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BNZI

Banzai International, Inc.

BNZI

Banzai International, Inc. • NASDAQ
$1.39 ▲ 3.73% (+0.05)
Market Cap $4.81 M
52w High $27.00
52w Low $1.09
Dividend Yield 0%
P/E -0.02
Volume 235.48K
Outstanding Shares 3.46M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.845M ▼ $6.461B ▲ $-5.888B ▼ -206.981K% ▼ $-1.64 ▲ $-4.929B ▼
Q2-2025 $3.262M ▼ $7.413M ▼ $-7.794M ▼ -238.907% ▼ $-40.8 ▼ $-7.182M ▼
Q1-2025 $3.379M ▲ $7.433M ▲ $-3.643M ▲ -107.81% ▲ $-1.52 ▼ $-2.959M ▲
Q4-2024 $1.3M ▲ $4.848M ▲ $-7.854M ▲ -604.154% ▲ $18.55 ▲ $-7.166M ▲
Q3-2024 $1.081M $3.514M $-15.414M -1.426K% $-48.73 $-14.318M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $851.356M ▲ $32.987B ▲ $27.546B ▲ $5.44B ▲
Q2-2025 $2.254M ▲ $34.676M ▲ $31.517M ▲ $3.158M ▲
Q1-2025 $780.764K ▼ $33.68M ▲ $30.735M ▲ $2.945M ▲
Q4-2024 $1.087M ▼ $25.674M ▲ $28.438M ▼ $-2.764M ▲
Q3-2024 $4.264M $7.312M $30.158M $-22.846M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-5.888M ▲ $-4.394M ▼ $0 $3.062M ▼ $-1.403M ▼ $-4.394M ▼
Q2-2025 $-7.794M ▼ $-4.047M ▲ $0 ▲ $5.52M ▼ $1.473M ▲ $-4.047M ▲
Q1-2025 $-3.643M ▲ $-4.976M ▼ $-2.677M ▼ $7.346M ▲ $-306.733K ▲ $-4.976M ▼
Q4-2024 $-7.854M ▲ $-4.212M ▼ $82.219K ▲ $954.11K ▼ $-3.176M ▼ $-4.212M ▼
Q3-2024 $-15.414M $-1.55M $0 $5.342M $3.792M $-1.55M

Five-Year Company Overview

Income Statement

Income Statement Banzai looks very early-stage from an income perspective. Reported revenue over the past five years has been minimal, with no clear pattern of growth yet. The company has consistently lost money at the operating and net income levels, which is typical for a small software business still building its platform but means it is firmly unprofitable. Profit margins are negative because fixed costs (people, product, and overhead) are far higher than the tiny revenue base. Earnings per share figures jump around sharply, largely reflecting reverse stock splits and capital structure changes rather than real swings in the underlying business performance. Overall, this is a company still in the “build and invest” phase rather than the “scale and harvest” phase of its income statement.

Balance Sheet

Balance Sheet The balance sheet is very thin. Total assets are small, and reported cash is effectively negligible in the most recent years, which limits financial cushion. Debt exists, but at modest absolute levels; however, because the company itself is small, even modest borrowings matter. Equity has fluctuated and recently sat near zero, after dipping negative in a prior year, which suggests past accumulated losses and recapitalization. In practical terms, Banzai does not have a large buffer to absorb shocks or fund large initiatives from its own balance sheet. Its financial position depends heavily on continued access to outside capital and disciplined cost control.

Cash Flow

Cash Flow Cash flow from operations has been consistently negative or at best breakeven, matching the income statement losses. Free cash flow is also negative, though the business is not spending much on physical capital, which is expected for a software company. The main cash drain is ongoing operating costs rather than heavy investment in equipment. This means the company is not currently self-funding; it relies on external financing or corporate actions to cover its cash needs. Any tightening in funding access or delays in revenue scaling would quickly show up in cash flow pressures, so liquidity management is a key underlying risk.

Competitive Edge

Competitive Edge Commercially, Banzai sits in the crowded marketing technology space, but it is trying to stand out through an integrated, AI-enabled engagement platform aimed mainly at mid-sized businesses. Its portfolio spans webinars (Demio), remote video creation (OpenReel), outreach and audience acquisition (Reach), and additional video and engagement tools. This breadth gives Banzai cross-selling potential and a chance to become a “one-stop” solution rather than a point tool. Its use of AI assistants, AI phone agents, and a large proprietary contact database are meaningful differentiators on paper. However, the company is competing against much larger, better-funded rivals in webinars, video, and marketing automation. Its moat is still emerging and heavily depends on execution: how well it integrates acquisitions, keeps its product easy to use, delivers measurable results to customers, and maintains pricing and support attractive to the mid-market niche.

Innovation and R&D

Innovation and R&D Innovation is the clear strength of the story. Banzai is leaning heavily into AI to automate and personalize marketing: AI webinar moderators that handle questions without a live host, AI-powered calling agents for outreach, and AI-assisted video editing to simplify content creation. Instead of building everything organically, Banzai has been using acquisitions like Demio and OpenReel as a form of accelerated R&D, then working to knit them into a unified platform with deep connections to major CRM systems. This strategy can speed innovation but also introduces integration and focus risk, especially for a small company with limited resources. The halted Act-On acquisition and ongoing interest in other AI-driven tools show an ambition to broaden the platform further, but funding capacity and the ability to fully integrate what it buys will likely constrain how fast it can innovate in practice.

Summary

Overall, Banzai comes across as a very small, high-risk, high-ambition marketing technology company. Financially, it has almost no revenue scale yet, persistent losses, thin assets, and limited cash, which together point to dependence on outside capital and careful cost management. Strategically, it is pursuing a clear vision: an integrated, AI-first engagement platform serving marketers who want simple, powerful tools rather than heavy enterprise systems. Its product set and technological direction align well with current trends in webinars, video, and AI automation, and the mid-market focus may help it avoid head-on battles with the largest players. The main uncertainties are whether it can grow revenue meaningfully from such a small base, integrate its various acquisitions into a coherent, sticky platform, and move toward sustainable profitability before funding constraints become limiting. Key things to watch over time would be evidence of customer growth, rising recurring revenue, improving cash burn, and successful product integration in a very competitive market.

NEWS

November 14, 2025 · 4:10 PM UTC

Banzai Reports Third Quarter 2025 Financial Results

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October 30, 2025 · 8:31 AM UTC

Banzai to Host Third Quarter 2025 Financial Results Conference Call on Friday, November 14, 2025 at 4:30 p.m. Eastern Time

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October 17, 2025 · 8:00 AM UTC

Banzai Announces Agreement to Eliminate Senior Debt Through Payoff and Equity Conversion

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October 14, 2025 · 4:01 PM UTC

Banzai to Present at the LD Micro Main Event XIX Conference on Monday, October 20, 2025

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October 14, 2025 · 8:31 AM UTC

Banzai Announces Institutional Investor Increases Direct Equity Stake to 18.7% Following Exercise of Warrants

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