Estados financieros detallados de Brand Engagement Network, Inc. (BNAI): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Márgenes de los últimos 12 meses: margen bruto -7.4%, margen operativo -23.9%, margen neto -23.5%.
Al precio actual de $6.84, BNAI presenta beneficios negativos (P/E no significativo) y un ROE del -0.25%. La capitalización bursátil es de $46M.
Cuenta de Resultados (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $7410 | $15642 | $35210 | $99790 | $275120 |
| Coste de Ventas | 0 | 0 | 0 | 0 | $7.9M |
| Beneficio Bruto | $7410 | $15642 | $35210 | $99790 | -$7.6M |
| I+D | $45408 | $136404 | $236710 | $1.1M | $162973 |
| Generales y Administrativos | $781772 | $1.0M | $10.8M | $19.2M | $8.9M |
| Gastos Operativos | $827180 | $1.2M | $11.7M | $36.6M | $5.0M |
| Beneficio Operativo | -$819770 | -$1.2M | -$11.7M | -$36.5M | -$12.6M |
| EBITDA | -$820074 | -$599110 | -$11.0M | -$30.8M | -$296376 |
| Gastos por Intereses | 0 | 0 | $56515 | $202945 | $410460 |
| Beneficio Antes de Impuestos | -$820074 | -$676038 | -$11.7M | -$33.7M | -$8.6M |
| Impuestos | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$820074 | -$676038 | -$11.7M | -$33.7M | -$8.6M |
| BPA | $-0.24 | $-0.17 | $-5.68 | $-10.20 | $-1.97 |
| BPA Diluido | $-0.24 | $-0.17 | $-5.68 | $-10.20 | $-1.97 |
| Acciones en Circulación (Diluidas) | $3.4M | $3.9M | $3.4M | $3.3M | $4.4M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $60120 | $200000 | $104311 | $160083 |
| Beneficio Bruto | $60120 | -$2.0M | -$989746 | -$938844 |
| Beneficio Operativo | -$2.3M | -$3.3M | -$3.3M | -$3.5M |
| EBITDA | -$1.4M | -$1.0M | -$1.9M | -$2.5M |
| Beneficio Neto | -$2.5M | -$3.4M | -$3.1M | -$3.4M |
| BPA | $-0.59 | $-0.70 | $-0.51 | $-0.77 |
| BPA Diluido | $-0.59 | $-0.70 | $-0.51 | $-0.77 |
Balance (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $861474 | $212608 | $1.7M | $149273 | $172124 |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $55000 | $1500 | $10000 | $33888 | $250120 |
| Inventario | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $1.3M | $275638 | $1.9M | $1.2M | $1.6M |
| Inmovilizado Material | 0 | 0 | $802557 | $799939 | $616578 |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $677245 | $600317 | $17.9M | $16.1M | $13.1M |
| Activos Totales | $310.7M | $314.2M | $22.0M | $18.1M | $15.3M |
| Cuentas por Pagar | 0 | 0 | $1.3M | $6.0M | $5.0M |
| Deuda a Corto | 0 | 0 | $223300 | $2.8M | $2.1M |
| Pasivos Corrientes | $1.0M | $5.4M | $3.1M | $14.3M | $10.8M |
| Deuda a Largo | 0 | 0 | $1.2M | 0 | $309752 |
| Pasivos Totales | $20.2M | $16.4M | $4.3M | $15.5M | $11.8M |
| Reservas | -$18.9M | -$16.2M | -$13.3M | -$47.0M | -$55.6M |
| Patrimonio Neto | $290.5M | $297.8M | $17.7M | $2.6M | $3.5M |
| Deuda Total | 0 | 0 | $1.4M | $3.3M | $2.4M |
| Deuda Neta | -$861474 | -$212608 | -$293039 | $3.2M | $2.2M |
| Capital Circulante | $225513 | -$5.2M | -$1.2M | -$13.0M | -$9.2M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $102715 | $172124 | $1.8M | $708.2M |
| Activos Totales | $16.4M | $15.3M | $16.3M | $30.70B |
| Pasivos Totales | $12.9M | $11.8M | $9.0M | $11.26B |
| Patrimonio Neto | $3.5M | $3.5M | $7.3M | $19.44B |
| Deuda Total | $4.1M | $2.4M | $1.4M | $2.03B |
Flujo de Caja (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $5.1M | $7.2M | -$11.7M | -$33.7M | -$8.6M |
| Amortizaciones | 0 | 0 | $637990 | $2.7M | $3.9M |
| Compensación en Acciones | 0 | 0 | 0 | 0 | $822430 |
| Cambio en Capital Circulante | $662761 | $4.7M | $1.1M | $2.5M | $3.3M |
| Flujo de Caja Operativo | -$1.7M | -$648866 | -$5.8M | -$14.9M | -$5.1M |
| Inversiones (CapEx) | 0 | -$4 | -$502062 | -$281394 | -$23512 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$1.7M | -$648870 | -$6.3M | -$15.2M | -$5.1M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$107259 | $258037 | -$3.7M | -$1.9M |
| Inversiones (CapEx) | -$442951 | $560955 | $8297 | -$12609 |
| Flujo de Caja Libre | -$550210 | $818992 | -$3.7M | -$1.9M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $209941 | $242888 | $112000 | $112000 |
Crecimiento y Márgenes (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +111.1% | +125.1% | +183.4% | +175.7% |
| Crecimiento Beneficio Neto (anual) | | +17.6% | -1635.3% | -187.4% | +74.4% |
| Crecimiento BPA (anual) | | +29.2% | -3244.1% | -79.4% | +80.7% |
| Cambio en Acciones (anual) | | +14.7% | -12.5% | -2.8% | +33.0% |
| Crecimiento FCF (anual) | | +60.7% | -866.1% | -142.5% | +66.4% |
| Margen Bruto | 100.0% | 100.0% | 100.0% | 100.0% | -2778.2% |
| Margen Operativo | -11063.0% | -7826.6% | -33173.9% | -36550.7% | -4589.3% |
| Margen EBITDA | -11067.1% | -3830.1% | -31345.5% | -30848.9% | -107.7% |
| Margen Neto | -11067.1% | -4321.9% | -33318.0% | -33786.4% | -3135.2% |
| Margen FCF | -22269.5% | -4148.3% | -17803.7% | -15236.4% | -1857.3% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% |
Datos por Acción (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.49 | $-0.17 | $-1.85 | $-4.62 | $-1.17 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $3.4M | $3.9M | $3.4M | $3.3M | $4.4M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | -0.25% |
| Rentabilidad sobre capital invertido | -0.05% |
| Rentabilidad sobre activos | -0.04% |
| Margen bruto | -735.09% |
| Margen operativo | -2385.37% |
| Margen neto | -2353.53% |
Salud financiera
| Deuda / Patrimonio | 0.10 |
| Ratio corriente | 0.28 |
| Piotroski F-Score | 4 |
| Altman Z-Score | -8.00 |
Ratios Clave (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -312.08 | -440.59 | -13.18 | -0.95 | -1.18 |
| P/VC | 0.87 | 0.97 | 14.33 | 12.12 | 2.93 |
| P/V | 34078.99 | 18521.97 | 7201.55 | 321.20 | 36.90 |
| Margen Bruto | 100.0% | 100.0% | 100.0% | 100.0% | -2778.2% |
| Margen Operativo | -11063.0% | -7826.6% | -33173.9% | -36550.7% | -4589.3% |
| Margen Neto | -11067.1% | -4321.9% | -33318.0% | -33786.4% | -3135.2% |