Blaize Holdings, Inc.
For the period ended Jun 30, 2026. Filed Aug 13, 2026.
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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.
Jun 30, 2026 · Filed Aug 13, 2026
BZAI$0.18-10.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(Amounts in thousands, except shares and per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue | ||||
| Products: | ||||
| Hardware revenue - related party | $28 | $1,362 | $2,206 | $1,362 |
| Hardware revenue | 11,956 | 57 | 12,098 | 1,064 |
| Software revenue - related party | 1 | 263 | 419 | 263 |
| Software revenue | — | 300 | — | 300 |
| Total revenue | 11,985 | 1,982 | 14,723 | 2,989 |
| Cost of revenue | 11,067 | 804 | 12,229 | 1,131 |
| Gross profit | 918 | 1,178 | 2,494 | 1,858 |
| Operating expenses | ||||
| Research and development | 10,480 | 9,613 | 20,155 | 22,731 |
| Selling, general and administrative | 18,029 | 12,965 | 33,095 | 26,082 |
| Selling, general and administrative - related party | 2,794 | 27 | 2,831 | 267 |
| Depreciation | 219 | 456 | 405 | 647 |
| Transaction costs | — | — | — | 12,035 |
| Total operating expenses | 31,522 | 23,061 | 56,486 | 61,762 |
| Loss from operations | (30,604) | (21,883) | (53,992) | (59,904) |
| Other income (expense), net | ||||
| Change in fair value of Legacy Blaize convertible notes and warrants | — | — | — | (226,048) |
| Change in fair value of Polar warrants | 2,344 | — | 2,813 | — |
| Change in fair value of earnout shares | 1,573 | (7,257) | 2,131 | 109,261 |
| Change in fair value of unissued shares of common stock | — | (300) | — | (300) |
| Financing charge on Polar warrants modification | (1,969) | — | (1,969) | — |
| Other, net | 115 | (110) | (78) | (158) |
| Total other income (expense), net | 2,063 | (7,667) | 2,897 | (117,245) |
| Loss before income taxes | (28,541) | (29,550) | (51,095) | (177,149) |
| Provision for income taxes | 268 | 39 | 367 | 201 |
| Net loss | (28,809) | (29,589) | (51,462) | (177,350) |
| Change in foreign currency translation adjustments, net | 365 | — | 490 | — |
| Other comprehensive income | 365 | — | 490 | — |
| Comprehensive loss | $(28,444) | $(29,589) | $(50,972) | $(177,350) |
| Net loss per share - basic and diluted | $(0.21) | $(0.28) | $(0.40) | $(1.80) |
| Weighted average shares outstanding - basic and diluted | 134,813,711 | 104,588,373 | 128,627,046 | 98,374,632 |
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