v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Total revenue $ 2,738 $ 1,007
Cost of revenue 1,162 327
Gross Profit 1,576 680
Operating expenses    
Research and development 9,675 13,118
Depreciation 186 191
Transaction costs 0 12,043
Total operating expenses 24,964 38,701
Loss from operations (23,388) (38,021)
Other income (expense), net    
Change in fair value of Legacy Blaize convertible notes and warrants 0 (226,048)
Change in fair value of other earnout shares 558 116,518
Change in fair value of Polar warrants 469 0
Other, net (193) (48)
Total other income (expense), net 834 (109,578)
Loss before income taxes (22,554) (147,599)
Provision for income taxes 99 162
Net loss (22,653) (147,761)
Change in foreign currency translation adjustments, net 125 0
Other comprehensive income 125 0
Comprehensive loss $ (22,528) $ (147,761)
Net loss per share - basic (in dollars per share) $ (0.19) $ (1.61)
Net loss per share - diluted (in dollars per share) $ (0.19) $ (1.61)
Weighted average shares outstanding, basic (in shares) 122,382,195 91,747,685
Weighted average shares outstanding, diluted (in shares) 122,382,195 91,747,685
Nonrelated party    
Operating expenses    
Selling, general and administrative $ 15,069 $ 13,108
Nonrelated party | Hardware revenue    
Total revenue 142 1,007
Related party    
Total revenue 2,600  
Operating expenses    
Selling, general and administrative 34 241
Related party | Hardware revenue    
Total revenue 2,167 0
Related party | Software revenue    
Total revenue 418 0
Related party | Strategic consulting services    
Total revenue $ 11 $ 0