Overview
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- TickerBRNX on Nasdaq1
- IndustryHeating Equipment, Except Electric & Warm Air Furnaces1
- HeadquartersL31
- Incorporated inIsrael3
- Business address13 Amal Street, Rosh Haayin3
- Filer categoryNon-accelerated filer, Emerging growth company3
- Legal formCorporation
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SEC as frequently or as promptly as U.S. domestic companies registered under the Exchange Act.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue48¢$3.6M
- Research and development52¢$4.0M
Out of $387.0K in revenue.2 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| REVENUES | $387.0K | $621.0K | |
| COST OF REVENUES | -$3.6M | -$985.0K | -$1.6M |
| RESEARCH AND DEVELOPMENT, NET | -$4.0M | -$3.6M | -$3.2M |
| SELLING AND MARKETING | -$1.2M | -$1.2M | -$1.1M |
| GENERAL AND ADMINISTRATIVE | -$4.3M | -$4.6M | -$4.6M |
| OTHER INCOME (EXPENSES), NET | $1.0K | -$234.0K | $37.0K |
| OPERATING LOSS | -$12.7M | -$10.6M | -$9.9M |
| INTEREST EXPENSES | -$374.0K | -$244.0K | -$100.0K |
| OTHER FINANCIAL INCOME )EXPENSES(, NET | -$670.0K | $4.0M | $312.0K |
| FINANCIAL INCOME (EXPENSES), NET | -$1.0M | $3.8M | $212.0K |
| SHARE IN EQUITY LOSS OF JOINT VENTURE | -$123.0K | ||
| NET LOSS | -$13.9M | -$6.8M | -$9.6M |
| NET LOSS ATTRIBUTABLE TO ORDINARY SHAREHOLDERS | -$23.4M | -$6.8M | -$9.7M |
| BASIC LOSS ATTRIBUTIBLE TO ORDINARY SHAREHOLDERS | -$57.14 | -$45.27 | -$174.63 |
| DILUTED LOSS ATTRIBUTIBLE TO ORDINARY SHAREHOLDERS | -$57.14 | -$45.27 | -$174.63 |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF BASIC LOSS PER SHARE (in Shares) | 408.8K shares | 149.6K shares | 55.8K shares |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF DILUTED LOSS PER SHARE (in Shares) | 408.8K shares | 149.6K shares | 55.8K shares |
| OTHER COMPREHENSIVE LOSS - EXCHANGE DIFFERENCES ON TRANSLATION TO PRESENTATION CURRENECY | -$476.0K | ||
| COMPREHENSIVE LOSS | -$13.9M | -$6.8M | -$10.1M |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $4.9M | $4.1M | $3.2M | |
| Restricted deposits | $36.0K | $29.0K | ||
| Prepaid expenses and other receivables | $436.0K | $604.0K | ||
| Inventory | $1.6M | $1.6M | ||
| TOTAL CURRENT ASSETS | $7.0M | $6.3M | ||
| Restricted deposits | $98.0K | $86.0K | ||
| Operating lease right-of-use assets, net | $901.0K | $560.0K | ||
| Property, plant and equipment, net | $4.4M | $4.9M | ||
| Investment in joint venture | $177.0K | $74.0K | ||
| TOTAL NON-CURRENT ASSETS | $5.5M | $5.6M | ||
| TOTAL ASSETS | $12.5M | $11.9M | ||
| Trade payables | $133.0K | $276.0K | ||
| Deferred revenue | $667.0K | $387.0K | ||
| Other payables | $2.4M | $1.6M | ||
| Current maturities of European Investment Bank (EIB) Loan | $1.5M | |||
| Current maturities of operating lease liabilities | $542.0K | $501.0K | ||
| TOTAL CURRENT LIABILITIES | $5.2M | $2.8M | ||
| European Investment Bank (EIB) Loan | $3.4M | $4.3M | ||
| Share based payment liability | $300.0K | |||
| Warrants liability | $10.0K | |||
| Operating lease liabilities | $382.0K | $19.0K | ||
| TOTAL NON-CURRENT LIABILITIES | $3.8M | $4.6M | ||
| TOTAL LIABILITIES | $9.0M | $7.4M | ||
| Ordinary Shares, no par value - Authorized 150,000,000 and 15,000,000 as of December 31, 2025 and December 31, 2024, respectively ; Issued and outstanding 715,852 and 231,280 as of December 31, 2025 December 31, 2024, respectively | $124.0K | $124.0K | ||
| Additional paid in capital | $121.5M | $108.6M | ||
| Foreign currency cumulative translation reserve | -$2.1M | -$2.1M | ||
| Accumulated deficit | -$116.1M | -$102.2M | ||
| TOTAL SHAREHOLDERS EQUITY | $3.5M | $4.5M | $2.9M | $4.6M |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $12.5M | $11.9M | ||
