Detailed financial statements for Banzai International, Inc. (BNZI): income statement, balance sheet and cash-flow summary. Track margins, debt, liquidity and profitability trends year over year with up to 20 years of history.
Banzai International, Inc. is a marketing technology firm, founded in 2015 and based in Bainbridge Island, Washington. The company delivers data-centric marketing and sales solutions to a diverse clientele of businesses spanning the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Among its key offerings is Demio, an interactive, browser-based webinar platform.
Analysis Summary
Trailing-twelve-month margins: gross margin 78.3%, operating margin -174.9%, net margin -228.7%.
At the current price of $1.91, BNZI has negative trailing earnings (P/E not meaningful) and an ROE of -279.23%. Market capitalisation stands at $0M.
Balance sheet quality for BNZI: current ratio of 0.1, net debt of $10.4M. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Income Statement (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | 0 | $5.2M | $5.3M | $4.6M | $4.5M | $12.2M |
| Cost of Revenue | 0 | $2.1M | $2.0M | $1.5M | $1.4M | $2.2M |
| Gross Profit | 0 | $3.1M | $3.4M | $3.1M | $3.1M | $10.0M |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $44937 | $11.0M | $9.3M | $12.9M | $16.5M | $27.3M |
| Operating Expenses | $101977 | $13.1M | $9.3M | $12.9M | $16.6M | $28.4M |
| Operating Income | -$102000 | -$10.0M | -$5.9M | -$9.8M | -$13.5M | -$18.5M |
| EBITDA | -$6.1M | -$8.7M | -$12.9M | -$8.7M | -$28.3M | -$18.9M |
| Interest Expense | 0 | $1.2M | $2.4M | $5.6M | $3.7M | $2.4M |
| Pre-tax Income | -$6.1M | -$10.4M | -$15.5M | -$14.4M | -$31.5M | -$22.4M |
| Income Tax | 0 | -$409458 | 0 | 0 | 0 | $60617 |
| Net Income | -$6.1M | -$10.0M | -$15.5M | -$14.4M | -$31.5M | -$22.5M |
| EPS | $-210.50 | $-4339.84 | $-2401.53 | $-2101.96 | $-139.40 | $-119.00 |
| EPS (Diluted) | $-210.50 | $-4339.84 | $-2401.53 | $-2101.96 | $-139.40 | $-119.00 |
| Shares Outstanding (Diluted) | $2300 | $2300 | $2300 | $6854 | $222908 | $189150 |
Balance Sheet (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.7M | $1.8M | $1.0M | $2.1M | $1.1M | $259205 |
| Short-term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Receivables | 0 | $74727 | $68416 | $105049 | $936321 | $722066 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | $2.3M | $2.6M | $1.4M | $2.9M | $2.7M | $1.4M |
| Property, Plant & Equipment | 0 | $10586 | $319061 | $138657 | $76104 | $64116 |
| Goodwill | 0 | $2.2M | $2.2M | $2.2M | $19.0M | $22.0M |
| Intangible Assets | 0 | 0 | 0 | 0 | $3.9M | $8.0M |
| Total Assets | $232.3M | $4.9M | $5.5M | $5.3M | $25.7M | $31.6M |
| Accounts Payable | 0 | $439405 | $1.1M | $6.4M | $7.8M | $2.5M |
| Short-term Debt | 0 | $8.0M | $13.7M | $16.2M | $12.4M | $10.6M |
| Total Current Liabilities | $144017 | $10.8M | $29.3M | $37.1M | $28.3M | $22.4M |
| Long-term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | $34.1M | $20.6M | $29.6M | $37.2M | $28.4M | $23.6M |
| Retained Earnings | -$6.1M | -$16.9M | -$32.4M | -$46.8M | -$78.3M | -$100.8M |
| Total Equity | $198.2M | -$15.7M | -$24.1M | -$31.9M | -$2.8M | $8.1M |
| Total Debt | 0 | $8.0M | $14.2M | $16.4M | $12.5M | $10.6M |
| Net Debt | -$1.7M | $6.2M | $13.2M | $14.3M | $11.4M | $10.4M |
