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

Opus Genetics, Inc. is the larger business by last-quarter revenue ($3.9M vs $2.8M, roughly 1.4× Banzai International, Inc.). On growth, Banzai International, Inc. posted the faster year-over-year revenue change (163.2% vs -10.2%). Over the past eight quarters, Banzai International, Inc.'s revenue compounded faster (60.2% CAGR vs 50.3%).

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.

Opus Genetics, Inc. is a clinical-stage biotechnology company specializing in the development of targeted gene therapies for inherited retinal diseases. It focuses on addressing unmet medical needs for patients living with rare, vision-threatening ocular conditions, with operations centered on advancing accessible therapeutic candidates for global rare disease patient populations.

BNZI vs IRD — Head-to-Head

Bigger by revenue
IRD
IRD
1.4× larger
IRD
$3.9M
$2.8M
BNZI
Growing faster (revenue YoY)
BNZI
BNZI
+173.4% gap
BNZI
163.2%
-10.2%
IRD
Faster 2-yr revenue CAGR
BNZI
BNZI
Annualised
BNZI
60.2%
50.3%
IRD

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BNZI
BNZI
IRD
IRD
Revenue
$2.8M
$3.9M
Net Profit
$-5.9M
Gross Margin
81.7%
Operating Margin
-155.7%
Net Margin
-207.0%
Revenue YoY
163.2%
-10.2%
Net Profit YoY
61.8%
53.0%
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
IRD
IRD
Q4 25
$3.9M
Q3 25
$2.8M
$3.1M
Q2 25
$3.3M
$2.9M
Q1 25
$3.4M
$4.4M
Q4 24
$4.3M
Q3 24
$1.1M
$3.9M
Q2 24
$1.1M
$1.1M
Q1 24
$1.1M
$1.7M
Net Profit
BNZI
BNZI
IRD
IRD
Q4 25
Q3 25
$-5.9M
$-17.5M
Q2 25
$-7.9M
$-7.4M
Q1 25
$-3.6M
$-8.2M
Q4 24
Q3 24
$-15.4M
$-7.5M
Q2 24
$-4.0M
$-7.8M
Q1 24
$-4.3M
$-7.1M
Gross Margin
BNZI
BNZI
IRD
IRD
Q4 25
Q3 25
81.7%
Q2 25
83.0%
Q1 25
82.1%
Q4 24
Q3 24
68.7%
Q2 24
69.1%
Q1 24
64.7%
Operating Margin
BNZI
BNZI
IRD
IRD
Q4 25
Q3 25
-155.7%
-269.9%
Q2 25
-144.2%
-309.0%
Q1 25
-145.2%
-227.2%
Q4 24
Q3 24
-256.5%
-207.1%
Q2 24
-315.7%
-748.9%
Q1 24
-315.2%
-450.5%
Net Margin
BNZI
BNZI
IRD
IRD
Q4 25
Q3 25
-207.0%
-566.9%
Q2 25
-243.1%
-257.5%
Q1 25
-107.8%
-187.5%
Q4 24
Q3 24
-1426.4%
-194.6%
Q2 24
-370.3%
-698.3%
Q1 24
-397.4%
-415.3%
EPS (diluted)
BNZI
BNZI
IRD
IRD
Q4 25
Q3 25
$-1.64
$-0.25
Q2 25
$-4.08
$-0.12
Q1 25
$-0.15
$-0.24
Q4 24
Q3 24
$-48.73
$-0.29
Q2 24
$-14.09
$-0.30
Q1 24
$-1.64
$-0.29

Balance Sheet & Financial Strength

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

Metric
BNZI
BNZI
IRD
IRD
Cash + ST InvestmentsLiquidity on hand
$851.4K
$45.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.4M
$15.3M
Total Assets
$33.0M
$50.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNZI
BNZI
IRD
IRD
Q4 25
$45.1M
Q3 25
$851.4K
$30.8M
Q2 25
$2.3M
$32.4M
Q1 25
$780.8K
$41.8M
Q4 24
$30.3M
Q3 24
$4.3M
$36.6M
Q2 24
$471.7K
$41.4M
Q1 24
$1.0M
$47.2M
Stockholders' Equity
BNZI
BNZI
IRD
IRD
Q4 25
$15.3M
Q3 25
$5.4M
$6.0M
Q2 25
$3.0M
$17.5M
Q1 25
$2.9M
$5.1M
Q4 24
$6.7M
Q3 24
$-22.8M
$34.3M
Q2 24
$-31.8M
$40.6M
Q1 24
$-30.8M
$46.1M
Total Assets
BNZI
BNZI
IRD
IRD
Q4 25
$50.2M
Q3 25
$33.0M
$36.1M
Q2 25
$34.7M
$38.7M
Q1 25
$33.7M
$48.2M
Q4 24
$36.9M
Q3 24
$7.3M
$40.4M
Q2 24
$3.8M
$44.8M
Q1 24
$4.4M
$51.8M

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
IRD
IRD
Operating Cash FlowLast quarter
$-4.4M
$-35.3M
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
IRD
IRD
Q4 25
$-35.3M
Q3 25
$-4.4M
$-6.2M
Q2 25
$-4.0M
$-10.3M
Q1 25
$-5.0M
$-9.0M
Q4 24
$-25.6M
Q3 24
$-1.6M
$-5.1M
Q2 24
$-1.7M
$-7.3M
Q1 24
$-2.1M
$-5.7M

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%

IRD
IRD

Segment breakdown not available.

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