Revenue: As of FY2026 Q1, the actual value is USD 104.31 K.

EPS: As of FY2026 Q1, the actual value is USD -0.51.

EBIT: As of FY2026 Q1, the actual value is USD -3.276 M.

Revenue

Brand Engagement Network Inc. operates as a single reporting segment . For the three months ended March 31, 2026, revenue was $104,311, a significant increase from $10,000 for the same period in 2025 .

Operational Metrics

Total operating expenses for Q1 2026 decreased to $3,438,259 from $4,164,092 in Q1 2025, representing a decrease of - $725,833 . General and administrative expenses decreased by - $850,285 to $2,363,904 in Q1 2026, down from $3,214,189 in Q1 2025, primarily due to reductions in professional fees, employee-related costs, and insurance . Research and development (R&D) expenses increased to $26,944 in Q1 2026 from $10,697 in Q1 2025, an increase of $16,247, mainly due to consulting-related expenses . Depreciation and amortization expenses rose to $1,047,411 in Q1 2026 from $939,206 in Q1 2025, an increase of $108,205, primarily due to assets being placed in service .

Loss from Operations

Loss from operations improved to - $3,333,948 in Q1 2026 compared to - $4,154,092 in Q1 2025, an improvement of $820,144 .

Other Income (Expense)

Total other income, net, was $319,960 in Q1 2026, down from $543,862 in Q1 2025 . Interest expense, net, decreased to - $57,067 in Q1 2026 from - $125,042 in Q1 2025, an improvement of $67,435 . Change in fair value of warrant liabilities resulted in a gain of $294,293 in Q1 2026, compared to a gain of $614,892 in Q1 2025 . The company recognized a gain on debt extinguishment of $89,340 in Q1 2026, with no comparable gain in Q1 2025 . Other income (expense), net, was - $6,066 in Q1 2026, compared to $54,012 in Q1 2025 .

Net Loss

The net loss for Q1 2026 was - $3,060,977, an improvement from - $3,610,230 in Q1 2025 . The accumulated deficit as of March 31, 2026, was - $58,703,561 .

Cash Flow

Net cash used in operating activities increased to - $3,724,697 in Q1 2026 from - $2,627,862 in Q1 2025 . Net cash used in investing activities increased to - $140,095 in Q1 2026 from - $110,274 in Q1 2025, primarily due to capitalized internal-use software costs . Net cash provided by financing activities significantly increased to $5,493,679 in Q1 2026 from $2,825,092 in Q1 2025, driven by proceeds from warrant exercises and common stock sales .

Unique Financial Metrics and Strategic Milestones

Brand Engagement Network Inc. implemented a comprehensive realignment of its financial and operational framework in Q1 2026, resulting in a $2,814,047 reduction in total liabilities compared to Q1 2025 . The company completed $596,005 in debt-to-equity conversions during Q1 2026 and terminated its $50 million Standby Equity Purchase Agreement (SEPA) facility . On March 25, 2026, a $1.518 million private placement was closed with Ben Capital Fund I, LLC, and approximately $4.47 million in cash was received from warrant exercises .

Future Outlook and Strategy

Brand Engagement Network Inc. expects to continue incurring significant operating costs for research and development, capital expenditures, and scaling operations, requiring substantial additional capital to fund future product development . The company aims to raise additional capital through equity financings, debt, or other arrangements, acknowledging that its current liquidity position raises substantial doubt about its ability to continue as a going concern . Strategic initiatives include entry into the African market via a licensing partnership with Valio Technologies (Pty) Ltd., and a definitive agreement to acquire Munich-based Cataneo GmbH for approximately $19.5 million to apply AI technology to live media systems .