Blaize Holdings, Inc. (BZAI)
Blaize Holdings, Inc. (BZAI)
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Revenue | NaN | 38,632 | NaN | NaN |
| Cost of revenue | NaN | 32,438 | NaN | NaN |
| Employee costs | NaN | 69,090 | NaN | NaN |
| Technology costs | NaN | 6,327 | NaN | NaN |
| Depreciation | NaN | 1,195 | NaN | NaN |
| Interest income, net | NaN | 1,752 | NaN | NaN |
| Fair value changes and financing charges | NaN | 104,872 | NaN | NaN |
| Other items | NaN | 33,366 | NaN | NaN |
| Net loss | NaN | -206,904 | NaN | NaN |
| Noncash lease expense | NaN | 688 | NaN | NaN |
| Debt financing charge on legacy blaize convertible notes | NaN | 0 | NaN | NaN |
| Stock-based compensation | NaN | 18,940 | NaN | 18,606 |
| Non-cash financing expense related to issuance of common stock | NaN | 2,767 | NaN | NaN |
| Non-cash financing expense related to issuance of warrants | NaN | 1,073 | NaN | NaN |
| Income taxes payable | NaN | NaN | NaN | -280 |
| Accounts receivable, net | NaN | NaN | NaN | 1,255 |
| Allowance for credit losses | NaN | 557 | NaN | NaN |
| Accounts payable and accrued liabilities | NaN | NaN | NaN | -6,964 |
| Change in fair value of legacy blaize convertible notes and warrants | NaN | 226,048 | NaN | NaN |
| Change in fair value of polar warrants | NaN | -64,470 | NaN | 60,345 |
| Change in fair value of other earnout shares | NaN | 117,113 | NaN | NaN |
| Change in fair value of unissued shares of common stock | NaN | 238 | NaN | NaN |
| Change in fair value of committed equity facility, net | NaN | -1,210 | NaN | NaN |
| Accounts receivable, net-Nonrelated Party | NaN | 33,865 | NaN | NaN |
| Accounts receivable, net-Related Party | NaN | 3,330 | NaN | NaN |
| Net loss | NaN | NaN | NaN | -177,350 |
| Inventories, net | NaN | 1,896 | NaN | -327 |
| Other | NaN | NaN | NaN | 43 |
| Prepaid expenses and other current assets-Nonrelated Party | NaN | -10,116 | NaN | NaN |
| Noncash lease expense | NaN | NaN | NaN | 310 |
| Prepaid expenses and other current assets-Related Party | NaN | -250 | NaN | NaN |
| Prepaid expenses and other current assets | NaN | NaN | NaN | -19,066 |
| Accounts payable and accrued expenses-Nonrelated Party | NaN | -8,007 | NaN | NaN |
| Other liabilities | NaN | NaN | NaN | -336 |
| Accounts payable and accrued expenses-Related Party | NaN | 511 | NaN | NaN |
| Other assets | NaN | NaN | NaN | 301 |
| Accrued trade payables | NaN | 22,838 | NaN | NaN |
| Operating lease liabilities | NaN | -413 | NaN | -314 |
| Other current liabilities | NaN | -360 | NaN | NaN |
| Allowance for credit losses-Nonrelated Party | NaN | 523 | NaN | NaN |
| Depreciation and amortization | NaN | NaN | NaN | 647 |
| Allowance for credit losses-Related Party | NaN | 34 | NaN | NaN |
| Deferred income taxes | NaN | -315 | NaN | -53 |
| Accrued loss on purchase commitments | NaN | NaN | NaN | 2 |
| Accrued compensation | NaN | NaN | NaN | 237 |
| Accounts receivable - related party, net | NaN | NaN | NaN | 1,841 |
| Change in fair value of unissued shares | NaN | NaN | NaN | -300 |
| Change in fair value of earnout share liabilities | NaN | NaN | NaN | 109,261 |
| Change in fair value of convertible notes | NaN | NaN | NaN | 165,703 |
| Depreciation | NaN | 1,195 | NaN | NaN |
| Net cash used in operating activities | -12,630 | -16,510 | -24,917 | -32,373 |
| Purchases of property and equipment | 116 | 81 | 26 | 681 |
| Net cash used in investing activities | -116 | -81 | -26 | -681 |
| Merger and pipe financing, net of transaction costs | 0 | -1 | 0 | 15,874 |
| Funds held in escrow | NaN | 0 | 503 | NaN |
| Proceeds from the sale of common stock to polar, net of offering expenses | NaN | 27,902 | NaN | NaN |
| Payment of deferred offering costs | 0 | 11,990 | 0 | -4,332 |
| Repayment of advances from related party | NaN | NaN | 0 | 114 |
| Repayment of advances from related party and short-term demand notes-Related Party | NaN | 114 | NaN | NaN |
| Proceeds from sale of common stock | NaN | 13,226 | 20,024 | NaN |
| Payment of committed equity facility transaction costs | NaN | NaN | 200 | NaN |
| Repayment of advances from related party and short-term demand notes-Nonrelated Party | NaN | 0 | NaN | NaN |
| Proceeds from exercise of stock options | 58 | 327 | 18 | NaN |
| Proceeds from legacy blaize convertible notes | NaN | 0 | NaN | NaN |
| Cash provided by (used in) financing activities | 58 | 38,328 | 20,345 | 11,428 |
| Net change in cash, cash equivalents and restricted cash | NaN | 21,786 | NaN | NaN |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 121 | NaN | NaN | NaN |
| Net change in cash, cash equivalents and restricted cash | -12,567 | 21,786 | -4,598 | -21,626 |
| Cash, cash equivalents and restricted cash at beginning of period | 46,050 | 24,264 | 50,488 | NaN |
| Cash, cash equivalents and restricted cash at end of period | 33,483 | 46,050 | 24,264 | NaN |