BLZR
BLZR
Trailblazer Acquisition Corp. Class A Ordinary SharesIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $87.29K | $489.32K | 0% | $0.04 | $-87.29K |
What's going well?
The company is earning significant interest income, which more than covers its overhead. There are no debt or tax burdens this quarter.
What's concerning?
The core business has no sales and is running at an operating loss. Profits are entirely from interest, not from selling products or services.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $278.24M ▲ | $278.24M ▲ | $0 ▼ | $0 ▼ |
| Q3-2025 | $1.27M | $277M | $11.79M | $265.21M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $470.52K | $-235.33K | $-275M | $276.5M | $1.27M | $-235.33K |
What's strong about this company's cash flow?
The company managed to raise a large amount of cash ($270.2 million) by selling new shares, so it has cash on hand to keep operating for now.
What are the cash flow concerns?
The business is not generating cash from its core operations and is completely dependent on selling new shares to survive. Existing shareholders are being heavily diluted, and there is no sign of self-sustaining cash flow.
About Trailblazer Acquisition Corp. Class A Ordinary Shares
https://www.trailblazeracq.comUnits of a special purpose acquisition company (SPAC) each consisting of one Class A ordinary share and one-third of a redeemable warrant (whole warrants exercisable at $11.50 per share). The SPAC seeks mergers in media, communications, sports, entertainment, technology, and consumer retail sectors.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $87.29K | $489.32K | 0% | $0.04 | $-87.29K |
What's going well?
The company is earning significant interest income, which more than covers its overhead. There are no debt or tax burdens this quarter.
What's concerning?
The core business has no sales and is running at an operating loss. Profits are entirely from interest, not from selling products or services.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $278.24M ▲ | $278.24M ▲ | $0 ▼ | $0 ▼ |
| Q3-2025 | $1.27M | $277M | $11.79M | $265.21M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $470.52K | $-235.33K | $-275M | $276.5M | $1.27M | $-235.33K |
What's strong about this company's cash flow?
The company managed to raise a large amount of cash ($270.2 million) by selling new shares, so it has cash on hand to keep operating for now.
What are the cash flow concerns?
The business is not generating cash from its core operations and is completely dependent on selling new shares to survive. Existing shareholders are being heavily diluted, and there is no sign of self-sustaining cash flow.
CEO
H. Eric Semler
Compensation Summary
(Year )
Ratings Snapshot
Rating : D+
Price Target
Institutional Ownership
METEORA CAPITAL, LLC
Shares:2.23M
Value:$22.39M
ADAGE CAPITAL PARTNERS GP, L.L.C.
Shares:1.2M
Value:$12.07M
POLAR ASSET MANAGEMENT PARTNERS INC.
Shares:1M
Value:$10.06M
Summary
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