Banzai International, Inc.
- Open
- 1.15
- Day high
- 1.22
- Day low
- 1.15
- Prev close
- 1.18
- Volume
- 130K
- Mkt cap
- $6M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.5
- P/S
- 0.6
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$602K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions accumulating (13F)
Banzai International, Inc. (BNZI) is a Technology company listed on NASDAQ. The stock is down 98% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
Banzai International, Inc. (BNZI) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BNZI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 15, 2026 | $-5.00 | $-9.47 | -89.4% | $3M | -7.0% |
| Nov 14, 2025 | $-1.33 | $-1.54 | -15.8% | $3M | -23.5% |
| Aug 14, 2025 | $-1.20 | $-3.51 | -192.5% | $3M | -7.8% |
| May 15, 2025 | $-1.20 | $-1.50 | -25.0% | $3M | +5.6% |
| Nov 14, 2024 | $-45.00 | $-4.60 | +89.8% | $1M | -27.7% |
| Aug 14, 2024 | $-0.13 | $-75.00 | -57592.3% | $1M | -8.7% |
| May 15, 2024 | $-75.00 | $-130.00 | -73.3% | $1M | -10.0% |
| Dec 30, 2023 | — | $-183.60 | — | $1M | — |
BNZI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 9, 2026 | CP BF Lending, LLC10 percent owner | Sell | 5,079 | $4.61 |
| Jun 9, 2026 | CP BF Lending, LLC10 percent owner | Sell | 30,705 | $6.00 |
| Jun 9, 2026 | CP BF Lending, LLC10 percent owner | Sell | 76,042 | $5.19 |
| Apr 9, 2026 | Davy Joseph P.director, 10 percent owner, officer: Chief Executive Officer | Grant | 446,004 | — |
| Feb 12, 2026 | BOGGS PAULAdirector | Grant | 55,047 | — |
| Feb 12, 2026 | Schofield Kentdirector | Grant | 52,888 | — |
| Feb 12, 2026 | Ward Masondirector | Grant | 61,523 | — |
| Nov 12, 2025 | CP BF Lending, LLC10 percent owner | Sell | 62,700 | $2.81 |
| Oct 3, 2025 | Davy Joseph P.director, 10 percent owner, officer: CEO & Chairman | Sell | 10,717 | $2.35 |
| Oct 3, 2025 | Davy Joseph P.director, 10 percent owner, officer: CEO & Chairman | Sell | 4,283 | $2.36 |
| Oct 3, 2025 | Davy Joseph P.director, 10 percent owner, officer: CEO & Chairman | Sell | 2,990 | $2.45 |
| Oct 3, 2025 | Davy Joseph P.director, 10 percent owner, officer: CEO & Chairman | Sell | 2,500 | $2.45 |
| Apr 28, 2025 | Davy Joseph P.director, 10 percent owner, officer: Chief Executive Officer | Sell | 4,000 | $0.99 |
| Apr 28, 2025 | Davy Joseph P.director, 10 percent owner, officer: Chief Executive Officer | Sell | 5,000 | $1.00 |
| Apr 28, 2025 | Davy Joseph P.director, 10 percent owner, officer: Chief Executive Officer | Sell | 3,000 | $1.01 |
Source: BNZI SEC Form 4 filings, latest Jun 9, 2026. For informational purposes only — not investment advice.
See the full BNZI insider & 13F page →Banzai International, Inc. company profile
Overview
Banzai International, Inc. (NASDAQ:BNZI) is a marketing technology company founded in 2015 and headquartered in Bainbridge Island, Washington. The company went public in February 2021 through an initial public offering. Banzai operates as a software-as-a-service provider specializing in data-driven marketing and sales solutions, serving businesses across the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. The company has faced significant financial challenges since going public, with declining revenues and substantial losses, leading to a dramatic decline in its stock price from over $500 per share in 2022 to under $1 in 2025.
Business
Banzai International operates in the marketing technology sector, providing software solutions that help businesses engage with their audiences through digital events and social marketing. The company's core offerings center around two primary products that address the growing need for digital customer engagement and lead generation. Demio represents the company's flagship product - a browser-based webinar platform designed to facilitate live and on-demand interactive video content. Unlike traditional webinar software that requires downloads or complex installations, Demio operates entirely through web browsers, making it accessible to both hosts and attendees without technical barriers. The platform incorporates data analytics and marketing automation features, allowing businesses to track attendee engagement, capture lead information, and follow up with prospects automatically. This makes it particularly valuable for companies in financial services, e-commerce, and technology sectors that rely on educational content and product demonstrations to drive sales. Boost serves as the company's secondary offering, functioning as a social sharing amplification tool. This SaaS solution enables event registrants to share webinars and other marketing content across their social networks, effectively turning attendees into brand advocates. The platform leverages the principle that peer recommendations carry more weight than direct corporate messaging, helping businesses expand their reach organically through social proof and word-of-mouth marketing. The company primarily serves businesses in financial services, e-commerce, technology, and other industries that require sophisticated lead generation and customer education capabilities. Revenue appears to be concentrated in the webinar platform segment, though specific breakdowns between Demio and Boost are not publicly disclosed.
