BNZI

MKT CAP:$2M

Banzai International, Inc.

Market Cap

$2M

Technology·Software - Application·🇺🇸 United States·NASDAQ

Technology·Software App·🇺🇸·NASDAQ

Stock Price

$0.56-$0.65 (-54.05%)

Apr 22, 2026

Company Details

Banzai International, Inc., a marketing technology company, provides data-driven marketing and sales solutions for various businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its products include Demio, a brow...

CEO

Joseph Davy

IPO Date

Feb 12, 2021

Website

www.banzai.io

Key Metrics TTM

Revenue

$11M

+147.9% YoY

Net Income

-$25M

EPS (Diluted)

-$53.01

Free Cash Flow

-$18M

Revenue / Share

$3.00

Gross Margin

75.9%

Operating Margin

-166.6%

Net Margin

-233.4%

FCF Margin

-163.4%

P/S

0.2x

P/E

—

Earnings Reports

Q3 2025

Nov 14, 2025

$3M+163.2%EPS -$1.64

Q2 2025

Aug 14, 2025

$3MEPS -$40.80

Q1 2025

May 15, 2025

$3M+213.0%EPS -$1.50

FY 2024

Apr 15, 2025

$5M-0.7%EPS -$6.97

Q4 2024

Apr 15, 2025

$1M+20.0%EPS -$9.07

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$0	$0	-$248.0K
Q4 21	$0	$0	-$610.0K
Q1 22	$0	$0	-$389.0K
Q2 22	$0	$0	-$299.0K
Q3 22	$1M	$982.4K	-$374.4K
Q4 22	$1M	$509.3K	-$2M
Q1 23	$1M	$764.8K	-$2M
Q2 23	$1M	$814.0K	-$2M
Q3 23	$1M	$765.7K	-$2M
Q4 23	$1M	$769.0K	-$3M
Q1 24	$1M	$698.1K	-$3M
Q3 24	$1M	$742.6K	-$3M
Q4 24	$1M	$926.5K	-$4M
Q1 25	$3M	$3M	-$5M
Q2 25	$3M	$3M	-$5M
Q3 25	$3M	$2M	-$4M

Valuation

Quarter	P/S	P/E
Q3 21	—	—
Q4 21	—	19.4x
Q1 22	—	31.1x
Q2 22	—	15.7x
Q3 22	169.5x	45.6x
Q4 22	21.7x	—
Q1 23	14.5x	—
Q2 23	7.4x	—
Q3 23	40.8x	—
Q4 23	8.1x	—
Q1 24	3.3x	—
Q3 24	0.7x	—
Q4 24	0.2x	—
Q1 25	0.8x	—
Q2 25	0.3x	—
Q3 25	0.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	-$146.5K	-$146.5K
Q1 22	-$163.1K	-$163.1K
Q2 22	-$242.4K	-$242.4K
Q3 22	-$4M	-$4M
Q4 22	-$443.4K	-$444.8K
Q1 23	-$1M	-$1M
Q2 23	-$3M	-$3M
Q3 23	-$4M	-$4M
Q4 23	$4M	$4M
Q1 24	-$2M	-$2M
Q3 24	-$2M	-$2M
Q4 24	-$4M	-$4M
Q1 25	-$5M	-$5M
Q2 25	-$4M	-$4M
Q3 25	-$4M	-$4M

Capital Expenditures

Quarter	CapEx
Q4 21	$0
Q1 22	$4
Q2 22	$4
Q3 22	$9.4K
Q4 22	$1.4K
Q1 23	$0
Q2 23	$0
Q3 23	$2
Q4 23	$0
Q1 24	$0
Q3 24	$0
Q4 24	$1
Q1 25	$0
Q2 25	$4
Q3 25	$5

