Revenue minus cost of goods sold. Graham's ≥40% threshold identifies businesses with durable pricing power. Note: software and financial companies naturally exceed this; retailers and manufacturers rarely reach it due to their cost structures.
Operating Margin-193.0%
Profit after operating costs before interest and taxes. A consistent ≥15% operating margin signals a business with real competitive advantages. Capital-intensive industries (airlines, auto, commodities) rarely hit this threshold due to their structural cost base — compare within industry for context.
Net Income Margin-218.4%
Bottom-line profit as a percentage of revenue. The ≥20% target reflects Buffett's preference for highly profitable businesses. Financial engineering (buybacks, tax optimisation) can inflate this temporarily — look for consistency across multiple years rather than a single strong result.
Financial Health
F
Years to Pay Off Debt-1.4 yrs
Total Debt ÷ Net Income. Lower = stronger balance sheet. Important caveat: utilities, telecoms, REITs, and infrastructure companies carry large structural debt by design — their bond-like cash flows service it comfortably at ratios that would alarm Graham. Compare within sector.
Working Capital vs Long-Term Debt-$16M
Working Capital minus Long-Term Debt. Negative results are common and expected in capital-return-focused businesses like Apple, Domino's, and McDonald's — where aggressive buybacks and dividends intentionally reduce book equity. This does not indicate financial distress in high-FCF businesses.
Working Capital-$16M
Current Assets minus Current Liabilities. Negative working capital can be a deliberate efficiency strategy in businesses that collect cash before paying suppliers (retailers, fast food franchises, subscription businesses). Assess alongside free cash flow generation for full context.
Valuation
A
Price-to-Book0.27x
Market price vs book value per share. Rarely below 1.5x for quality businesses today. Intangible assets (brand, software, patents) don't appear on the balance sheet under accounting rules, making P/B artificially high for asset-light companies like software and consumer brands.
Cash Flow
F
Free Cash Flow-$4M
Operating cash flow minus capital expenditures. Buffett's most important metric — cash a business actually generates for its owners after maintaining and growing its asset base. Consistently positive FCF is one of the strongest indicators of a durable, well-run business regardless of accounting profits.
About Banzai International, Inc.
Banzai International, Inc., a marketing technology company, provides data-driven marketing and sales solutions for various businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Banzai Operating Co., Inc; OpenReel; and Vidello. The company's software-as-a-service products include OpenReel, an AI-powered video creation platform to remotely record, edit, host, and share videos from any location; CreateStudio, a video animation and editing software for an intuitive drag-and-drop interface; and Vidello, a video hosting and marketing platform designed to help businesses manage, customize, and optimize their video content. It offers Demio, a browser-based webinar platform for businesses to businesses create, host, and manage both live and automated webinars; Boost, an add-on product integrated with Demio that helps customers increase webinar attendance by turning existing registrants into advocates; Reach, a targeted outreach tool that helps customers boost demand generation campaigns by connecting directly with ideal audience; and Curate by Banzai is an AI-driven newsletter platform designed to help brands to grow their audience through automated targeted newsletters. In addition, the company offers Photo Vibrance, transform static images into dynamic visuals; and Twinkle, enhance video content with royalty-free audio. It serves healthcare, financial services, e-commerce, technology, media, and other industries. Banzai International, Inc. was founded in 2015 and is based in Bainbridge Island, Washington.
Banzai International, Inc., a marketing technology company, provides data-driven marketing and sales solutions for various businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Banzai Operating Co., Inc; OpenReel; and Vidello. The company's software-as-a-service products include OpenReel, an AI-powered video creation platform to remotely record, edit, host, and share videos from any location; CreateStudio, a video animation and editing software for an intuitive drag-and-drop interface; and Vidello, a video hosting and marketing platform designed to help businesses manage, customize, and optimize their video content. It offers Demio, a browser-based webinar platform for businesses to businesses create, host, and manage both live and automated webinars; Boost, an add-on product integrated with Demio that helps customers increase webinar attendance by turning existing registrants into advocates; Reach, a targeted outreach tool that helps customers boost demand generation campaigns by connecting directly with ideal audience; and Curate by Banzai is an AI-driven newsletter platform designed to help brands to grow their audience through automated targeted newsletters. In addition, the company offers Photo Vibrance, transform static images into dynamic visuals; and Twinkle, enhance video content with royalty-free audio. It serves healthcare, financial services, e-commerce, technology, media, and other industries. Banzai International, Inc. was founded in 2015 and is based in Bainbridge Island, Washington.
Metric Explanations
What each dimension measures and where the thresholds come from.
