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

Pony AI Inc. is the larger business by last-quarter revenue ($2.1M vs $60.1K, roughly 34.6× Brand Engagement Network Inc.). Pony AI Inc. runs the higher net margin — -284.8% vs -4128.4%, a 3843.6% gap on every dollar of revenue.

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.

Pony Canyon Inc. , also known by the shorthand form Ponican , is a Japanese company, established on October 1, 1966, which distributes music, films, home video, and video games. It is affiliated with the Japanese media group Fujisankei Communications Group. Pony Canyon is a major leader in the music industry in Japan, with its artists regularly at the top of the Japanese charts. Pony Canyon is also responsible for releasing taped concerts from its artists as well as many anime productions and...

BNAI vs PONY — Head-to-Head

Bigger by revenue
PONY
PONY
34.6× larger
PONY
$2.1M
$60.1K
BNAI
Higher net margin
PONY
PONY
3843.6% more per $
PONY
-284.8%
-4128.4%
BNAI

Income Statement — Q3 2025 vs Q3 2025

Metric
BNAI
BNAI
PONY
PONY
Revenue
$60.1K
$2.1M
Net Profit
$-2.5M
$-5.9M
Gross Margin
100.0%
9.2%
Operating Margin
-3853.3%
-275.3%
Net Margin
-4128.4%
-284.8%
Revenue YoY
20.2%
Net Profit YoY
57.4%
EPS (diluted)
$-0.06
$-3.51

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
PONY
PONY
Q3 25
$60.1K
$2.1M
Q2 25
$5.0K
$1.7M
Q1 25
$10.0K
$1.9M
Q4 24
$0
Q3 24
$50.0K
Q2 24
$0
Q1 24
$49.8K
Net Profit
BNAI
BNAI
PONY
PONY
Q3 25
$-2.5M
$-5.9M
Q2 25
$905.1K
$-4.3M
Q1 25
$-3.6M
$-5.2M
Q4 24
Q3 24
$-5.8M
Q2 24
$-3.0M
Q1 24
$-6.9M
Gross Margin
BNAI
BNAI
PONY
PONY
Q3 25
100.0%
9.2%
Q2 25
100.0%
Q1 25
100.0%
16.6%
Q4 24
Q3 24
100.0%
Q2 24
Q1 24
100.0%
Operating Margin
BNAI
BNAI
PONY
PONY
Q3 25
-3853.3%
-275.3%
Q2 25
-56506.2%
-303.4%
Q1 25
-41540.9%
-400.9%
Q4 24
Q3 24
-10559.0%
Q2 24
Q1 24
-13654.9%
Net Margin
BNAI
BNAI
PONY
PONY
Q3 25
-4128.4%
-284.8%
Q2 25
18101.6%
-253.7%
Q1 25
-36102.3%
-267.4%
Q4 24
Q3 24
-11646.2%
Q2 24
Q1 24
-13826.9%
EPS (diluted)
BNAI
BNAI
PONY
PONY
Q3 25
$-0.06
$-3.51
Q2 25
$0.02
$-0.92
Q1 25
$-0.09
$-0.12
Q4 24
Q3 24
$-0.16
Q2 24
$-0.09
Q1 24
$-0.27

Balance Sheet & Financial Strength

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

Metric
BNAI
BNAI
PONY
PONY
Cash + ST InvestmentsLiquidity on hand
$102.7K
$62.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.5M
$114.1M
Total Assets
$16.4M
$126.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNAI
BNAI
PONY
PONY
Q3 25
$102.7K
$62.5M
Q2 25
$20.4K
$84.9M
Q1 25
$236.2K
$86.8M
Q4 24
$149.3K
Q3 24
$72.9K
Q2 24
$1.4M
Q1 24
$3.3M
Stockholders' Equity
BNAI
BNAI
PONY
PONY
Q3 25
$3.5M
$114.1M
Q2 25
$5.7M
$120.6M
Q1 25
$3.3M
$126.4M
Q4 24
$2.6M
Q3 24
$17.8M
Q2 24
$20.6M
Q1 24
$20.6M
Total Assets
BNAI
BNAI
PONY
PONY
Q3 25
$16.4M
$126.5M
Q2 25
$17.0M
$138.3M
Q1 25
$17.9M
$134.0M
Q4 24
$18.1M
Q3 24
$31.9M
Q2 24
$34.1M
Q1 24
$36.9M

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
PONY
PONY
Operating Cash FlowLast quarter
$-107.3K
$-2.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNAI
BNAI
PONY
PONY
Q3 25
$-107.3K
$-2.9M
Q2 25
$-2.6M
$-2.5M
Q1 25
$-2.6M
$-7.5M
Q4 24
$-14.0M
Q3 24
$-3.1M
Q2 24
$-4.1M
Q1 24
$-4.5M
Free Cash Flow
BNAI
BNAI
PONY
PONY
Q3 25
Q2 25
Q1 25
Q4 24
$-14.1M
Q3 24
$-3.1M
Q2 24
$-4.1M
Q1 24
$-4.6M
FCF Margin
BNAI
BNAI
PONY
PONY
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-6159.9%
Q2 24
Q1 24
-9164.4%
Capex Intensity
BNAI
BNAI
PONY
PONY
Q3 25
Q2 25
Q1 25
0.0%
Q4 24
Q3 24
53.4%
Q2 24
Q1 24
26.2%
Cash Conversion
BNAI
BNAI
PONY
PONY
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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