TBMC

MKT CAP:$33M

Trailblazer Merger Corporation I

Market Cap

$33M

Financial Services·Shell Companies·🇺🇸 United States·NASDAQ

Financials·Shell Companies·🇺🇸·NASDAQ

Stock Price

$7.32-$6.58 (-47.34%)

Mar 26, 2026

Company Details

Trailblazer Merger Corporation I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Th...

CEO

Yosef Eichorn

IPO Date

May 15, 2023

Website

trailblazermergercorp.com

Key Metrics TTM

Revenue

$0

— YoY

Net Income

-$8M

EPS (Diluted)

-$2.08

Free Cash Flow

-$3M

Revenue / Share

$0.00

Gross Margin

—

Operating Margin

—

Net Margin

—

FCF Margin

—

P/S

—

P/E

—

Earnings Reports

FY 2025

Mar 9, 2026

$0EPS -$2.08

Q4 2025

Mar 9, 2026

$0EPS -$1.11

Q3 2025

Nov 21, 2025

$0EPS -$0.82

Q2 2025

Aug 13, 2025

$0EPS -$0.05

Q1 2025

May 14, 2025

$0EPS -$0.10

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$0	$0	-$625
Q3 22	$0	$0	-$1.3K
Q4 22	$0	$0	-$2.0K
Q1 23	$0	$0	-$260.1K
Q2 23	$0	$0	-$185.6K
Q3 23	$0	$0	-$194.1K
Q4 23	$0	$0	-$110.9K
Q1 24	$0	$0	-$388.3K
Q2 24	$0	$0	-$572.5K
Q4 24	$0	$0	-$799.7K
Q1 25	$0	$0	-$665.7K
Q2 25	$0	$0	-$445.6K
Q3 25	$0	$0	-$563.8K
Q4 25	$0	$0	-$889.3K

Valuation

Quarter	P/S	P/E
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	666.6x
Q3 23	—	140.8x
Q4 23	—	70.1x
Q1 24	—	48.6x
Q2 24	—	53.1x
Q4 24	—	106.9x
Q1 25	—	—
Q2 25	—	—
Q3 25	—	—
Q4 25	—	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$6.0K	-$6.0K
Q2 22	$30.8K	$30.8K
Q3 22	-$5.8K	-$5.8K
Q4 22	$0	$0
Q1 23	-$35.4K	-$35.4K
Q2 23	-$315.9K	-$315.9K
Q3 23	-$56.0K	-$56.0K
Q4 23	-$64.2K	-$64.2K
Q1 24	-$182.1K	-$182.1K
Q2 24	-$177.4K	-$177.4K
Q4 24	-$718.6K	-$718.6K
Q1 25	-$253.9K	-$253.9K
Q2 25	-$423.1K	-$423.1K
Q3 25	-$1M	-$1M
Q4 25	-$447.6K	-$447.6K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 23	—	+29593.9%
Q3 23	—	+14328.8%
Q4 23	—	+5308.6%
Q1 24	—	+49.3%
Q2 24	—	+208.5%
Q4 24	—	+312.1%
Q1 25	—	+500.4%
Q2 25	—	+14.8%
Q3 25	—	-1.5%
Q4 25	—	+11.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	—
Q2 22	$0	—
Q3 22	$0	—
Q4 22	$0	—
Q1 23	$207.1K	—
Q2 23	$0	—
Q3 23	$0	—
Q4 23	$0	—
Q1 24	$0	—
Q2 24	$0	—
Q4 24	$0	—
Q1 25	$0	—
Q2 25	$0	—
Q3 25	$0	—
Q4 25	$0	—

OpEx Breakdown

Quarter	G&A	SG&A
Q2 22	—	$625
Q3 22	—	$1.3K
Q4 22	—	$2.0K
Q1 23	—	$260.1K
Q2 23	—	$185.6K
Q3 23	—	$194.1K
Q4 23	—	$110.9K
Q1 24	—	$388.3K
Q4 24	—	$799.7K
Q1 25	$665.7K	—
Q2 25	$445.6K	—
Q3 25	—	$563.8K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$19.0K	$0	$19.0K
Q2 22	$73.0K	$0	$73.0K
Q3 22	$34.4K	$0	$34.4K
Q4 22	$34.4K	$0	$34.4K
Q1 23	$1M	$0	$1M
Q2 23	$731.5K	$0	$731.5K
Q3 23	$675.5K	$0	$675.5K
Q4 23	$607.8K	$0	$607.8K
Q1 24	$578.6K	$0	$578.6K
Q3 24	$108.5K	$108.5B	$108.5B
Q4 24	$63.8K	$0	$63.8K
Q1 25	$37.3K	$0	$37.3K
Q2 25	$99.4K	$0	$99.4K
Q3 25	$19.2K	$0	$19.2K
Q4 25	$85.4K	$0	$85.4K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	8M	—	—
Q3 22	8M	0.0%	—
Q4 22	8M	0.0%	—
Q1 23	9M	+14.7%	—
Q2 23	9M	0.0%	+14.7%
Q3 23	9M	0.0%	+14.7%
Q4 23	9M	0.0%	+14.7%
Q1 24	9M	-0.0%	-0.0%
Q2 24	9M	+0.0%	0.0%
Q4 24	4M	-50.1%	-50.1%
Q1 25	4M	-0.0%	-50.1%
Q2 25	4M	+0.0%	-50.1%
Q3 25	4M	-0.5%	-50.4%
Q4 25	4M	-11.2%	-11.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q4 24	$0	2
Q1 25	$0	2
Q2 25	$0	2
Q3 25	$0	2
Q4 25	$0	2

Revenue / Employee