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MAZE MAZE Settlement Of Convertible Promissory Notes By Conversion To Series D1Redeemable Convertible Preferred Stock

Settlement Of Convertible Promissory Notes By Conversion To Series D1Redeemable Convertible Preferred Stock at other companies

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Red Cat Holdings, Inc. logo
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$70.13M
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AST SpaceMobileASTS
$0-100%

Other financials

Income statement

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Revenue$20.0M
Operating income-$26.6M+25.0%
Net income-$24.2M+26.2%
EPS (diluted)-$0.45+60.9%

Balance sheet

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Cash & equivalents$198.8M-32.5%
Total debt$61.2M+137%
Total equity$341.7M+17.0%
Total assets$419.7M+26.1%

Cash flow

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Operating cash flow-$39.1M-32.5%
CapEx$93.0K-68.9%
Free cash flow-$39.2M-31.5%

Valuation

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Market cap$1.48B+201%
Enterprise value$1.34B
P/S7.9×

Profitability

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Operating margin-71.5%
Net margin-65.4%
FCF margin-65.1%

Returns & leverage

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Return on equity-38.7%
Debt / equity0.2×+0.1×
Current ratio17.9×+1.8×

Where this comes from

Reported directly by MAZE in its filing.

Tagged under the XBRL concept maze:SettlementOfConvertiblePromissoryNotesByConversionToSeriesD1RedeemableConvertiblePreferredStock.

The official record: MAZE’s 10-K, filed March 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MAZE's settlement of convertible promissory notes by conversion to series d1redeemable convertible preferred stock?
MAZE (MAZE) reported settlement of convertible promissory notes by conversion to series d1redeemable convertible preferred stock of $13.35M in Q4 2024.
What does settlement of convertible promissory notes by conversion to series d1redeemable convertible preferred stock mean?
This metric quantifies the non-cash conversion of debt obligations into equity securities, typically occurring during financing rounds or restructuring events. It highlights the company's ability to deleverage its balance sheet by converting liabilities into preferred or common stock. This is a critical indicator of capital structure evolution and the reduction of future cash interest obligations.