$11.17
-5.4%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. The company was incorporated in 2021 and is based in New York, New York.
Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Neutral working capital impact. Changes in current assets and liabilities balanced out.
Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.
TBMC • NASDAQ
| Trailblazer Merger Corporation I Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
OPERATING ACTIVITIES | |||||
-8.3M | 277.7K | 1.3M | -4K | -1.2K | |
0.0 | 0.0 | -8.8K | 0.0 | 0.0 | |
0.0 | -210.2K | 210.2K | 0.0 | 0.0 | |
0.0 | 0.0 | 207.1K | 0.0 | 0.0 | |
5.7M | -3.3M | -2.6M | 0.0 | 0.0 | |
(0.0) | (347.7K) | (0.0) | (0.0) | (0.0) | |
0.0 | 1.7M | 378.8K | 23K | -23.8K | |
-2.6M | -1.6M | -471.5K | 19K | -25K | |
INVESTING ACTIVITIES | |||||
23.8M | 49.5M | -70.4M | 0.0 | 0.0 | |
(23.8M) | (49.5M) | -70.4M | (0.0) | (0.0) | |
FINANCING ACTIVITIES | |||||
0.0 | -49.8M | 71.9M | 0.0 | 0.0 | |
0.0 | 2.2M | 96.6K | 100K | 0.0 | |
(0.0) | -49.8M | (0.0) | (0.0) | (0.0) | |
-21.9M | -75K | -581.6K | -109.6K | 50K | |
-21.9M | -47.6M | 71.4M | -9.6K | 50K | |
CASH FLOW SUMMARY | |||||
-660.3K | 259K | 573.4K | 9.4K | 25K | |
866.8K | 607.8K | 34.4K | 25K | 0.0 | |
206.5K | 866.8K | 607.8K | 34.4K | 25K | |
-2.6M | -1.6M | -471.5K | 19K | -25K |
TBMC - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-K 10-K 2025 FY FY | March 10, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 09, 2026 | March 03, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 24, 2026 | February 18, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 18, 2026 | February 11, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 05, 2026 | February 03, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 23, 2026 | January 20, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 15, 2026 | January 14, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 06, 2026 | January 05, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 09, 2025 | December 04, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 28, 2025 | November 24, 2025 | 2025 |
Continue your TBMC research with focused valuation guides.
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.