The latest financial statement is for the quarter ending 2026-03-31.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| 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 | - | 18,940 | - | 18,606 |
| Non-cash financing expense related to issuance of common stock | - | 2,767 | - | - |
| Non-cash financing expense related to issuance of warrants | - | 1,073 | - | - |
| Income taxes payable | - | - | - | -280 |
| Accounts receivable, net | - | - | - | 1,255 |
| Allowance for credit losses | - | 557 | - | - |
| Accounts payable and accrued liabilities | - | - | - | -6,964 |
| Change in fair value of legacy blaize convertible notes and warrants | - | 226,048 | - | - |
| Change in fair value of polar warrants | - | -64,470 | - | 60,345 |
| 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 | - | - |
| Net loss | - | - | - | -177,350 |
| Inventories, net | - | 1,896 | - | -327 |
| Other | - | - | - | 43 |
| Prepaid expenses and other current assets-Nonrelated Party | - | -10,116 | - | - |
| Noncash lease expense | - | - | - | 310 |
| Prepaid expenses and other current assets-Related Party | - | -250 | - | - |
| Prepaid expenses and other current assets | - | - | - | -19,066 |
| Accounts payable and accrued expenses-Nonrelated Party | - | -8,007 | - | - |
| Other liabilities | - | - | - | -336 |
| Accounts payable and accrued expenses-Related Party | - | 511 | - | - |
| Other assets | - | - | - | 301 |
| Accrued trade payables | - | 22,838 | - | - |
| Operating lease liabilities | - | -413 | - | -314 |
| Other current liabilities | - | -360 | - | - |
| Allowance for credit losses-Nonrelated Party | - | 523 | - | - |
| Depreciation and amortization | - | - | - | 647 |
| Allowance for credit losses-Related Party | - | 34 | - | - |
| Deferred income taxes | - | -315 | - | -53 |
| Accrued loss on purchase commitments | - | - | - | 2 |
| Accrued compensation | - | - | - | 237 |
| Accounts receivable - related party, net | - | - | - | 1,841 |
| Change in fair value of unissued shares | - | - | - | -300 |
| Change in fair value of earnout share liabilities | - | - | - | 109,261 |
| Change in fair value of convertible notes | - | - | - | 165,703 |
| Depreciation | - | 1,195 | - | - |
| 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 | - | 0 | 503 | - |
| Proceeds from the sale of common stock to polar, net of offering expenses | - | 27,902 | - | - |
| Payment of deferred offering costs | 0 | 11,990 | 0 | -4,332 |
| Repayment of advances from related party | - | - | 0 | 114 |
| Repayment of advances from related party and short-term demand notes-Related Party | - | 114 | - | - |
| Proceeds from sale of common stock | - | 13,226 | 20,024 | - |
| Payment of committed equity facility transaction costs | - | - | 200 | - |
| Repayment of advances from related party and short-term demand notes-Nonrelated Party | - | 0 | - | - |
| Proceeds from exercise of stock options | 58 | 327 | 18 | - |
| Proceeds from legacy blaize convertible notes | - | 0 | - | - |
| Cash provided by (used in) financing activities | 58 | 38,328 | 20,345 | 11,428 |
| Net change in cash, cash equivalents and restricted cash | - | 21,786 | - | - |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 121 | - | - | - |
| 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 | - |
| Cash, cash equivalents and restricted cash at end of period | 33,483 | 46,050 | 24,264 | - |
Blaize Holdings, Inc. (BZAIW)
Blaize Holdings, Inc. (BZAIW)