Banzai International Financials
This page shows Banzai International (BNZIW) 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).
Banzai’s revenue rebound improved gross economics, but the business still depends on external financing because liquidity and overhead remain mismatched.
In the latest year, gross margin reached82.0% even as operating cash flow was-$15.7M . Against FY2024, revenue roughly tripled while financing cash flow supplied$17.6M , a pattern of better unit economics without a cost base yet sized to the revenue being produced.
The balance sheet looks less impaired than a year earlier because total equity turned positive at
FY2025 gross profit of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Banzai International'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 has an operating margin of -151.8%, meaning the company retains $-152 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -297.4% the prior year.
Banzai International's revenue surged 168.6% year-over-year to $12.2M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Banzai International has a moderate D/E ratio of 2.93. This balance of debt and equity financing earns a leverage score of 42/100.
Banzai International's current ratio of 0.06 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Banzai International generates a -279.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.
Banzai International passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Banzai International 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 generated $12.2M in revenue in fiscal year 2025. This represents an increase of 168.6% from the prior year.
Banzai International'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 reported -$22.5M in net income in fiscal year 2025. This represents an increase of 28.6% from the prior year.
Banzai International earned $-5.95 per diluted share (EPS) in fiscal year 2025. This represents an increase of 91.5% from the prior year.
Cash & Balance Sheet
Banzai International held $259K in cash against $0 in long-term debt as of fiscal year 2025.
Banzai International had 527,317 shares outstanding in fiscal year 2025. This represents a decrease of 35.7% from the prior year.
Margins & Returns
Banzai International'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'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'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's ROE was -279.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
BNZIW 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 | N/A | 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 |
BNZIW 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+17.5% | $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-11.9% | $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 |
BNZIW 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 |
BNZIW 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.
Frequently Asked Questions
What is Banzai International's annual revenue?
Banzai International (BNZIW) 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's revenue growing?
Banzai International (BNZIW) revenue grew by 168.6% year-over-year, from $4.5M to $12.2M in fiscal year 2025.
Is Banzai International profitable?
No, Banzai International (BNZIW) reported a net income of -$22.5M in fiscal year 2025, with a net profit margin of -184.9%.
What is Banzai International's EBITDA?
Banzai International (BNZIW) had EBITDA of -$17.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Banzai International's gross margin?
Banzai International (BNZIW) 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's operating margin?
Banzai International (BNZIW) 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's net profit margin?
Banzai International (BNZIW) 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's return on equity (ROE)?
Banzai International (BNZIW) 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's operating cash flow?
Banzai International (BNZIW) generated -$15.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Banzai International's total assets?
Banzai International (BNZIW) had $31.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Banzai International's current ratio?
Banzai International (BNZIW) 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's debt-to-equity ratio?
Banzai International (BNZIW) 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's return on assets (ROA)?
Banzai International (BNZIW) 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's cash runway?
Based on fiscal year 2025 data, Banzai International (BNZIW) 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's Piotroski F-Score?
Banzai International (BNZIW) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. 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's earnings high quality?
Banzai International (BNZIW) 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?
Banzai International (BNZIW) scores 24 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.