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Banzai International Inc. 10-Q Filings

BNZI NASDAQ

Every 10-Q that Banzai International Inc. (BNZI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow BNZI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BNZI filings page.

Rhea-AI Summary

Banzai International, Inc., which has rebranded its trade name to Parabolic and reorganized into three business units (ConnectAndSell, Banzai, and CreateStudio), reported materially weaker results for the six months ended June 30, 2026. Revenue was $4,969, down from $6,506 a year earlier, while the net loss widened to $13,382 from $11,572. Operating cash outflow was $9,366. After a 1-for-20 reverse stock split effective May 8, 2026, weighted average shares rose sharply due to significant share issuances and debt conversions.

As of June 30, 2026, the company held cash of $646 and total assets of $31,301, with total liabilities of $19,071 and stockholders’ equity of $12,230. The accumulated deficit increased to $114,154. Management states that recurring losses, negative operating cash flows, and limited cash raise substantial doubt about the ability to continue as a going concern absent additional equity or debt financing under arrangements such as the Yorkville SEPA and the ATM.

Rhea-AI Summary

Banzai International reported a weak quarter and raised substantial doubt about its ability to continue as a going concern. Revenue for the three months ended March 31, 2026 was $2,696 thousand, down from $3,379 thousand a year earlier.

The company posted a net loss of $8,417 thousand versus $3,644 thousand, and used $5,501 thousand of cash in operating activities. Cash was only $137 thousand as of March 31, 2026, with an accumulated deficit of about $109,189 thousand.

Management plans to rely on additional debt and equity financings, including the Yorkville SEPA and an at-the-market program, but states these plans are not probable enough to remove going concern uncertainty.

Rhea-AI Summary

Banzai International (BNZI) filed its Q3 2025 10‑Q, showing strong top-line growth but continued losses and tight liquidity. Revenue reached $2.84 million for the quarter (vs. $1.08 million a year ago) and $9.35 million year-to-date (vs. $3.23 million). Gross profit was $2.33 million in Q3. Operating expenses rose with integration and amortization, leading to an operating loss of $4.43 million in Q3 and a year-to-date net loss of $17.46 million.

Cash was $0.85 million at September 30, 2025, and operating cash outflow was $13.42 million for the first nine months, indicating constrained liquidity. Total liabilities were $27.55 million; stockholders’ equity improved to $5.44 million from a deficit at year-end, reflecting financings and non-cash items. The company completed reverse stock splits of 1‑for‑50 (September 2024) and 1‑for‑10 (July 2025). A revenue recognition error from Q2 2025 was revised as immaterial. Class A shares outstanding were 6,513,153 and Class B 231,114 as of November 11, 2025.