{
  "ticker": {
    "uuid": "66a7c3ed-3af3-46f1-81d4-b762a9e0fa03",
    "symbol": "BZAI",
    "name": "Blaize Holdings, Inc.",
    "exchange": "NASDAQ",
    "exchange_name": "NASDAQ",
    "country": "US",
    "currency": "USD",
    "sector": "Technology",
    "industry": "Software - Application",
    "page_url": "https://sharemaestro.com/factors/ticker/66a7c3ed-3af3-46f1-81d4-b762a9e0fa03/",
    "api_url": "https://sharemaestro.com/factors/api/tickers/66a7c3ed-3af3-46f1-81d4-b762a9e0fa03/"
  },
  "latest_snapshot": {
    "ticker": {
      "uuid": "66a7c3ed-3af3-46f1-81d4-b762a9e0fa03",
      "symbol": "BZAI",
      "name": "Blaize Holdings, Inc.",
      "exchange": "NASDAQ",
      "exchange_name": "NASDAQ",
      "country": "US",
      "currency": "USD",
      "sector": "Technology",
      "industry": "Software - Application",
      "page_url": "https://sharemaestro.com/factors/ticker/66a7c3ed-3af3-46f1-81d4-b762a9e0fa03/",
      "api_url": "https://sharemaestro.com/factors/api/tickers/66a7c3ed-3af3-46f1-81d4-b762a9e0fa03/"
    },
    "week_end_date": "2026-07-26",
    "universe": "USD_US",
    "score": {
      "os": 0.27,
      "value": 0.69,
      "quality": 0.17,
      "momentum": 0.01,
      "coverage": 0.848,
      "confidence": 0.812,
      "delta": -2
    },
    "headline_factors": {
      "price": 0.9,
      "market_cap": 128567563.01,
      "pe_ratio": null,
      "earnings_yield": 0.3305,
      "ebitda_to_ev": 0.3426,
      "shareholder_yield": -0.0031,
      "roe": -3.2146,
      "piotroski_f_score": 3,
      "momentum_12_1": -0.6605,
      "volatility_252d": 1.1011
    },
    "strategy_flags": {
      "market_leader": false,
      "cornerstone_value": false,
      "cornerstone_growth": false,
      "tiny_titan": false,
      "all_cap_buyback": false,
      "small_cap_core": false,
      "veiled_value": true,
      "earnings_consistent_5y": false
    },
    "factor_groups": {
      "valuation": {
        "pe_ratio": null,
        "ev_ebitda": 2.9189,
        "earnings_yield": 0.3305,
        "fcf_yield": -0.7156,
        "shareholder_yield": -0.0031
      },
      "quality": {
        "roe": -3.2146,
        "roic": null,
        "gross_margin": 0.1757,
        "fcf_margin": -1.7391,
        "piotroski_f_score": 3
      },
      "growth": {
        "revenue_growth_1y": null,
        "eps_growth_1y": null,
        "fcf_growth_1y": null
      },
      "momentum": {
        "price_return_12m": -0.7913,
        "momentum_12_1": -0.6605,
        "relative_strength": -1.0076
      },
      "scores": {
        "value_percentile": 0.69,
        "quality_percentile": 0.17,
        "momentum_percentile": 0.01,
        "growth_composite": 64,
        "yield_composite": 88,
        "overall_composite": 73,
        "os_score": 0.27,
        "factor_coverage": 0.848,
        "signal_confidence": 0.812
      }
    }
  },
  "factor_history": [
    {
      "week_end_date": "2026-06-07",
      "price": 1.66,
      "os": 0.06,
      "value": 0.31,
      "quality": 0.17,
      "momentum": 0.09,
      "confidence": 0.848,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": 0.1575,
      "shareholder_yield": -0.0017,
      "roe": -3.2146,
      "momentum_12_1": -0.2667
    },
    {
      "week_end_date": "2026-06-14",
      "price": 1.47,
      "os": 0.06,
      "value": 0.33,
      "quality": 0.17,
      "momentum": 0.04,
      "confidence": 0.848,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": 0.1814,
      "shareholder_yield": -0.0019,
      "roe": -3.2146,
      "momentum_12_1": -0.4426
    },
    {
      "week_end_date": "2026-06-21",
      "price": 1.41,
      "os": 0.06,
      "value": 0.33,
      "quality": 0.18,
      "momentum": 0.04,
      "confidence": 0.848,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": 0.1905,
      "shareholder_yield": -0.002,
      "roe": -3.2146,
      "momentum_12_1": -0.4576
    },
    {
      "week_end_date": "2026-06-28",
      "price": 1.47,
      "os": 0.07,
      "value": 0.34,
      "quality": 0.18,
      "momentum": 0.05,
      "confidence": 0.848,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": 0.1814,
      "shareholder_yield": -0.0019,
      "roe": -3.2146,
      "momentum_12_1": -0.2511
    },
    {
      "week_end_date": "2026-07-05",
      "price": 1.34,
      "os": 0.07,
      "value": 0.35,
      "quality": 0.19,
      "momentum": 0.04,
      "confidence": 0.84,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": 0.2023,
      "shareholder_yield": -0.0021,
      "roe": -3.2146,
      "momentum_12_1": -0.4113
    },
    {
      "week_end_date": "2026-07-12",
      "price": 1.23,
      "os": 0.08,
      "value": 0.37,
      "quality": 0.19,
      "momentum": 0.08,
      "confidence": 0.831,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": 0.2242,
      "shareholder_yield": -0.0023,
      "roe": -3.2146,
      "momentum_12_1": -0.4769
    },
    {
      "week_end_date": "2026-07-19",
      "price": 1.06,
      "os": 0.25,
      "value": 0.66,
      "quality": 0.17,
      "momentum": 0.01,
      "confidence": 0.822,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": 0.2677,
      "shareholder_yield": -0.0027,
      "roe": -3.2146,
