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BZAIW

Blaize Holdings, Inc.
CIK 0001871638 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
100.0
composite ยท 3 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-01 ยท FY 2025-12-31 ยท TRIGGERED100.0

Earnings quality

Beneish M-Score 14.40 exceeds the -1.78 manipulation threshold
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-24) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": 14.396,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1,
    "GMI": 3.913,
    "AQI": 0.709,
    "SGI": 24.86,
    "DEPI": 1,
    "SGAI": 1,
    "LVGI": 0.179,
    "TATA": -1.303
  },
  "defaulted_to_neutral": [
    "DSRI",
    "DEPI",
    "SGAI"
  ],
  "sloan_accruals": -1.4737,
  "inputs": {
    "revenue_t": 38632000,
    "revenue_t1": 1554000,
    "total_assets_t": 102211000,
    "net_income_t": -206904000,
    "cfo_t": -73751000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1871638/000187163826000011/0001871638-26-000011-index.htm",
    "form": "10-K",
    "filed": "2026-03-24"
  }
}
P-12 ยท FY 2025-12-31 ยท TRIGGERED100.0

Restatement predictor

F-Score 41.80 โ€” misstatement risk 41.8x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-24) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 41.796,
  "probability": 0.15464,
  "components": {
    "rsst": -1.4737,
    "drec": null,
    "dinv": 0.0174,
    "soft": 0.5401,
    "dcs": 23.8597,
    "droa": -1.2447,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1871638/000187163826000011/0001871638-26-000011-index.htm",
    "form": "10-K",
    "filed": "2026-03-24"
  }
}
P-05 ยท FY 2023-12-31 ยท CLEAN0.0

Tax arbitrage

[FY2023 data, stale โ€” no more recent pretax-income figure in XBRL] ETR 43.4% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-04-15) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2023-12-31": 0.4342
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2023-12-31": -0.2242
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1871638/000095017025053870/0000950170-25-053870-index.htm",
    "form": "10-K",
    "filed": "2025-04-15"
  }
}