Brand Engagement Network (BNAI) Q2 2026 earnings summary

Executive summary

• Completed acquisition of Cataneo GmbH, expanding into media and advertising technology and adding significant revenue potential.

• Launched new healthcare AI initiatives and expanded partnerships in Africa and Latin America.

• Reduced legacy liabilities and streamlined capital structure, including debt repayments and equity conversions.

• Added to the Russell 3000® and Russell 2000® Indexes, increasing market visibility.

Financial highlights

• Revenue for the six months ended June 30, 2026 was $264,394, up from $15,000 year-over-year, driven by increased commercial traction and related party revenue.

• Net loss for the six months ended June 30, 2026 was $6,424,305, compared to $2,705,150 for the same period in 2025.

• Operating expenses for the six months were $7,129,236, up slightly from $6,994,400 year-over-year.

• Cash used in operating activities was $5,608,706 for the six months ended June 30, 2026.

• Cash provided by financing activities was $15,943,291, primarily from equity sales and warrant exercises.

Outlook and guidance

• Management expects continued operating losses and negative cash flows for at least the next 12 months.

• Additional capital will be required to fund operations and product development; plans include seeking equity or debt financing.

• Integration of Cataneo is expected to drive future revenue growth, but realization of anticipated benefits is subject to integration risks.