Revenue: As of FY2026 Q1, the actual value is USD 2.696 M.

EPS: As of FY2026 Q1, the actual value is USD -11.69.

EBIT: As of FY2026 Q1, the actual value is USD -5.58 M.

Segmented Financial Metrics

Three Months Ended March 31, 2026

• Banzai Operating Co.
  • Revenue: $1,026 thousand
  • Cost of Revenue: $390 thousand
  • Gross Profit: $636 thousand
  • Expenses:
    • People: $1,944 thousand
    • Marketing and advertising: $369 thousand
    • Technology: $180 thousand
    • Other segment expenses: $184 thousand
  • Segment Adjusted EBITDA: - $2,041 thousand
• OpenReel
  • Revenue: $1,376 thousand
  • Cost of Revenue: $64 thousand
  • Gross Profit: $1,312 thousand
  • Expenses:
    • People: $1,033 thousand
    • Marketing and advertising: $51 thousand
    • Technology: $37 thousand
    • Other segment expenses: $36 thousand
  • Segment Adjusted EBITDA: $155 thousand
• Vidello
  • Revenue: $294 thousand
  • Cost of Revenue: $67 thousand
  • Gross Profit: $227 thousand
  • Expenses:
    • People: $119 thousand
    • Marketing and advertising: $113 thousand
    • Technology: $13 thousand
    • Other segment expenses: $4 thousand
  • Segment Adjusted EBITDA: - $22 thousand

Three Months Ended March 31, 2025

• Banzai Operating Co.
  • Revenue: $1,160 thousand
  • Cost of Revenue: $377 thousand
  • Gross Profit: $783 thousand
  • Expenses:
    • People: $2,204 thousand
    • Marketing and advertising: $795 thousand
    • Technology: $276 thousand
    • Other segment expenses: $369 thousand
  • Segment Adjusted EBITDA: - $2,861 thousand
• OpenReel
  • Revenue: $1,441 thousand
  • Cost of Revenue: $74 thousand
  • Gross Profit: $1,367 thousand
  • Expenses:
    • People: $90 thousand
    • Marketing and advertising: $39 thousand
    • Technology: $519 thousand
    • Other segment expenses: $20 thousand
  • Segment Adjusted EBITDA: $699 thousand
• Vidello
  • Revenue: $778 thousand
  • Cost of Revenue: $155 thousand
  • Gross Profit: $623 thousand
  • Expenses:
    • People: $0 thousand
    • Marketing and advertising: $103 thousand
    • Technology: $27 thousand
    • Other segment expenses: $73 thousand
  • Segment Adjusted EBITDA: $420 thousand

Consolidated Financial and Operational Metrics

• Revenue: Decreased 20.2% to $2,696 thousand for the three months ended March 31, 2026, from $3,379 thousand for the same period in 2025 .
• Cost of Revenue: Decreased 14.0% to $521 thousand for the three months ended March 31, 2026, from $606 thousand for the same period in 2025 .
• Gross Profit: Decreased 21.6% to $2,175 thousand for the three months ended March 31, 2026, from $2,773 thousand for the same period in 2025 . Gross profit margin was 80.7% in Q1 2026 compared to 82.1% in Q1 2025 .
• Total Operating Expenses: Remained essentially flat, totaling $7,955 thousand for the three months ended March 31, 2026, compared to $7,680 thousand for the same period in 2025 .
• Operating Loss: Increased 17.8% to - $5,780 thousand for the three months ended March 31, 2026, from - $4,907 thousand for the same period in 2025 .
• Total Other Expenses, Net: Increased to $2,689 thousand for the three months ended March 31, 2026, from - $1,337 thousand for the same period in 2025 .
• Net Loss: Increased to - $8,417 thousand for the three months ended March 31, 2026, from - $3,644 thousand for the same period in 2025 .
• Net Cash Used in Operating Activities: Increased to - $5,501 thousand for the three months ended March 31, 2026, from - $4,974 thousand for the same period in 2025 .
• Net Cash Used in Investing Activities: Was $0 thousand for the three months ended March 31, 2026, compared to - $2,677 thousand for the same period in 2025, which included cash paid for the acquisition of Vidello .
• Net Cash Provided by Financing Activities: Decreased to $5,347 thousand for the three months ended March 31, 2026, from $7,347 thousand for the same period in 2025 .
• Cash at End of Period: Decreased to $137 thousand as of March 31, 2026, from $783 thousand as of March 31, 2025 .
• Stockholders’ Equity: Was $8,097 thousand as of March 31, 2026, compared to $8,055 thousand as of December 31, 2025 . The company converted $3.8 million of debt to equity and raised an additional $3.3 million from the SEPA and ATM during Q1 2026 .
• Working Capital Deficit: Was - $20,600 thousand as of March 31, 2026 .
• Accumulated Deficit: Was - $109,200 thousand as of March 31, 2026 .

Unique Metrics

Revenue by SaaS Product (Percentage of Total Revenue)

• Three Months Ended March 31, 2026
  • Reach: 2.2%
  • Demio: 34.2%
  • OpenReel: 45.0%
  • Vidello: 18.6%
• Three Months Ended March 31, 2025
  • Reach: 3.8%
  • Demio: 91.0%
  • OpenReel: 5.2%
  • Vidello: 0%

Revenue by Geographic Region (Percentage of Total Revenue)

• Three Months Ended March 31, 2026
  • Americas: 78%
  • Europe, Middle East and Africa (EMEA): 16%
  • Asia Pacific: 5%
• Three Months Ended March 31, 2025
  • Americas: 77%
  • Europe, Middle East and Africa (EMEA): 17%
  • Asia Pacific: 6%

Future Outlook and Strategy

Banzai is actively pursuing strategic acquisitions to enhance its product and service offerings, with an agreement on terms to acquire ConnectAndSell, an AI-powered sales enablement platform, expected to increase annual revenue . The company continues to seek capital through existing debt and equity financing arrangements, including the Yorkville SEPA and ATM Agreement, and other potential debt and equity financings in 2026 to support operations and expansion . The company effected a 1-for-20 reverse stock split of its Class A Common Stock on May 8, 2026, to comply with Nasdaq’s minimum bid price rule, though compliance is not assured .