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FY2025
12 months to Dec 31, 2025
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FY2024
12 months to Dec 31, 2024
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FY2023
12 months to Dec 31, 2023
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FY2022
12 months to Dec 31, 2022
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|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net income (loss) | ||||
| Net loss | ||||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Interest earned on cash and marketable securities held in Trust Account | ||||
| Other Assets | ||||
| Penalties and interest on excise taxes | ||||
| Change in fair value of derivative liability - Non-Redemption Agreement | ||||
| Depreciation | ||||
| Noncash lease expense | ||||
| Debt financing charge on Legacy Blaize convertible notes | ||||
| Stock-based compensation | ||||
| Non-cash financing expense related to issuance of common stock | ||||
| Non-cash financing expense related to issuance of warrants | ||||
| Allowance for credit losses | ||||
| Nonrelated party | ||||
| Related party | ||||
| Total allowance for credit losses | ||||
| Deferred income taxes | ||||
| Change in fair value of Legacy Blaize convertible notes and warrants | ||||
| Change in fair value of Polar warrants | ||||
| Change in fair value of other earnout shares | ||||
| Change in fair value of unissued shares of common stock | ||||
| Change in fair value of committed equity facility, net | ||||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable, net | ||||
| Nonrelated party | ||||
| Related party | ||||
| Inventories, net | ||||
| Prepaid expenses and other current assets | ||||
| Nonrelated party | ||||
| Related party | ||||
| Total prepaid expenses and other current assets | ||||
| Accrued expenses | ||||
| Franchise tax payable | ||||
| Income tax payable | ||||
| Accounts payable and accrued expenses | ||||
| Nonrelated party | ||||
| Related party | ||||
| Accrued trade payables | ||||
| Operating lease liabilities | ||||
| Other current liabilities | ||||
| Net cash used in operating activities | ||||
| Investments held in Trust | ||||
| Cash withdrawn from Trust used Account to pay franchise and income taxes | ||||
| Cash withdrawn from Trust Account used to pay franchise and income taxes | ||||
| Principal deposits into Trust Account for Extension | ||||
| Restricted Cash | ||||
| Due from Sponsor | ||||
| Cash withdrawn from Trust Account in connection with redemptions | ||||
| Cash flows from investing activities: | ||||
| Purchases of property and equipment | ||||
| Net cash used in investing activities | ||||
| Cash flows from financing activities: | ||||
| Proceeds from advances from Sponsor | ||||
| Redemption of Common Stock | ||||
| Merger and PIPE financing, net of transaction costs | ||||
| Funds held in escrow | ||||
| Payment of deferred offering costs | ||||
| Repayment of advances from related party and short-term demand notes | ||||
| Nonrelated party | ||||
| Related party | ||||
| Proceeds from sale of common stock | ||||
| Shares issued under Committed Equity Facility | ||||
| Total proceeds from sale of common stock | ||||
| Proceeds from exercise of stock options | ||||
| Proceeds from Legacy Blaize convertible notes | ||||
| Redemptions of Common Stock | ||||
| Cash provided by (used in) financing activities | ||||
| Net change in cash and restricted cash | ||||
| Net change in cash, cash equivalents and restricted cash | ||||
| Cash, cash equivalents and restricted cash at beginning of period | ||||
| Cash, cash equivalents and restricted cash at end of period | ||||
| Supplemental disclosures of cash flow information: | ||||
| Cash paid for taxes, net of refunds | ||||
| State and local | ||||
| India | ||||
| United Kingdom | ||||
| Total cash paid for taxes, net of refunds | ||||
| Cash paid for interest | ||||
| Supplemental non-cash disclosures: | ||||
| Excise tax liability arising from redemption of Class A shares | ||||
| Accretion of Class A common stock subject to possible redemption | ||||
| Conversion of Legacy Blaize convertible notes to common stock | ||||
| Net exercise of Legacy Blaize warrants for common stock | ||||
| Redemption of common shares with cash held in escrow | ||||
| Stock issued | ||||
| Shareholder note receivable | ||||
| Shares issued to Cantor Fitzgerald & Co. | ||||
| Shares issued under Committed Equity Facility | ||||
| Capitalized deferred offering costs included in accounts payable and accrued expenses and other current liabilities | ||||
| Issuance of Legacy Blaize warrants with Legacy Blaize convertible notes | ||||
| Reversal of excise tax accrual to additional paid-in-capital | ||||
| Property and equipment acquired in accounts payable and accrued expenses | ||||
| Operating lease asset obtained in exchange for new operating lease liabilities | ||||
| Issuance of warrants for professional services | ||||
| Components of cash, cash equivalents and restricted cash: | ||||
| Cash and cash equivalents | ||||
| Restricted cash (included within other assets) | ||||
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