Banzai International, Inc. (NASDAQ: BNZI), a leading marketing technology company that provides essential marketing and sales solutions, today announced that it has paid off approximately $10.7 million of outstanding debt obligations year to date through August 31, 2025, and $32.7 million since September 2024.
The Seattle-based company completed the debt repayment pursuant to the $24.8 million debt payoff and restructuring agreements announced on September 24, 2024. On April 7, 2025, Banzai announced it had paid off ahead of schedule approximately $20.3 million of outstanding debt obligations in total through the first quarter of 2025. Payments now include complete satisfaction of debts owed to a number of key parties, as well as partial satisfaction of debts to additional parties.
“Throughout 2025 we have been highly focused on debt elimination initiatives to satisfy our outstanding obligations to several key vendors and creditors, positioning us for sustainable profitability in the future,” said CEO Joe Davy.
“As we continue execute on our repayments ahead of schedule, we have seen meaningful improvements to both net income and shareholders’ equity. Through the second quarter, we accomplished a $35 million year-over-year improvement in stockholders’ equity to a positive $3.2 million as of June 30, 2025.
“Through August 31, we made further progress, bringing our total debt elimination to $32.7 million. We believe these efforts will continue to improve our financial strength, balance sheet and flexibility as we move forward on our acquisition strategy and organic growth initiatives to support future growth and create long term shareholder value.”
BNZI shares were lower early in Friday’s session by 35.5 cents, or 12.6%, to $2.46.
