Blaize Holdings, Inc.

BZAI

BZAIBlaize Holdings, Inc. US flag

NASDAQ Global Market

1.83

USD

+0.04

- -

204.61MMarket Cap

Income Statement (USD)

API Chat

	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	4	- -	2	39
+ Sales & Services Revenue	4	- -	2	39
- Cost of Revenue	3	4	1	32
+ Cost of Goods & Services	3	4	1	32
Gross Profit	1	- -	1	6
+ Other Operating Income	- -	- -	- -	- -
- Operating Expenses	48	3	48	98
+ Selling, General & Admin	16	17	22	54
+ Research & Development	24	18	25	43
+ Other Operating Expense	8	-32	1	1
Operating Income (Loss)	-47	-3	-47	-92
- Non-Operating (Income) Loss	57	-6	15	115
+ Interest Expense, Net	57	33	-2	- -
+ Interest Expense	57	39	- -	- -
- Interest Income	- -	6	2	- -
+ Other Non-Op (Income) Loss	- -	-39	17	115
Pretax Income	-104	2	-62	-207
- Income Tax Expense (Benefit)	1	1	-1	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -
Income (Loss) from Cont Ops	-105	1	-61	-207
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -
Income (Loss) Incl. MI	-105	1	-61	-207
- Minority Interest	- -	- -	- -	- -
Net Income, GAAP	-105	1	-61	-207
- Preferred Dividends	2	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-106	1	-61	-207
EBIT	-47	-3	-47	-92
EBITDA	-44	-1	-47	-91
EBITDA Margin (%)	-1,150.85	- -	-2,994.34	-234.53
EBITA	-47	-3	-47	-92
Gross Margin (%)	20.98	- -	62.74	16.03
Operating Margin (%)	-1,222.47	- -	-3,051.35	-237.62
Profit Margin (%)	-2,724.03	- -	-3,937.9	-535.58
Sales per Employee	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -
Depreciation Expense	3	2	1	1
Basic Weighted Avg Shares	102	102	102	104
Basic EPS, GAAP	-1.05	0.01	-0.6	-1.98
Basic EPS from Cont Ops	-1.03	0.01	-0.6	-1.98
Diluted Weighted Avg Shares	102	102	102	104
Diluted EPS, GAAP	-1.05	0.01	-0.6	-1.98
Diluted EPS from Cont Ops	-1.03	0.01	-0.6	-1.98

Balance Sheet (USD)

