Amaze Holdings Reports 1,884% Revenue Growth but Faces $5.15 Million Net Loss in Latest Quarter

Amaze Holdings, Inc. reported significant financial changes in its latest 10-Q filing for the quarter ending September 30, 2025, reflecting a transformative period following its acquisition of Amaze Software, Inc. The company generated revenues of approximately $1.25 million for the third quarter, a substantial increase of 1,884% compared to $63,209 in the same period last year. For the nine months ended September 30, 2025, total revenues reached $2.18 million, up 817% from $238,261 in the prior year. Despite this revenue growth, Amaze reported a net loss of $5.15 million for the quarter and $12.28 million for the nine-month period, compared to losses of $315,290 and $2.41 million, respectively, in the previous year.

The dramatic increase in revenue is primarily attributed to the integration of Amaze Software's operations, which the company acquired in March 2025. This acquisition has allowed Amaze to pivot towards a platform-based digital commerce model, focusing on enabling creators to monetize their content through direct audience engagement. The company has also expanded its product offerings, which now include e-commerce solutions and a premium wine brand, Fresh Vine. The operational shift has resulted in a notable increase in selling, general, and administrative expenses, which surged to $4.77 million in the third quarter, up from $460,000 a year earlier, largely due to higher personnel costs and marketing expenses associated with the new business model.

Operationally, Amaze has reported a significant increase in customer engagement metrics, with a notable rise in direct-to-consumer sales, which accounted for 66.9% of total revenue in the third quarter. The company has also expanded its geographic reach, with creators operating in over 100 countries, and is actively working to enhance its supply chain by onboarding local suppliers to reduce shipping costs and improve delivery times. The company’s inventory as of September 30, 2025, was approximately $174,189, down from $212,494 at the end of 2024, indicating a strategic focus on managing inventory levels effectively.

Looking ahead, Amaze Holdings has expressed a cautious outlook, emphasizing the need for additional financing to sustain operations and meet liquidity needs. As of September 30, 2025, the company reported a working capital deficit of approximately $26 million, with current liabilities totaling $27.3 million against current assets of $1.29 million. The company has indicated that it may require further debt or equity financing to continue its operations, and the ability to secure such financing remains uncertain. The management has acknowledged that failure to obtain necessary funding could lead to significant operational reductions or even cessation of business activities.