Banzai International, Inc. Warrant (BNZIW) Financials
Newest figures come from the 10-K for Q1 FY2026, filed Jul 17, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BNZIW SEC filings page.
Banzai International, Inc. Warrant (BNZIW) reported $11.5M in revenue over the twelve months to Mar 31, 2026, up 68.1% from the prior twelve months. This page shows its 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 2025 rebound is a gross-margin expansion story overwhelmed by fixed operating costs and financing dependence.
From FY2024 to FY2025, revenue expansion moved from$4.5M to$12.2M , but the margin step-up was not enough to support the cost base. Gross margin reached82.0% while operating loss reached$18.5M , showing additional gross profit was absorbed by overhead rather than converted into operating earnings—a pattern of operating leverage running in reverse.
The balance sheet’s apparent repair is fragile: positive equity of
Operating cash flow worsened from
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. Warrant'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. Warrant held $259K in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $15.7M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Banzai International, Inc. Warrant scores 1/100 among other emerging companies.
Banzai International, Inc. Warrant had 527,317 shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Banzai International, Inc. Warrant scores 88/100 among other emerging companies.
Not available for Banzai International, Inc. Warrant, and counted as zero in the overall score.
Banzai International, Inc. Warrant reported revenue of $12.2M in fiscal year 2025, against $4.5M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Banzai International, Inc. Warrant scores 82/100 among other emerging companies.
Banzai International, Inc. Warrant's operations used $15.7M of cash in fiscal year 2025, against $9.6M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Banzai International, Inc. Warrant scores 3/100 among other emerging companies.
Banzai International, Inc. Warrant's cash, cash equivalents and investments came to $259K at the end of fiscal year 2025, against $23.6M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Banzai International, Inc. Warrant scores 3/100 among other emerging companies.
Banzai International, Inc. Warrant 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.
Banzai International, Inc. Warrant reported a net loss of $22.5M while operations used $15.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Banzai International, Inc. Warrant generated $2.7M in revenue in Q1 2026. This represents a decrease of 20.2% from the same quarter a year earlier. Against the prior quarter it is up 0.8%.
Banzai International, Inc. Warrant's EBITDA was -$5.5M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 17.5% from the same quarter a year earlier. Against the prior quarter it is down 33.1%.
Banzai International, Inc. Warrant reported -$8.4M in net income in Q1 2026. This represents a decrease of 131.0% from the same quarter a year earlier. Against the prior quarter it is down 67.3%.
Banzai International, Inc. Warrant earned -$11.69 per diluted share (EPS) in Q1 2026.
Cash & Balance Sheet
Banzai International, Inc. Warrant held $137K in cash as of Q1 2026; long-term debt is not reported for that period.
Not reported for Q1 2026.
Not reported for Q1 2026.
Margins & Returns
Banzai International, Inc. Warrant's gross margin was 80.7% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is down 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.
Banzai International, Inc. Warrant's ROE was -104.0% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 19.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 41.5 percentage points.
Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
None of these metrics is reported for Q1 2026.
