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Side-by-side financial comparison of Banzai International, Inc. (BNZI) and Coya Therapeutics, Inc. (COYA). Click either name above to swap in a different company.

Coya Therapeutics, Inc. is the larger business by last-quarter revenue ($4.0M vs $2.8M, roughly 1.4× Banzai International, Inc.). On growth, Coya Therapeutics, Inc. posted the faster year-over-year revenue change (202768.8% vs 163.2%).

Banzai International, Inc. is a SaaS enterprise that develops cloud-based marketing automation platforms. It primarily serves B2B clients across technology, healthcare, and financial services segments in the U.S. market, helping businesses optimize customer engagement, drive demand generation, and improve marketing campaign ROI.

Coya Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing innovative regulatory T cell (Treg)-based therapies to address unmet medical needs for patients with neurodegenerative, autoimmune, and inflammatory diseases. Its core pipeline includes lead candidates targeting conditions like amyotrophic lateral sclerosis, with primary planned commercial markets across North America and the European Union.

BNZI vs COYA — Head-to-Head

Bigger by revenue
COYA
COYA
1.4× larger
COYA
$4.0M
$2.8M
BNZI
Growing faster (revenue YoY)
COYA
COYA
+202605.6% gap
COYA
202768.8%
163.2%
BNZI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BNZI
BNZI
COYA
COYA
Revenue
$2.8M
$4.0M
Net Profit
$-5.9M
Gross Margin
81.7%
Operating Margin
-155.7%
Net Margin
-207.0%
Revenue YoY
163.2%
202768.8%
Net Profit YoY
61.8%
-95.8%
EPS (diluted)
$-1.64

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BNZI
BNZI
COYA
COYA
Q4 25
$4.0M
Q3 25
$2.8M
$3.6M
Q2 25
$3.3M
Q1 25
$3.4M
Q3 24
$1.1M
$0
Q2 24
$1.1M
$3.4M
Q1 24
$1.1M
Q4 23
$1.1M
Net Profit
BNZI
BNZI
COYA
COYA
Q4 25
Q3 25
$-5.9M
$-2.1M
Q2 25
$-7.9M
Q1 25
$-3.6M
Q3 24
$-15.4M
$-4.0M
Q2 24
$-4.0M
$-2.9M
Q1 24
$-4.3M
Q4 23
$-6.4M
Gross Margin
BNZI
BNZI
COYA
COYA
Q4 25
Q3 25
81.7%
Q2 25
83.0%
Q1 25
82.1%
Q3 24
68.7%
Q2 24
69.1%
Q1 24
64.7%
Q4 23
71.2%
Operating Margin
BNZI
BNZI
COYA
COYA
Q4 25
Q3 25
-155.7%
-68.3%
Q2 25
-144.2%
Q1 25
-145.2%
Q3 24
-256.5%
Q2 24
-315.7%
-94.5%
Q1 24
-315.2%
Q4 23
-295.5%
Net Margin
BNZI
BNZI
COYA
COYA
Q4 25
Q3 25
-207.0%
-59.4%
Q2 25
-243.1%
Q1 25
-107.8%
Q3 24
-1426.4%
Q2 24
-370.3%
-84.4%
Q1 24
-397.4%
Q4 23
-588.7%
EPS (diluted)
BNZI
BNZI
COYA
COYA
Q4 25
Q3 25
$-1.64
$-0.13
Q2 25
$-4.08
Q1 25
$-0.15
Q3 24
$-48.73
$-0.26
Q2 24
$-14.09
$-0.19
Q1 24
$-1.64
Q4 23
$-4.54

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BNZI
BNZI
COYA
COYA
Cash + ST InvestmentsLiquidity on hand
$851.4K
$46.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.4M
$43.0M
Total Assets
$33.0M
$50.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNZI
BNZI
COYA
COYA
Q4 25
$46.8M
Q3 25
$851.4K
$28.1M
Q2 25
$2.3M
Q1 25
$780.8K
Q3 24
$4.3M
$31.1M
Q2 24
$471.7K
$36.6M
Q1 24
$1.0M
Q4 23
$2.1M
Stockholders' Equity
BNZI
BNZI
COYA
COYA
Q4 25
$43.0M
Q3 25
$5.4M
$27.3M
Q2 25
$3.0M
Q1 25
$2.9M
Q3 24
$-22.8M
$32.0M
Q2 24
$-31.8M
$35.3M
Q1 24
$-30.8M
Q4 23
Total Assets
BNZI
BNZI
COYA
COYA
Q4 25
$50.0M
Q3 25
$33.0M
$32.0M
Q2 25
$34.7M
Q1 25
$33.7M
Q3 24
$7.3M
$35.6M
Q2 24
$3.8M
$39.9M
Q1 24
$4.4M
Q4 23
$5.3M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BNZI
BNZI
COYA
COYA
Operating Cash FlowLast quarter
$-4.4M
$-10.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNZI
BNZI
COYA
COYA
Q4 25
$-10.7M
Q3 25
$-4.4M
$-1.1M
Q2 25
$-4.0M
Q1 25
$-5.0M
Q3 24
$-1.6M
$-5.5M
Q2 24
$-1.7M
$-4.6M
Q1 24
$-2.1M
Q4 23
$4.3M

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BNZI
BNZI

Other$1.7M60%
Banzai Operating$1.1M40%

COYA
COYA

Segment breakdown not available.

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