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	—	-7.2%
Q2 22	—	-78.7%
Q3 22	—	+594.9%
Q4 22	—	+319.6%
Q1 23	—	+821.5%
Q2 23	—	+1007.0%
Q3 23	-17.9%	+83.8%
Q4 23	+6.1%	+67.3%
Q1 24	-8.3%	+25.0%
Q3 24	-9.4%	+16.4%
Q4 24	+17.3%	+64.8%
Q1 25	+212.0%	+93.5%
Q2 25	+202.2%	+77.8%
Q3 25	+163.2%	+88.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$0	—
Q1 22	$0	—
Q2 22	$0	—
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$402.4K	34.2%
Q2 23	$218.5K	18.3%
Q3 23	$0	0.0%
Q4 23	$415.0K	38.3%
Q1 24	$42.8K	4.0%
Q3 24	$250.8K	23.2%
Q4 24	$669.3K	51.5%
Q1 25	$336.6K	10.0%
Q2 25	$756.1K	23.2%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q3 21	—	—	$197.6K
Q4 21	—	—	$559.2K
Q1 22	—	—	$339.6K
Q2 22	—	—	$233.8K
Q3 22	—	—	$1M
Q4 22	—	—	$2M
Q1 23	$3M	—	—
Q2 23	$3M	—	—
Q3 23	$2M	$535.7K	—
Q4 23	$4M	$406.0K	—
Q1 24	$4M	—	—
Q3 24	$4M	—	—
Q4 24	$5M	—	—
Q1 25	$7M	—	—
Q2 25	$7M	—	—
Q3 25	$6.5B	—	—

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q3 21	—	—	—
Q4 21	—	—	—
Q1 22	—	—	—
Q2 22	—	—	—
Q3 22	—	-198.4%	—
Q4 22	—	-543.9%	—
Q1 23	—	-237.5%	—
Q2 23	—	-197.3%	—
Q3 23	-17.9%	69.9%	52.1
Q4 23	6.1%	142.4%	148.5
Q1 24	-8.3%	-298.0%	-306.3
Q3 24	-9.4%	-1325.0%	-1334.4
Q4 24	17.3%	-551.2%	-533.9
Q1 25	212.0%	-87.6%	124.4
Q2 25	202.2%	-220.1%	-17.9
Q3 25	163.2%	-145.2%	18.0

Rule of 40

Revenue by Geography

Quarter	Americas	Asia Pacific	Emea
Q3 24	$626.8K	$119.9K	$334.0K
Q3 25	$2M	$161.7K	$534.8K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$478.5K	$0	$478.5K
Q2 22	$236.2K	$0	$236.2K
Q3 22	$322.9K	$0	$322.9K
Q4 22	$1M	$0	$1M
Q1 23	$805.2K	$0	$805.2K
Q2 23	$423.2K	$0	$423.2K
Q3 23	$396.8K	$0	$396.8K
Q4 23	$2M	$0	$2M
Q1 24	$1M	$0	$1M
Q2 24	$471.7K	$0	$471.7K
Q3 24	$4M	$0	$4M
Q4 24	$1M	$0	$1M
Q1 25	$780.8K	$0	$780.8K
Q2 25	$2M	$0	$2M
Q3 25	$851.4K	$0	$851.4K
Q4 25	$259.2K	$0	$259.2K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	46K	0.0%	—
Q4 21	46K	0.0%	—
Q1 22	46K	0.0%	0.0%
Q2 22	46K	0.0%	0.0%
Q3 22	46K	0.0%	0.0%
Q4 22	46K	0.0%	0.0%
Q1 23	10K	-77.9%	-77.9%
Q2 23	10K	-1.5%	-78.3%
Q3 23	7K	-33.4%	-85.5%
Q4 23	35K	+421.3%	-24.5%
Q1 24	35K	0.0%	+241.8%
Q3 24	63K	+82.2%	+532.6%
Q4 24	63K	0.0%	+850.0%
Q1 25	479K	+657.6%	+1280.7%
Q2 25	191K	-60.1%	+450.6%
Q3 25	4M	+1779.0%	+5577.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	—	—
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q3 24	—	—
Q4 24	$46.4K	28
Q1 25	$120.7K	28
Q2 25	$116.5K	28
Q3 25	$101.6K	28

Revenue / Employee