BNRG

MKT CAP:$249386

Brenmiller Energy Ltd

Market Cap

$249386

Utilities·Renewable Utilities·🇮🇱 Israel·NASDAQ

Utilities·Renewable·🇮🇱·NASDAQ

Stock Price

$3.36+$0.01 (+0.30%)

Apr 23, 2026

Company Details

Brenmiller Energy Ltd. engages in development, production, marketing, and sale of thermal energy storage systems based on technology that enables heat storage at high temperatures in crushed volcanic rock. Its TES system dispatches thermal ...

CEO

Avraham Brenmiller

IPO Date

May 25, 2022

Website

www.bren-energy.com

Key Metrics TTM

Revenue

$387.0K

-33.3% YoY

Net Income

-$13M

EPS (Diluted)

-$31.78

Free Cash Flow

-$11M

Revenue / Share

$1.38

Gross Margin

-528.4%

Operating Margin

-3038.5%

Net Margin

-3267.4%

FCF Margin

-2868.5%

P/S

0.6x

P/E

—

Earnings Reports

Q2 2025

Sep 30, 2025

$193.5KEPS -$13.30

Q1 2025

Mar 31, 2025

$193.5KEPS -$13.30

FY 2024

Mar 4, 2025

$0-100.0%EPS -$9.03

Q4 2024

Mar 4, 2025

$0EPS -$2.59

Q3 2024

Sep 30, 2024

$0EPS -$2.59

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$0	-$2M	-$4M
Q2 21	$285.0K	-$140.0K	-$2M
Q3 21	$45.0K	-$754.0K	-$2M
Q4 21	$65.0K	-$598.0K	-$3M
Q1 22	$20.0K	-$480.0K	-$3M
Q2 22	$2M	$1M	-$2M
Q3 22	$0	-$356.0K	-$3M
Q4 22	$0	-$696.0K	-$4M
Q1 23	$0	-$330.0K	-$2M
Q2 23	$580.0K	-$222.0K	-$3M
Q1 24	$0	-$204.0K	-$3M
Q2 24	$0	-$204.0K	-$3M
Q3 24	$0	-$288.5K	-$3M
Q4 24	$0	-$288.5K	-$3M
Q1 25	$193.5K	-$734.0K	-$3M
Q2 25	$193.5K	-$734.0K	-$3M

Valuation

Quarter	P/S	P/E
Q1 21	—	—
Q2 21	51716.5x	—
Q3 21	44664.2x	—
Q4 21	37314.4x	—
Q1 22	35516.1x	—
Q2 22	10325.1x	—
Q3 22	12694.0x	—
Q4 22	6171.7x	—
Q1 23	4095.7x	—
Q2 23	1157.0x	—
Q1 24	425.8x	—
Q2 24	378.0x	—
Q3 24	340.2x	—
Q4 24	—	—
Q1 25	440.8x	—
Q2 25	88.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	-$2M	-$2M
Q2 21	-$2M	-$2M
Q3 21	-$2M	-$2M
Q4 21	-$2M	-$2M
Q1 22	-$3M	-$3M
Q2 22	-$2M	-$2M
Q3 22	-$3M	-$3M
Q4 22	-$2M	-$3M
Q1 23	$0	$0
Q2 23	$0	$0
Q1 24	-$2M	-$2M
Q2 24	-$2M	-$2M
Q3 24	-$3M	-$3M
Q4 24	-$3M	-$3M
Q1 25	-$3M	-$3M
Q2 25	-$3M	-$3M

