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Side-by-side financial comparison of Banzai International, Inc. (BNZI) and DeFi Development Corp. (DFDV). Click either name above to swap in a different company.

DeFi Development Corp. is the larger business by last-quarter revenue ($4.6M vs $2.8M, roughly 1.6× Banzai International, Inc.). DeFi Development Corp. runs the higher net margin — 1211.4% vs -207.0%, a 1418.4% gap on every dollar of revenue. On growth, DeFi Development Corp. posted the faster year-over-year revenue change (647.2% vs 163.2%). Over the past eight quarters, DeFi Development Corp.'s revenue compounded faster (181.5% CAGR vs 60.2%).

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.

Automotive Design and Development Ltd (ADD) was an English company responsible for the creation of the futuristic-looking Nova kit car. It was based in Southampton from 1971 to 1973 after which it moved to Accrington, Lancashire until 1975. ADD failed and the rights to the Nova were bought by Nova Cars in Mirfield, West Yorkshire in 1978, which continued until 1990. A low volume production run was made by Nova Developments in Cornwall in the 1990s and the company was sold to India-based Aerot...

BNZI vs DFDV — Head-to-Head

Bigger by revenue
DFDV
DFDV
1.6× larger
DFDV
$4.6M
$2.8M
BNZI
Growing faster (revenue YoY)
DFDV
DFDV
+483.9% gap
DFDV
647.2%
163.2%
BNZI
Higher net margin
DFDV
DFDV
1418.4% more per $
DFDV
1211.4%
-207.0%
BNZI
Faster 2-yr revenue CAGR
DFDV
DFDV
Annualised
DFDV
181.5%
60.2%
BNZI

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
BNZI
BNZI
DFDV
DFDV
Revenue
$2.8M
$4.6M
Net Profit
$-5.9M
$56.0M
Gross Margin
81.7%
98.1%
Operating Margin
-155.7%
Net Margin
-207.0%
1211.4%
Revenue YoY
163.2%
647.2%
Net Profit YoY
61.8%
11995.1%
EPS (diluted)
$-1.64
$1.95

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
DFDV
DFDV
Q3 25
$2.8M
$4.6M
Q2 25
$3.3M
$2.0M
Q1 25
$3.4M
$287.2K
Q4 24
$628.9K
Q3 24
$1.1M
$619.0K
Q2 24
$1.1M
$441.0K
Q1 24
$1.1M
$411.1K
Q4 23
$1.1M
Net Profit
BNZI
BNZI
DFDV
DFDV
Q3 25
$-5.9M
$56.0M
Q2 25
$-7.9M
$15.4M
Q1 25
$-3.6M
$-778.0K
Q4 24
$-487.0K
Q3 24
$-15.4M
$-471.0K
Q2 24
$-4.0M
$-805.0K
Q1 24
$-4.3M
$-964.0K
Q4 23
$-6.4M
Gross Margin
BNZI
BNZI
DFDV
DFDV
Q3 25
81.7%
98.1%
Q2 25
83.0%
98.6%
Q1 25
82.1%
Q4 24
98.8%
Q3 24
68.7%
98.7%
Q2 24
69.1%
98.2%
Q1 24
64.7%
97.9%
Q4 23
71.2%
Operating Margin
BNZI
BNZI
DFDV
DFDV
Q3 25
-155.7%
Q2 25
-144.2%
Q1 25
-145.2%
-307.5%
Q4 24
-107.9%
Q3 24
-256.5%
-73.3%
Q2 24
-315.7%
-193.2%
Q1 24
-315.2%
-247.7%
Q4 23
-295.5%
Net Margin
BNZI
BNZI
DFDV
DFDV
Q3 25
-207.0%
1211.4%
Q2 25
-243.1%
777.0%
Q1 25
-107.8%
-270.9%
Q4 24
-77.4%
Q3 24
-1426.4%
-76.1%
Q2 24
-370.3%
-182.5%
Q1 24
-397.4%
-234.5%
Q4 23
-588.7%
EPS (diluted)
BNZI
BNZI
DFDV
DFDV
Q3 25
$-1.64
$1.95
Q2 25
$-4.08
$0.84
Q1 25
$-0.15
$-0.55
Q4 24
$0.55
Q3 24
$-48.73
$-0.05
Q2 24
$-14.09
$-0.08
Q1 24
$-1.64
$-0.70
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
DFDV
DFDV
Cash + ST InvestmentsLiquidity on hand
$851.4K
$1.4M
Total DebtLower is stronger
$131.4M
Stockholders' EquityBook value
$5.4M
$243.8M
Total Assets
$33.0M
$480.0M
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNZI
BNZI
DFDV
DFDV
Q3 25
$851.4K
$1.4M
Q2 25
$2.3M
$595.0K
Q1 25
$780.8K
$2.2M
Q4 24
$2.8M
Q3 24
$4.3M
$2.8M
Q2 24
$471.7K
$3.2M
Q1 24
$1.0M
$3.9M
Q4 23
$2.1M
Total Debt
BNZI
BNZI
DFDV
DFDV
Q3 25
$131.4M
Q2 25
$21.2M
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Q4 23
Stockholders' Equity
BNZI
BNZI
DFDV
DFDV
Q3 25
$5.4M
$243.8M
Q2 25
$3.0M
$79.6M
Q1 25
$2.9M
$2.8M
Q4 24
$3.5M
Q3 24
$-22.8M
$4.0M
Q2 24
$-31.8M
$4.3M
Q1 24
$-30.8M
$5.0M
Q4 23
Total Assets
BNZI
BNZI
DFDV
DFDV
Q3 25
$33.0M
$480.0M
Q2 25
$34.7M
$107.2M
Q1 25
$33.7M
$4.2M
Q4 24
$4.4M
Q3 24
$7.3M
$4.5M
Q2 24
$3.8M
$4.8M
Q1 24
$4.4M
$5.5M
Q4 23
$5.3M
Debt / Equity
BNZI
BNZI
DFDV
DFDV
Q3 25
0.54×
Q2 25
0.27×
Q1 25
Q4 24
0.00×
Q3 24
Q2 24
Q1 24
Q4 23

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
DFDV
DFDV
Operating Cash FlowLast quarter
$-4.4M
$-5.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-0.09×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNZI
BNZI
DFDV
DFDV
Q3 25
$-4.4M
$-5.0M
Q2 25
$-4.0M
$-1.3M
Q1 25
$-5.0M
$-785.6K
Q4 24
$-2.4M
Q3 24
$-1.6M
$-412.0K
Q2 24
$-1.7M
$-680.8K
Q1 24
$-2.1M
$-1.1M
Q4 23
$4.3M
Free Cash Flow
BNZI
BNZI
DFDV
DFDV
Q3 25
Q2 25
Q1 25
Q4 24
$-2.4M
Q3 24
Q2 24
$-687.4K
Q1 24
$-1.2M
Q4 23
FCF Margin
BNZI
BNZI
DFDV
DFDV
Q3 25
Q2 25
Q1 25
Q4 24
-388.2%
Q3 24
Q2 24
-155.9%
Q1 24
-280.3%
Q4 23
Capex Intensity
BNZI
BNZI
DFDV
DFDV
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
3.7%
Q3 24
0.0%
Q2 24
1.5%
Q1 24
1.6%
Q4 23
Cash Conversion
BNZI
BNZI
DFDV
DFDV
Q3 25
-0.09×
Q2 25
-0.08×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23

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%

DFDV
DFDV

Digital Asset Treasury$3.8M82%
Other$831.0K18%

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