---
title: "BLAIZE HOLDINGS INC C/WTS 13/01/2030 (TO PUR COM) | 10-Q: FY2025 Q3 Revenue: USD 11.87 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/265796176.md"
datetime: "2025-11-13T21:54:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265796176.md)
  - [en](https://longbridge.com/en/news/265796176.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265796176.md)
generator: "portal-rs"
---

# BLAIZE HOLDINGS INC C/WTS 13/01/2030 (TO PUR COM) | 10-Q: FY2025 Q3 Revenue: USD 11.87 M

Revenue: As of FY2025 Q3, the actual value is USD 11.87 M.

EPS: As of FY2025 Q3, the actual value is USD -0.25.

EBIT: As of FY2025 Q3, the actual value is USD -23.28 M.

### Segment Revenue

-   **Hardware Revenue**: $10.5 million for the three months ended September 30, 2025, compared to $23,000 for the same period in 2024. For the nine months ended September 30, 2025, hardware revenue was $11.6 million, compared to $28,000 in 2024.
-   **Software Revenue**: $0 for the three months ended September 30, 2025, and $300,000 for the nine months ended September 30, 2025.
-   **Hardware Revenue - Related Party**: $1.1 million for the three months ended September 30, 2025, and $2.5 million for the nine months ended September 30, 2025.
-   **Software Revenue - Related Party**: $215,000 for the three months ended September 30, 2025, and $478,000 for the nine months ended September 30, 2025.

### Operational Metrics

-   **Net Loss**: - $26.3 million for the three months ended September 30, 2025, compared to - $25.6 million for the same period in 2024. For the nine months ended September 30, 2025, net loss was - $203.6 million, compared to - $54.5 million in 2024.
-   **Gross Profit**: $1.8 million for the three months ended September 30, 2025, compared to $305,000 for the same period in 2024. For the nine months ended September 30, 2025, gross profit was $3.6 million, compared to $514,000 in 2024.
-   **Operating Expenses**: $24.4 million for the three months ended September 30, 2025, compared to $11.7 million for the same period in 2024. For the nine months ended September 30, 2025, operating expenses were $86.1 million, compared to $31.2 million in 2024.

### Cash Flow

-   **Net Cash Used in Operating Activities**: - $57.3 million for the nine months ended September 30, 2025, compared to - $35.8 million in 2024.
-   **Net Cash Used in Investing Activities**: - $707,000 for the nine months ended September 30, 2025, compared to - $1.2 million in 2024.
-   **Net Cash Provided by Financing Activities**: $31.8 million for the nine months ended September 30, 2025, compared to $102.4 million in 2024.

### Unique Metrics

-   **Committed Equity Facility**: Entered into a $50.0 million common stock purchase agreement with B. Riley Principal Capital II, LLC on July 14, 2025.

### Future Outlook and Strategy

-   **Core Business Focus**: The company plans to use proceeds from the Committed Equity Facility to accelerate commercialization of its South Asia smart infrastructure contract and invest in its next-generation chip, as well as for working capital and general corporate purposes.
-   **Non-Core Business**: The company entered into a Securities Purchase Agreement with Polar Asset Management Partners Inc. for a private placement of $30.0 million, intended for general corporate and working capital purposes.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**