Banzai International (BNZI) AI Stock Analysis

• Market Cap: $13.08M
• Dividend Yield: N/A
• Average Volume (3M): 640.40K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.29
• Revenue Growth: 150.20%
• EPS Growth: 96.41%
• Country: US
• Employees: 28
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -1.64
• Shares Outstanding: 9,110,970
• 10 Day Avg. Volume: 1,163,812
• 30 Day Avg. Volume: 640,398
• PEG Ratio: 0.02
• Price to Book (P/B): -24.68
• Price to Sales (P/S): 15.06
• P/FCF Ratio: -7.12
• Enterprise Value/Market Cap: 1.84
• Enterprise Value/Revenue: 2.24
• Enterprise Value/Gross Profit: 0.01
• Enterprise Value/Ebitda: >-0.01
• 1Y Price Target: $23.00
• Price Target Upside: 1374.36% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: $1.50 ▼(-3.85% Downside)

The score is primarily held down by weak financial performance—large ongoing losses, negative free cash flow, and elevated leverage—despite strong TTM revenue growth and high gross margin. Technicals are neutral to mildly improving in the near term but remain weak over longer timeframes, and valuation provides little support given negative earnings and no dividend.

Positive Factors

Strong Revenue Growth

TTM revenue growth near +150% signals rapid top-line expansion and strong demand for core offerings. Sustained high organic revenue growth supports scaling, market penetration, and long-term product-market fit, improving the chance to achieve unit-economics leverage as volumes rise.

High Gross Margin

High trailing gross margins reflect a scalable software cost structure where incremental revenue contributes materially to contribution margin. This structural advantage supports future operating leverage if sales and G&A are controlled, enabling eventual profitability as revenue scales.

Recurring SaaS Revenue Model

A subscription/SaaS model provides recurring, predictable revenue and opportunities for upsells, retention, and lifetime value expansion. Durable recurring streams improve cash visibility and strategic planning, making growth investments and customer ROI focus more effective over time.

Negative Factors

Elevated Leverage

Debt materially exceeding equity increases refinancing and liquidity risk and limits strategic flexibility. High leverage raises the likelihood of dilution or restructuring if cash flow remains negative, increasing long-term financing costs and constraining reinvestment in product and sales.

Negative Operating & Free Cash Flow

Persistent negative operating and free cash flow means the core business consumes capital rather than funds growth. Over months, ongoing cash burn elevates dependency on external financing, creating execution risk and potentially forcing cost cuts or dilutive financings that harm long-term strategy.

Sustained Unprofitability

Large operating and net losses despite revenue gains indicate the cost base or go-to-market economics are not yet sustainable. Without durable improvements to operating margins, profitability remains uncertain, limiting retained earnings and increasing reliance on external capital to fund growth.

Banzai International Business Overview & Revenue Model

Company Description

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 browser-based webinar platform with data and marketing features designed to help businesses engage with their audience through live events and on-demand, interactive video content; and Boost, a SaaS solution for social sharing by event registrants. The company serves financial services, e-commerce, technology, and other industries. Banzai International, Inc. was founded in 2015 and is based in Bainbridge Island, Washington.

How the Company Makes Money

Banzai International generates revenue through multiple streams. Primarily, the company earns money by selling its consumer electronics, which include a wide array of smart devices and gadgets. Additionally, BNZI has a significant software division that generates income through software licensing and subscription-based models. The company also partners with other businesses to provide tailored digital solutions, which contributes to its consulting and service fees. BNZI's revenue is further augmented by strategic partnerships and collaborations that expand its market reach and customer base.

Banzai International Financial Statement Overview

Summary

Banzai International's financial performance shows significant challenges. Despite generating substantial revenue, the company has consistently reported negative net income and EBIT, indicating ongoing profitability issues. The balance sheet reveals a highly leveraged position with negative stockholders' equity, posing a significant risk. Cash flow analysis indicates severe challenges, with persistent negative operating and free cash flows.

