Every 10-Q that Blaize Holdings, Inc. (BZAI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BZAI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BZAI filings page.
Blaize Holdings, Inc. reported sharply higher revenue but continuing large losses and serious liquidity risks for the quarter and six months ended June 30, 2026. Revenue rose to $11.99 million for the quarter and $14.72 million year‑to‑date, driven mainly by third‑party hardware sales to a single customer in China. Gross profit was modest at $0.92 million for the quarter, reflecting low margins on resale hardware.
The company recorded a six‑month net loss of $51.46 million and used $41.30 million in operating cash, leaving $36.85 million in cash and cash equivalents. Management concluded that its liquidity position and cash burn create substantial doubt about continued going concern without additional financing. A committed equity facility with $15.5 million remaining is currently constrained by a sub‑$1 share price.
Accounts receivable are highly concentrated in China, with a $9.55 million allowance tied largely to one customer, highlighting collection risk. Manufacturing risk is elevated as the primary contract manufacturer plans to terminate its agreement by December 14, 2026, while the company has inventory purchase commitments of roughly $12.7 million. Blaize also disclosed a newly filed putative securities class action related to certain customer contracts, which is at an early stage.
Blaize Holdings, Inc. filed an amended quarterly report mainly to correct officer certifications, while reaffirming its original first-quarter 2026 results. Revenue rose to $2.7 million, driven largely by related-party hardware sales under a referral agreement, but the company posted a net loss of $22.7 million and negative operating cash flow of $12.6 million.
Blaize ended the quarter with $33.2 million of cash and cash equivalents and disclosed that its liquidity position and ongoing losses "raise substantial doubt" about its ability to continue as a going concern. In May 2026 it issued 18.9 million shares at $1.85, generating about $32.8 million in net proceeds and amended Polar warrants to lower their exercise price, adding further equity overhang.
Blaize Holdings, Inc. reported first‑quarter 2026 revenue of $2.7 million, up from $1.0 million a year earlier, driven mainly by hardware sales to a related‑party customer. Despite this growth, the company posted a net loss of $22.7 million and negative operating cash flow of $12.6 million.
Management discloses that recurring losses and cash burn raise “substantial doubt” about Blaize’s ability to continue as a going concern without additional financing. To bolster liquidity, Blaize completed a May 2026 underwritten equity offering of 18.9 million shares at $1.85 per share, generating about $32.8 million in net proceeds.
At March 31, 2026, Blaize held $33.2 million of cash and cash equivalents and reported $16.7 million of net accounts receivable, with significant customer concentration in China. Adjusted EBITDA was a loss of $13.9 million, reflecting high research, development, and selling costs as the company scales its AI edge computing platform.
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.