| Ordinary shares, shares authorized | 150.0M shares | 15.0M shares | ||
| Ordinary shares, shares issued | 715.9K shares | 231.3K shares | ||
| Ordinary shares, shares outstanding | 715.9K shares | 231.3K shares | ||
| Preferred Shares, shares authorized | 25.0K shares | 0 shares | ||
| Preferred Shares, shares issued | 5.0K shares | 0 shares | ||
| Preferred Shares, shares outstanding | 5.0K shares | 0 shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $4.9M | $4.1M | $3.2M | |
| Restricted deposits | $36.0K | $29.0K | ||
| Prepaid expenses and other receivables | $436.0K | $604.0K | ||
| Inventory | $1.6M | $1.6M | ||
| TOTAL CURRENT ASSETS | $7.0M | $6.3M | ||
| Restricted deposits | $98.0K | $86.0K | ||
| Operating lease right-of-use assets, net | $901.0K | $560.0K | ||
| Property, plant and equipment, net | $4.4M | $4.9M | ||
| Investment in joint venture | $177.0K | $74.0K | ||
| TOTAL NON-CURRENT ASSETS | $5.5M | $5.6M | ||
| TOTAL ASSETS | $12.5M | $11.9M | ||
| Trade payables | $133.0K | $276.0K | ||
| Deferred revenue | $667.0K | $387.0K | ||
| Other payables | $2.4M | $1.6M | ||
| Current maturities of European Investment Bank (EIB) Loan | $1.5M | |||
| Current maturities of operating lease liabilities | $542.0K | $501.0K | ||
| TOTAL CURRENT LIABILITIES | $5.2M | $2.8M | ||
| European Investment Bank (EIB) Loan | $3.4M | $4.3M | ||
| Share based payment liability | $300.0K | |||
| Warrants liability | $10.0K | |||
| Operating lease liabilities | $382.0K | $19.0K | ||
| TOTAL NON-CURRENT LIABILITIES | $3.8M | $4.6M | ||
| TOTAL LIABILITIES | $9.0M | $7.4M | ||
| Ordinary Shares, no par value - Authorized 150,000,000 and 15,000,000 as of December 31, 2025 and December 31, 2024, respectively ; Issued and outstanding 715,852 and 231,280 as of December 31, 2025 December 31, 2024, respectively | $124.0K | $124.0K | ||
| Additional paid in capital | $121.5M | $108.6M | ||
| Foreign currency cumulative translation reserve | -$2.1M | -$2.1M | ||
| Accumulated deficit | -$116.1M | -$102.2M | ||
| TOTAL SHAREHOLDERS EQUITY | $3.5M | $4.5M | $2.9M | $4.6M |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $12.5M | $11.9M | ||
| Ordinary shares, shares authorized | 150.0M shares | 15.0M shares | ||
| Ordinary shares, shares issued | 715.9K shares | 231.3K shares | ||
| Ordinary shares, shares outstanding | 715.9K shares | 231.3K shares | ||
| Preferred Shares, shares authorized | 25.0K shares | 0 shares | ||
| Preferred Shares, shares issued | 5.0K shares | 0 shares | ||
| Preferred Shares, shares outstanding | 5.0K shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net Loss, as above | -$13.9M | -$6.8M | -$9.6M |
| Depreciation (Note 7) | $561.0K | $228.0K | $120.0K |
| Non-cash interest and exchange rate differences, net | $567.0K | -$101.0K | -$94.0K |
| Fair value adjustment of warrants liability | -$10.0K | -$4.1M | |
| Share in equity loss of joint venture | $123.0K | ||
| Warrants issuance costs | $473.0K | ||
| Share-based compensation (Note 11D) | $1.2M | $1.4M | $1.8M |
| Other | $237.0K | -$35.0K | |
| Decrease in prepaid expenses and receivables | $168.0K | $141.0K | $456.0K |
| Decrease (increase) in inventory | -$13.0K | -$961.0K | $295.0K |
| Increase (decrease) in trade payables | -$9.0K | -$206.0K | $81.0K |
| Increase in other payables and deferred revenue | $912.0K | $178.0K | $122.0K |
| Net cash used in operating activities | -$10.4M | -$9.5M | -$6.9M |
| Purchase of equipment | -$13.0K | -$37.0K | -$33.0K |
| Sale of equipment | $43.0K | ||
| Investment in joint venture | -$226.0K | -$78.0K | |
| Installation of a production facility | -$204.0K | -$306.0K | -$2.6M |
| Participation of Israeli Innovation Authority in production facility investment | $57.0K | ||
| Restricted deposit funded | -$12.0K | -$1.0K | |