Income Statement

Banzai International's financial performance shows significant challenges. Despite generating substantial revenue in the most recent year, the company has consistently reported negative net income and EBIT, indicating ongoing profitability issues. The gross profit margin is relatively high, suggesting effective cost management at the production level, but the negative net profit margins highlight broader operational inefficiencies. Revenue growth has been volatile, further complicating the financial outlook.

Balance Sheet

The balance sheet reveals a highly leveraged position with negative stockholders' equity, which poses a significant risk to financial stability. The debt-to-equity ratio is alarming due to the negative equity, and the equity ratio is negative, indicating that liabilities exceed assets. The company's financial structure is risky, with high liabilities relative to assets and equity, suggesting vulnerability to financial distress.

Cash Flow

Cash flow analysis indicates severe challenges, with persistent negative operating and free cash flows, suggesting that the company is struggling to generate sufficient cash from its core operations. The free cash flow to net income ratio is negative, highlighting inefficiencies in converting net income into cash. The operating cash flow to net income ratio further underscores the difficulty in maintaining liquidity and financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.79M	4.53M	4.56M	5.33M	5.21M	0.00
Gross Profit	2.33B	3.11M	3.11M	3.37M	3.13M	0.00
EBITDA	-4.95B	-28.30M	-8.67M	-12.93M	-8.69M	-6.05M
Net Income	-5.91B	-31.51M	-14.41M	-15.47M	-9.98M	-6.05M
Balance Sheet
Total Assets	32.99B	25.67M	5.29M	5.48M	4.89M	232.28M
Cash, Cash Equivalents and Short-Term Investments	851.36M	1.09M	2.09M	1.02M	1.79M	1.72M
Total Debt	14.42B	12.50M	16.40M	14.20M	7.98M	0.00
Total Liabilities	27.55B	28.44M	37.16M	29.59M	20.63M	34.05M
Stockholders Equity	5.44B	-2.76M	-31.88M	-24.11M	-15.74M	198.23M
Cash Flow
Free Cash Flow	-17.63M	-9.58M	-1.55M	-5.18M	-6.84M	-583.37K
Operating Cash Flow	-17.63M	-9.58M	-1.55M	-5.17M	-6.84M	-583.37K
Investing Cash Flow	-2.60M	82.22K	0.00	-10.81K	-3.57M	-230.00M
Financing Cash Flow	16.88M	8.49M	2.62M	4.42M	11.42M	232.31M

Banzai International Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.56
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BNZI, the sentiment is Negative. The current price of 1.56 is above the 20-day moving average (MA) of 1.24, above the 50-day MA of 1.34, and below the 200-day MA of 4.71, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 51.65 is Neutral, neither overbought nor oversold. The STOCH value of 49.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BNZI.

Banzai International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
BNZI	45 Neutral	$13.08M	-0.09	―	―	150.20%	96.41%
VS	44 Neutral	$6.23M	-3.04	-16.34%	―	2281.70%	90.92%
JTAI	44 Neutral	$7.10M	-0.08	-518.36%	―	-29.57%	97.70%
IDAI	44 Neutral	$22.23M	-0.09	-205.65%	―	72.57%	-261.66%
OLB	41 Neutral	$5.33M	-0.17	-149.68%	―	-39.80%	77.33%

Banzai International Corporate Events

Banzai International Signs Exchange and Forbearance Agreements

On December 16, 2025, Banzai International, Inc. executed an Exchange Agreement with Agile Capital Funding, LLC and Agile Lending, LLC to address outstanding debt obligations. This agreement involves exchanging 232,786 shares of Class A common stock valued at $284,000 for a proportional reduction in its subordinated secured promissory note balance. Additionally, a Forbearance Agreement was signed, granting Agile temporary forbearance on default remedies in exchange for a fee that recalibrates the principal amount of the note and modifies loan terms until March 30, 2026, or earlier if default occurs. The announcement underscores Banzai’s effort to mitigate immediate financial pressures while navigating its obligations and potentially impacts its financial stability and stakeholder interests.

The most recent analyst rating on (BNZI) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on Banzai International stock, see the BNZI Stock Forecast page.