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Side-by-side financial comparison of Brand Engagement Network Inc. (BNAI) and Samsara Inc. (IOT). Click either name above to swap in a different company.

Samsara Inc. is the larger business by last-quarter revenue ($416.0M vs $60.1K, roughly 6919.1× Brand Engagement Network Inc.). Samsara Inc. runs the higher net margin — 1.9% vs -4128.4%, a 4130.2% gap on every dollar of revenue. On growth, Samsara Inc. posted the faster year-over-year revenue change (29.2% vs 20.2%).

Blackhawk Network Holdings Inc. is an American privately held company that operates in the prepaid, gift card and payments industries. It sells branded physical and digital gifts, phones, prepaid debit, and incentives cards online and through a network of global retailers. Blackhawk's network reaches people through a number of different channels including in-store, online, mobile, and incentive. Blackhawk headquarters are in Pleasanton, California and the company was incorporated in 2006.

Samsara Inc. is an American IoT company headquartered in San Francisco, California, that provides telematics software and insights for physical operations. The company has customers across North America and Europe. Samsara developed a connected operations cloud platform that provides insights to physical operations organizations in the transportation, construction, energy, utilities, public sector and retail industries, and supports the safety and efficiency of those operations.

BNAI vs IOT — Head-to-Head

Bigger by revenue
IOT
IOT
6919.1× larger
IOT
$416.0M
$60.1K
BNAI
Growing faster (revenue YoY)
IOT
IOT
+9.0% gap
IOT
29.2%
20.2%
BNAI
Higher net margin
IOT
IOT
4130.2% more per $
IOT
1.9%
-4128.4%
BNAI

Income Statement — Q3 2025 vs Q4 2026

Metric
BNAI
BNAI
IOT
IOT
Revenue
$60.1K
$416.0M
Net Profit
$-2.5M
$7.8M
Gross Margin
100.0%
76.7%
Operating Margin
-3853.3%
-0.4%
Net Margin
-4128.4%
1.9%
Revenue YoY
20.2%
29.2%
Net Profit YoY
57.4%
120.5%
EPS (diluted)
$-0.06
$0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BNAI
BNAI
IOT
IOT
Q4 25
$416.0M
Q3 25
$60.1K
$391.5M
Q2 25
$5.0K
$366.9M
Q1 25
$10.0K
$346.3M
Q4 24
$0
$322.0M
Q3 24
$50.0K
$300.2M
Q2 24
$0
$280.7M
Q1 24
$49.8K
$276.3M
Net Profit
BNAI
BNAI
IOT
IOT
Q4 25
$7.8M
Q3 25
$-2.5M
$-16.8M
Q2 25
$905.1K
$-22.1M
Q1 25
$-3.6M
$-11.2M
Q4 24
$-37.8M
Q3 24
$-5.8M
$-49.6M
Q2 24
$-3.0M
$-56.3M
Q1 24
$-6.9M
$-113.4M
Gross Margin
BNAI
BNAI
IOT
IOT
Q4 25
76.7%
Q3 25
100.0%
76.9%
Q2 25
100.0%
77.3%
Q1 25
100.0%
76.8%
Q4 24
76.4%
Q3 24
100.0%
75.6%
Q2 24
75.6%
Q1 24
100.0%
75.0%
Operating Margin
BNAI
BNAI
IOT
IOT
Q4 25
-0.4%
Q3 25
-3853.3%
-6.8%
Q2 25
-56506.2%
-9.1%
Q1 25
-41540.9%
-5.3%
Q4 24
-14.7%
Q3 24
-10559.0%
-19.4%
Q2 24
-23.5%
Q1 24
-13654.9%
-44.5%
Net Margin
BNAI
BNAI
IOT
IOT
Q4 25
1.9%
Q3 25
-4128.4%
-4.3%
Q2 25
18101.6%
-6.0%
Q1 25
-36102.3%
-3.2%
Q4 24
-11.7%
Q3 24
-11646.2%
-16.5%
Q2 24
-20.1%
Q1 24
-13826.9%
-41.0%
EPS (diluted)
BNAI
BNAI
IOT
IOT
Q4 25
$0.01
Q3 25
$-0.06
$-0.03
Q2 25
$0.02
$-0.04
Q1 25
$-0.09
$-0.02
Q4 24
$-0.07
Q3 24
$-0.16
$-0.09
Q2 24
$-0.09
$-0.10
Q1 24
$-0.27
$-0.22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BNAI
BNAI
IOT
IOT
Cash + ST InvestmentsLiquidity on hand
$102.7K
$275.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.5M
$1.3B
Total Assets
$16.4M
$2.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNAI
BNAI
IOT
IOT
Q4 25
$275.1M
Q3 25
$102.7K
$258.5M
Q2 25
$20.4K
$259.0M
Q1 25
$236.2K
$227.6M
Q4 24
$149.3K
$160.3M
Q3 24
$72.9K
$159.3M
Q2 24
$1.4M
$162.5M
Q1 24
$3.3M
$135.5M
Stockholders' Equity
BNAI
BNAI
IOT
IOT
Q4 25
$1.3B
Q3 25
$3.5M
$1.2B
Q2 25
$5.7M
$1.1B
Q1 25
$3.3M
$1.1B
Q4 24
$2.6M
$999.1M
Q3 24
$17.8M
$964.7M
Q2 24
$20.6M
$923.9M
Q1 24
$20.6M
$915.1M
Total Assets
BNAI
BNAI
IOT
IOT
Q4 25
$2.3B
Q3 25
$16.4M
$2.2B
Q2 25
$17.0M
$2.1B
Q1 25
$17.9M
$2.0B
Q4 24
$18.1M
$1.9B
Q3 24
$31.9M
$1.8B
Q2 24
$34.1M
$1.7B
Q1 24
$36.9M
$1.7B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BNAI
BNAI
IOT
IOT
Operating Cash FlowLast quarter
$-107.3K
$63.7M
Free Cash FlowOCF − Capex
$55.8M
FCF MarginFCF / Revenue
13.4%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
8.20×
TTM Free Cash FlowTrailing 4 quarters
$194.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNAI
BNAI
IOT
IOT
Q4 25
$63.7M
Q3 25
$-107.3K
$50.2M
Q2 25
$-2.6M
$52.6M
Q1 25
$-2.6M
$53.9M
Q4 24
$-14.0M
$36.0M
Q3 24
$-3.1M
$18.1M
Q2 24
$-4.1M
$23.7M
Q1 24
$-4.5M
$-41.9M
Free Cash Flow
BNAI
BNAI
IOT
IOT
Q4 25
$55.8M
Q3 25
$44.2M
Q2 25
$45.7M
Q1 25
$48.5M
Q4 24
$-14.1M
$31.2M
Q3 24
$-3.1M
$13.1M
Q2 24
$-4.1M
$18.6M
Q1 24
$-4.6M
$-44.0M
FCF Margin
BNAI
BNAI
IOT
IOT
Q4 25
13.4%
Q3 25
11.3%
Q2 25
12.5%
Q1 25
14.0%
Q4 24
9.7%
Q3 24
-6159.9%
4.4%
Q2 24
6.6%
Q1 24
-9164.4%
-15.9%
Capex Intensity
BNAI
BNAI
IOT
IOT
Q4 25
1.9%
Q3 25
1.5%
Q2 25
1.9%
Q1 25
0.0%
1.5%
Q4 24
1.5%
Q3 24
53.4%
1.7%
Q2 24
1.8%
Q1 24
26.2%
0.8%
Cash Conversion
BNAI
BNAI
IOT
IOT
Q4 25
8.20×
Q3 25
Q2 25
-2.88×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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