| Other | $2.0K | ||
| Net cash used in investing activities | -$398.0K | -$422.0K | -$2.6M |
| Proceeds from issuance of ordinary shares, preferred shares, warrants and prefunded warrants | $12.1M | $8.7M | $6.4M |
| Proceeds from issuance of warrants liability | $3.2M | ||
| Fund raising and issuance costs | -$683.0K | -$939.0K | -$176.0K |
| Grants recognized as liability for royalties | $94.0K | ||
| Exercise of options, prefunded warrants and warrants | $3.0K | $104.0K | |
| Net cash provided by financing activities | $11.5M | $10.9M | $6.4M |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS | $703.0K | $1.0M | -$3.2M |
| EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITTS | $112.0K | -$97.0K | -$156.0K |
| Recognition of operating lease liability and right-of-use asset | $912.0K | $22.0K | $199.0K |
| Borrowing costs capitalized | $53.0K | $175.0K | |
| Reclassification of share options and warrants from liabilities to equity | $706.0K | $516.0K | |
| Suppliers credit for the acquisition of equipment | $161.0K | ||
| Conversion of unpaid salary to Ordinary Shares and warrants | $228.0K | ||
| Deemed Dividend For Down-round Adjustments | $9.4M | $92.0K | |
| Reclassification of warrants from equity to liabilities | $1.6M | ||
| Interest (net of amounts capitalized) | $236.0K | $183.0K | $113.0K |
No quarter-by-quarter statement was filed.
Corporate structure
BRENX LTD. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of BRENX LTD.
- Avraham Brenmiller Filed SCHEDULE 13D/A on BRENX LTD., latest Oct 21, 2025 (5 filings since Jul 7, 2022)
- ALPHA CAPITAL ANSTALT Filed SCHEDULE 13G/A on BRENX LTD., latest Sep 30, 2025 (10 filings since May 25, 2022)
- A.Y.L SELA 1991 LTD Filed SCHEDULE 13G on BRENX LTD., latest Jun 25, 2025
- Snowdrop Holding SA Filed SC 13G/A on BRENX LTD., latest Oct 8, 2024 (2 filings since Jul 5, 2023)
- L.I.A. Pure Capital Ltd Filed SC 13G on BRENX LTD., latest Jun 24, 2024
- Y.d. More Investments Ltd Filed SC 13G/A on BRENX LTD., latest Feb 6, 2024 (2 filings since Jun 21, 2022)
- Migdal Insurance & Financial Holdings Ltd. Filed SC 13G on BRENX LTD., latest Jan 31, 2024 (2 filings since Jan 26, 2023)
- Rani Zim Filed SC 13G on BRENX LTD., latest Jan 29, 2024 (2 filings since Feb 15, 2023)
- BRENX LTD. L3
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What BRENX LTD. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $6.4M2 Dec 31, 2025 | $6.4M2 Dec 31, 2024 | +0.4% |
| Property and equipment, net | $4.4M2 Dec 31, 2025 | $4.9M2 Dec 31, 2024 | −10.9% |
| Operating-lease assets (leased space) | $901.0K2 Dec 31, 2025 | $560.0K2 Dec 31, 2024 | +60.9% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $4.9M2 Dec 31, 2025 | $4.1M2 Dec 31, 2024 | +19.7% |
| Stakes in other companies (equity method) | $1.0M2 Sep 29, 2025 |
Inventory
Leadership
Who has led BRENX LTD., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerAvraham Brenmiller Mar 18, 2026 to now8
- Chief executive officerNir Brenmiller Mar 18, 2026 to now9
- Chief financial officerOfir Zimmerman Mar 18, 2026 to now10
Board members and other officers (7)
- Chief Operations OfficerAvi Sasson Mar 18, 2026 to now11
- Chief Business OfficerDoron Brenmiller Mar 18, 2026 to now12
- Board memberBoaz Toshav Mar 18, 2026 to now13
- Board memberHarel Gadot Mar 18, 2026 to now14
- Board memberMichael Korner Mar 18, 2026 to now15
- Board memberYosef Orna Ben Mar 18, 2026 to now16
- Board memberZvi Joseph Mar 18, 2026 to now17
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
- Brenmiller Energy Ltd.Jan 19, 2022 to Aug 7, 20263
Timeline
Filings
303 filings to the SEC since October 2021: 4 annual reports, 10 insider forms, 25 large holders, 1 private raises, 263 other. The latest 20:
