---
title: "BLAIZE HOLDINGS INC C/WTS 13/01/2030 (TO PUR COM) | 8-K: FY2025 Q3 Revenue: USD 11.87 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/265796220.md"
datetime: "2025-11-13T21:55:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265796220.md)
  - [en](https://longbridge.com/en/news/265796220.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265796220.md)
generator: "portal-rs"
---

# BLAIZE HOLDINGS INC C/WTS 13/01/2030 (TO PUR COM) | 8-K: 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 -26.93 M.

### Segment Revenue

-   **Total Revenue**: $11.9 million, reflecting a 499% sequential growth and a 1,419% year-over-year increase.

### Operational Metrics

-   **Gross Profit**: $1.8 million, up from $1.2 million in the previous quarter and $0.3 million in the same quarter last year.
-   **Gross Margin**: 15%, down from 59% in the previous quarter and 39% in the same quarter last year.
-   **Research and Development (GAAP)**: $9.7 million, a 1% increase from the previous quarter and a 67% increase year-over-year.
-   **Selling, General and Administrative (GAAP)**: $14.3 million, a 10% increase from the previous quarter and a 158% increase year-over-year.
-   **Net Loss**: - $26.3 million, compared to - $29.6 million in the previous quarter and - $25.6 million in the same quarter last year.
-   **Adjusted EBITDA Loss**: - $11.1 million, compared to - $12.9 million in the previous quarter and - $10.5 million in the same quarter last year.

### Cash Flow

-   **Net Cash Used in Operating Activities**: - $57.3 million for the nine months ended September 30, 2025, compared to - $35.8 million for the same period in 2024.
-   **Net Cash Used in Investing Activities**: - $0.7 million for the nine months ended September 30, 2025, compared to - $1.2 million for the same period in 2024.
-   **Net Cash Provided by Financing Activities**: $31.8 million for the nine months ended September 30, 2025, compared to $102.4 million for the same period in 2024.

### Unique Metrics

-   **Hardware Revenue**: $10.5 million, up from $57 thousand in the previous quarter and $23 thousand in the same quarter last year.
-   **Software Revenue**: $0.3 million, consistent with the previous quarter and the same quarter last year.
-   **Hardware Revenue (Related Party)**: $1.1 million, down from $1.4 million in the previous quarter and up from $0 in the same quarter last year.
-   **Software Revenue (Related Party)**: $0.2 million, down from $0.3 million in the previous quarter and up from $0 in the same quarter last year.
-   **Engineering Services Revenue (Related Party)**: $0, consistent with the previous quarter and down from $0.8 million in the same quarter last year.

### Outlook / Guidance

-   **Revenue Guidance for Q4 2025**: $21.1 million to $23.1 million.
-   **Revenue Guidance for FY 2025**: $36.0 million to $38.0 million.
-   **Adjusted EBITDA Loss Guidance for Q4 2025**: $15.6 million to $18.6 million.
-   **Adjusted EBITDA Loss Guidance for FY 2025**: $55.0 million to $58.0 million.

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- [BZAIW.US](https://longbridge.com/en/quote/BZAIW.US.md)

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