Trailblazer Merger Corp I — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Trailblazer Merger Corp I filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($8.29M) | Mar 10, 2026 |
| FY2025 | Dec 31, 2024 | $277.7K | Mar 10, 2026 |
| FY2024 | Dec 31, 2023 | $1.35M | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | ($4.0K) | Mar 29, 2024 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($2.56M) | Mar 10, 2026 |
| FY2025 | Dec 31, 2024 | ($2.29M) | Mar 10, 2026 |
| FY2024 | Dec 31, 2023 | ($543.5K) | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | ($4.0K) | Mar 29, 2024 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($2.55M) | Mar 10, 2026 |
| FY2025 | Dec 31, 2024 | ($1.56M) | Mar 10, 2026 |
| FY2024 | Dec 31, 2023 | ($471.5K) | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | $19.0K | Mar 29, 2024 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.31M | Mar 10, 2026 |
| FY2025 | Dec 31, 2024 | $27.73M | Mar 10, 2026 |
| FY2024 | Dec 31, 2023 | $73.77M | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | $301.9K | Mar 29, 2024 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $16.24M | Mar 10, 2026 |
| FY2025 | Dec 31, 2024 | $7.18M | Mar 10, 2026 |
| FY2024 | Dec 31, 2023 | $3.22M | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | $282.0K | Mar 29, 2024 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($15.94M) | Mar 10, 2026 |
| FY2025 | Dec 31, 2024 | ($6.08M) | Mar 10, 2026 |
| FY2025 | Dec 31, 2023 | ($1.68M) | Mar 10, 2026 |
| FY2024 | Dec 31, 2022 | $19.8K | Mar 25, 2025 |
| FY2023 | Dec 31, 2021 | ($1.2K) | Mar 29, 2024 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($15.94M) | Mar 10, 2026 |
| FY2025 | Dec 31, 2024 | ($6.08M) | Mar 10, 2026 |
| FY2024 | Dec 31, 2023 | ($1.68M) | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | ($5.2K) | Mar 29, 2024 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $85.4K | Mar 10, 2026 |
| FY2025 | Dec 31, 2024 | $63.8K | Mar 10, 2026 |
| FY2024 | Dec 31, 2023 | $607.8K | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | $34.4K | Mar 29, 2024 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | 0 | Mar 29, 2024 |
| FY2023 | Dec 31, 2022 | 0 | Mar 29, 2024 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | 0 | Mar 29, 2024 |
| FY2023 | Dec 31, 2022 | 0 | Mar 29, 2024 |