      "momentum_12_1": -0.7069
    },
    {
      "week_end_date": "2026-07-26",
      "price": 0.9,
      "os": 0.27,
      "value": 0.69,
      "quality": 0.17,
      "momentum": 0.01,
      "confidence": 0.812,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": 0.3305,
      "shareholder_yield": -0.0031,
      "roe": -3.2146,
      "momentum_12_1": -0.6605
    }
  ],
  "financial_periods": {
    "annual": [
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 38632000,
          "cost_of_revenue": 32438000,
          "gross_profit": 6194000,
          "ebit": -91798000,
          "ebitda": -90603000,
          "pretax_income": -206687000,
          "tax_provision": 217000,
          "net_income": -206904000,
          "net_income_to_common": -206904000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 45781000,
          "total_current_assets": 96607000,
          "total_assets": 102244000,
          "short_term_debt": 2144000,
          "long_term_debt": null,
          "total_debt": 2144000,
          "total_liabilities": 63244000,
          "total_equity": 39000000,
          "shares_outstanding": 104275265,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -81409000,
          "capital_expenditure": 788000,
          "free_cash_flow": -80621000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 27902000,
          "net_debt_issued": 33250000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 38632000,
          "cost_of_revenue": 32438000,
          "gross_profit": 6194000,
          "ebit": -91798000,
          "ebitda": -90603000,
          "pretax_income": -206687000,
          "tax_provision": 217000,
          "net_income": -206904000,
          "net_income_to_common": -206904000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 45781000,
          "total_current_assets": 96607000,
          "total_assets": 102244000,
          "short_term_debt": 2144000,
          "long_term_debt": null,
          "total_debt": 2144000,
          "total_liabilities": 63244000,
          "total_equity": 39000000,
          "shares_outstanding": 104275265,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -81409000,
          "capital_expenditure": 788000,
          "free_cash_flow": -80621000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 27902000,
          "net_debt_issued": 33250000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 38632000,
          "cost_of_revenue": 32438000,
          "gross_profit": 6194000,
          "ebit": -91798000,
          "ebitda": -90603000,
          "pretax_income": -206687000,
          "tax_provision": 217000,
          "net_income": -206904000,
          "net_income_to_common": -206904000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 45781000,
          "total_current_assets": 96607000,
          "total_assets": 102244000,
          "short_term_debt": 2144000,
          "long_term_debt": null,
          "total_debt": 2144000,
          "total_liabilities": 63244000,
          "total_equity": 39000000,
          "shares_outstanding": 104275265,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -81409000,
          "capital_expenditure": 788000,
          "free_cash_flow": -80621000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 27902000,
          "net_debt_issued": 33250000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 38632000,
          "cost_of_revenue": 32438000,
          "gross_profit": 6194000,
          "ebit": -91798000,
          "ebitda": -90603000,
          "pretax_income": -206687000,
          "tax_provision": 217000,
          "net_income": -206904000,
          "net_income_to_common": -206904000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 45781000,
          "total_current_assets": 96607000,
          "total_assets": 102244000,
          "short_term_debt": 2144000,
          "long_term_debt": null,
          "total_debt": 2144000,
          "total_liabilities": 63244000,
          "total_equity": 39000000,
          "shares_outstanding": 104275265,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -81409000,
          "capital_expenditure": 788000,
          "free_cash_flow": -80621000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 27902000,
          "net_debt_issued": 33250000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 38632000,
          "cost_of_revenue": 32438000,
          "gross_profit": 6194000,
          "ebit": -91798000,
          "ebitda": -90603000,
          "pretax_income": -206687000,
          "tax_provision": 217000,
          "net_income": -206904000,
          "net_income_to_common": -206904000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 45781000,
          "total_current_assets": 96607000,
          "total_assets": 102244000,
          "short_term_debt": 2144000,
          "long_term_debt": null,
          "total_debt": 2144000,
          "total_liabilities": 63244000,
          "total_equity": 39000000,
          "shares_outstanding": 104275265,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -81409000,
          "capital_expenditure": 788000,
          "free_cash_flow": -80621000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 27902000,
