Banzai International, Inc.
BNZINasdaqTechnology · Services-Prepackaged Software · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $12.2M | $4.5M | $4.6M | $5.3M | — | — |
| Operating income | −$18.5M | −$13.5M | −$9.8M | −$3.2M | −$2.7M | −$101,973 |
| Net income | −$22.5M | −$31.5M | −$14.4M | $9.4M | $11.6M | −$6.1M |
| Total assets | $31.6M | $25.7M | $5.3M | $53.2M | $231.0M | $232.3M |
| Total liabilities | $23.6M | $28.4M | $37.2M | $14.7M | $21.1M | $34.1M |
| Equity | $8.1M | −$2.8M | −$31.9M | −$13.5M | −$20.1M | −$31.8M |
| EPS (diluted) | $-5.95 | $-69.75 | $-6.00 | $-2.40 | — | — |
| Shares out. | 10.5M | 819,516 | 2.6M | 6.4M | — | 5.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −151.8%
- Net margin
- −184.9%
- Return on equity
- −279.2%
- Return on assets
- −71.1%
- Return on capital (ROCE)
- −199.4%
- Liabilities / assets
- 74.5%
- Debt / equity
- 2.93×
- Book value / share
- $0.76
- Revenue growth (YoY)
- 168.6%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -18.30distress
- Accruals / assets
- −21.5%clean
- Beneish M-Score
- -2.54normal
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 4 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Revenue is growing year-over-year
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 31, 2025
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2024
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2023
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2023
- NT 10-Qmissed a reporting deadline ↗May 16, 2023
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2022
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Davy Joseph P.Activist (13D)Apr 9, 2026
- Cp Bf Lending, LlcPassive (13G)Feb 17, 2026
- Fe Iv Or Aggregator, LlcPassive (13G)Oct 14, 2025
- Alco Investment CoActivist (13D)Apr 23, 2025
- Armistice Capital, LlcPassive (13G)Feb 14, 2025
- Oasis Management Co Ltd.Passive (13G)Feb 12, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 141,739 | 1.0 | -90.2% |
| Apr 30, 2026 | 1.4M | 1.2 | -22.2% |
| Apr 15, 2026 | 1.9M | 1.8 | +74.7% |
| Mar 31, 2026 | 1.1M | 1.5 | -27.8% |
| Mar 13, 2026 | 1.5M | 2.6 | -5.8% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Modified shareholder rights · Amended charter or bylaws · Other material eventMay 6, 2026
- Shareholder voteApr 28, 2026
- Entered a material agreementFeb 13, 2026
- Shareholder voteJan 15, 2026
- Entered a material agreement · New financial obligation · Unregistered equity sale · Amended charter or bylawsDec 17, 2025
- Entered a material agreementOct 9, 2025
- Entered a material agreement · New financial obligation · Unregistered equity saleSep 17, 2025
- Entered a material agreementAug 28, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.