Capital Expenditures

Quarter	CapEx
Q1 21	$70.0K
Q2 21	$52.0K
Q3 21	$85.0K
Q4 21	$33.0K
Q1 22	$18.0K
Q2 22	$120.0K
Q3 22	$246.0K
Q4 22	$1M
Q1 23	$0
Q2 23	$0
Q1 24	$125.5K
Q2 24	$125.5K
Q3 24	$46.0K
Q4 24	$46.0K
Q1 25	$50.0K
Q2 25	$50.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	—	+324.1%
Q2 21	—	+157.5%
Q3 21	—	+8.2%
Q4 21	—	+27.9%
Q1 22	—	-14.6%
Q2 22	+426.3%	+30.3%
Q3 22	-100.0%	+9.6%
Q4 22	-100.0%	+43.7%
Q1 23	-100.0%	-31.1%
Q2 23	-61.3%	+19.5%
Q1 24	—	+3.7%
Q2 24	—	-37.1%
Q3 24	—	+16.8%
Q4 24	-100.0%	-29.0%
Q1 25	—	+29.5%
Q2 25	—	+29.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$55.0K	—
Q2 21	$69.0K	24.2%
Q3 21	$72.0K	160.0%
Q4 21	$311.0K	478.5%
Q1 22	$261.0K	1305.0%
Q2 22	$467.0K	31.1%
Q3 22	$446.0K	—
Q4 22	$369.0K	—
Q1 23	$0	—
Q2 23	$1M	242.9%
Q1 24	$457.5K	—
Q2 24	$457.5K	—
Q3 24	$235.0K	—
Q4 24	$235.0K	—
Q1 25	$0	0.0%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 21	$861.0K	$560.0K	$192.0K
Q2 21	$1M	$427.0K	$163.0K
Q3 21	$814.0K	$583.0K	$167.0K
Q4 21	$988.0K	$1M	—
Q1 22	$1M	$1M	$300.0K
Q2 22	$1M	$1M	$312.0K
Q3 22	$999.0K	$957.0K	$291.0K
Q4 22	$1M	$2M	—
Q1 23	$600.0K	$1M	$263.0K
Q2 23	$1M	$1M	$420.0K
Q1 24	$904.0K	$1M	$308.0K
Q2 24	$904.0K	$1M	$308.0K
Q3 24	$890.5K	$1M	$290.5K
Q4 24	$890.5K	$1M	$290.5K
Q1 25	$1M	$1M	$312.0K
Q2 25	$1M	$1M	$312.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$8M	$0	$8M
Q1 22	$5M	$0	$5M
Q2 22	$9M	$0	$9M
Q3 22	$9M	$0	$9M
Q4 22	$6M	$0	$6M
Q1 23	$6M	$0	$6M
Q2 23	$6M	$0	$6M
Q3 23	$3M	$0	$3M
Q4 23	$3M	$0	$3M
Q1 24	$7M	$0	$7M
Q2 24	$7M	$0	$7M
Q3 24	$4M	$0	$4M
Q4 24	$4M	$0	$4M
Q1 25	$2M	$0	$2M
Q2 25	$2M	$0	$2M
Q4 25	$4M	$0	$4M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	2M	+1345.7%	+1372.7%
Q2 21	171K	-89.7%	+51.9%
Q3 21	2M	+947.6%	+1462.0%
Q4 21	168K	-90.6%	+46.3%
Q1 22	2M	+1083.0%	+19.7%
Q2 22	2M	+7.5%	+1148.2%
Q3 22	2M	+3.1%	+22.8%
Q4 22	2M	-1.1%	+1197.0%
Q1 23	2M	+10.7%	+21.4%
Q2 23	3M	+5.2%	+18.7%
Q1 24	501K	-80.2%	-77.2%
Q2 24	501K	0.0%	-76.9%
Q3 24	994K	+98.3%	-58.7%
Q4 24	994K	0.0%	-60.7%
Q1 25	281K	-71.8%	-44.0%
Q2 25	281K	0.0%	-44.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	—	—
Q2 21	—	—
Q3 21	—	—
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	$0	79
Q1 23	$0	79
Q2 23	$7.3K	79
Q1 24	$0	69
Q2 24	$0	69
Q3 24	$0	69
Q4 24	$0	60
Q1 25	$3.2K	60
Q2 25	$3.2K	60

Revenue / Employee