Banzai International Inc. Financials
This page shows Banzai International Inc. (BNZI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
High-margin revenue growth is still being absorbed by overhead and financing needs, leaving operations reliant on fresh capital.
From FY2024 to FY2025, revenue nearly tripled while gross margin reached82.0% , a combination that would normally ease cash strain. Instead, operating cash flow worsened to-$15.7M and had to be offset by$17.6M of financing, showing the business is expanding before it can fund itself.
The core offer looks structurally high-margin, but the real bottleneck is overhead: FY2025 gross profit was
The balance sheet improved on paper as equity turned positive to
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Banzai International Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Banzai International Inc. scores -6.61, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($7.2M) relative to total liabilities ($23.6M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Banzai International Inc. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Banzai International Inc. generates $0.70 in operating cash flow (-$15.7M OCF vs -$22.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Banzai International Inc. generated $12.2M in revenue in fiscal year 2025. This represents an increase of 168.6% from the prior year.
Banzai International Inc.'s EBITDA was -$17.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 28.8% from the prior year.
Banzai International Inc. reported -$22.5M in net income in fiscal year 2025. This represents an increase of 28.6% from the prior year.
Banzai International Inc. earned $-118.91 per diluted share (EPS) in fiscal year 2025.
Cash & Balance Sheet
Banzai International Inc. held $259K in cash against $0 in long-term debt as of fiscal year 2025.
Banzai International Inc. had 527,317 shares outstanding in fiscal year 2025.
Margins & Returns
Banzai International Inc.'s gross margin was 82.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 13.4 percentage points from the prior year.
Banzai International Inc.'s operating margin was -151.8% in fiscal year 2025, reflecting core business profitability. This is up 145.6 percentage points from the prior year.
Banzai International Inc.'s net profit margin was -184.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 511.0 percentage points from the prior year.
Banzai International Inc.'s ROE was -279.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
BNZI Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.7M+0.8% | $2.7M-5.9% | $2.8M-12.8% | $3.3M-3.5% | $3.4M+160.0% | $1.3M+20.3% | $1.1M+1.2% | $1.1M |
| Cost of Revenue | $521K+2.4% | $509K-2.1% | $519K-6.3% | $555K-8.5% | $606K+62.4% | $373K+10.4% | $338K+2.4% | $330K |
| Gross Profit | $2.2M+0.4% | $2.2M-6.8% | $2.3M-14.1% | $2.7M-2.4% | $2.8M+199.3% | $926K+24.8% | $743K+0.6% | $738K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $7.7M+21.8% | $6.3M-2.8% | $6.5M-9.2% | $7.1M-4.3% | $7.4M+54.0% | $4.8M+37.4% | $3.5M-14.5% | $4.1M |
| Operating Income | -$5.8M-30.7% | -$4.4M+0.2% | -$4.4M+5.9% | -$4.7M+4.1% | -$4.9M-25.1% | -$3.9M-41.5% | -$2.8M+17.8% | -$3.4M |
| Interest Expense | $851K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$52K+1.0% | -$53K-119.4% | $270K+216.9% | -$231K-412.1% | $74K+1204.3% | -$7K-763.5% | $1K-84.8% | $7K |
| Net Income | -$8.4M-67.3% | -$5.0M+14.5% | -$5.9M+25.7% | -$7.9M-117.6% | -$3.6M+53.6% | -$7.9M+49.0% | -$15.4M-289.7% | -$4.0M |
| EPS (Diluted) | $-11.69 | N/A | $-1.64+59.8% | $-4.08 | $-30.37 | N/A | $-48.73 | $-14.09 |
BNZI Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $31.5M-0.5% | $31.6M-4.1% | $33.0M-4.9% | $34.7M+3.0% | $33.7M+31.2% | $25.7M+251.1% | $7.3M+90.6% | $3.8M |
| Current Assets | $1.7M+17.4% | $1.4M-37.5% | $2.3M-40.8% | $3.8M+44.7% | $2.6M-1.0% | $2.7M-47.2% | $5.1M+220.2% | $1.6M |
| Cash & Equivalents | $137K-47.1% | $259K-69.6% | $851K-62.2% | $2.3M+188.7% | $781K-28.2% | $1.1M-74.5% | $4.3M+803.8% | $472K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $668K-5.8% | $709K-11.8% | $805K-0.6% | $809K-21.3% | $1.0M+9.8% | $936K+2404.5% | $37K+42.9% | $26K |
| Goodwill | $22.0M0.0% | $22.0M0.0% | $22.0M0.0% | $22.0M0.0% | $22.0M+15.9% | $19.0M+773.7% | $2.2M0.0% | $2.2M |
| Total Liabilities | $23.4M-0.8% | $23.6M-14.4% | $27.5M-12.6% | $31.5M+2.5% | $30.7M+8.1% | $28.4M-5.7% | $30.2M-15.5% | $35.7M |
| Current Liabilities | $22.2M-0.7% | $22.4M-14.1% | $26.0M-13.9% | $30.2M+3.3% | $29.3M+3.6% | $28.3M-6.1% | $30.1M-15.5% | $35.6M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $8.1M+0.5% | $8.1M+48.1% | $5.4M+80.0% | $3.0M+2.7% | $2.9M+206.5% | -$2.8M+87.9% | -$22.8M+28.3% | -$31.8M |
