B
Banzai International, Inc.
BNZICIK 0001826011NasdaqNon-AcceleratedSmaller ReportingServices-Prepackaged SoftwareDelawareFY ends Dec 31
Period
FY 2025
Revenue
$12.16M
Net Income
$-22.49M
Total Assets
$31.63M
Equity
$8.06M
Shares Out
867.4K
Op. Cash Flow
$-15.70M
Business
Banzai International, Inc. is a SaaS company providing marketing technology (MarTech) tools that help customers market and sell more efficiently. The platform offers products including webinar hosting (Demio), video creation and hosting (OpenReel, CreateStudio, Vidello), demand generation (Reach), social amplification (Boost), and AI-driven newsletters (Curate). The company serves over 150,000 global customers across numerous industries through a hybrid self-service and direct-sales model, with growth driven by new customer acquisition, platform expansion via product development and acquisition, and cross-selling to existing customers.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 12 | 5 | 5 | 5 | — | |
| Cost of revenue | 2 | 1 | 1 | 2 | — | |
| Gross profit | 10 | 3 | 3 | 3 | — | |
| General and administrative expenses | 27 | 17 | 13 | 9 | 2 | |
| Depreciation and amortization expense | 1 | 24,179 | 7,160 | — | — | |
| Total operating expenses | 28 | 17 | 13 | 10 | — | |
| Operating loss | −18 | −13 | −10 | −6 | −3 | |
| GEM settlement fee expense | 0 | 200,000 | 0 | — | — | |
| Interest income | −2,955 | −10 | −813 | 0 | — | |
| Gain on extinguishment of liabilities | −4 | −680,762 | 0 | 56,653 | — | |
| Gain on release of Vidello revenue holdback | −973,000 | 0 | — | — | — | |
| Loss on debt issuance | 444,000 | 653,208 | 0 | — | — | |
| Loss on private placement issuance | 5 | 0 | — | — | — | |
| Loss on issuance of term notes | 110,500 | 0 | — | — | — | |
| Loss on issuance of convertible bridge notes | 152,826 | 0 | — | — | — | |
| Loss on extinguishment of debt, net | 2 | 1 | — | — | — | |
| Change in fair value of convertible notes | −2 | 693,000 | −34,000 | — | — | |
| Change in fair value of term notes | 173,055 | 88,588 | 0 | — | — | |
| Change in fair value of convertible bridge notes | −46,253 | −10,176 | 0 | — | — | |
| Yorkville prepayment premium expense | 0 | 80,760 | 0 | — | — | |
| Loss on Yorkville SEPA advances | 974,079 | 0 | — | — | — | |
| Vidello earnout expense | 485,720 | 0 | — | — | — | |
| Failed acquisition costs | 1 | 0 | — | — | — | |
| Goodwill impairment | 0 | 3 | 0 | — | — | |
| Other (income) expense, net | −726,572 | 88,329 | −62,985 | −150,692 | — | |
| Total other expenses, net | 4 | 18 | 5 | 9 | — | |
| Loss before income taxes | −22 | −32 | −14 | −15 | 12 | |
| Income tax expense | 60,617 | 0 | 0 | 0 | — | |
| Net loss | −22 | −32 | −14 | −15 | 12 | |
| Deemed dividend - Series A and Series B warrant modification (net of tax) | 0 | −418,360 | 0 | — | — | |
| Net loss attributable to common shareholders | −22 | −31 | −14 | — | — | |
| Basic (per share) | −5.95 | −69.75 | −6 | −2.4 | — | |
| Diluted (per share) | −5.95 | −69.75 | −6 | −2.4 | — | |
| Basic (shares) | 4 | 445,817 | 2 | 6 | — | |
| Diluted (shares) | 4 | 445,817 | 2 | 6 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash | 259,205 | 1 | 2 | 1 | 711,652 | |
| Accounts receivable, net of allowance for credit losses of $41,341 and $24,210, respectively | 709,203 | 936,321 | 105,049 | 68,416 | 74,727 | |
| Prepaid expenses and other current assets | 445,089 | 643,674 | 741,155 | 333,507 | — | |
| Total current assets | 1 | 3 | 3 | 1 | 975,845 | |
| Property and equipment, net | 8,246 | 3,539 | 4,644 | 11,803 | — | |
| Intangible assets, net | 8 | 4 | 0 | — | — | |
| Goodwill | 22 | 19 | 2 | 2 | 2 | |
| Operating lease right-of-use assets | 55,871 | 72,565 | 134,013 | 307,258 | — | |
| Deferred offering costs | 121,788 | 0 | — | — | — | |
| Other assets | 4,000 | 11,154 | 38,381 | 38,381 | — | |
| Total assets | 32 | 26 | 5 | 5 | 231 | |
| Accounts payable | 2 | 8 | 6 | 1 | 342,538 | |
| Accrued expenses and other current liabilities | 4 | 4 | 5 | 745,373 | — | |