| Working Capital | $2.1M | -$8.2M | -$27.9M | -$34.1M | -$25.6M | -$21.0M |
Cash Flow (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net Income | -$6.1M | -$10.0M | -$15.5M | -$14.4M | -$31.5M | -$22.5M |
| Depreciation & Amortization | 0 | $480549 | $161606 | $180405 | $161896 | $1.2M |
| Stock-based Compensation | 0 | $803051 | $770336 | $1.2M | $1.2M | 0 |
| Change in Working Capital | -$481393 | $622943 | $314841 | $8.1M | $1.8M | -$47644 |
| Operating Cash Flow | -$583366 | -$6.8M | -$5.2M | -$1.6M | -$9.6M | -$15.7M |
| Capital Expenditure | -$4 | -$1694 | -$10806 | 0 | 0 | 0 |
| Acquisitions | 0 | -$3.6M | 0 | 0 | $82219 | -$2.7M |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -$583370 | -$6.8M | -$5.2M | -$1.6M | -$9.6M | -$15.7M |
Growth & Margins (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue Growth (YoY) | +2.4% | -14.5% | -0.7% | +168.6% | ||
| Net Income Growth (YoY) | -64.9% | -55.0% | +6.9% | -118.8% | +28.6% | |
| EPS Growth (YoY) | -1961.7% | +44.7% | +12.5% | +93.4% | +14.6% | |
| Shares Change (YoY) | +0.0% | +0.0% | +198.0% | +3152.2% | -15.1% | |
| FCF Growth (YoY) | -1073.2% | +24.3% | +70.1% | -517.5% | -64.0% | |
| Gross Margin | 60.2% | 63.1% | 68.2% | 68.6% | 82.0% | |
| Operating Margin | -191.8% | -110.8% | -214.8% | -297.4% | -151.8% | |
| EBITDA Margin | -166.9% | -242.4% | -190.1% | -625.1% | -155.2% | |
| Net Margin | -191.7% | -290.1% | -315.9% | -696.0% | -184.9% | |
| FCF Margin | -131.4% | -97.1% | -34.0% | -211.5% | -129.2% | |
| Effective Tax Rate | -0.0% | 3.9% | -0.0% | -0.0% | -0.0% | -0.3% |
Per-Share Data (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| FCF Per Share | $-253.64 | $-2975.81 | $-2251.73 | $-226.26 | $-42.96 | $-83.04 |
| Dividends Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | $2300 | $2300 | $2300 | $6854 | $222908 | $189150 |
What to look at in Technology companies
- Revenue growth 3y (>=15%/year) — Validates sustained traction, not a one-off.
- Gross margin (Sub-sector dependent) — SaaS >=70%, Internet >=55%, Semis >=45%, Hardware >=35%.
- FCF / Revenue (>=20%) — Real cash generated. Many tech firms dress up non-GAAP earnings.
- ROIC (>=15%) — Capital reinvested efficiency — Buffett's first metric.
- SBC / Revenue (<10% healthy) — Stock-based compensation. Silent dilution: >20% destroys value.
- Net Debt / EBITDA (<=2x (1.5x SaaS)) — Resilience in downturns and rate hikes.
Profitability
| Return on Equity | -279.23% |
| Return on Invested Capital | -93.00% |
| Return on Assets | -71.11% |
| Gross Margin | 78.31% |
| Operating Margin | -174.89% |
| Net Margin | -228.73% |
Financial Health
| Debt / Equity | 0.55 |
| Current Ratio | 0.10 |
| Piotroski F-Score | 5 |
| Altman Z-Score | -6.70 |
Key Ratios (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| P/E | -482.19 | -22.49 | -42.14 | -7.61 | -2.20 | -0.16 |
| P/B | 1.18 | -14.26 | -9.65 | -3.44 | -24.68 | 0.45 |
| P/S | 0.00 | 43.11 | 43.65 | 24.04 | 15.06 | 0.30 |
| Gross Margin | 0.0% | 60.2% | 63.1% | 68.2% | 68.6% | 82.0% |
| Operating Margin | 0.0% | -191.8% | -110.8% | -214.8% | -297.4% | -151.8% |
| Net Margin | 0.0% | -191.7% | -290.1% | -315.9% | -696.0% | -184.9% |
Related companies: BZAI · CXAI · CYN · FRGT · FUSE · HLP · HWH
Explore sector: Technology · Software - Application
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