- Oct 14, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Oct 14, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
- Oct 2, 2026EFFECT EDGAR
- Sep 25, 2026F-3 REGISTRATION STATEMENT EDGAR
- Sep 17, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Sep 15, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Sep 9, 2026EFFECT EDGAR
- Sep 9, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 31, 2026F-3 REGISTRATION STATEMENT EDGAR
- Aug 28, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 19, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 13, 2026S-8 REGISTRATION STATEMENT EDGAR
- Aug 13, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 13, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 7, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 30, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 29, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 27, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 24, 2026EFFECT EDGAR
- Jul 24, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
The 303 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Avraham BrenmillerSCHEDULE 13D/A, 5 filings Jul 7, 2022 to Oct 21, 202519
- ALPHA CAPITAL ANSTALTSCHEDULE 13G/A, 10 filings May 25, 2022 to Sep 30, 202520
- A.Y.L SELA 1991 LTDSCHEDULE 13G, 1 filing Jun 25, 202521
- Snowdrop Holding SASC 13G/A, 2 filings Jul 5, 2023 to Oct 8, 202422
- L.I.A. Pure Capital LtdSC 13G, 1 filing Jun 24, 202423
- Y.d. More Investments LtdSC 13G/A, 2 filings Jun 21, 2022 to Feb 6, 202424
- Migdal Insurance & Financial Holdings Ltd.SC 13G, 2 filings Jan 26, 2023 to Jan 31, 202425
- Rani ZimSC 13G, 2 filings Feb 15, 2023 to Jan 29, 202426
Money raised
Private offerings the company reported to the SEC on Form D.
- Jul 28, 2025Raised $1.4 million in a private offering of equity Form D: $25 million offered in all Form D
SEC filer profile
How BRENX LTD. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBRENX LTD.1
- CIK0001901215
- Filer statusNon-accelerated filer an emerging growth company; not a shell company4
- Incorporated inIsrael4
- Fiscal year endsDecember 311
- Industry code (SIC)3433 Heating Equipment, Except Electric & Warm Air Furnaces1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address13 Amal Street, Rosh Haayin, Israel1
- Phone9727769351401
- Shares outstanding715,852 shares as of Dec 31, 20254
- AuditorKesselman & Kesselman, Israel PCAOB ID 1309; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJan 19, 20221
- Filings303 in all: 6-K (143), CORRESP (32), EFFECT (20), UPLOAD (16), F-3 (14), 3 (10), SC 13G (8), SCHEDULE 13D/A (7)1
All 29 form types
S-8 (5), 20-F (4), DRSLTR (4), F-1/A (4), POS AM (4), 144 (3), 424B5 (3), DRS (3), F-1 (3), SC 13D/A (3), 424B3 (2), 424B4 (2), DRS/A (2), SC 13D (2), SC 13G/A (2), SCHEDULE 13G (2), 8-A12B (1), CERT (1), D (1), F-3/A (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (20-F) Mar 25, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary Shares, no par value per share | BNRG | Nasdaq |
From the cover page of the 20-F filed Mar 25, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARBRENX LTD. filings on SEC EDGAR
- 2SEC EDGARBRENX LTD. 10-K for fiscal 2025
- 3SEC EDGARBRENX LTD. filings on SEC EDGAR
- 4
- 5SEC EDGARBRENX LTD. 10-K for fiscal 2021
- 6SEC EDGARBRENX LTD. 10-K for fiscal 2022
- 7SEC EDGARBRENX LTD. 10-K for fiscal 2020
- 8
- 9
- 10
- 11SEC EDGARAvi Sasson, Chief Operations Officer
- 12
- 13SEC EDGARBoaz Toshav, Board member
- 14SEC EDGARHarel Gadot, Board member
- 15SEC EDGARMichael Korner, Board member
- 16SEC EDGARYosef Orna Ben, Board member
- 17SEC EDGARZvi Joseph, Board member
- 18SEC EDGARBRENX LTD. Form D naming Rami Ezer
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26SEC EDGARRani Zim SC 13G on BRENX LTD.