BNZI · Banzai International, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.70M | - | $2.84M | $3.26M | $3.38M | - | $1.08M | $1.07M | $1.08M | - |
| Cost of Revenue | $521.0K | - | $519.4K | $554.5K | $606.0K | - | $341.2K | $379.3K | $381.4K | - |
| Gross Profit | $2.17M | - | $2.33M | $2.71M | $2.77M | - | $742.6K | $738.2K | $698.1K | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $7.65M | - | $6.46M | $7.11M | $7.43M | - | $3.51M | $4.32M | $4.31M | - |
| Total Operating Expenses | $7.96M | - | $6.76M | $7.41M | $7.68M | - | $2.84M | $2.93M | $4.31M | - |
| D&A | $305.0K | - | $294.4K | $1.3K | $1.6K | - | $900 | $1.3K | $1.6K | - |
| Operating Income | ($5.78M) | - | ($4.43M) | ($4.71M) | ($4.91M) | - | ($2.77M) | ($3.58M) | ($3.61M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | ($52.0K) | - | $270.1K | ($231.0K) | $73.5K | - | $1.0K | $6.6K | ($933) | - |
| Net Income | ($8.42M) | - | ($5.89M) | ($7.79M) | ($3.64M) | - | ($15.41M) | ($4.17M) | ($4.50M) | - |
| EPS - Basic | ($11.69) | - | ($32.80) | ($81.60) | ($30.00) | - | ($974.00) | ($1500.00) | ($2600.00) | - |
| EPS - Diluted | ($11.69) | - | ($32.80) | ($81.60) | ($30.00) | - | ($974.00) | ($1500.00) | ($2600.00) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $137.0K | $259.2K | $851.4K | $2.25M | $780.8K | $1.09M | $4.26M | $471.7K | $1.03M | $2.09M |
| Accounts Receivable | $668.0K | $709.2K | $804.5K | $809.5K | $1.03M | $936.3K | $37.4K | $26.2K | $34.7K | $105.0K |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $2.97M | $2.49M | $2.02M | $3.10M | $2.83M | $7.78M | $10.02M | $9.43M | $8.34M | $6.44M |
| Current Assets | $1.66M | $1.41M | $2.26M | $3.82M | $2.64M | $2.67M | $5.05M | $1.58M | $2.14M | $2.94M |
| Total Assets | $31.47M | $31.63M | $32.99M | $34.68M | $33.68M | $25.67M | $7.31M | $3.84M | $4.44M | $5.29M |
| Current Liabilities | $22.21M | $22.37M | $26.05M | $30.24M | $29.27M | $28.26M | $30.08M | $35.61M | $35.21M | $37.09M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $23.38M | $23.58M | $27.55M | $31.52M | $30.74M | $28.44M | $30.16M | $35.69M | $35.28M | $37.16M |
| Stockholders' Equity | $8.10M | $8.06M | $5.44M | $3.16M | $2.94M | ($2.76M) | ($22.85M) | ($31.85M) | ($30.84M) | ($31.88M) |
| Retained Earnings | ($109.19M) | ($100.77M) | ($95.74M) | ($89.72M) | ($81.92M) | ($78.28M) | ($70.43M) | ($55.43M) | ($51.27M) | ($46.77M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($5.50M) | - | - | - | ($4.98M) | - | - | - | ($2.12M) | - |
| Investing Cash Flow | $0 | - | - | - | $0 | - | - | - | - | - |
| Financing Cash Flow | $5.35M | - | - | - | $7.35M | - | - | - | $1.05M | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 80.7% | - | 81.7% | 83.0% | 82.1% | - | 68.7% | 69.1% | 64.7% | - |
| Operating margin | -214.4% | - | -155.7% | -144.2% | -145.2% | - | -256.5% | -335.3% | -334.6% | - |
| EBITDA margin | -203.1% | - | -145.4% | -144.2% | -145.2% | - | -256.4% | -335.2% | -334.5% | - |
| Net margin | -312.2% | - | -207.0% | -238.9% | -107.8% | - | -1426.4% | -389.9% | -416.9% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 283.8% | - | 227.1% | 218.0% | 220.0% | - | 325.1% | 404.3% | 399.2% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -26.7% | - | -17.8% | -22.5% | -10.8% | - | -210.8% | -108.6% | -101.4% | - |
| Return on equity | -104.0% | - | -108.2% | -246.8% | -123.7% | - | 67.5% | 13.1% | 14.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.07 | 0.06 | 0.09 | 0.13 | 0.09 | 0.09 | 0.17 | 0.04 | 0.06 | 0.08 |
| Quick ratio | 0.07 | 0.06 | 0.09 | 0.13 | 0.09 | 0.09 | 0.17 | 0.04 | 0.06 | 0.08 |
| Cash ratio | 0.01 | 0.01 | 0.03 | 0.07 | 0.03 | 0.04 | 0.14 | 0.01 | 0.03 | 0.06 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 3.89 | 3.93 | 6.06 | 10.98 | 11.44 | -9.29 | -0.32 | -0.12 | -0.14 | -0.17 |
| Liabilities / Assets | 0.74 | 0.75 | 0.84 | 0.91 | 0.91 | 1.11 | 4.12 | 9.30 | 7.95 | 7.03 |
| Efficiency | ||||||||||
| Asset turnover | 0.09 | - | 0.09 | 0.09 | 0.10 | - | 0.15 | 0.28 | 0.24 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 90d | - | 103d | 91d | 111d | - | 13d | 9d | 12d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 2081d | - | 1421d | 2037d | 1705d | - | 10717d | 9074d | 7979d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 1.7x | - | 38.8x | 71.3x | 1822.7x | - | - | - | - | - |
| P / S | 5.1x | - | 74.2x | 69.0x | 1588.5x | - | 2909.4x | 43115.7x | 98235.8x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -20.2% | - | 163.2% | 205.4% | 213.0% | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -21.6% | - | 213.1% | 266.8% | 297.2% | - | - | - | - | - |
| Operating income growth (YoY) | -17.8% | - | -59.8% | -31.4% | -35.8% | - | -242.3% | -172.7% | -462.0% | - |
| Net income growth (YoY) | -131.0% | - | 61.8% | -87.1% | 19.0% | - | -3304.0% | -467.4% | -457.5% | - |
| EPS growth (YoY) | 61.0% | - | 96.6% | 94.6% | 98.8% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 175.0% | - | - | - | - | 91.3% | -32.1% | -94.6% | -110.7% | -136.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$12.16M totalOpen Reel$5.47M · 45.0%
Banzai Operating$4.43M · 36.4%
Vidello Limited$2.26M · 18.6%
Geographic
$12.16M totalAmericas$9.19M · 75.6%
Asia Pacific$1.90M · 15.6%
EMEA$1.07M · 8.8%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing Banzai International against the 5 most active filers in the same SIC group.