| Convertible notes, carried at fair value | 2 | 0 | — | — | — | |
| Notes payable, carried at fair value | 3 | 4 | 0 | — | — | |
| Private placement warrant liability | 295,603 | 0 | — | — | — | |
| Earnout liability | 990,673 | 14,850 | 59,399 | 289,099 | — | |
| Due to related party | 0 | 167,118 | 67,118 | 0 | — | |
| Deferred revenue | 4 | 4 | 1 | 930,436 | — | |
| Operating lease liabilities, current | 22,823 | 22,731 | 234,043 | 284,963 | — | |
| Total current liabilities | 22 | 28 | 37 | 29 | 2 | |
| Deferred revenue, non-current | 93,726 | 117,643 | 0 | — | — | |
| Deferred tax liability | 1 | 10,115 | 0 | — | — | |
| Operating lease liabilities, non-current | 33,922 | 49,974 | 0 | 234,043 | — | |
| Total liabilities | 24 | 28 | 37 | 30 | 21 | |
| Commitments and contingencies (Note 15) | — | — | — | — | — | |
| Common stock, $0.0001 par value, 275,000,000 (250,000,000 Class A and 25,000,000 Class B) shares authorized and 10,546,333 (10,315,219 Class A and 231,114 Class B) and 819,516 (588,402 Class A and 231,114 Class B) shares issued and outstanding at December 31, 2025 and 2024, respectively | 1,055 | 82 | 259 | 645 | 0 | |
| Preferred stock, $0.0001 par value, 75,000,000 shares authorized, 1 and 1 shares issued and outstanding at December 31, 2025 and 2024, respectively | — | 0 | 0 | 0 | 0 | |
| Additional paid-in capital | 109 | 76 | 15 | 8 | 0 | |
| Accumulated other comprehensive (loss) income | −85,377 | 0 | — | — | — | |
| Accumulated deficit | −101 | −78 | −47 | −32 | −20 | |
| Stockholders' equity (deficit) | 8 | −3 | −32 | −24 | −16 | |
| Total liabilities and stockholders' equity (deficit) | 32 | 26 | 5 | 5 | 231 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Provision for credit losses on accounts receivable | 17,131 | 18,462 | −102,112 | 92,619 | — | |
| Non-cash share issuance for marketing expenses | 0 | 245,252 | 0 | — | — | |
| Non-cash shares issued for consulting expenses | 974,261 | 0 | — | — | — | |
| Non-cash settlement of GEM commitment fee | 0 | 200,000 | 2 | — | — | |
| Discount at issuance on notes carried at fair value | 2 | 747,962 | 686,016 | — | — | |
| Non-cash share issuance for Yorkville redemption premium | 0 | 80,760 | 0 | — | — | |
| Amortization of operating lease right-of-use assets | 16,694 | 137,717 | 173,245 | 152,018 | — | |
| Stock based compensation expense | 3 | 1 | 1 | 770,336 | — | |
| Gain on release of due to related party | −67,118 | 0 | — | — | — | |
| Loss on Private Placement Issuance | 5 | 0 | — | — | — | |
| Change in fair value of convertible notes, carried at fair value | −2 | 693,000 | — | — | — | |
| Change in fair value of convertible promissory notes | 0 | 0 | −34,000 | — | — | |
| Accounts receivable | 209,987 | 15,828 | 65,479 | −86,308 | — | |
| Prepaid expenses and other current assets | 198,585 | 551,645 | −407,648 | 425,011 | — | |
| Other assets | 7,154 | 27,227 | 0 | 52,591 | — | |
| Accounts payable | −381,632 | 1 | 5 | 660,844 | 325,557 | |
| Deferred revenue | −740,066 | −6,315 | 283,660 | −129,604 | — | |
| Accrued expenses | 110,421 | 498,051 | 4 | 825,809 | 933,760 | |
| Operating lease liabilities | −15,960 | −237,607 | −284,963 | −243,596 | — | |
| Earnout liability | 587,784 | −44,549 | −229,700 | −710,901 | — | |
| Deferred revenue - long-term | −23,917 | 10,573 | 0 | — | — | |
| Deferred tax liability | −256,310 | 10,115 | 0 | — | — | |
| Other long-term liabilities | 0 | −75,000 | 0 | −37,837 | — | |
| Net cash used in operating activities | −16 | −10 | −2 | −5 | −1 | |
| Cash paid for acquisition of Vidello, net of cash acquired | −3 | 0 | — | — | — | |
| Cash paid for asset acquisition of Superblocks | −1,500 | 0 | — | — | — | |
| Cash acquired in acquisition of OpenReel | 0 | 82,219 | 0 | — | — | |
| Net cash provided by (used in) investing activities | −3 | 82,219 | 0 | −10,806 | 0 | |
| Payment of GEM commitment fee promissory note | −215,057 | −1 | — | — | — | |
| Payment of Vidello transition holdback | −500,000 | 0 | — | — | — | |