          "net_debt_issued": 33250000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 38632000,
          "cost_of_revenue": 33633000,
          "gross_profit": 4999000,
          "ebit": -91798000,
          "ebitda": -90603000,
          "pretax_income": -206687000,
          "tax_provision": 217000,
          "net_income": -206904000,
          "net_income_to_common": -206904000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 45781000,
          "total_current_assets": 96607000,
          "total_assets": 102244000,
          "short_term_debt": 2144000,
          "long_term_debt": null,
          "total_debt": 2144000,
          "total_liabilities": 63244000,
          "total_equity": 39000000,
          "shares_outstanding": 104275265,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -81409000,
          "capital_expenditure": 788000,
          "free_cash_flow": -80621000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 27902000,
          "net_debt_issued": 33250000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 38632000,
          "cost_of_revenue": 33633000,
          "gross_profit": 4999000,
          "ebit": -91798000,
          "ebitda": -91798000,
          "pretax_income": -206687000,
          "tax_provision": 217000,
          "net_income": -206904000,
          "net_income_to_common": -206904000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 45781000,
          "total_current_assets": 96607000,
          "total_assets": 102244000,
          "short_term_debt": 2144000,
          "long_term_debt": null,
          "total_debt": 2144000,
          "total_liabilities": 63244000,
          "total_equity": 39000000,
          "shares_outstanding": 104275265,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -81409000,
          "capital_expenditure": 788000,
          "free_cash_flow": -80621000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 27902000,
          "net_debt_issued": 33250000
        }
      },
      {
        "period_end_date": "2024-12-31",
        "period_type": "annual",
        "fiscal_year": 2024,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1554000,
          "cost_of_revenue": 579000,
          "gross_profit": 975000,
          "ebit": -47635000,
          "ebitda": -46749000,
          "pretax_income": -62147000,
          "tax_provision": -952000,
          "net_income": -61195000,
          "net_income_to_common": -61195000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 1506,
          "total_current_assets": 758842,
          "total_assets": 48316954,
          "short_term_debt": 1500000,
          "long_term_debt": null,
          "total_debt": 1500000,
          "total_liabilities": 24079688,
          "total_equity": 24237266,
          "shares_outstanding": 101636442,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -53532000,
          "capital_expenditure": 902000,
          "free_cash_flow": -52630000,
          "dividends_paid": null,
          "share_repurchases": -2774658,
          "shares_issued": 0,
          "net_debt_issued": 105968000
        }
      }
    ],
    "quarterly": [
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2738000,
          "cost_of_revenue": 1162000,
          "gross_profit": 1576000,
          "ebit": -23388000,
          "ebitda": -23202000,
          "pretax_income": -22554000,
          "tax_provision": 99000,
          "net_income": -22653000,
          "net_income_to_common": -22653000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 33219000,
          "total_current_assets": 65381000,
          "total_assets": 70752000,
          "short_term_debt": 2096000,
          "long_term_debt": 640000,
          "total_debt": 2736000,
          "total_liabilities": 45307000,
          "total_equity": 25445000,
          "shares_outstanding": 122382195,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -12630000,
          "capital_expenditure": 116000,
          "free_cash_flow": -12514000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 58000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2738000,
          "cost_of_revenue": 1162000,
          "gross_profit": 1576000,
          "ebit": -23388000,
          "ebitda": -23202000,
          "pretax_income": -22554000,
          "tax_provision": 99000,
          "net_income": -22653000,
          "net_income_to_common": -22653000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 33219000,
          "total_current_assets": 65381000,
          "total_assets": 70752000,
          "short_term_debt": 2096000,
          "long_term_debt": 640000,
          "total_debt": 2736000,
          "total_liabilities": 45307000,
          "total_equity": 25445000,
          "shares_outstanding": 122382195,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -12630000,
          "capital_expenditure": 116000,
          "free_cash_flow": -12514000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 58000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2738000,
          "cost_of_revenue": 1162000,
          "gross_profit": 1576000,
          "ebit": -23388000,
          "ebitda": -23202000,
          "pretax_income": -22554000,
