The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 |
|---|---|
| Revenue | 38,632 |
| Cost of revenue | 32,438 |
| Employee costs | 69,090 |
| Technology costs | 6,327 |
| Depreciation | 1,195 |
| Interest income, net | 1,752 |
| Fair value changes and financing charges | 104,872 |
| Other items | 33,366 |
| Net loss | -206,904 |
| Noncash lease expense | 688 |
| Debt financing charge on legacy blaize convertible notes | 0 |
| Stock-based compensation | 37,546 |
| Non-cash financing expense related to issuance of common stock | 2,767 |
| Non-cash financing expense related to issuance of warrants | 1,073 |
| Allowance for credit losses | 557 |
| Change in fair value of legacy blaize convertible notes and warrants | 226,048 |
| Change in fair value of polar warrants | -4,125 |
| Change in fair value of other earnout shares | 117,113 |
| Change in fair value of unissued shares of common stock | 238 |
| Change in fair value of committed equity facility, net | -1,210 |
| Accounts receivable, net-Nonrelated Party | 33,865 |
| Accounts receivable, net-Related Party | 3,330 |
| Inventories, net | 1,569 |
| Prepaid expenses and other current assets-Nonrelated Party | -10,116 |
| Prepaid expenses and other current assets-Related Party | -250 |
| Accounts payable and accrued expenses-Nonrelated Party | -8,007 |
| Accounts payable and accrued expenses-Related Party | 511 |
| Accrued trade payables | 22,838 |
| Operating lease liabilities | -727 |
| Other current liabilities | -360 |
| Allowance for credit losses-Nonrelated Party | 523 |
| Allowance for credit losses-Related Party | 34 |
| Deferred income taxes | -368 |
| Depreciation | 1,195 |
| Net Cash Provided By Used In Operating Activities | -73,800 |
| Purchases of property and equipment | 788 |
| Net cash used in investing activities | -788 |
| Merger and pipe financing, net of transaction costs | 15,873 |
| Funds held in escrow | 503 |
| Proceeds from the sale of common stock to polar, net of offering expenses | 27,902 |
| Payment of deferred offering costs | 7,658 |
| Repayment of advances from related party and short-term demand notes-Related Party | 114 |
| Proceeds from sale of common stock | 33,250 |
| Repayment of advances from related party and short-term demand notes-Nonrelated Party | 0 |
| Proceeds from exercise of stock options | 345 |
| Proceeds from legacy blaize convertible notes | 0 |
| Net Cash Provided By Used In Financing Activities | 70,101 |
| Net change in cash, cash equivalents and restricted cash | -4,438 |
| Net change in cash, cash equivalents and restricted cash | -4,438 |
| Cash, cash equivalents and restricted cash at beginning of period | 50,488 |
| Cash, cash equivalents and restricted cash at end of period | 46,050 |
Blaize Holdings, Inc. (BZAI)
Blaize Holdings, Inc. (BZAI)