Company Analysis

Brenmiller Energy Ltd (BNRG)

Nasdaq: BNRG · Heating Equipment, Except Electric & Warm Air Furnaces · Rosh Haayin, IL · filing with the SEC since 2022
Grade2.7
◀ Past 3.3● Present 2.1▶ Future 2.9
2 est.

The grade of Brenmiller Energy Ltd

Nine metrics read from its own filings, by tense
Headline grade
2.7/10
◀ Past3.330% of the headline
● Present2.140% of the headline
▶ Future2.930% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.3/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
8.4/10

Has it survived what it has been through?

No warning events in its filings since 2022.

weight 33% of this tense · 84th percentile among 37 sector filers · read for itself

From the record

Brenmiller Energy Ltd's filings since 2022 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
1.0/10

What has it actually done, year after year?

-0.5% a year over 4 filed years; profitable in 0 of 5.

weight 45% of this tense · 10th percentile among 34 sector filers · read for its customers

From the record

Brenmiller Energy Ltd's 4 filed years say what it did: revenue went from $395 thousand in fiscal 2021 to $387 thousand in fiscal 2025, down 0.5% a year; it rose in 1 of 3 years; the deepest fall was 75% from fiscal 2022 to fiscal 2025; net income was positive in 0 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-0.5%bottom 23% of its family
  • the share of years revenue rosebottom 12% of its family
  • the share of filed years with a profitbottom 4% of its family
  • the deepest fall from a revenue peak74.5%bottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
0.1/10

How has it treated the people who own it?

SI estimate 0.1/10, confidence 35 of 100 (one part).

weight 22% of this tense · 2nd percentile among 34 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 2% of 34 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 34 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Brenmiller Energy Ltd's shareholder treatment is put at 0.1 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 2% of 34 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

2.1/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
1.0/10

Is it financially healthy right now?

ROE -398%: lost 398¢ per shareholder dollar. Leverage 72%: owes 72¢ per asset dollar.

weight 45% of this tense · 10th percentile among 34 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Brenmiller Energy Ltd lost about 398 cents for every dollar of shareholders' money, and gross profitability: its products earned less than nothing, about minus 26 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 72 cents per dollar of assets, and net share issuance: its share count grew 173.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 35% of its family
  • return on equitybottom 2% of its family
  • gross profit against assetsbottom 2% of its family
  • the share count against the year beforebottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
1.9/10

How strong is its position in its industry?

bottom 19% of 35 in its family; net margin -3593%.

weight 33% of this tense · 19th percentile among 35 sector filers · read for its customers

From the record

Brenmiller Energy Ltd's standing among 35 graded names in its industry family: revenue of $387 thousand in fiscal 2025 ranks in the bottom 4% by size; a net margin of -3593% ranks in the bottom 4%; revenue growth of -0.5% a year over the last 3 filed years ranks in the bottom 49% (its annual reports).

What it rests on

  • revenue against the family$387,000bottom 4% of its family
  • net margin-3593.0%bottom 4% of its family
  • three-year revenue growth-0.5%bottom 49% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
4.9/10

What are the people in charge doing?

SI estimate 4.9/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 28 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 28 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 28 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Brenmiller Energy Ltd's leadership is put at 4.9 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 28 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

2.9/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.5/10

How much room does it have to grow?

bottom 35% of 32 in its family for room to expand.

weight 45% of this tense · 35th percentile among 32 sector filers · read for itself

From the record

Brenmiller Energy Ltd's room to grow, from the newest filed statements (fiscal 2025): cash of $5 million against debt of $5 million leaves -1.8% of its assets as net cash, bottom 41% of its family; cash from operations less capital spending is -2690.4% of revenue (bottom 2%); a gross margin of -829.2% (bottom 2%); research spending of 1023.3% of revenue (top 3%) (its annual report).

What it rests on

  • cash less debt against assets-1.8%bottom 41% of its family
  • cash from operations less capital spending against revenue-2690.4%bottom 2% of its family
  • gross margin-829.2%bottom 2% of its family
  • research spending against revenue1023.3%top 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.0/10

What could actually drive growth from here?

bottom 29% of 34 in its family for growth drivers.

weight 33% of this tense · 29th percentile among 34 sector filers · read for its customers

From the record

Brenmiller Energy Ltd's growth drivers, from the filed years to fiscal 2025: revenue grew -0.5% a year over the last three filed years against -0.5% over all 4, speeding up (top 23% of its family); the newest year grew -21% (bottom 1%); research spending grew -5.5% a year (bottom 19%); capital spending grew -30.7% a year (bottom 20%) (its annual reports). Brenmiller Energy Ltd tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 23% of its family
  • the newest year's revenue growth-21.0%bottom 1% of its family
  • three-year growth of research spending-5.5%bottom 19% of its family
  • three-year growth of capital spending-30.7%bottom 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
1.4/10

Did its newest year beat what its own record pointed to?

bottom 14% of 34 in its family for expectations against reality.

weight 22% of this tense · 14th percentile among 34 sector filers · read for its shareholders

From the record

Brenmiller Energy Ltd's newest year against its own record: revenue of $387 thousand in fiscal 2025 came in 50.3% below the $779 thousand its prior three years' pace pointed to (bottom 4% of its family); net income of $14 million against a prior three-year average of $11 million (bottom 37%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 1%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-50.3%bottom 4% of its family
  • net income against the prior three years' average-31%bottom 37% of its family
  • net margin against its prior averagedown more than 100 pointsbottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton BNRG · research, not advice