What is BZAI's legacy blaize convertible notes and warrants?

BZAI (BZAI) reported legacy blaize convertible notes and warrants of $0 in Q4 2025.

What does legacy blaize convertible notes and warrants mean?

This captures the short-term portion of debt instruments that can be converted into equity, alongside associated warrant liabilities due within one year. It represents a critical component of the company's capital structure that may lead to shareholder dilution upon conversion or require immediate cash settlement. Investors track this to evaluate near-term refinancing risks and the potential impact of equity-linked obligations on the company's capitalization.

BZAI BZAI Legacy Blaize convertible notes and warrants

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Other financials

Income statement

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Revenue$2.7M+172%

Gross profit$1.6M+132%

Operating income-$23.4M+38.5%

Net income-$22.7M+84.7%

EPS (diluted)-$0.19+88.2%

Balance sheet

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Cash & equivalents$33.5M-26.0%

Total debt$1.2M-22.4%

Total equity$25.4M+52.3%

Total assets$70.8M-29.4%

Cash flow

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Operating cash flow-$12.6M+20.8%

CapEx$116.0K-82.5%

Free cash flow-$12.7M+23.2%

Valuation

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Market cap$196.37M-29.3%

Enterprise value$164.13M-34.5%

P/S4.9×-68.8×

Profitability

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Gross margin17.6%-52.6pp

Operating margin-221%-107pp

Net margin-202.7%-100pp

FCF margin-175.1%-85.1pp

Returns & leverage

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Return on equity-388.1%—

Debt / equity0×0.0×

Current ratio2.5×0.0×

Where this comes from

Reported directly by BZAI in its filing.

Tagged under the XBRL concept blz:ConvertibleDebtAndWarrantLiabilityCurrent.

The official record: BZAI’s 10-K, filed March 24, 2026, on SEC EDGAR. View the filing →

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What is BZAI's legacy blaize convertible notes and warrants?: BZAI (BZAI) reported legacy blaize convertible notes and warrants of $0 in Q4 2025.
What does legacy blaize convertible notes and warrants mean?: This captures the short-term portion of debt instruments that can be converted into equity, alongside associated warrant liabilities due within one year. It represents a critical component of the company's capital structure that may lead to shareholder dilution upon conversion or require immediate cash settlement. Investors track this to evaluate near-term refinancing risks and the potential impact of equity-linked obligations on the company's capitalization.