Blaize Holdings, Inc.

For the period ended Dec 31, 2025. Filed Mar 24, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 24, 2026

BZAI$0.20-2.5%Stored close · as of Nov 9, 2026

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Contents

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

	Page
Report of Independent Registered Public Accounting Firm (PCAOB ID 1195)	55
Consolidated Balance Sheets	56
Consolidated Statements of Operations	57
Consolidated Statements of Cash Flows	59
Consolidated Statements of Changes in Stockholders’ Equity (Deficit)	58
Notes to Consolidated Financial Statements
Note 1 — Organization and Description of Business	61
Note 2 — Liquidity and Going Concern	62
Note 3 — Summary of Significant Accounting Policies	63
Note 4 — Revenue and Accounts Receivable	70
Note 5 — Fair Value Measurements and Derivative Instruments	72
Note 6 — Financial Statement Details	76
Note 7 — Income Taxes	77
Note 8 — Leases and Geographic Location of ROU Assets	80
Note 9 — Property and Equipment Details and Geographic Location	81
Note 10 — Financial Instruments Existing Prior to the Merger	82
Note 11 — Common Stock, Currently Outstanding Warrants to Purchase Common Stock, and Earnout Shares	83
Note 12 — Stock Based Compensation	87
Note 13 — Net Loss per Share of Common Stock	90
Note 14 — Segment Reporting	91
Note 15 — Related Party Transactions and Balances	92
Note 16 — Commitments and Contingencies	94
Note 17 — Subsequent Events	95

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.