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Side-by-side financial comparison of Banzai International, Inc. (BNZI) and NORTH EUROPEAN OIL ROYALTY TRUST (NRT). Click either name above to swap in a different company.

Banzai International, Inc. is the larger business by last-quarter revenue ($2.8M vs $2.2M, roughly 1.3× NORTH EUROPEAN OIL ROYALTY TRUST). NORTH EUROPEAN OIL ROYALTY TRUST runs the higher net margin — 87.2% vs -207.0%, a 294.2% gap on every dollar of revenue. On growth, NORTH EUROPEAN OIL ROYALTY TRUST posted the faster year-over-year revenue change (329.5% 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.

North European Oil Royalty Trust is a publicly traded royalty trust holding overriding royalty interests in North Sea oil and gas producing properties. It earns revenue from its assets' production sales, distributing nearly all net income to unitholders regularly, with no active drilling or exploration operations.

BNZI vs NRT — Head-to-Head

Bigger by revenue
BNZI
BNZI
1.3× larger
BNZI
$2.8M
$2.2M
NRT
Growing faster (revenue YoY)
NRT
NRT
+166.3% gap
NRT
329.5%
163.2%
BNZI
Higher net margin
NRT
NRT
294.2% more per $
NRT
87.2%
-207.0%
BNZI

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
BNZI
BNZI
NRT
NRT
Revenue
$2.8M
$2.2M
Net Profit
$-5.9M
$1.9M
Gross Margin
81.7%
Operating Margin
-155.7%
Net Margin
-207.0%
87.2%
Revenue YoY
163.2%
329.5%
Net Profit YoY
61.8%
581.3%
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
NRT
NRT
Q1 26
$2.2M
Q3 25
$2.8M
Q2 25
$3.3M
Q1 25
$3.4M
$519.4K
Q3 24
$1.1M
Q2 24
$1.1M
Q1 24
$1.1M
Q4 23
$1.1M
Net Profit
BNZI
BNZI
NRT
NRT
Q1 26
$1.9M
Q3 25
$-5.9M
Q2 25
$-7.9M
Q1 25
$-3.6M
$285.5K
Q3 24
$-15.4M
Q2 24
$-4.0M
Q1 24
$-4.3M
Q4 23
$-6.4M
Gross Margin
BNZI
BNZI
NRT
NRT
Q1 26
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
NRT
NRT
Q1 26
Q3 25
-155.7%
Q2 25
-144.2%
Q1 25
-145.2%
Q3 24
-256.5%
Q2 24
-315.7%
Q1 24
-315.2%
Q4 23
-295.5%
Net Margin
BNZI
BNZI
NRT
NRT
Q1 26
87.2%
Q3 25
-207.0%
Q2 25
-243.1%
Q1 25
-107.8%
55.0%
Q3 24
-1426.4%
Q2 24
-370.3%
Q1 24
-397.4%
Q4 23
-588.7%
EPS (diluted)
BNZI
BNZI
NRT
NRT
Q1 26
Q3 25
$-1.64
Q2 25
$-4.08
Q1 25
$-0.15
Q3 24
$-48.73
Q2 24
$-14.09
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
NRT
NRT
Cash + ST InvestmentsLiquidity on hand
$851.4K
$3.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.4M
Total Assets
$33.0M
$3.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNZI
BNZI
NRT
NRT
Q1 26
$3.9M
Q3 25
$851.4K
Q2 25
$2.3M
Q1 25
$780.8K
Q3 24
$4.3M
Q2 24
$471.7K
Q1 24
$1.0M
Q4 23
$2.1M
Stockholders' Equity
BNZI
BNZI
NRT
NRT
Q1 26
Q3 25
$5.4M
Q2 25
$3.0M
Q1 25
$2.9M
Q3 24
$-22.8M
Q2 24
$-31.8M
Q1 24
$-30.8M
Q4 23
Total Assets
BNZI
BNZI
NRT
NRT
Q1 26
$3.9M
Q3 25
$33.0M
Q2 25
$34.7M
Q1 25
$33.7M
Q3 24
$7.3M
Q2 24
$3.8M
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
NRT
NRT
Operating Cash FlowLast quarter
$-4.4M
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
NRT
NRT
Q1 26
Q3 25
$-4.4M
Q2 25
$-4.0M
Q1 25
$-5.0M
Q3 24
$-1.6M
Q2 24
$-1.7M
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%

NRT
NRT

Segment breakdown not available.

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