          "tax_provision": 99000,
          "net_income": -22653000,
          "net_income_to_common": -22653000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 33219000,
          "total_current_assets": 65381000,
          "total_assets": 70752000,
          "short_term_debt": 2096000,
          "long_term_debt": null,
          "total_debt": 2736000,
          "total_liabilities": 45307000,
          "total_equity": 25445000,
          "shares_outstanding": 122382195,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -12630000,
          "capital_expenditure": 116000,
          "free_cash_flow": -12514000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 58000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2738000,
          "cost_of_revenue": 1162000,
          "gross_profit": 1576000,
          "ebit": -23388000,
          "ebitda": -23202000,
          "pretax_income": -22554000,
          "tax_provision": 99000,
          "net_income": -22653000,
          "net_income_to_common": -22653000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 33219000,
          "total_current_assets": 65381000,
          "total_assets": 70752000,
          "short_term_debt": 2096000,
          "long_term_debt": 640000,
          "total_debt": 2736000,
          "total_liabilities": 45307000,
          "total_equity": 25445000,
          "shares_outstanding": 122382195,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -12630000,
          "capital_expenditure": 116000,
          "free_cash_flow": -12514000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 58000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2738000,
          "cost_of_revenue": 1162000,
          "gross_profit": 1576000,
          "ebit": -23388000,
          "ebitda": -23202000,
          "pretax_income": -22554000,
          "tax_provision": 99000,
          "net_income": -22653000,
          "net_income_to_common": -22653000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 33219000,
          "total_current_assets": 65381000,
          "total_assets": 70752000,
          "short_term_debt": 2096000,
          "long_term_debt": null,
          "total_debt": 2736000,
          "total_liabilities": 45307000,
          "total_equity": 25445000,
          "shares_outstanding": 122382195,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -12630000,
          "capital_expenditure": 116000,
          "free_cash_flow": -12514000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 58000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2738000,
          "cost_of_revenue": 1348000,
          "gross_profit": 1390000,
          "ebit": -23388000,
          "ebitda": -23202000,
          "pretax_income": -22554000,
          "tax_provision": 99000,
          "net_income": -22653000,
          "net_income_to_common": -22653000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 33219000,
          "total_current_assets": 65381000,
          "total_assets": 70752000,
          "short_term_debt": 2096000,
          "long_term_debt": null,
          "total_debt": 2736000,
          "total_liabilities": 45307000,
          "total_equity": 25445000,
          "shares_outstanding": 122382195,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -12630000,
          "capital_expenditure": 116000,
          "free_cash_flow": -12514000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 58000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 2738000,
          "cost_of_revenue": 1348000,
          "gross_profit": 1390000,
          "ebit": -23388000,
          "ebitda": -23202000,
          "pretax_income": -22554000,
          "tax_provision": 99000,
          "net_income": -22653000,
          "net_income_to_common": -22653000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 33219000,
          "total_current_assets": 65381000,
          "total_assets": 70752000,
          "short_term_debt": 2096000,
          "long_term_debt": null,
          "total_debt": 2736000,
          "total_liabilities": 45307000,
          "total_equity": 25445000,
          "shares_outstanding": 122382195,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -12630000,
          "capital_expenditure": 116000,
          "free_cash_flow": -12514000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 58000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 23776000,
          "cost_of_revenue": 21216000,
          "gross_profit": 2560000,
          "ebit": 111588000,
          "ebitda": 111772000,
          "pretax_income": -3301000,
          "tax_provision": -5000,
          "net_income": -3296000,
          "net_income_to_common": -3296000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 45781000,
          "total_current_assets": 96607000,
          "total_assets": 102244000,
          "short_term_debt": 2144000,
          "long_term_debt": 804000,
          "total_debt": 2144000,
          "total_liabilities": 63244000,
          "total_equity": 39000000,
          "shares_outstanding": 116573701,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -16461000,
          "capital_expenditure": 81000,