Gross Profit Margin
Revenue minus cost of goods sold. Graham's ≥40% threshold identifies businesses with durable pricing power. Note: software and financial companies naturally exceed this; retailers and manufacturers rarely reach it due to their cost structures.
Operating Margin
Profit after operating costs before interest and taxes. A consistent ≥15% operating margin signals a business with real competitive advantages. Capital-intensive industries (airlines, auto, commodities) rarely hit this threshold due to their structural cost base — compare within industry for context.
Net Income Margin
Bottom-line profit as a percentage of revenue. The ≥20% target reflects Buffett's preference for highly profitable businesses. Financial engineering (buybacks, tax optimisation) can inflate this temporarily — look for consistency across multiple years rather than a single strong result.
Years to Pay Off Debt
Total Debt ÷ Net Income. Lower = stronger balance sheet. Important caveat: utilities, telecoms, REITs, and infrastructure companies carry large structural debt by design — their bond-like cash flows service it comfortably at ratios that would alarm Graham. Compare within sector.
Working Capital vs Long-Term Debt
Working Capital minus Long-Term Debt. Negative results are common and expected in capital-return-focused businesses like Apple, Domino's, and McDonald's — where aggressive buybacks and dividends intentionally reduce book equity. This does not indicate financial distress in high-FCF businesses.
Working Capital
Current Assets minus Current Liabilities. Negative working capital can be a deliberate efficiency strategy in businesses that collect cash before paying suppliers (retailers, fast food franchises, subscription businesses). Assess alongside free cash flow generation for full context.
Price-to-Book
Market price vs book value per share. Rarely below 1.5x for quality businesses today. Intangible assets (brand, software, patents) don't appear on the balance sheet under accounting rules, making P/B artificially high for asset-light companies like software and consumer brands.
Free Cash Flow
Operating cash flow minus capital expenditures. Buffett's most important metric — cash a business actually generates for its owners after maintaining and growing its asset base. Consistently positive FCF is one of the strongest indicators of a durable, well-run business regardless of accounting profits.
Net Income From Continuing Operation Net Minority Interest
-4,965
-5,032
Reconciled Depreciation
310
308
Reconciled Cost Of Revenue
443
509
EBITDA
-4,405
-3,680
EBIT
-4,715
-3,989
Net Interest Income
-487
-1,094
Interest Expense
331
1,096
Interest Income
3
2
Normalized Income
-5,035
-3,879
Net Income From Continuing And Discontinued Operation
-4,965
-5,032
Total Expenses
6,659
7,098
Total Operating Income As Reported
-4,386
-4,287
Diluted Average Shares
1,627
Basic Average Shares
1,627
Diluted EPS
0
Basic EPS
0
Diluted NI Availto Com Stockholders
-4,965
-5,032
Net Income Common Stockholders
-4,965
-5,032
Net Income
-4,965
-5,032
Net Income Including Noncontrolling Interests
-4,965
-5,032
Net Income Continuous Operations
-4,965
-5,032
Tax Provision
-81
-52
Pretax Income
-5,046
-5,084
Other Income Expense
-173
297
Other Non Operating Income Expenses
-244
1,462
Special Income Charges
663
-1,606
Other Special Charges
-663
1,606
Restructuring And Mergern Acquisition
0
Gain On Sale Of Security
-592
441
Net Non Operating Interest Income Expense
-487
-1,094
Total Other Finance Cost
159
0
Interest Expense Non Operating
331
1,096
Interest Income Non Operating
3
2
Operating Income
-4,386
-4,287
Operating Expense
6,209
6,589
Depreciation Amortization Depletion Income Statement
303
309
Depreciation And Amortization In Income Statement
303
309
Depreciation Income Statement
Selling General And Administration
5,906
6,281
General And Administrative Expense
5,906
6,281
Other Gand A
5,906
6,281
Gross Profit
1,823
2,302
Cost Of Revenue
450
509
Total Revenue
2,273
2,811
Operating Revenue
2,273
2,811
Balance Sheet
2026
2025
2024
Ordinary Shares Number
2,691
527
Share Issued
2,691
527
Net Debt
6,079
10,311
Total Debt