| Proceeds from related party advance | 0 | 100,000 | — | — | — | |
| Repayment of related party advance | −100,000 | 0 | — | — | — | |
| Proceeds from term notes, net of issuance costs | 5 | 3 | 0 | — | — | |
| Repayment of term notes | −9 | −2 | 0 | — | — | |
| Repayments of private placement notes | −1 | 0 | — | — | — | |
| Proceeds from Yorkville redemption premium | 0 | 35,040 | 0 | — | — | |
| Proceeds from issuance of convertible notes, net of issuance costs | 10 | 3 | — | — | — | |
| Proceeds received for exercise of Pre-Funded warrants | 0 | 2,072 | 0 | — | — | |
| Proceeds from issuance of shares to Yorkville under the SEPA | 19 | 880,943 | — | — | — | |
| Proceeds from shares issued to Verista | 49,800 | — | — | — | — | |
| Payment of deferred offering costs - ATM | −238,330 | 0 | — | — | — | |
| Proceeds from issuance of common stock and pre-funded warrants under private placement | 329,996 | 0 | — | — | — | |
| Proceeds from issuance of common stock and warrants | 4 | 6 | — | — | — | |
| Net cash provided by financing activities | 18 | 8 | 3 | 4 | 0 | |
| Effect of exchange rate changes on cash and cash equivalents | −76,216 | 0 | — | — | — | |
| Net decrease in cash | −828,292 | −1 | — | — | −1 | |
| Cash paid for interest | 1 | 338,393 | 955,848 | 630,454 | — | |
| Cash paid for taxes | 10,621 | 5,113 | 9,862 | −4,875 | — | |
| Shares issued to Roth for advisory fee | 0 | 578,833 | 0 | — | — | |
| Shares issued to GEM | 0 | 784,943 | — | — | — | |
| Shares issued for marketing expenses | 0 | 334,772 | 0 | — | — | |
| Shares issued to MZHCI for investor relations services | 0 | 94,800 | 0 | — | — | |
| Shares issued for exercise of Pre-Funded warrants | 0 | 2,072 | 0 | — | — | |
| Deemed dividend - Series A and Series B warrant modification | 0 | 418,360 | 0 | — | — | |
| Shares issued to CP BF for debt restructuring | 0 | 1 | 0 | — | — | |
| Shares issued to Alco for debt restructuring | 0 | 1 | 0 | — | — | |
| Shares issued for Hudson consulting fee | 974,261 | 166,501 | — | — | — | |
| Shares issued to Perkins Coie LLP for payment of outstanding debt | 0 | 919,700 | — | — | — | |
| Settlement of GEM commitment fee | 0 | 200,000 | 0 | — | — | |
| Consideration transferred for acquisition of Vidello | 2 | 0 | — | — | — | |
| Assets acquired in acquisition of Vidello | 8 | 0 | — | — | — | |
| Liabilities assumed in acquisition of Vidello | 4 | 0 | — | — | — | |
| Consideration transferred for acquisition of OpenReel | 0 | 21 | 0 | — | — | |
| Assets acquired in acquisition of OpenReel | 0 | 24 | — | — | — | |
| Liabilities assumed in acquisition of OpenReel | 0 | 4 | — | — | — | |
| Right-of-use assets obtained in exchange for lease obligations | 0 | 76,269 | 0 | 762,603 | — | |
| Conversion of private placement convertible notes, carried at fair value | 4 | 0 | — | — | — | |
| Shares issued for 1800 Diagonal Note conversions of debt | 444,317 | 0 | — | — | — | |
| Shares issued to Yorkville of aggregate commitment fee | 0 | 500,000 | — | — | — |
Filings
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Frequently asked questions
What is Banzai International, Inc.'s CIK number?
Banzai International, Inc.'s SEC CIK number is 0001826011 (1826011). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Banzai International, Inc.'s SEC filings?
All of Banzai International, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Banzai International, Inc. last report earnings?
Banzai International, Inc. (BNZI) most recently filed an earnings 8-K with the SEC on Apr 15, 2025, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001641172-25-004902). This is Banzai International, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Banzai International, Inc.'s most recent earnings 8-K?
Banzai International, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 15, 2025 under accession 0001641172-25-004902. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Banzai International, Inc.'s latest earnings 8-K →
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