One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Banzai International Inc
BNZI · NCM · Technology · Software - Application
Current price
$1.91
52-week range
$1.60 - $79.60
Market cap
$6.33M
Balance sheet
Distressed
-7.74x Concerning
Net debt $9.75M. Interest coverage shows how many times profit covers the interest bill.
What stands out
2 Rewards
3 Risks
2 rewards · 3 risks
- Reward Revenue grew 168.6% last year.
- Reward Trades at 0.0x P/E vs peer median 10.8x (99.9% cheaper).
- Risk Return on equity was -493.8% last year — the company lost money on shareholders' equity.
- Risk Operating margin compressed from -110.8% to -214.4% over 3 years.
What this company does
Banzai International Inc
Banzai International sells software subscriptions that help other businesses market themselves using tools for creating videos, hosting online presentations (webinars), and sending newsletters. This business model provides recurring revenue (predictable income that comes in regularly, like a magazine subscription), which can be more stable for the company than relying on one-time sales.
How the company got here
Banzai was started in 2015 by a former employee of a larger software company. It began by helping other businesses with sales and marketing, then shifted to focus on getting people to attend events. When the pandemic made in-person events difficult, Banzai pivoted again to focus on virtual events and webinars (online seminars). To grow quickly, the company has bought several other smaller technology companies and went public on the Nasdaq stock exchange in late 2023 through a merger.
What it actually does
Banzai provides online tools for other companies to use for their marketing and sales. Think of it as a digital toolbox that helps businesses find new customers and connect with their existing ones. These tools, which businesses pay a subscription fee to use, help with tasks like creating professional videos, hosting online events, and sending out marketing emails. The company heavily uses artificial intelligence (AI) to make these marketing tasks easier and more automated.
Banzai Operating Co.
This is the company's original and core set of marketing tools, focused on helping businesses host online events. The main product here is 'Demio,' a platform for running webinars (live online presentations or workshops). Businesses pay Banzai to use Demio to teach potential customers about their products. This segment also includes tools that help companies find the right audience for their events and encourage more people to sign up.
OpenReel
This part of the company provides a high-tech platform for creating professional-quality videos. It uses artificial intelligence (AI) to let a company record, edit, and share videos without needing a physical film crew. For example, a company could use OpenReel to record interviews with experts in different cities and easily turn them into a polished marketing video. This is a significant part of the business, and was noted as its highest-earning segment in a recent year.
Vidello
This segment is a suite of tools centered around video marketing. It includes 'CreateStudio,' which is a user-friendly software for making animated videos, and 'Vidello,' a service for hosting (storing and playing) a company's videos online. Businesses pay to use these tools to make their marketing more visually engaging. This part of Banzai was formed through an acquisition (when one company buys another) to add more video capabilities to its overall platform.
What management is betting on now
Banzai's main strategy is to build a single, all-in-one AI-powered platform that handles all of a business's marketing needs. They are doing this by continuing to acquire smaller software companies that add new features, like a recent purchase of a company that helps sales teams have more conversations with potential customers. The goal is to follow a "Land and Expand" model, where a customer starts by using one Banzai tool and then signs up for more over time. Alongside this growth, the company is also focused on reducing its operating expenses (the day-to-day costs of doing business) to become more profitable.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value — vs current price $1.91
We couldn't calculate a fair value right now.
Is it drowning in debt?
Distressed
Net debt $9.7M. Interest coverage -7.7x.
Net debt
$9.75M
Interest coverage
-7.74x
Banzai International Inc's profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 4 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Distressed
Worse cushion
Baseline
Better cushion
BNZI
BASELINE
Banzai International Inc
Total debt $9.88M Interest coverage -7.74x This is the baseline the peer rows are being compared against.
Total debt $6.24M Interest coverage -1.32x Neither company has much profit cushion over interest right now.
Total debt $35.43K Interest coverage -37.95x Neither company has much profit cushion over interest right now.
Total debt $0.00 Interest coverage -17.57x Neither company has much profit cushion over interest right now.
Total debt $12.35M Interest coverage -0.45x Neither company has much profit cushion over interest right now.
Total debt $2.55M Interest coverage 2.25x This peer still has a real interest-payment cushion, while BNZI does not.
What you should know
The case for and against BNZI
2 Rewards
3 Risks
Rewards
-
Revenue grew 168.6% last year.
-
Trades at 0.0x P/E vs peer median 10.8x (99.9% cheaper).
Risks
-
Return on equity was -493.8% last year — the company lost money on shareholders' equity.
-
Operating margin compressed from -110.8% to -214.4% over 3 years.
-
Insider ownership is only 2.1% (peer median: 18.8%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
0.01x
Forward P/E
-0.26x
P/B
0.20x
P/S
0.55x
EV/EBITDA
-0.68x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
81.7%
Operating margin
-214.4%
Net margin
-237.5%
ROE
-493.8%
ROA
-37.1%
Health
Liquidity and balance-sheet strength
Debt / equity
1.22x
Current ratio
0.07x
Quick ratio
0.04x
Total debt
$9.88M
Total cash
$137.00K
Growth
How the business has been compounding
Revenue TTM
$11.48M
Revenue 5Y CAGR
31.6%
EPS TTM
230.98
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-15.71M
Free CF TTM
$-15.71M
FCF margin
-136.8%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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