10-Q · May 15, 2026
Amaze Holdings, Inc. reported a significant decline in its financial performance for Q4 2026, showcasing a dramatic drop in revenue and negative earnings per share, signaling challenges post-acquisition of Amaze…
Earnings analysis · 10-Q
AMZE earnings analysis
Filed August 14, 2026 · Our reading of the company's report
The latest report
This 10-Q extract does not include the income statement, balance sheet, cash-flow statement, or MD&A, so revenue, margins, EPS, cash, debt, working capital, operating cash flow, and free cash flow cannot be assessed…
Read full summary
This 10-Q extract does not include the income statement, balance sheet, cash-flow statement, or MD&A, so revenue, margins, EPS, cash, debt, working capital, operating cash flow, and free cash flow cannot be assessed from the filing text provided. The most material signals are ineffective disclosure controls as of June 30, 2026, significant litigation exposure, and heightened delisting risk as the NYSE American low-price threshold is scheduled to rise from $0.10 to $0.25 in October 2026. The company also disclosed a leadership transition, with Joel Krutz serving simultaneously as interim CEO and CFO, and no quantitative guidance was provided.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Michaels litigation concluded
The Timothy Michaels litigation is concluded: the company reported approximately $0 accrued settlement payable at June 30, 2026 versus approximately $27,000 at December 31, 2025, and recovered approximately $45,000 in costs and attorneys’ fees.
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Equity financing remained available
The company issued 1,142,480 common shares under its ELOC during the six months ended June 30, 2026, providing access to equity financing.
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Lease-related award reduced
The G&I IX Aviation award was reduced to approximately $1.2 million, including approximately $1.0 million of liquidated damages and approximately $157,000 of fees, after the company’s objections reduced the fee award by 50%.
What to watch
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Material control weaknesses persist
Management concluded disclosure controls were not effective as of June 30, 2026 because of material weaknesses, including insufficient segregation of duties and inadequate controls over sales refunds, gross-versus-net revenue presentation, foreign-currency cash adjustments, stock issuances, fair values, accounts payable, and gains on extinguishment of liabilities.
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NYSE American delisting risk
The company faces potential NYSE American delisting. Its stock had traded below $0.21 before filing, versus $3.29 on January 2, 2026; the exchange’s low-price threshold is currently $0.10 and is scheduled to increase to $0.25 in October 2026.
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Limited ability to support share price
The company has already completed a 1-for-23 reverse split on June 12, 2025 and a 1-for-8 reverse split on July 24, 2026, producing a cumulative 184-to-1 ratio and limiting further reverse-split capacity under applicable NYSE American rules until June 12, 2027.
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Material litigation and cash exposure
Amaze is appealing a final judgment in the G&I IX Aviation matter totaling approximately $1.2 million, bearing interest at 6% annually from May 15, 2026; approximately $1.3 million was accrued as a settlement payable at both June 30, 2026 and December 31, 2025.
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Outstanding vendor disputes
The company disclosed continued settlement obligations, including approximately $62,000 accrued for Dubow Decorating at June 30, 2026 and approximately $200,000 recorded in accounts payable for DinoCloud at both June 30, 2026 and December 31, 2025.
Management's outlook
The filing does not provide quantitative revenue or EPS guidance, outlook, or capital-spending targets.
Earlier filings 4
10-K · April 1, 2026
The 10-K describes a strategic pivot completed in 2025 from a legacy wine business into a creator-powered commerce platform following the March 7, 2025 acquisition of Amaze Software, Inc. Management emphasizes an…
10-Q · August 14, 2025
Amaze reported Q2 revenue of $869,884 (up from $70,484 in Q2 2024 and $60,214 in Q1 2025), driven by the March acquisition; gross income was $787,512 (90.5% gross margin) but operating loss widened to $(4,285,912) and…
10-Q · May 20, 2025
Amaze Holdings reported revenue of $60,214 for Q1 2025, down from $104,568 in Q1 2024 (a decline of $44,354 or ~42%), while gross loss narrowed to $2,576 versus a $111,248 gross loss a year ago. Operating loss widened…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.