10-Q quarterly report · filed Nov 13, 2025

Blaize Holdings, Inc. (BZAI) Q3 2025 10-Q Quarterly Report

Short answer

Blaize Holdings, Inc. (BZAI) filed its Q3 2025 10-Q quarterly report on Nov 13, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $12M with net income of −$26M.

Q3 2025 key financials · XBRL

Revenue
$12M
+498.7% QoQ
Net income
−$26M
−2897.6% YoY · +11.3% QoQ
Operating margin
-190.3%
Gross margin
30.6%
EPS (diluted)
−$0.23
−21.1% QoQ

Source: XBRL data from the Blaize Holdings, Inc. (BZAI) Q3 2025 10-Q on SEC EDGAR. USD.

Blaize Holdings, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • No quarterly revenue, YoY comparison, profitability figures, segment results, cash data, or outlook provided in supplied excerpt

Risk Factors

  • New financing risk triggered by July 14 Committed Equity Facility: only $29.3 million potential proceeds versus $50.0 million commitment
  • Equity dilution risk: B. Riley sales reached 8,410,321 shares and $33.4 million net proceeds by October 17, 2025
  • Regulatory risk: Nasdaq limits facility issuances to 20,326,158 shares without stockholder approval
  • Supply-chain risk: China tariffs could increase component and equipment costs while disrupting U.S.-linked shipments
  • Customer concentration risk: two customers represented approximately 99% of third-quarter revenue and 90% of accounts receivable at September 30, 2025

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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