6,767
10,627
Tangible Book Value
-17,196
-21,964
Invested Capital
18,955
18,625
Working Capital
-16,217
-20,957
Net Tangible Assets
-17,196
-21,964
Capital Lease Obligations
42
57
Common Stock Equity
12,230
8,055
Total Capitalization
12,230
8,055
Total Equity Gross Minority Interest
12,230
8,055
Stockholders Equity
12,230
8,055
Gains Losses Not Affecting Retained Earnings
-61
-85
0
Other Equity Adjustments
-61
-85
Retained Earnings
-114,154
-100,772
Additional Paid In Capital
126,445
108,911
Capital Stock
0
1
Common Stock
0
1
Total Liabilities Net Minority Interest
19,071
23,577
Total Non Current Liabilities Net Minority Interest
1,057
1,206
Non Current Deferred Liabilities
1,046
1,172
Non Current Deferred Revenue
101
94
Non Current Deferred Taxes Liabilities
945
1,078
Long Term Debt And Capital Lease Obligation
11
34
Long Term Capital Lease Obligation
11
34
Current Liabilities
18,014
22,371
Other Current Liabilities
2,352
1,511
Current Deferred Liabilities
3,647
4,220
Current Deferred Revenue
3,078
3,643
Current Deferred Taxes Liabilities
569
578
Current Debt And Capital Lease Obligation
6,756
10,593
Current Capital Lease Obligation
31
23
Current Debt
6,725
10,570
Other Current Borrowings
5,236
7,979
Current Notes Payable
1,489
2,591
Payables And Accrued Expenses
5,259
6,046
Current Accrued Expenses
2,385
3,078
Payables
2,874
2,969
Dueto Related Parties Current
0
167
Total Tax Payable
408
474
Accounts Payable
2,466
2,494
Total Assets
31,301
31,632
Total Non Current Assets
29,504
30,218
Other Non Current Assets
4
4
Non Current Deferred Assets
32
122
Non Current Deferred Taxes Assets
Financial Assets
0
9
Goodwill And Other Intangible Assets
29,426
30,019
Other Intangible Assets
7,434
8,027
Goodwill
21,992
21,992
Net PPE
42
64
Accumulated Depreciation
-5
-31
Gross PPE
42
69
Other Properties
42
56
Machinery Furniture Equipment
13
34
Current Assets
1,797
1,413
Other Current Assets
41
0
Prepaid Assets
683
432
Receivables
427
722
Other Receivables
28
13
Accounts Receivable
399
709
Allowance For Doubtful Accounts Receivable
-6
-41
Gross Accounts Receivable
405
751
Cash Cash Equivalents And Short Term Investments
646
259
Cash And Cash Equivalents
646
259
Cash Financial
646
259
Cash Flow
2026
2025
2024
Free Cash Flow
-3,865
-2,290
Repayment Of Debt
-1,523
-3,735
Issuance Of Debt
1,090
2,098
Issuance Of Capital Stock
4,808
4,457
Interest Paid Supplemental Data
998
Income Tax Paid Supplemental Data
2
End Cash Position
646
259
Beginning Cash Position
137
851
Effect Of Exchange Rate Changes
-1
-5
Changes In Cash
510
-587
Financing Cash Flow
4,375
1,705
Cash Flow From Continuing Financing Activities
4,375
1,705
Proceeds From Stock Option Exercised
0
-1,115
Net Common Stock Issuance
4,808
4,457
Common Stock Issuance
4,808
4,457
Net Issuance Payments Of Debt
-433
-1,637
Net Short Term Debt Issuance
519
11,787
Short Term Debt Payments
-571
9,689
Short Term Debt Issuance
1,090
2,098
Net Long Term Debt Issuance
-952
-440
Long Term Debt Payments
-952
Long Term Debt Issuance
1,782
Investing Cash Flow
0
-2
Cash Flow From Continuing Investing Activities
0
-2
Net Business Purchase And Sale
0
0
Purchase Of Business
0
0
Operating Cash Flow
-3,865
-2,290
Cash Flow From Continuing Operating Activities
-3,865
-2,290
Change In Working Capital
-607
960
Change In Other Working Capital
-566
-251
Change In Other Current Liabilities
-7
29
Change In Other Current Assets
0
10
Change In Payables And Accrued Expense
-426
853
Change In Accrued Expense
79
358
Change In Payable
-505
494
Change In Account Payable
-505
494
Change In Prepaid Assets
103
161
Change In Receivables
289
159
Changes In Account Receivables
289
159
Other Non Cash Items
495
4,092
Stock Based Compensation
1,171
922
Unrealized Gain Loss On Investment Securities
-765
-1,722
Provisionand Write Offof Assets
-20
-64
Depreciation Amortization Depletion
310
308
Depreciation And Amortization
310
308
Depreciation
310
308
Operating Gains Losses
516
-1,755
Gain Loss On Investment Securities
-1,415
-164
Net Income From Continuing Operations
-4,965
-5,032
📊Quarterly mode — Graham Fair Value & 7 Criteria require annual data. Switch to Annual for full analysis.
