61%	12.99%	9.71%	(75.97%)	(20.36%)	.37%	(36.20%)
TTM_YoY%		(20.80%)	(66.38%)	(90.52%)	(187.40%)
Profit Margin		(4,128.37%)	18,101.60%	(36,102.30%)		(11,646.17%)		(13,826.89%)
QoQ		(22,229.97%)	54,203.90%
YoY		7,517.80%		(22,275.41%)
Equity to Common Shareholders		3,453,112$	5,725,146$	3,312,256$	2,644,492$	17,751,577$	20,642,118$	20,602,525$	17,694,453$	16,837,811$	16,394,504$	(155,362$)	(40,107$)				(18,904,696$)			5,000,008$	20,000$
QoQ		(2,272,034$)	2,412,890$	667,764$	(15,107,085$)	(2,890,541$)	39,593$	2,908,072$	856,642$	443,307$	16,549,866$	(115,255$)								4,980,008$
QoQ%		(39.69%)	72.85%	25.25%	(85.10%)	(14.00%)	.19%	16.44%	5.09%	2.70%	10,652.45%	(287.37%)								24,900.04%
YoY		(14,298,465$)	(14,916,972$)	(17,290,269$)	(15,049,961$)	913,766$	4,247,614$	20,757,887$	17,734,560$				18,864,589$				(18,924,696$)
YoY%		(80.55%)	(72.27%)	(83.92%)	(85.06%)	5.43%	25.91%	13,360.98%	44,218.12%				99.79%				(94,623.48%)
Dividends Paid
Additional Paid-In Capital QoQ		209,892$	1,507,728$	4,277,652$	2,850,985$	2,932,358$	3,089,047$	9,791,448$	27,570,758$	(573,581$)	(519,310$)									6,383,700$
Treasury Stock
QoQ
Goodwill
QoQ%
YoY%
Other Intangible Assets		14,089,752$	14,369,717$	15,298,305$	16,124,370$	17,006,906$	17,866,317$	17,847,086$	17,882,147$
QoQ		(279,965$)	(928,588$)	(826,065$)	(882,536$)	(859,411$)	19,231$	(35,061$)
Amortization of Intangible Assets
Total Assets		16,372,244$	17,021,932$	17,938,478$	18,149,868$	31,949,080$	34,053,644$	36,852,097$	22,008,739$				314,188,855$							311,896,886$	71,546$
QoQ		(649,688$)	(916,546$)	(211,390$)	(13,799,212$)	(2,104,564$)	(2,798,453$)	14,843,358$												311,825,340$
YoY		(15,576,836$)	(17,031,712$)	(18,913,619$)	(3,858,871$)				(292,180,116$)
Total Liabilities		12,919,132$	11,296,786$	14,626,222$	15,505,376$	14,197,503$	13,411,526$	16,249,572$	4,314,286$				16,436,118$							27,832,778$	51,546$
QoQ		1,622,346$	(3,329,436$)	(879,154$)	1,307,873$	785,977$	(2,838,046$)	11,935,286$												27,781,232$
YoY		(1,278,371$)	(2,114,740$)	(1,623,350$)	11,191,090$				(12,121,832$)
Current Ratio		.15x	.19x	.13x	.09x	.09x	.19x	.33x	.60x				.05x							36.11x
Total Current Assets		1,832,693$	1,952,001$	1,880,917$	1,225,559$	1,181,869$	2,445,550$	4,353,776$	1,896,306$				275,638$							2,446,166$
QoQ		(119,308$)	71,084$	655,358$	43,690$	(1,263,681$)	(1,908,226$)	2,457,470$
Total Current Liabilities		12,305,761$	10,435,658$	14,089,216$	14,250,560$	13,046,635$	12,893,627$	13,106,338$	3,145,612$				5,440,933$							67,738$	51,546$
QoQ		1,870,103$	(3,653,558$)	(161,344$)	1,203,925$	153,008$	(212,711$)	9,960,726$												16,192$
Debt to Asset Ratio		.79x	.66x	.82x	.85x	.44x	.39x	.44x	.20x				.05x							.09x	.72x
Long Term Debt
QoQ
YoY
Capital Lease Obligations		361,824$	366,255$	421,901$	509,263$
Cash and Cash Equivalents		102,715$	20,356$	236,229$	149,273$	72,878$	1,431,425$	3,304,283$	1,685,013$											1,573,788$
QoQ		82,359$	(215,873$)	86,956$	76,395$	(1,358,547$)	(1,872,858$)	1,619,270$
YoY		29,837$	(1,411,069$)	(3,068,054$)	(1,535,740$)
Interest Expenses
Interest Income				2$	4$	92$	114$	3,118$												0$