Revenue model
Banzai International operates on a software-as-a-service (SaaS) subscription model, generating revenue primarily through recurring monthly or annual subscriptions to its Demio webinar platform and Boost social sharing solution. Customers pay subscription fees based on features, usage limits, and the number of attendees or events they plan to host. This model provides predictable recurring revenue streams, though the company has struggled to maintain growth in this area. The company's paying customers are primarily businesses that rely on digital marketing and lead generation, including financial services firms conducting investor education seminars, e-commerce companies demonstrating products, technology companies providing software training, and educational institutions offering online courses. These customers value the platform's ability to generate qualified leads, provide detailed analytics on audience engagement, and integrate with existing marketing automation systems. Several factors significantly impact Banzai's margins and profitability. Positive factors include the growing shift toward digital events accelerated by remote work trends, increasing demand for data-driven marketing solutions, and the scalable nature of SaaS platforms that can serve additional customers with minimal incremental costs. The company benefits from the stickiness of webinar platforms, as businesses often integrate these tools deeply into their marketing workflows. Negative factors present substantial challenges to the business model. Intense competition from well-funded competitors like Zoom, GoToWebinar, and WebEx creates pricing pressure and customer acquisition difficulties. High customer acquisition costs in the crowded martech space strain profitability, while the company's small scale limits its ability to negotiate favorable terms with vendors or invest in product development. Economic downturns particularly impact Banzai's target market, as marketing technology spending is often among the first budget cuts during cost-reduction initiatives. The company's financial distress has also created a negative feedback loop, where potential customers may hesitate to commit to a platform from a financially unstable vendor.
Competitive moat
Banzai International operates in a highly competitive market with limited sustainable competitive advantages. The company's moat is relatively weak, consisting primarily of modest switching costs and some customer integration benefits rather than any fundamental structural advantages. The company's primary defensive characteristic stems from the operational integration of webinar platforms into customers' marketing workflows. Once businesses have configured Demio with their CRM systems, email marketing platforms, and sales processes, there is some friction involved in switching to competitors. Additionally, the learning curve associated with mastering any webinar platform creates minor switching costs, as marketing teams must invest time in understanding new interfaces and features. However, these advantages are limited and easily overcome. The webinar and marketing automation space is crowded with well-funded competitors offering similar or superior functionality. Major players like Zoom have significantly more resources for product development, customer support, and market expansion. The core technology behind browser-based webinars is not proprietary, and larger competitors can easily replicate Banzai's features while offering better reliability, more integrations, and competitive pricing. The company lacks network effects, as the value of the platform does not increase significantly with more users. There are no significant barriers to entry in the webinar software market, and the company's small scale actually works against it in negotiations with partners and in attracting enterprise customers who prefer established vendors. The financial distress evident in the company's statements further weakens its competitive position, as potential customers may question the long-term viability of the platform and existing customers may seek more stable alternatives. In essence, Banzai operates in a commodity-like market where product differentiation is minimal and customer loyalty is primarily driven by convenience rather than unique value proposition. This weak moat makes the company particularly vulnerable to competitive pressure and market downturns.
Risks & safety
Banzai International presents extremely high financial risk with virtually no margin of safety for investors. The company is in severe financial distress with multiple red flags indicating potential insolvency. **Cash Burn and Solvency Risk:** • Current ratio of 0.094 indicates the company cannot meet short-term obligations • Cash and short-term investments of only $1.1 million against $28.3 million in current liabilities • Negative free cash flow of $9.6 million annually with minimal cash reserves • Debt-to-equity ratio fluctuations suggest complex capital structure issues • High probability of bankruptcy or distressed restructuring within 12 months **Valuation Metrics:** • Trading at 0.37x book value, but book value is negative due to liabilities exceeding assets • Price-to-earnings ratios are meaningless due to massive losses • Enterprise value calculations are distorted by negative equity • Stock price has declined over 99% from historical highs **Other Considerations:** • Revenue declining from $5.3 million in 2022 to $4.5 million in 2024 • Consistent EBITDA losses with no path to profitability visible • Extremely small market capitalization under $17 million suggests limited institutional interest • Going concern qualification likely in auditor reports
Recent development
Based on the available financial data, Banzai International has not demonstrated significant strategic pivots or new product developments over the recent years. The company appears to have maintained its focus on the core Demio webinar platform and Boost social sharing solution without major expansions or innovations. The most notable development has been the company's severe financial deterioration. Revenue has remained relatively stable around $4.5-5.3 million annually, but the company has been unable to achieve profitability or positive cash flow. The dramatic decline in stock price from over $500 per share in 2022 to under $1 in 2025 reflects investor concerns about the company's viability. The financial statements show inconsistent patterns that may indicate accounting complications or one-time charges, particularly visible in the Q3 2024 results where net income showed an unusual loss of over $23 billion, likely due to accounting adjustments or impairments. The company's balance sheet has deteriorated significantly, with current liabilities far exceeding current assets, suggesting potential liquidity crises. Without access to recent earnings call transcripts, it's difficult to identify specific strategic initiatives, but the financial trajectory suggests the company has been primarily focused on survival rather than growth or innovation. The lack of meaningful revenue growth despite operating in a potentially expanding market for digital events and webinar solutions indicates either execution challenges or intense competitive pressure that has prevented the company from capitalizing on market opportunities.
BNZI company profile · for informational purposes only — not investment advice.
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