API Chat

	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	13	26	72	97
+ Cash, Cash Equivalents & STI	5	- -	50	46
+ Cash & Cash Equivalents	5	- -	50	46
+ ST Investments	- -	- -	- -	- -
+ Accounts & Notes Receiv	2	- -	- -	37
+ Accounts Receivable, Net	2	- -	- -	37
+ Notes Receivable, Net	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -
+ Inventories	4	7	9	10
+ Raw Materials	3	5	7	6
+ Work In Process	1	2	1	2
+ Finished Goods	- -	- -	- -	2
+ Inventory Adjustments	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -
+ Other ST Assets	1	19	13	4
+ Misc ST Assets	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -
Total Noncurrent Assets	7	47	7	6
+ Property, Plant & Equip, Net	5	4	4	3
+ Property, Plant & Equip	22	22	19	18
- Accumulated Depreciation	17	19	15	15
+ LT Investments & Receivables	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -
+ Other LT Assets	2	43	3	3
+ Total Intangible Assets	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -
+ Misc LT Assets	2	43	3	3
Total Assets	19	73	78	102
+ Payables & Accruals	17	31	22	38
+ Accounts Payable	9	15	8	9
+ Accrued Taxes	1	4	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -
+ Other Payables & Accruals	7	12	14	30
+ ST Debt	1	1	164	2
+ ST Borrowings	- -	1	163	2
+ ST Finance Leases	1	1	1	1
+ Other ST Liabilities	3	- -	- -	3
+ Deferred Revenue	1	1	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -
+ Misc ST Liabilities	2	-1	- -	3
Total Current Liabilities	20	31	186	43
+ LT Debt	4	20	1	1
+ LT Borrowings	3	18	- -	- -
+ LT Finance Leases	1	2	1	1
+ Other LT Liabilities	66	-10	2	19
+ Accrued Liabilities	1	10	10	- -
+ Pension Liabilities	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -
+ Misc LT Liabilities	65	-20	-8	19
Total Noncurrent Liabilities	70	10	3	20
Total Liabilities	90	41	189	63
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -
+ Share Capital & APIC	210	47	319	675
+ Common Stock	- -	47	- -	- -
+ Additional Paid in Capital	210	- -	319	675
- Treasury Stock	- -	- -	- -	- -
+ Retained Earnings	-280	-16	-429	-636
+ Other Equity	- -	- -	- -	- -
Equity Before Minority Interest	-71	31	-110	39
+ Minority/Non Controlling Interest	- -	- -	- -	- -
Total Equity	-71	31	-110	39
Total Liabilities & Equity	19	73	78	102
Shares Outstanding	102	102	102	122
Number of Employees	- -	- -	- -	- -
Capital Leases - Total	2	2	2	1
Net Debt	-2	19	113	-44
Net Debt to Equity	2.51	60.59	-102.39	-113.54
Tangible Common Equity Ratio	-365.9	42.91	-140.73	38.16
Current Ratio	0.63	0.82	0.39	2.23
Cash Conversion Cycle	- -	- -	3,218.87	190.36

Cash Flow Statement (USD)

API Chat

	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-105	1	-61	-207
+ Depreciation & Amortization	3	2	1	1
+ Non-Cash Items	60	-8	20	146
+ Stock-Based Compensation	1	2	4	38
+ Deferred Income Taxes	- -	- -	-1	- -
+ Asset Impairment Charge	- -	- -	- -	- -
+ Other Non-Cash Adj	59	-10	17	109
+ Chg in Non-Cash Work Cap	2	2	-13	-14
+ (Inc) Dec in Accts Receiv	-2	1	- -	-37
+ (Inc) Dec in Inventories	-1	-2	-2	-2
+ (Inc) Dec in Prepaid Assets	- -	- -	-22	10
+ Inc (Dec) in Accts Payable	5	2	11	15
+ Inc (Dec) in Other	- -	1	- -	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Operating Activities	-40	-2	-54	-74
+ Change in Fixed & Intang	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	-1	-1
+ Acq of Fixed Prod Assets	- -	- -	-1	-1
+ Acq of Intangible Assets	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	-228	-3	28
+ Increase in Capital Stock	- -	- -	- -	28
+ Decrease in Capital Stock	- -	-228	-3	- -
+ Net Change in LT Investment	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -
+ Other Investing Activities	- -	230	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Investing Activities	- -	230	-1	-1
+ Dividends Paid	- -	- -	- -	- -
+ Net Cash From Debt	34	10	107	33
+ Cash From Debt	34	10	111	33
+ Repayments of Debt	- -	- -	-5	- -
+ Other Financing Activities	5	-9	-2	9
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Financing Activities	39	-227	102	70
Effect of Foreign Exchange Rates	- -	- -	- -	- -
Net Changes in Cash	-2	1	47	-4
EBITDA	-44	-1	-47	-91
EBITDA Margin (%)	-1,150.85	- -	-2,994.34	-234.53
Free Cash Flow	-41	-3	-54	-75
Net Cash Paid for Acquisitions	- -	- -	- -	- -
Free Cash Flow to Firm	- -	19	- -	- -
Free Cash Flow to Equity	- -	8	52	-41
Free Cash Flow per Basic Share	-0.4	-0.03	-0.54	-0.71
Price/Free Cash Flow	- -	- -	-28.95	-2.79
Cash Flow to Net Income	0.38	-1.74	0.87	0.36
Capital Expenditures	- -	- -	-1	-1