BNZIW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-K | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-K | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.7M-20.2% | $2.7M+105.9% | $2.8M+163.2% | $3.3M+205.4% | $3.4M+213.0% | $1.3M+20.1% | $1.1M-2.5% | $1.1M-10.5% |
| Cost of Revenue | $521K-14.0% | $509K+36.3% | $519K+53.7% | $555K+68.0% | $606K+58.9% | $373K+19.6% | $338K-0.9% | $330K-13.0% |
| Gross Profit | $2.2M-21.6% | $2.2M+133.9% | $2.3M+213.1% | $2.7M+266.8% | $2.8M+297.2% | $926K+20.2% | $743K-3.2% | $738K-9.3% |
| SG&A Expenses | $7.7M+2.9% | $6.3M+30.1% | $6.5M+83.9% | $7.1M+73.1% | $7.4M+81.3% | $4.8M+21.7% | $3.5M+23.8% | $4.1M+40.3% |
| Operating Income | -$5.8M-17.8% | -$4.4M-12.8% | -$4.4M-59.8% | -$4.7M-39.5% | -$4.9M-44.2% | -$3.9M-22.6% | -$2.8M-33.7% | -$3.4M-59.3% |
| EBITDA | -$5.5M-17.5% | -$4.1M-5.5% | -$4.1M-49.3% | -$4.4M-30.7% | -$4.7M-37.0% | -$3.9M-22.0% | -$2.8M-33.8% | -$3.4M-59.4% |
| Income Tax | -$52K-170.3% | -$53K-683.8% | $270K+26643.5% | -$231K-3586.9% | $74K+8031.4% | -$7K+60.8% | $1K-24.2% | $7K-46.9% |
| Net Income | -$8.4M-131.0% | -$5.0M+35.9% | -$5.9M+61.8% | -$7.9M-100.5% | -$3.6M+15.1% | -$7.9M-23.2% | -$15.4M-1870.3% | -$4.0M-13.5% |
| EPS (Basic) | -$11.69+61.5% | N/A | -$1.64+96.6% | -$4.08+71.0% | -$30.37-1751.8% | N/A | -$48.73-14666.7% | -$14.09-2509.3% |
| EPS (Diluted) | -$11.69 | N/A | -$1.64 | -$4.08 | -$30.37 | N/A | -$48.73 | -$14.09 |
| Diluted Shares (Avg) | 720,000 | N/A | 4M | 2M | 120,000 | N/A | 316,289 | 280,675 |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.
BNZIW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-K | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-K | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $31.5M-6.6% | $31.6M+23.2% | $33.0M+351.1% | $34.7M+803.7% | $33.7M+658.8% | $25.7M+385.5% | $7.3M-79.7% | $3.8M-92.9% |
| Current Assets | $1.7M-37.1% | $1.4M-47.0% | $2.3M-55.3% | $3.8M+142.0% | $2.6M+23.6% | $2.7M-9.3% | $5.1M+942.1% | $1.6M+147.9% |
| Cash & Equivalents | $137K-82.5% | $259K-76.2% | $851K-80.0% | $2.3M+377.8% | $781K-24.0% | $1.1M-48.1% | $4.3M+967.2% | $472K-20.4% |
| Accounts Receivable | $668K-35.0% | $709K-24.3% | $805K+2051.9% | $809K+2994.2% | $1.0M+2866.2% | $936K+791.3% | $37K-60.4% | $26K-76.1% |
| Goodwill | $22.0M0.0% | $22.0M+15.9% | $22.0M+912.7% | $22.0M+912.7% | $22.0M+912.7% | $19.0M+773.7% | $2.2M | $2.2M |
| Total Liabilities | $23.4M-23.9% | $23.6M-17.1% | $27.5M-8.7% | $31.5M-11.7% | $30.7M-12.9% | $28.4M-23.5% | $30.2M-55.2% | $35.7M-58.0% |
| Current Liabilities | $22.2M-24.1% | $22.4M-20.8% | $26.0M-13.4% | $30.2M-15.1% | $29.3M-16.9% | $28.3M-23.8% | $30.1M+270.9% | $35.6M+38.6% |
| Non-Current Liabilities | $1.2M-20.6% | $1.2M+578.5% | $1.5M+1900.5% | $1.3M+1597.8% | $1.5M+1852.3% | $178K+137.0% | $75K-99.9% | $75K-99.9% |
| Total Equity | $8.1M+175.0% | $8.1M+391.4% | $5.4M+123.8% | $3.0M+109.5% | $2.9M+109.5% | -$2.8M+91.3% | -$22.8M+27.0% | -$31.8M-3.6% |
| Retained Earnings | -$109.2M-33.3% | -$100.8M-28.7% | -$95.7M-35.9% | -$89.7M-61.9% | -$81.9M-59.8% | -$78.3M-67.4% | -$70.4M-307.3% | -$55.4M-238.6% |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, Long-Term Debt.
