Home / Going-concern warnings / Blaize Holdings, Inc.
Filed 2026-03-24 路 Form 10-K 路 Accession 0001871638-26-000011 micro
Price before filing: $1.1 (2026-03-23 close, split/dividend-adjusted)
Market cap at flag: $135.8M (2026-03-24) 路 Latest: $34.0M (2026-10-16)
| Window | BZAI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +74.5% | +8.1% | +66.4% | 2026-04-23 |
| 90 days | +48.2% | +13.9% | +34.3% | 2026-06-22 |
| 180 days | -46.4% | +18.6% | -65.0% | 2026-09-21 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: 3 insiders sold $496K (3 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-03-24: red flag filed | |||||||
| 2026-04-06 | Cannestra Anthony Director | Sale | 50,000 | $1.75 | $88K | yes | Form 4 |
| 2026-04-17 | Munagala Dinakar Chief Executive Officer, Director | Sale | 50,000 | $2.54 | $127K | yes | Form 4/A |
| 2026-04-20 | Sehmi Harminder Chief Financial Officer | Sale | 123,460 | $2.28 | $281K | yes | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-12-24 to 2026-04-23. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"These conditions raise substantial doubt about its ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Going-concern opinion issued by: UHY LLP
Source: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
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Not investment advice. Automated summary; verify against the filing.
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