AMZE AMAZE HOLDINGS, INC.

Overview and Growth

AMAZE HOLDINGS, INC. generated $1.97M of revenue in fiscal 2025, with net loss of $55.17M and an operating cash outflow of $17.52M. Revenue of $1.97M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 557.8% above fiscal 2024 revenue of $299.06K, marking a year-over-year increase. The company reported diluted EPS of -$8.18, adding a shareholder-level measure to the absolute income figures considered below. A diluted share base of 6.77M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. The diluted share count was 866.0% higher than fiscal 2024, when diluted shares averaged 700.65K, adding context to the EPS comparison. At period end, total assets were $34.21M, framing the scale of the company’s operating and financing commitments. Asset turnover was 0.06x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $1.57M as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 79.8% of revenue, quantifying the portion retained before operating expenses were recognized. The company recorded an operating loss of $54.39M after the reported operating expense base. The bottom-line result was a net loss of $55.17M after operating, financing, tax, and other recognized items. The company reported negative EBITDA of $51.05M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. The loss-to-equity relationship was 564.7%, placing the bottom-line deficit against shareholder capital. The net loss equaled 161.2% of period-end assets, showing the deficit relative to the asset base. The net loss widened to $55.17M from $2.52M in fiscal 2024.

Liquidity and Capital Structure

The company held $34.21M of assets against $24.44M of liabilities and $9.77M of equity, revealing how the asset base was financed. The near-term balance sheet paired $4.39M of current assets with $24.44M of current liabilities at the reporting date. At 0.18x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. Borrowings totaled $14.35M, adding a fixed financing obligation alongside the company’s equity capital. The debt-to-equity relationship was 1.47x, showing how much debt the company carried for each unit of book equity. Debt represented 41.9% of total assets, placing borrowing in the context of the company’s full resource base. Equity equaled 28.6% of assets, showing the shareholder-capital layer within the company’s balance sheet. Relative to total assets, liabilities measured 71.4%, complementing the separate equity-based view of the company’s capital structure. The asset base changed 675.4% from $4.41M in fiscal 2024, leaving current total assets higher year over year. Book equity was 560.6% higher than fiscal 2024 equity of $1.48M, showing how shareholder capital changed year over year.

Cash Flow and Earnings Quality

Operating activities used $17.52M of cash, resulting in an operating cash outflow for the year. Compared with a $1.93M operating cash outflow in fiscal 2024, the current outflow increased to $17.52M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.