Revenue remains highly erratic, with 2026Q1 results of $469.1K failing to offset SG&A expenses of $4.7M, resulting in a negative 12.0% net margin.
| Sales/Revenue | 2.38M | 1.97M | 299.06K | 1.83M | 2.86M | 1.7M | 217.07K | 0 |
| Revenue Growth % | 832.82% | 557.77% | -83.62% | -36.15% | 68.21% | 683.24% | - | - |
| Cost of Goods Sold | 1.41M | 396.64K | 304.88K | 4.41M | 2.55M | 1.14M | 175.32K | 9 |
| COGS % of Revenue | - | 20.16% | 101.95% | 241.6% | 89.2% | 66.77% | 80.77% | - |
| Gross Profit | 962.9K | 1.57M | -5.82K | -2.59M | 308.99K | 564.94K | 41.75K | -9 |
| Gross Margin % | 40.53% | 79.84% | -1.95% | -141.6% | 10.8% | 33.23% | 19.23% | - |
| Gross Profit Growth % | - | 27089.38% | 99.78% | -936.89% | -45.31% | 1253.18% | 463977.78% | - |
| Operating Expenses | 24.47M | 21.67M | 3.12M | 8.03M | 15.54M | 10.53M | 1.33M | 437.12K |
| OpEx % of Revenue | - | 1101.54% | 1042.95% | 439.74% | 543.46% | 619.42% | 614.09% | - |
| Selling, General & Admin | 21.13M | 18.32M | 3.12M | 8.03M | 15.54M | 10.53M | 1.33M | 437.12K |
| SG&A % of Revenue | - | 931.41% | 1042.95% | 439.74% | 543.46% | 619.42% | 614.09% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1M | 3.35M | 0 | 0 | 31.43K | 908 | 245 | 0 |
| Operating Income | -23.51M | -20.1M | -3.12M | -10.62M | -15.23M | -9.97M | -1.29M | -437.12K |
| Operating Margin % | -989.5% | -1021.7% | -1044.89% | -581.34% | -532.66% | -586.2% | -594.86% | - |
| Operating Income Growth % | - | -543.17% | 70.57% | 30.31% | -52.85% | -671.83% | -195.41% | - |
| EBITDA | -19.11M | -16.75M | -2.36M | -10.62M | -15.23M | -9.97M | -1.29M | -437.11K |
| EBITDA Margin % | -804.12% | -851.57% | -790.32% | -581.27% | -532.52% | -586.17% | -594.71% | - |
| EBITDA Growth % | -528.7% | -608.74% | 77.73% | 30.3% | -52.82% | -671.99% | -195.34% | - |
| D&A (Non-Cash Add-back) | 4.4M | 3.35M | 0 | 1.3K | 3.99K | 472 | 317 | 9 |
| EBIT | -56.88M | -20.1M | -2.36M | -10.62M | -15.23M | -9.97M | -1.29M | -432.12K |
| Net Interest Income | -1.64M | -1.74M | -118.43K | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 36.98K | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1.64M | 1.74M | 155.41K | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -35.18M | -35.07M | 605.92K | 1.3K | 31.43K | 908 | -205.73K | -211.06K |
| Pretax Income | -58.69M | -55.17M | -2.52M | -10.62M | -15.2M | -9.97M | -1.5M | -432.12K |
| Pretax Margin % | -2469.96% | -2804.33% | -842.29% | -581.27% | -531.56% | -586.14% | -689.63% | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | -205.98K | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 13.76% | 0% |
| Net Income | -58.71M | -55.17M | -2.52M | -10.62M | -15.17M | -9.97M | -1.29M | -432.12K |
| Net Margin % | -2471.1% | -2804.33% | -842.29% | -581.27% | -530.46% | -586.14% | -594.74% | - |
| Net Income Growth % | -1628.95% | -2089.98% | 76.27% | 30.03% | -52.23% | -671.91% | -198.77% | - |
| Net Income (Continuing) | -58.69M | -55.17M | -2.52M | -10.62M | -15.2M | -9.97M | -1.29M | -432.12K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -8.67 | -8.18 | -0.17 | -0.70 | -1.12 | -0.75 | -0.10 | -0.44 |
| EPS Growth % | -3746.5% | -4711.76% | 75.71% | 37.5% | -49.33% | -667.66% | 77.8% | - |
| EPS (Basic) | - | -8.18 | -0.17 | -0.70 | -1.12 | -0.75 | -0.10 | -0.44 |
| Diluted Shares Outstanding | 6.77M | 6.77M | 15.98M | 15.33M | 13.6M | 13.22M | 13.22M | 977.35K |
| Basic Shares Outstanding | 6.77M | 6.77M | 15.98M | 15.33M | 13.6M | 13.22M | 13.22M | 977.35K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Unsustainable Operating Burn Rate
According to the provided quarterly income statements, AMZE's revenue trajectory remains highly erratic, oscillating between significant growth and contraction, with the most recent 2026Q1 figure of $469.1K failing to demonstrate a consistent upward trend despite the company's aggressive efforts to scale its market presence.
The revenue volatility suggests that the company's reliance on episodic retail load-ins or marketing-driven spikes may be masking a lack of underlying organic demand. Investors should monitor whether the company can transition from these sporadic revenue bursts to a predictable, recurring model, as current figures appear insufficient to support the existing cost structure.
As reported in financial statements, AMZE's SG&A expenses consistently dwarf quarterly revenue, reaching $4.7M in 2026Q1 against a top-line of only $469.1K, which indicates that the firm's current operational model is heavily dependent on high-cost customer acquisition strategies that have yet to yield economies of scale.
The disproportionate allocation of capital toward SG&A suggests a management team prioritizing rapid brand visibility over operational efficiency. This cost structure warrants further investigation into the return on investment for these marketing expenditures, as the current burn rate appears to be disconnected from the company's ability to generate sustainable gross profit.
Based on the company's historical filings, gross margins have fluctuated wildly, swinging from a negative 130.1% in 2026Q1 to a positive 178.3% in 2025Q4, highlighting a fundamental lack of pricing power and significant volatility in the underlying cost of goods sold.
Such extreme margin swings suggest that the company may be struggling with inconsistent production costs or accounting adjustments that distort the true profitability of its core offerings. This instability makes it difficult to assess the long-term viability of the business model, as the firm has yet to establish a stable, positive gross margin floor.
Data from recent income statements indicates that AMZE's net margin of -12.0% in 2026Q1, while improved from previous periods, still reflects a business model that is fundamentally reliant on external capital to bridge the massive gap between operating expenses and realized revenue.
Short-sellers would likely focus on the persistent inability of the company to achieve operating leverage, as SG&A costs remain stubbornly high relative to revenue growth. The discrepancy between the company's 'Software' industry classification and its actual operational performance suggests that the market may be mispricing the firm's potential as a tech-enabled platform.
Quick answers to the most common questions about buying AMZE stock.
For fiscal year 2025, Amaze Holdings, Inc. (AMZE) reported total revenue of $2.0M.
Amaze Holdings, Inc. (AMZE) reported a net loss of $55.2M for the fiscal year ending 2025.
Amaze Holdings, Inc. (AMZE) reported an operating income of $-20.1M, resulting in an operating profit margin of -1021.7%. This margin reflects the operational efficiency of the business before interest and taxes.
Amaze Holdings, Inc. (AMZE) generated $1.6M in gross profit for the year, representing a gross profit margin of 79.8%. This demonstrates the company's core pricing power and production efficiency.