Banzai International, Inc. (BNZI)

Nasdaq: BNZI · Services-Prepackaged Software · Bainbridge Island, WA · filing with the SEC since 2020

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Grade4.0

◀ Past 1.6● Present 2.2▶ Future 7.1

2 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Banzai International, Inc.

Nine metrics read from its own filings, by tense

Headline grade

4.0/10

◀ Past1.625% of the headline

● Present2.235% of the headline

▶ Future7.140% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

1.6/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

0.3/10

Has it survived what it has been through?

20 warning events since 2020; the latest 2026-10-30.

weight 22% of this tense · 3rd percentile among 230 sector filers · read for itself

From the record

Banzai International, Inc.'s filings since 2020 show 20 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 9 times, the latest 2026-10-30); a warning not to rely on past financial statements (8-K item 4.02, 2 times, the latest 2022-01-21); an auditor change (8-K item 4.01, 2 times, the latest 2025-04-25); a late-report notice (Form NT 10-K or NT 10-Q, 7 times, the latest 2025-03-31) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

3.2/10

What has it actually done, year after year?

+31.6% a year over 4 filed years; profitable in 0 of 4.

weight 45% of this tense · 32nd percentile among 213 sector filers · read for its customers

From the record

Banzai International, Inc.'s 4 filed years say what it did: revenue went from $5 million in fiscal 2022 to $12 million in fiscal 2025, up 31.6% a year; it rose in 1 of 3 years; the deepest fall was 15% from fiscal 2022 to fiscal 2024; net income was positive in 0 of 4 of those years (its annual reports).

What it rests on

revenue growth over the filed span31.6%top 25% of its family
the share of years revenue rosebottom 6% of its family
the share of filed years with a profitbottom 17% of its family
the deepest fall from a revenue peak15.1%bottom 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

0.2/10

How has it treated the people who own it?

SI estimate 0.2/10, confidence 35 of 100 (one part).

weight 33% of this tense · 2nd percentile among 216 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 2% of 216 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 216 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Banzai International, Inc.'s shareholder treatment is put at 0.2 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 2% of 216 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

2.2/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

1.9/10

Is it financially healthy right now?

ROE -279%: lost 279¢ per shareholder dollar. Leverage 75%: owes 75¢ per asset dollar.

weight 45% of this tense · 18th percentile among 217 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Banzai International, Inc. lost about 279 cents for every dollar of shareholders' money, and gross profitability: its products earned about 32 cents per dollar of everything the company owns. Leverage: it owed about 75 cents per dollar of assets, and net share issuance: its share count grew 748.6% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 24% of its family
return on equitybottom 3% of its family
gross profit against assetsbottom 46% of its family
the share count against the year beforebottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

3.8/10

How strong is its position in its industry?

bottom 38% of 218 in its family; net margin -184.9%.

weight 33% of this tense · 38th percentile among 218 sector filers · read for its customers

From the record

Banzai International, Inc.'s standing among 218 graded names in its industry family: revenue of $12 million in fiscal 2025 ranks in the bottom 15% by size; a net margin of -184.9% ranks in the bottom 11%; revenue growth of 31.6% a year over the last 3 filed years ranks in the top 13% (its annual reports).

What it rests on

revenue against the family$12.2Mbottom 15% of its family
net margin-184.9%bottom 11% of its family
three-year revenue growth31.6%top 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

0.4/10

What are the people in charge doing?

SI estimate 0.4/10, confidence 35 of 100 (one part).

weight 22% of this tense · 4th percentile among 167 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 4% of 167 in its family; the record of its people begins on 2023-12-14 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.9 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read: The record of its people begins on 2023-12-14 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.9 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 167 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Banzai International, Inc.'s leadership is put at 0.4 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 4% of 167 in its family; the record of its people begins on 2023-12-14 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.9 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

7.1/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed

4.0/10

How much room does it have to grow?

bottom 40% of 216 in its family for room to expand.

weight 22% of this tense · 40th percentile among 216 sector filers · read for itself

From the record

Banzai International, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $259 thousand against no long-term debt tagged leaves 0.8% of its assets as net cash, bottom 25% of its family; cash from operations less capital spending is -129.2% of revenue (bottom 11%); a gross margin of 82% (top 15%) (its annual report).

What it rests on

cash less debt against assets0.8%bottom 25% of its family
cash from operations less capital spending against revenue-129.2%bottom 11% of its family
gross margin82.0%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

8.5/10

What could actually drive growth from here?

top 15% of 213 in its family for growth drivers.

weight 45% of this tense · 85th percentile among 213 sector filers · read for its customers

From the record

Banzai International, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 31.6% a year over the last three filed years against 31.6% over all 4, speeding up (top 27% of its family); the newest year grew 168.8% (top 3%) (its annual reports). Banzai International, Inc. reported 3 lines of business in fiscal 2025: Open Reel at $5 million, Banzai Operating at $4 million, Vidello Limited at $2 million. 3 of 3 grew in the latest filed year, and the largest line is 45% of revenue (its annual report).

What it rests on

three-year growth against the whole span+0.0 points a yeartop 27% of its family
the newest year's revenue growth168.8%top 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

7.2/10

Did its newest year beat what its own record pointed to?

top 28% of 194 in its family for expectations against reality.

weight 33% of this tense · 72nd percentile among 194 sector filers · read for its shareholders

From the record

Banzai International, Inc.'s newest year against its own record: revenue of $12 million in fiscal 2025 came in 191.5% above the $4 million its prior three years' pace pointed to (top 4% of its family); net income of $22 million against a prior three-year average of $20 million (bottom 24%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 5%) (its annual reports).

What it rests on

revenue against the prior three years' pace191.5%top 4% of its family
net income against the prior three years' average-10%bottom 24% of its family
net margin against its prior averageup more than 100 pointstop 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton BNZI · research, not advice