Blaize Holdings, Inc.
Business
Blaize Holdings, Inc. develops purpose-built AI-enabled computing solutions combining proprietary hardware (GSP accelerator and compute cards) and software (AI Studio, SDK) with complementary third-party servers for AI inference processing at the edge and data center. The company offers hardware products, software development tools, and strategic consulting services. Revenue is currently derived primarily from hardware and software sales to a concentrated customer base, with manufacturing outsourced to Samsung Foundry and contract manufacturers in Asia and Malaysia.
Summary from 10-K filed 2026-03-24
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Total revenue | 39 | 2 | — | — | |
| Cost of revenue | 32 | 579,000 | — | — | |
| Gross Profit | 6 | 975,000 | — | — | |
| Research and development | 43 | 25 | — | — | |
| Depreciation | 1 | 886,000 | — | — | |
| Transaction costs | 12 | 217,000 | — | — | |
| Total operating expenses | 110 | 49 | — | — | |
| Loss from operations | −104 | −48 | −3 | −2 | |
| Change in fair value of Legacy Blaize convertible notes and warrants | −226 | −16 | — | — | |
| Change in fair value of other earnout shares | 117 | 0 | — | — | |
| Change in fair value of Polar warrants | 4 | 0 | — | — | |
| Change in fair value of committed equity facility, net | 1 | 0 | — | — | |
| Change in fair value of unissued shares of common stock | −238,000 | 0 | — | — | |
| Other, net | 992,000 | 1 | — | — | |
| Total other expense, net | −103 | −15 | 6 | 4 | |
| Loss before income taxes | −207 | −62 | 2 | 2 | |
| Provision for (benefit from) income taxes | 217,000 | −952,000 | −1 | −791,758 | |
| Net loss | −207 | −61 | 1 | 2 | |
| Net loss per share. basic (in dollars per share) | −1.98 | −3.5 | — | — | |
| Net loss per share. diluted (in dollars per share) | −1.98 | −3.5 | — | — | |
| Weighted average shares outstanding, basic (in shares) | 104 | 17 | — | — | |
| Weighted average shares outstanding, diluted (in shares) | 104 | 17 | — | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|
| Other Liability, Current, Related Party [Extensible Enumeration] | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Noncash lease expense | 688,000 | 649,000 | — | — | |
| Debt financing charge on Legacy Blaize convertible notes | 0 | 464,000 | — | — | |
| Stock-based compensation | 38 | 4 | — | — | |
| Non-cash financing expense related to issuance of common stock | 3 | 0 | — | — | |
| Non-cash financing expense related to issuance of warrants | 1 | 0 | — | — | |
| Allowance for credit losses | 557,000 | 420,000 | — | — | |
| Deferred income taxes | −368,000 | −1 | — | — | |
| Change in fair value of Legacy Blaize convertible notes and warrants | 226 | 16 | — | — | |
| Change in fair value of unissued shares of common stock | 238,000 | 0 | — | — | |
| Inventories, net | −2 | −2 | — | — | |
| Accrued trade payables | 23 | 0 | — | — | |
| Operating lease liabilities | −727,000 | −616,000 | — | — | |
| Other current liabilities | −360,000 | 402,000 | — | — | |
| Net cash used in operating activities | −74 | −54 | −2 | −1 | |
| Purchases of property and equipment | −788,000 | −902,000 | — | — | |
| Net cash used in investing activities | −788,000 | −902,000 | 230 | — | |
| Merger and PIPE financing, net of transaction costs | 16 | 0 | — | — | |
| Funds held in escrow | 503,000 | 0 | — | — | |
| Proceeds from the sale of common stock to Polar, net of offering expenses | 28 | 0 | — | — | |
| Payment of deferred offering costs | −8 | −4 | — | — | |
| Proceeds from sale of common stock | 33 | 0 | — | — | |
| Proceeds from exercise of stock options | 345,000 | 98,000 | — | — | |
| Proceeds from Legacy Blaize convertible notes | 0 | 111 | 810,345 | — | |
| Cash provided by (used in) financing activities | 70 | 102 | −227 | −144,746 | |
| Net change in cash, cash equivalents and restricted cash | −4 | 47 | — | — | |
| Total cash paid for taxes, net of refunds | 337,000 | 223,000 | 791,758 | — | |
| Cash paid for interest | 0 | 245,000 | — | — | |
| Conversion of Legacy Blaize convertible notes to common stock | 314 | 0 | — | — | |
| Net exercise of Legacy Blaize warrants for common stock | 75 | 0 | — | — | |
| Redemption of common shares with cash held in escrow | 33 | 0 | — | — | |
| Capitalized deferred offering costs included in accounts payable and accrued expenses and other current liabilities | 0 | 7 | — | — | |
| Issuance of Legacy Blaize warrants with Legacy Blaize convertible notes | 0 | 5 | — | — | |
| Reversal of excise tax accrual to additional paid-in-capital | 3 | 0 | — | — | |
| Property and equipment acquired in accounts payable and accrued expenses | 0 | 510,000 | — | — | |
| Operating lease asset obtained in exchange for new operating lease liabilities | 431,000 | 0 | — | — | |
| Issuance of warrants for professional services | 167,000 | 0 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Blaize Holdings, Inc.'s CIK number?
Blaize Holdings, Inc.'s SEC CIK number is 0001871638 (1871638). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Blaize Holdings, Inc.'s SEC filings?
All of Blaize Holdings, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Blaize Holdings, Inc. last report earnings?
Blaize Holdings, Inc. (BZAI) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001871638-26-000030). This is Blaize Holdings, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Blaize Holdings, Inc.'s most recent earnings 8-K?
Blaize Holdings, Inc.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001871638-26-000030. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Blaize Holdings, Inc.'s latest earnings 8-K →
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