Quarter vs Same Quarter Last Year
YoY strips seasonality
Revenue Growth (YoY)
Prior year: $3M▼ $2M-27.3%
Revenue growth vs same quarter last year strips seasonality. Consistent double-digit growth is a Buffett hallmark.
Gross Margin
Prior year: 82.3%▼ 80.2%-2.1pp
Buffett: consistent gross margin above 40% signals durable pricing power and competitive moat.
Operating Margin
Prior year: -140.3%▲ -193.0%-52.7pp
Graham: operating margin reflects true business economics before financing. Trend matters as much as level.
Net Margin
Prior year: -253.5%▲ -218.4%+35.1pp
Net margin can be distorted by one-time items, tax timing, or interest costs — compare to operating margin for signal quality.
Quarterly Health Checks
3 Graham/Buffett criteria that are valid and reliable on quarterly data
❌ Adequate Size
Graham required scale for resilience. Quarterly revenue × 4 gives an annualised proxy.
$2M/qtr (≈$9M ann.)
vs > $1.5B annualised revenue
❌ Financial Condition
Current assets vs current liabilities — a real-time liquidity snapshot. Valid and reliable on quarterly data.
0.10x current ratio
vs ≥ 2.0x
❌ Free Cash Flow
Buffett's most important single metric. A positive FCF quarter means the business generated real cash for owners after maintaining its asset base.
-$4M
vs Positive
Operating Cash Flow
-$4M
Latest quarter · Buffett's cash reality check
ROIC
-26.1%
Based on latest annual operating income
Return on Invested Capital — Buffett's preferred measure for asset-light businesses. ROIC > 15% consistently signals a durable competitive advantage (moat). More meaningful than P/B for software, pharma, and consumer brand companies where most value is intangible and off-balance-sheet.
Market Cap / Net Assets
0.3x
Net Assets: $12M
Asset Context — Software - Application
Software companies store most of their value in code, IP, recurring revenue, and customer relationships — none of which appear on the balance sheet under GAAP. Book value and Net Assets are poor proxies for intrinsic value here. Focus on ROIC, gross margin trajectory, and free cash flow instead.
Peers & Industry
No auto-detected peers for Software - Application. You can manually compare PARA against any stock using the Compare tool.
"The management of a business is its most important single factor — more important than market position, patents, or financial structure."
— Benjamin Graham
Capital Allocation & Alignment
Insider Ownership
2.13%
Low — management has little skin in the game
Return on Equity (ROE)
-40.6%
Weak — poor returns on equity
Return on Assets (ROA)
-15.9%
Poor — assets are not generating adequate returns
Debt Trend YoY
-31.5% YoY
Debt is declining — management is deleveraging
Leadership Team
Joseph Davy
Co-Founder, Chairman & CEO
Age 36
Pay: $483,437
Larry Dean Ditto Jr.
Chief Financial Officer
Age 58
Pay: $292,701
David Abrams
President & GM of Vidello
Matt McCurdy
President & GM of Banzai
Jonti McLaren
President & GM of ConnectAndSell
Top Institutional Holders
Institution
% Owned
Shares
UBS Group AG
1.55%
54,361
Geode Capital Management, LLC
0.38%
13,290
Vanguard Capital Management LLC
0.36%
12,663
HRT Financial LP
0.34%
12,005
Vanguard Fiduciary Trust Co
0.18%
6,308
Tower Research Capital LLC (TRC)
0.05%
1,664
Global Retirement Partners, LLC
0.03%
1,000
National Bank of Canada/FI/
0.02%
840
⚠️Current ratio below 1 — liquidity risk
Risk Analysis
Beta (Market Risk)
-1.07
Defensive — moves inversely to the market
Short Interest
12.3% of float
Moderate short interest
Debt-to-Equity
0.55x
Conservative balance sheet — low financial risk
Current Ratio
0.10x
Weak liquidity — current liabilities exceed current assets
52-Week Price Range
Low: $0.90Current: $0.92High: $79.60
Currently at 0% of 52-week range
Banzai International, Inc. (PARA) fundamental analysis — Overall grade F based on profitability, financial health, valuation and cash flow. Graham's
Fair Value: N/A (negative EPS). Gross profit margin: 80.2%. Operating margin: -193.0%. Net margin: -218.4%. Market cap: $3M. Sector: Technology. Industry: Software - Application. Analysis powered by 360investing — free fundamental stock analysis based on Benjamin Graham and Warren Buffett
principles.
Disclaimer: 360investing is provided for informational and educational purposes only and does not constitute financial, investment, legal, or tax advice. All data is sourced from public third-party providers
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