          "free_cash_flow": -16380000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 327000,
          "net_debt_issued": 13226000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 23776000,
          "cost_of_revenue": 21216000,
          "gross_profit": 2560000,
          "ebit": 111588000,
          "ebitda": 111772000,
          "pretax_income": -3301000,
          "tax_provision": -5000,
          "net_income": -3296000,
          "net_income_to_common": -3296000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 45781000,
          "total_current_assets": 96607000,
          "total_assets": 102244000,
          "short_term_debt": 2144000,
          "long_term_debt": 804000,
          "total_debt": 2144000,
          "total_liabilities": 63244000,
          "total_equity": 39000000,
          "shares_outstanding": 116573701,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -16461000,
          "capital_expenditure": 81000,
          "free_cash_flow": -16380000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 327000,
          "net_debt_issued": 13226000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 23776000,
          "cost_of_revenue": 21216000,
          "gross_profit": 2560000,
          "ebit": 111588000,
          "ebitda": 111772000,
          "pretax_income": -3301000,
          "tax_provision": -5000,
          "net_income": -3296000,
          "net_income_to_common": -3296000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 45781000,
          "total_current_assets": 96607000,
          "total_assets": 102244000,
          "short_term_debt": 2144000,
          "long_term_debt": null,
          "total_debt": 2144000,
          "total_liabilities": 63244000,
          "total_equity": 39000000,
          "shares_outstanding": 116573701,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -16461000,
          "capital_expenditure": 81000,
          "free_cash_flow": -16380000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 327000,
          "net_debt_issued": 13226000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 23776000,
          "cost_of_revenue": 21216000,
          "gross_profit": 2560000,
          "ebit": 111588000,
          "ebitda": 111772000,
          "pretax_income": -3301000,
          "tax_provision": -5000,
          "net_income": -3296000,
          "net_income_to_common": -3296000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 45781000,
          "total_current_assets": 96607000,
          "total_assets": 102244000,
          "short_term_debt": 2144000,
          "long_term_debt": 804000,
          "total_debt": 2144000,
          "total_liabilities": 63244000,
          "total_equity": 39000000,
          "shares_outstanding": 116573701,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -16461000,
          "capital_expenditure": 81000,
          "free_cash_flow": -16380000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 327000,
          "net_debt_issued": 13226000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 23776000,
          "cost_of_revenue": 21216000,
          "gross_profit": 2560000,
          "ebit": 111588000,
          "ebitda": 111772000,
          "pretax_income": -3301000,
          "tax_provision": -5000,
          "net_income": -3296000,
          "net_income_to_common": -3296000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 45781000,
          "total_current_assets": 96607000,
          "total_assets": 102244000,
          "short_term_debt": 2144000,
          "long_term_debt": null,
          "total_debt": 2144000,
          "total_liabilities": 63244000,
          "total_equity": 39000000,
          "shares_outstanding": 116573701,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": -16461000,
          "capital_expenditure": 81000,
          "free_cash_flow": -16380000,
          "dividends_paid": null,
          "share_repurchases": null,
          "shares_issued": 327000,
          "net_debt_issued": 13226000
        }
      }
    ]
  },
  "strategy_matches": [
    {
      "key": "ebitda_ev",
      "name": "EBITDA/EV Value",
      "slug": "ebitda-ev",
      "group": "value",
      "page_url": "/factors/ebitda-ev/"
    },
    {
      "key": "veiled_value",
      "name": "Veiled Value",
      "slug": "veiled-value",
      "group": "value",
      "page_url": "/factors/veiled-value/"
    },
    {
      "key": "sector_relative",
      "name": "Cheapest in Sector",
      "slug": "sector-relative",
      "group": "value",
      "page_url": "/factors/sector-relative/"
    },
    {
      "key": "risk_adj_momentum",
      "name": "Risk-Adjusted Momentum",
      "slug": "risk-adj-momentum",
      "group": "momentum",
      "page_url": "/factors/risk-adj-momentum/"
    },
    {
      "key": "shareholder_yield",
      "name": "Shareholder Yield",
      "slug": "shareholder-yield",
      "group": "income",
      "page_url": "/factors/shareholder-yield/"
    }
  ],
  "coverage": {
    "factor_history_points": 8,
    "annual_financial_periods": 8,
    "quarterly_financial_periods": 12,
    "latest_factor_week": "2026-07-26",
    "latest_financials_period_end": "2026-03-31"
  },
  "schema": {
    "public_fields_only": true
  }
}