| Retained Earnings | -$109.2M-8.4% | -$100.8M-5.3% | -$95.7M-6.7% | -$89.7M-9.5% | -$81.9M-4.7% | -$78.3M-11.2% | -$70.4M-27.0% | -$55.4M |
BNZI Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$5.5M-140.2% | -$2.3M+47.9% | -$4.4M-8.5% | -$4.0M+18.6% | -$5.0M-18.1% | -$4.2M-171.7% | -$1.6M+8.6% | -$1.7M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $0+100.0% | -$2K | $0+100.0% | -$480+100.0% | -$2.7M-3355.9% | $82K | $0 | $0 |
| Financing Cash Flow | $5.3M+213.6% | $1.7M-44.3% | $3.1M-44.5% | $5.5M-24.9% | $7.3M+670.0% | $954K-82.1% | $5.3M+368.3% | $1.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
BNZI Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 80.7%-0.3pp | 81.0%-0.8pp | 81.7%-1.3pp | 83.0%+0.9pp | 82.1%+10.8pp | 71.3%+2.6pp | 68.7%-0.4pp | 69.1% |
| Operating Margin | -214.4%-49.1pp | -165.3%-9.5pp | -155.8%-11.5pp | -144.2%+1.0pp | -145.2%+156.5pp | -301.7%-45.2pp | -256.5%+59.2pp | -315.7% |
| Net Margin | -312.2%-124.1pp | -188.1%+18.9pp | -207.0%+36.1pp | -243.0%-135.2pp | -107.8%+496.5pp | -604.3%+822.1pp | -1426.4%-1056.1pp | -370.3% |
| Return on Equity | -104.0%-41.5pp | -62.5%+45.8pp | -108.2%+154.1pp | -262.3%-138.5pp | -123.8% | N/A | N/A | N/A |
| Return on Assets | -26.7%-10.8pp | -15.9%+1.9pp | -17.8%+5.0pp | -22.9%-12.0pp | -10.8%+19.8pp | -30.6%+180.2pp | -210.8%-107.7pp | -103.1% |
| Current Ratio | 0.07+0.0 | 0.06-0.0 | 0.09-0.0 | 0.13+0.0 | 0.090.0 | 0.09-0.1 | 0.17+0.1 | 0.04 |
| Debt-to-Equity | 2.89-0.0 | 2.93-2.1 | 5.06-5.4 | 10.43-0.0 | 10.44+20.7 | -10.29-9.0 | -1.32-0.2 | -1.12 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.06), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Banzai International Inc.'s annual revenue?
Banzai International Inc. (BNZI) reported $12.2M in total revenue for fiscal year 2025. This represents a 168.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Banzai International Inc.'s revenue growing?
Banzai International Inc. (BNZI) revenue grew by 168.6% year-over-year, from $4.5M to $12.2M in fiscal year 2025.
Is Banzai International Inc. profitable?
No, Banzai International Inc. (BNZI) reported a net income of -$22.5M in fiscal year 2025, with a net profit margin of -184.9%.
What is Banzai International Inc.'s EBITDA?
Banzai International Inc. (BNZI) had EBITDA of -$17.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Banzai International Inc.'s gross margin?
Banzai International Inc. (BNZI) had a gross margin of 82.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Banzai International Inc.'s operating margin?
Banzai International Inc. (BNZI) had an operating margin of -151.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Banzai International Inc.'s net profit margin?
Banzai International Inc. (BNZI) had a net profit margin of -184.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Banzai International Inc.'s return on equity (ROE)?
Banzai International Inc. (BNZI) has a return on equity of -279.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Banzai International Inc.'s operating cash flow?
Banzai International Inc. (BNZI) generated -$15.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Banzai International Inc.'s total assets?
Banzai International Inc. (BNZI) had $31.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Banzai International Inc.'s current ratio?
Banzai International Inc. (BNZI) had a current ratio of 0.06 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Banzai International Inc.'s debt-to-equity ratio?
Banzai International Inc. (BNZI) had a debt-to-equity ratio of 2.93 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Banzai International Inc.'s return on assets (ROA)?
Banzai International Inc. (BNZI) had a return on assets of -71.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Banzai International Inc.'s cash runway?
Based on fiscal year 2025 data, Banzai International Inc. (BNZI) had $259K in cash against an annual operating cash burn of $15.7M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Banzai International Inc.'s Altman Z-Score?
Banzai International Inc. (BNZI) has an Altman Z-Score of -6.61, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Banzai International Inc.'s Piotroski F-Score?
Banzai International Inc. (BNZI) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Banzai International Inc.'s earnings high quality?
Banzai International Inc. (BNZI) has an earnings quality ratio of 0.70x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Banzai International Inc.?
Banzai International Inc. (BNZI) scores 31 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.