Blaize Holdings SEC Filings

Blaize Holdings, Inc. has filed a shelf registration statement on Form S-3 that would allow it to offer and sell up to $250,000,000 of common stock, preferred stock, debt securities, stock purchase contracts, warrants, rights and units from time to time after the registration becomes effective. Specific terms, pricing and use of proceeds for each issuance will be detailed in future prospectus supplements. Blaize’s common stock trades on Nasdaq under the symbol BZAI, and the last reported sale price on January 26, 2026 was $1.74 per share.

The company provides AI-enabled edge computing solutions, combining programmable processors and low-code/no-code software for applications such as computer vision and video analytics across smart city, defense, retail and enterprise markets. Revenue is highly concentrated: during the first nine months of 2025, one non‑related customer in Asia Pacific accounted for 70% of revenue and one related customer in North America accounted for 20%. A Purchase Order Contract Agreement in the Persian Gulf region contemplates consideration of up to $104.0 million, but as of January 27, 2026 no products have been shipped and no payments received. Blaize notes collection and credit risks with international customers and highlights broader risk factors incorporated from its periodic reports. The company also discloses that litigation with Jefferies LLC was settled on November 30, 2025 and provides background on its January 2025 business combination with BurTech Acquisition Corp.

Blaize Holdings, Inc. is registering up to 18,750,000 shares of common stock for resale by existing holders, including 9,375,000 shares already outstanding and 9,375,000 shares issuable upon exercise of warrants. The company will not receive proceeds from these sales, which represent approximately 15.6% of its common stock, but will bear most registration expenses.

The prospectus describes Blaize’s AI-enabled edge computing hardware and software business and recent financings, including a $30.0 million Polar private placement of 9,375,000 shares at $3.20 per share with 9,375,000 five-year warrants at $5.00, and a committed equity facility permitting sales of up to $50,000,000 of new shares to B. Riley. Financial data show 2024 revenue of $1,554 thousand and a net loss of $61,195 thousand, followed by higher revenue but a nine‑month 2025 net loss of $203,608 thousand and an auditor’s going concern warning, underscoring reliance on continued external funding.

Blaize Holdings, Inc. updates its prospectus covering 89,550,141 shares of common stock, 898,250 warrants and 29,698,250 shares of common stock issuable upon exercise of warrants.

The company explains that during the first nine months of 2025, 70% of revenue came from one Asia Pacific customer that is not a related party, and 20% came from a related-party customer in North America, all from hardware and software product sales. In 2024, 98% of revenue came from two related-party customers and was largely from services contracts that have now expired, as Blaize shifts toward product and professional services revenue.

Blaize also describes a Purchase Order Contract Agreement in the Persian Gulf region, under which it may supply equipment and services for consideration of up to $104.0 million, but notes that as of November 28, 2025 it has not shipped products or received payments and that deployment timing and field trial success are not guaranteed. Separately, a fee dispute with Jefferies LLC relating to the Blaize business combination progressed through New York state court, and Blaize and Jefferies settled the matter on November 30, 2025.

Blaize Holdings, Inc. updates its resale registration covering 20,326,158 shares of common stock offered by a selling stockholder and 769,231 shares offered by Cantor. The company explains that in the first nine months of 2025, one non‑related Asia-Pacific customer provided 70% of revenue and one related North American customer provided 20%, all from hardware and software sales, highlighting significant customer concentration.

The filing describes a Purchase Order Contract Agreement in the Persian Gulf region with potential consideration of up to $104 million, but notes that as of November 28, 2025 no products have been shipped and no payments received, and there is no guarantee field trials will be successful. It also discloses that a fee dispute with Jefferies LLC relating to the Blaize business combination, in which Jefferies sought several million dollars in fees and expenses, was settled on November 30, 2025. The company’s common stock and warrants trade on Nasdaq under “BZAI” and “BZAIW.”

Blaize Holdings, Inc. filed Prospectus Supplement No. 7 to update its S-1 with its Q3 2025 Form 10-Q. The registration statement covers 89,550,141 shares of common stock, 898,250 warrants, and 29,698,250 shares issuable upon exercise of warrants. The supplement incorporates recent financials and disclosures.

For Q3 2025, revenue was $11.867 million, and the net loss was $26.258 million. Cash and cash equivalents were $24.0 million as of September 30, 2025. Management disclosed that liquidity conditions raise substantial doubt about the company’s ability to continue as a going concern. As of November 6, 2025, shares outstanding were 110,988,152. Blaize’s securities trade on Nasdaq as “BZAI” and “BZAIW”; on November 12, 2025, the closing prices were $2.61 per share and $0.58 per warrant.

Blaize Holdings, Inc. filed Prospectus Supplement No. 2 to its S-1, covering the resale of 20,326,158 shares of common stock by a selling stockholder and 769,231 shares by Cantor. The supplement incorporates the company’s Form 10-Q for the quarter ended September 30, 2025.

In Q3 2025, revenue was $11,867 thousand versus $781 thousand a year ago, driven mainly by hardware shipments, while the company reported a net loss of $26,258 thousand. For the nine months, revenue totaled $14,856 thousand with a net loss of $203,608 thousand. Cash and cash equivalents were $24,001 thousand as of September 30, 2025, and management disclosed that liquidity conditions raise substantial doubt about the company’s ability to continue as a going concern.

As context, shares outstanding were 110,988,152 as of November 6, 2025; this is a baseline figure, not the amount being offered. Blaize’s common stock and warrants trade on Nasdaq as BZAI and BZAIW, which closed at $2.61 and $0.58 on November 12, 2025.

Blaize Holdings (BZAI) filed its Q3 2025 10‑Q, showing rapid top‑line growth alongside heavy losses and a going‑concern warning. Revenue rose to $11.9 million for the quarter, up from $0.8 million a year ago, driven mainly by hardware sales, including related‑party transactions. Gross profit was $1.8 million, but operating expenses of $24.4 million led to a loss from operations of $22.6 million. Net loss for the quarter was $26.3 million; for the nine months, net loss reached $203.6 million.

Cash and cash equivalents were $24.0 million as of September 30, 2025, down from $50.2 million at year‑end, and management disclosed that liquidity conditions raise substantial doubt about continuing as a going concern. The company entered a $50.0 million Committed Equity Facility with B. Riley on July 14, 2025 and issued shares under it during the quarter. Post‑merger balance sheet cleanup removed prior convertible notes and warrant liabilities, bringing total liabilities to $59.6 million and stockholders’ equity to $1.3 million. Shares outstanding were 110,988,152 as of November 6, 2025.

Blaize Holdings, Inc. (BZAI) furnished quarterly results. The company reported that it issued a press release announcing results of operations for the quarter ended September 30, 2025, and furnished it as Exhibit 99.1 to an 8-K. The company states this information is being “furnished,” not “filed,” and therefore is not subject to Section 18 of the Exchange Act and is not incorporated by reference unless expressly stated.

Blaize lists its securities on Nasdaq as common stock (BZAI) and warrants (BZAIW), with each whole warrant exercisable for one share at an exercise price of $11.50 per share.