BLAIZE HOLDINGS INC C/WTS 13/01/2030 (TO PUR COM) | 8-K: FY2025 Q1 Revenue: USD 1.007 M

Revenue: As of FY2025 Q1, the actual value is USD 1.007 M.

EPS: As of FY2025 Q1, the actual value is USD -1.61.

EBIT: As of FY2025 Q1, the actual value is USD -37.83 M.

Segment Revenue

Revenue for the first quarter of 2025 increased 83% year-on-year to just over $1.0 million, driven by product shipments to customers with smart city applications.

Operational Metrics

Net loss for the first quarter of 2025 was - $147.8 million, compared to a net loss of - $16.7 million in the first quarter of 2024, primarily due to non-recurring expenses and non-cash adjustments related to the business combination with BurTech Acquisition Corporation. Adjusted EBITDA loss for the first quarter of 2025 was - $15.4 million, compared to - $7.5 million for the first quarter of 2024, mainly due to investments in go-to-market and customer support strategy, software tools, and public company expenses.

Cash Flow

As of March 31, 2025, Blaize’s cash and cash equivalents were $45.0 million. Net cash used in operating activities for the first quarter of 2025 was - $15.9 million, compared to - $7.4 million for the first quarter of 2024.

Unique Metrics

Blaize showcased deployable AI solutions at the largest U.S. physical security event, drawing strong interest from federal and enterprise customers across public safety, defense, and smart city sectors.

Outlook / Guidance

Blaize plans to announce a new vertical AI solution platform in Q3 2025, designed to simplify and accelerate deployment for smart city, defense, and infrastructure customers. Q2 2025 guidance projects total revenue between $1.5 million and $1.7 million, with an Adjusted EBITDA loss between $13 million and $14 million. Fiscal Year 2025 guidance estimates total revenue between $19 million and $50 million, with an Adjusted EBITDA loss between $40 million and $55 million.