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

Banzai International, Inc. is the larger business by last-quarter revenue ($2.8M vs $1.8M, roughly 1.6× INVO Fertility, Inc.). INVO Fertility, Inc. runs the higher net margin — -150.5% vs -207.0%, a 56.5% gap on every dollar of revenue. On growth, Banzai International, Inc. posted the faster year-over-year revenue change (163.2% vs 22.6%). Over the past eight quarters, Banzai International, Inc.'s revenue compounded faster (60.2% CAGR vs 12.8%).

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.

INVO Fertility, Inc. is a specialized healthcare company focused on delivering accessible assisted reproductive technology solutions. It develops, manufactures and markets the patented INVOcell intravaginal culture system for in vitro fertilization procedures, serving fertility clinics and patients across North America, Europe and other global regions, with a mission to reduce barriers to high-quality fertility care.

BNZI vs IVF — Head-to-Head

Bigger by revenue
BNZI
BNZI
1.6× larger
BNZI
$2.8M
$1.8M
IVF
Growing faster (revenue YoY)
BNZI
BNZI
+140.6% gap
BNZI
163.2%
22.6%
IVF
Higher net margin
IVF
IVF
56.5% more per $
IVF
-150.5%
-207.0%
BNZI
Faster 2-yr revenue CAGR
BNZI
BNZI
Annualised
BNZI
60.2%
12.8%
IVF

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
BNZI
BNZI
IVF
IVF
Revenue
$2.8M
$1.8M
Net Profit
$-5.9M
$-2.6M
Gross Margin
81.7%
Operating Margin
-155.7%
-93.1%
Net Margin
-207.0%
-150.5%
Revenue YoY
163.2%
22.6%
Net Profit YoY
61.8%
-62.2%
EPS (diluted)
$-1.64
$-0.77

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
IVF
IVF
Q3 25
$2.8M
$1.8M
Q2 25
$3.3M
$1.9M
Q1 25
$3.4M
$1.6M
Q4 24
$1.7M
Q3 24
$1.1M
$1.4M
Q2 24
$1.1M
$1.8M
Q1 24
$1.1M
$1.6M
Q4 23
$1.1M
$1.4M
Net Profit
BNZI
BNZI
IVF
IVF
Q3 25
$-5.9M
$-2.6M
Q2 25
$-7.9M
$-5.3M
Q1 25
$-3.6M
$-17.4M
Q4 24
$-3.6M
Q3 24
$-15.4M
$-1.6M
Q2 24
$-4.0M
$-2.2M
Q1 24
$-4.3M
$-1.6M
Q4 23
$-6.4M
$-2.0M
Gross Margin
BNZI
BNZI
IVF
IVF
Q3 25
81.7%
Q2 25
83.0%
Q1 25
82.1%
35.2%
Q4 24
41.4%
Q3 24
68.7%
31.0%
Q2 24
69.1%
53.1%
Q1 24
64.7%
45.3%
Q4 23
71.2%
33.0%
Operating Margin
BNZI
BNZI
IVF
IVF
Q3 25
-155.7%
-93.1%
Q2 25
-144.2%
-160.4%
Q1 25
-145.2%
-1042.1%
Q4 24
-202.0%
Q3 24
-256.5%
-90.7%
Q2 24
-315.7%
-100.9%
Q1 24
-315.2%
-95.7%
Q4 23
-295.5%
-109.2%
Net Margin
BNZI
BNZI
IVF
IVF
Q3 25
-207.0%
-150.5%
Q2 25
-243.1%
-283.6%
Q1 25
-107.8%
-1060.1%
Q4 24
-211.3%
Q3 24
-1426.4%
-113.8%
Q2 24
-370.3%
-122.2%
Q1 24
-397.4%
-101.3%
Q4 23
-588.7%
-144.4%
EPS (diluted)
BNZI
BNZI
IVF
IVF
Q3 25
$-1.64
$-0.77
Q2 25
$-4.08
$-13.30
Q1 25
$-0.15
$-12.53
Q4 24
$14.86
Q3 24
$-48.73
$-15.11
Q2 24
$-14.09
$-22.39
Q1 24
$-1.64
$-7.55
Q4 23
$-4.54
$-59.51

Balance Sheet & Financial Strength

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

Metric
BNZI
BNZI
IVF
IVF
Cash + ST InvestmentsLiquidity on hand
$851.4K
Total DebtLower is stronger
$2.0M
Stockholders' EquityBook value
$5.4M
$5.8M
Total Assets
$33.0M
$18.8M
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNZI
BNZI
IVF
IVF
Q3 25
$851.4K
Q2 25
$2.3M
Q1 25
$780.8K
Q4 24
Q3 24
$4.3M
Q2 24
$471.7K
Q1 24
$1.0M
Q4 23
$2.1M
Total Debt
BNZI
BNZI
IVF
IVF
Q3 25
$2.0M
Q2 25
$4.8M
Q1 25
Q4 24
$7.5M
Q3 24
Q2 24
Q1 24
Q4 23
Stockholders' Equity
BNZI
BNZI
IVF
IVF
Q3 25
$5.4M
$5.8M
Q2 25
$3.0M
$2.6M
Q1 25
$2.9M
$3.3M
Q4 24
$12.7M
Q3 24
$-22.8M
$-23.3K
Q2 24
$-31.8M
$1.4M
Q1 24
$-30.8M
$10.2K
Q4 23
$892.8K
Total Assets
BNZI
BNZI
IVF
IVF
Q3 25
$33.0M
$18.8M
Q2 25
$34.7M
$19.3M
Q1 25
$33.7M
$31.7M
Q4 24
$46.4M
Q3 24
$7.3M
$17.0M
Q2 24
$3.8M
$17.8M
Q1 24
$4.4M
$17.3M
Q4 23
$5.3M
$18.5M
Debt / Equity
BNZI
BNZI
IVF
IVF
Q3 25
0.34×
Q2 25
1.83×
Q1 25
Q4 24
0.59×
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
IVF
IVF
Operating Cash FlowLast quarter
$-4.4M
$-1.8M
Free Cash FlowOCF − Capex
$-1.8M
FCF MarginFCF / Revenue
-101.6%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-7.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNZI
BNZI
IVF
IVF
Q3 25
$-4.4M
$-1.8M
Q2 25
$-4.0M
$-1.7M
Q1 25
$-5.0M
$-3.5M
Q4 24
$-617.4K
Q3 24
$-1.6M
$-640.8K
Q2 24
$-1.7M
$-1.5M
Q1 24
$-2.1M
$-260.6K
Q4 23
$4.3M
$-714.9K
Free Cash Flow
BNZI
BNZI
IVF
IVF
Q3 25
$-1.8M
Q2 25
$-1.7M
Q1 25
$-3.6M
Q4 24
$-696.3K
Q3 24
Q2 24
$-1.5M
Q1 24
$-310.3K
Q4 23
FCF Margin
BNZI
BNZI
IVF
IVF
Q3 25
-101.6%
Q2 25
-92.6%
Q1 25
-216.9%
Q4 24
-40.6%
Q3 24
Q2 24
-82.3%
Q1 24
-19.7%
Q4 23
Capex Intensity
BNZI
BNZI
IVF
IVF
Q3 25
0.5%
Q2 25
0.5%
Q1 25
0.9%
Q4 24
4.6%
Q3 24
0.0%
Q2 24
3.0%
Q1 24
3.2%
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%

IVF
IVF

Segment breakdown not available.

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