Amaze Holdings, Inc. reported significant financial developments in its latest 10-Q filing for the quarter ending March 31, 2026. The company generated net revenues of $469,053, a substantial increase of 679% compared to $60,214 in the same period last year. This growth is primarily attributed to the acquisition of Amaze Software, which was completed in March 2025, allowing the company to expand its revenue streams significantly. Despite the increase in revenue, Amaze reported a net loss of $5.6 million, up from a loss of $2.1 million in the prior year, reflecting higher operational costs associated with the integration of the new business.
The company's cost of revenues decreased to $35,658 from $62,790, contributing to a gross income of $433,395, a notable recovery from a gross loss of $2,576 in the previous year. However, selling, general, and administrative expenses surged to $4.5 million, up from $1.9 million, driven by increased marketing and operational costs related to the new business model. The company also recognized approximately $160,000 in equity-based compensation for the first time, reflecting its strategy to incentivize employees and align their interests with those of shareholders.
Amaze Holdings has also made strategic moves to enhance its operational capabilities. The company reported a working capital deficit of approximately $22.2 million as of March 31, 2026, with total current liabilities amounting to $24.3 million against current assets of $2.1 million. The company’s cash position decreased to $849,856 from $2.9 million at the end of the previous fiscal year, indicating a need for additional capital to sustain operations. The company has indicated that it may require further debt or equity financing to meet its operational needs and continue its growth trajectory.
In terms of operational metrics, Amaze Holdings reported a Gross Merchandise Value (GMV) of $1.7 million for the quarter, a significant increase from $174,000 in the prior year. This metric reflects the total dollar value of orders facilitated through its platform, indicating strong engagement and sales activity. The company operates in over 100 countries, and its strategic focus on expanding its creator-focused e-commerce platform is expected to drive further growth.
Looking ahead, Amaze Holdings remains cautious about its financial outlook, emphasizing the need for additional capital to support its operations. The company has expressed concerns about its ability to continue as a going concern if it cannot secure the necessary financing. Management is actively exploring options to raise funds through equity and debt offerings, while also focusing on enhancing its operational efficiencies and expanding its market presence.
About AMAZE HOLDINGS, INC.
Amaze Holdings, Inc. produces low-carb, low-calorie, premium wines in the U.S., focusing on health-conscious consumers seeking quality and taste. The company offers varietals like Cabernet Sauvignon, Pinot Noir, and Chardonnay, produced in Napa Valley. Its business model emphasizes brand differentiation, strategic distribution, and direct-to-consumer sales, leveraging third-party supply chain partners and innovative marketing to compete in the premium wine market.
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