BNZIW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-K | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-K | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$5.5M-10.6% | -$2.3M+45.6% | -$4.4M-183.4% | -$4.0M-138.7% | -$5.0M-135.0% | -$4.2M-198.9% | -$1.6M+12.0% | -$1.7M+33.9% |
| Depreciation & Amortization | $305K+23.5% | $308K+1408.3% | $294K+32614.1% | $301K+23733.9% | $247K+15692.8% | $20K+1207.8% | $900-42.7% | $1K-22.2% |
| Stock-Based Compensation | $1.3M+288.1% | N/A | N/A | N/A | $337K+686.9% | N/A | N/A | N/A |
| Investing Cash Flow | $0+100.0% | -$2K-101.8% | $0 | -$480 | -$2.7M | $82K+100.5% | $0-100.0% | $0 |
| Financing Cash Flow | $5.3M-27.2% | $1.7M+78.7% | $3.1M-42.7% | $5.5M+383.9% | $7.3M+599.7% | $954K+137.3% | $5.3M+207.9% | $1.1M-41.2% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
BNZIW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-K | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-K | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 80.7%-1.4pp | 81.0%+9.7pp | 81.7%+13.0pp | 83.0%+13.9pp | 82.1%+17.4pp | 71.3%+0.1pp | 68.7%-0.5pp | 69.1%+0.9pp |
| Operating Margin | -214.4% | -165.3% | -155.8% | -144.2% | -145.2% | -301.7% | -256.5% | -315.7% |
| Net Margin | -312.2% | -188.1% | -207.0% | -243.0% | -107.8% | -604.3% | -1426.4% | -370.3% |
| Return on Equity | -104.0%+19.8pp | -62.5% | -108.2% | -262.3% | -123.8% | N/A | N/A | N/A |
| Return on Assets | -26.7%-15.9pp | -15.9%+14.7pp | -17.8%+193.0pp | -22.9%+80.2pp | -10.8%+85.8pp | -30.6%+89.9pp | -210.8%-208.6pp | -103.1%-96.7pp |
| Current Ratio | 0.070.0x | 0.060.0x | 0.09-0.1x | 0.13+0.1x | 0.090.0x | 0.090.0x | 0.17+0.1x | 0.040.0x |
| Debt-to-Equity | 2.89-7.6x | 2.93 | 5.06 | 10.43 | 10.44 | N/A | N/A | N/A |
| Asset Turnover | 0.090.0x | 0.080.0x | 0.09-0.1x | 0.09-0.2x | 0.10-0.1x | 0.05-0.2x | 0.15+0.1x | 0.28+0.3x |
Not reported in any period shown, so not listed: FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: The current ratio is below 1.0 (0.06), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Banzai International, Inc. Warrant Ranks
Frequently Asked Questions
What is Banzai International, Inc. Warrant's annual revenue?
Banzai International, Inc. Warrant (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, Inc. Warrant's revenue growing?
Banzai International, Inc. Warrant (BNZIW) revenue grew by 168.6% year-over-year, from $4.5M to $12.2M in fiscal year 2025.
Is Banzai International, Inc. Warrant profitable?
No, Banzai International, Inc. Warrant (BNZIW) reported a net income of -$22.5M in fiscal year 2025.
What is Banzai International, Inc. Warrant's EBITDA?
Banzai International, Inc. Warrant (BNZIW) had EBITDA of -$17.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Banzai International, Inc. Warrant's gross margin?
Banzai International, Inc. Warrant (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, Inc. Warrant's return on equity (ROE)?
Banzai International, Inc. Warrant (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, Inc. Warrant's operating cash flow?
Banzai International, Inc. Warrant (BNZIW) recorded an outflow of $15.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Banzai International, Inc. Warrant's total assets?
Banzai International, Inc. Warrant (BNZIW) had $31.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Banzai International, Inc. Warrant's current ratio?
Banzai International, Inc. Warrant (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, Inc. Warrant's debt-to-equity ratio?
Banzai International, Inc. Warrant (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, Inc. Warrant's return on assets (ROA)?
Banzai International, Inc. Warrant (BNZIW) had a return on assets of -71.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Banzai International, Inc. Warrant's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Banzai International, Inc. Warrant (BNZIW) held $259K in cash, cash equivalents and investments, and reported an operating cash outflow of $15.7M over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Banzai International, Inc. Warrant's Piotroski F-Score?
Banzai International, Inc. Warrant (BNZIW) 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. Warrant's earnings high quality?
Banzai International, Inc. Warrant (BNZIW) reported a net loss of $22.5M while operations used $15.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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. Warrant?
Banzai International, Inc. Warrant (BNZIW) scores 30 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.