Blaize Holdings, Inc.

For the period ended Mar 31, 2026. Filed May 14, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 14, 2026

BZAI$0.20+2.9%Stored close · as of Nov 6, 2026

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED BALANCE SHEETS

(Amounts in thousands, except shares and per share amounts, or unless otherwise noted)

	As of:
	March 31, 2026	December 31, 2025
Assets
Current assets:
Cash and cash equivalents	$33,219	$45,781
Accounts receivable, net of allowance for credit losses of $2,430 and $523, respectively	16,727	33,363
Accounts receivable - related party, net of allowance for credit losses of $— and $34, respectively	—	3,330
Inventories, net	9,012	10,130
Prepaid expenses and other current assets	6,423	4,003
Total current assets	65,381	96,607
Property and equipment, net	1,378	1,226
Deferred income tax assets	1,955	2,123
Operating lease right-of-use assets	1,307	1,516
Other assets	731	739
Total assets	$70,752	$102,211
Liabilities and stockholders’ equity
Current liabilities
Accounts payable	$12,583	$8,339
Accounts payable - related party	180	180
Accrued trade payables	1,571	22,838
Accrued expenses and other current liabilities	7,252	6,700
Accrued expenses - related party	—	331
Operating lease liabilities - current	596	644
Working capital loan - related party	1,500	1,500
Advances from related party	2,857	2,857
Total current liabilities	26,539	43,389
Operating lease liabilities	640	804
Other earnout shares	6,353	6,745
Other earnout shares - related party	2,048	2,184
Polar warrants	8,344	8,813
Other liabilities	1,383	1,276
Total liabilities	45,307	63,211
Commitments and contingencies
Stockholders’ equity:
Common stock - $0.0001 par value; 600,000,000 and 600,000,000 shares authorized as of March 31, 2026 and December 31, 2025, respectively, and 122,746,757 and 122,043,966 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	12	12
Additional paid-in capital	684,116	675,143
Accumulated other comprehensive income	125	—
Accumulated deficit	(658,808)	(636,155)
Total stockholders’ equity	25,445	39,000
Total liabilities and stockholders’ equity	$70,752	$102,211

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.