What is TRAILBLAZER ACQUISITION CORP.'s earnings per share (EPS)?

TRAILBLAZER ACQUISITION CORP. (BLZR) reported diluted earnings per share of $0.14 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

TRAILBLAZER ACQUISITION CORP. Financials

BLZR

Source SEC Filings (10-K/10-Q) Updated Mar 30, 2026 Currency USD FYE March

This page shows TRAILBLAZER ACQUISITION CORP. (BLZR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Low Quality

-0.11x

For every $1 of reported earnings, TRAILBLAZER ACQUISITION CORP. generates $-0.11 in operating cash flow (-$315K OCF vs $3.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

$3.0M

TRAILBLAZER ACQUISITION CORP. reported $3.0M in net income in fiscal year 2025.

EPS (Diluted)

$0.14

TRAILBLAZER ACQUISITION CORP. earned $0.14 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.2M

TRAILBLAZER ACQUISITION CORP. held $1.2M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

28M

TRAILBLAZER ACQUISITION CORP. had 28M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

BLZR Income Statement

Metric	Q2'26
Revenue	N/A
Cost of Revenue	N/A
Gross Profit	N/A
R&D Expenses	N/A
SG&A Expenses	$87K
Operating Income	-$87K
Interest Expense	N/A
Income Tax	N/A
Net Income	$489K
EPS (Diluted)	N/A

BLZR Balance Sheet

Metric	FY25
Total Assets	$279.6M
Current Assets	$1.3M
Cash & Equivalents	$1.2M
Inventory	N/A
Accounts Receivable	N/A
Goodwill	N/A
Total Liabilities	$290.1M
Current Liabilities	$123K
Long-Term Debt	N/A
Total Equity	-$10.5M
Retained Earnings	N/A

Metric	Q2'26
Total Assets	$277.0M
Current Assets	$1.4M
Cash & Equivalents	$1.3M
Inventory	N/A
Accounts Receivable	N/A
Goodwill	N/A
Total Liabilities	$287.4M
Current Liabilities	$85K
Long-Term Debt	N/A
Total Equity	-$10.4M
Retained Earnings	N/A

BLZR Cash Flow Statement

Metric	FY25
Operating Cash Flow	-$315K
Capital Expenditures	N/A
Free Cash Flow	N/A
Investing Cash Flow	-$275.0M
Financing Cash Flow	$276.5M
Dividends Paid	N/A
Share Buybacks	N/A

Metric	Q2'26
Operating Cash Flow	-$235K
Capital Expenditures	N/A
Free Cash Flow	N/A
Investing Cash Flow	-$275.0M
Financing Cash Flow	$276.5M
Dividends Paid	N/A
Share Buybacks	N/A

BLZR Financial Ratios

Metric	Q2'26
Gross Margin	N/A
Operating Margin	N/A
Net Margin	N/A
Return on Equity	N/A
Return on Assets	0.2%
Current Ratio	15.96
Debt-to-Equity	-27.73
FCF Margin	N/A

Note: Shareholder equity is negative (-$10.5M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Frequently Asked Questions

Is TRAILBLAZER ACQUISITION CORP. profitable?

Yes, TRAILBLAZER ACQUISITION CORP. (BLZR) reported a net income of $3.0M in fiscal year 2025.

What is TRAILBLAZER ACQUISITION CORP.'s operating cash flow?

TRAILBLAZER ACQUISITION CORP. (BLZR) generated -$315K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are TRAILBLAZER ACQUISITION CORP.'s total assets?

TRAILBLAZER ACQUISITION CORP. (BLZR) had $279.6M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does TRAILBLAZER ACQUISITION CORP. have outstanding?

TRAILBLAZER ACQUISITION CORP. (BLZR) had 28M shares outstanding as of fiscal year 2025.

What is TRAILBLAZER ACQUISITION CORP.'s current ratio?

TRAILBLAZER ACQUISITION CORP. (BLZR) had a current ratio of 10.33 as of fiscal year 2025, which is generally considered healthy.

What is TRAILBLAZER ACQUISITION CORP.'s debt-to-equity ratio?

TRAILBLAZER ACQUISITION CORP. (BLZR) had a debt-to-equity ratio of -27.61 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is TRAILBLAZER ACQUISITION CORP.'s return on assets (ROA)?

TRAILBLAZER ACQUISITION CORP. (BLZR) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is TRAILBLAZER ACQUISITION CORP.'s cash runway?

Based on fiscal year 2025 data, TRAILBLAZER ACQUISITION CORP. (BLZR) had $1.2M in cash against an annual operating cash burn of $315K. This gives an estimated cash runway of approximately 45 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is TRAILBLAZER ACQUISITION CORP.'s debt-to-equity ratio negative or unusual?

TRAILBLAZER ACQUISITION CORP. (BLZR) has negative shareholder equity of -$10.5M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

Are TRAILBLAZER ACQUISITION CORP.'s earnings high quality?

TRAILBLAZER ACQUISITION CORP. (BLZR) has an earnings quality ratio of -0.11x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.