Banzai International (BNZI) Company Report

Banzai International, Inc. entered into an Exchange Agreement and a Forbearance Agreement with Agile Lending, LLC on December 15, 2025.
Under the Exchange Agreement, Banzai will exchange 232,786 shares of its Class A common stock, valued at $1.22 per share for an aggregate of $284,000, to reduce its outstanding Note Balance.
The Forbearance Agreement includes a $628,057.50 forbearance fee, increasing the principal due under the Note to a new balance of $2,123,432.50. The forbearance period extends until March 30, 2026.
Additionally, the company's Board of Directors approved an amendment to the Bylaws, reducing the quorum requirement for shareholder meetings to 33.3% of voting power, effective after the January 15, 2026, Annual Shareholder Meeting.

Dec 17, 2025, 10:01 PM

8-K

Banzai International Reports Strong Q3 2025 Revenue Growth and Strategic Updates

BNZI

Earnings

M&A

Management Change

Banzai International reported Q3 2025 revenue of $2.8 million, marking a 163% increase year-over-year, with Annual Recurring Revenue (ARR) growing 168% to $11.0 million.
The company significantly reduced its net loss by $9.5 million from Q3 2024 to ($5.9) million and saw its gross margin expand to 81.7%, an increase of 1,302 basis points.
Shareholders' equity increased to $5.4 million, a 72% rise compared to Q2 2025, supported by securing an $11.0 million debt facility and converting $4.8 million of outstanding senior secured debt.
Banzai acquired Superblocks, an AI platform, and expanded its total customer base to over 140,000.
The company strengthened its leadership team with the appointment of Dean Ditto as Chief Financial Officer and Matt McCurdy as Vice President of Sales.

Nov 14, 2025, 9:30 PM

Presentation

Banzai Reports Strong Q3 2025 Revenue Growth and Strategic Acquisitions

BNZI

Earnings

M&A

Debt Issuance

Banzai reported Q3 2025 revenue of $2.8 million, an increase of 163% year-over-year, and a net loss of $5.9 million, which is a 62% improvement compared to the prior year quarter.
Annual Recurring Revenue (ARR) reached $11 million for Q3 2025, representing a 168% increase from Q3 2024, with a gross margin of 81.7%.
The company's shareholders' equity increased 72% to $5.4 million as of September 30, 2025, driven by a focus on balance sheet improvement, including a $4.8 million debt conversion at the beginning of Q4 2025 and securing an $11 million debt facility.
Banzai expanded its customer base to over 140,000 total customers and announced the acquisition of Superblocks, an AI platform for developing SEO-optimized websites.

Nov 14, 2025, 9:30 PM

Transcript

Banzai CEO Discusses Growth, Market Opportunity, and Strategic Priorities

BNZI

Revenue Acceleration/Inflection

M&A

New Projects/Investments

Banzai reported Q2 revenue of $3.3 million, an increase of 205% year-over-year, with gross margin expanding by nearly 1,400 basis points to 83%. Adjusted EBITDA was a $1.5 million loss, remaining roughly flat despite the significant revenue growth.
The company operates in the rapidly growing Martech market, which was valued at nearly $500 billion last year and is projected to reach $1.7 trillion within the decade with an 18.5% CAGR. Banzai's strategy focuses on organic growth, AI-enabling products, and strategic M&A to capture market share.
Banzai has expanded its customer base to over 140,000 total customers in 90 countries, with over half of its revenue originating from the BFSI sector. The company has strengthened its balance sheet by increasing shareholders' equity by $35 million and recently announced a major payoff to its senior lender.
Key strategic priorities include continued balance sheet strengthening, organic growth, and M&A, having completed two acquisitions in the last year and appointed a new CFO. The company aims to reach $30-40 million in annual revenue to achieve net profitability.

Oct 20, 2025, 5:00 PM

Transcript

Banzai International Reports Strong Q2 Growth and Outlines Path to Profitability

BNZI

Revenue Acceleration/Inflection

M&A

Guidance Update

Banzai International (BNZI) achieved $3.3 million in Q2 revenue, marking a 205% year-over-year increase, and expanded its gross margin by 1,400 basis points to 83%.
The company reported an adjusted EBITDA loss of $1.5 million for Q2, which remained roughly flat despite the significant revenue growth, and increased shareholders' equity by $35 million over the last year.
BNZI is focused on strengthening its balance sheet, pursuing M&A opportunities, and aims to reach $30 million to $40 million in annual revenue to achieve net profitability.

Oct 20, 2025, 5:00 PM

Transcript

Banzai International, Inc. completes additional closing of convertible note and warrant offering

BNZI

Debt Issuance

Banzai International, Inc. completed an additional closing of its private placement of senior secured convertible notes and warrants on October 8, 2025.
This October closing involved the issuance of an additional note for $2,500,000 and additional warrants to purchase up to 200,000 shares of Common Stock, with an initial conversion/exercise price of $2.50 per share.
The October Note matures on October 8, 2026.
Including previous closings on June 30, 2025, and August 19, 2025, the total principal amount of notes issued to date in this offering is $6,900,000.
The total number of shares underlying Buyer Warrants issued to date is 997,350.

Oct 9, 2025, 10:04 AM

8-K

Banzai International Reports Strong Q2 Results and Strategic Updates

BNZI

Revenue Acceleration/Inflection

M&A

CFO Change

Banzai International, an AI-powered SaaS platform for marketing, reported strong Q2 results including a 206% year-over-year revenue increase and a 1,400 basis point increase in gross margin to 83%.
The company's annual recurring revenue (ARR) significantly increased to $12.6 million in Q2 from $4.5 million in the same period last year.
Banzai expanded its customer base to over 140,000 total customers, attributing rapid growth to its product-led growth (PLG) model.
Strategic priorities for 2025 include a $32.7 million decrease in liabilities and other debt, continued M&A activity, and organic growth.
The company also strengthened its leadership team with the addition of Dean Ditto as CFO and Michael Kurtzman as Chief Revenue Officer.

Sep 24, 2025, 7:40 PM

Transcript

Banzai International secures Convertible Promissory Note

BNZI

Debt Issuance

Convertible Preferred Issuance

Banzai International, Inc. (BNZI) entered into a $2,000,000 Convertible Promissory Note with YA II PN, LTD. on September 16, 2025.
The company received an initial advance of $890,000 on the same date, with a second advance of $1,000,000 (less a 10% discount) contingent on the effectiveness of a Form S-1 registration statement.
The Note has a maturity date of March 16, 2026, an annual interest rate of 6%, and is convertible into Class A common stock at $2.50 per share.
Monthly repayments of $500,000 of principal plus a 4% payment premium and accrued interest will commence one month after the issuance date.

Sep 17, 2025, 8:44 PM

8-K

Banzai International, Inc. enters into At The Market Offering Agreement

BNZI

Banzai International, Inc. entered into an At The Market Offering Agreement with H.C. Wainwright & Co., LLC on August 27, 2025, to sell shares of its Class A common stock.
The aggregate market value of the Class A common stock eligible for sale under the agreement is up to $7,525,033.
H.C. Wainwright & Co., LLC will receive commissions of up to 3.0% of the gross proceeds from the sale of shares.
Banzai International, Inc. has no obligation to sell any shares under the ATM Agreement and may suspend solicitation and offers at any time.