Amaze Holdings (AMZE) Q4 2025 earnings summary

Executive summary

• 2025 was a year of consolidation, platform integration, and strategic transformation, laying the groundwork for scalable, commerce-led growth in 2026.

• Transitioned from Fresh Vine to a creator-powered social commerce platform, integrating Amaze Software and launching AI-driven Moments capability.

• Expanded distribution through the acquisition of Food Channel and developed category-focused networks to connect creators, audiences, and brands.

• Streamlined operations, reduced costs, and positioned for an asset-light, scalable commerce model.

• Saw increased creator adoption, storefront creation, and consumer engagement across multiple verticals.

Financial highlights

• Net revenues for 2025 totaled $2.0 million, with gross merchandise volume reaching $9.4 million.

• Net operating loss was $54.4 million, including $34.3 million in goodwill impairment, $3.3 million in depreciation and amortization, and $2.6 million in equity compensation.

• Selling, general, and administrative expenses were $15.7 million, including one-time legal and professional costs related to the business combination.

Outlook and guidance

• Expects significant reduction in operating costs in 2026 as one-time expenses conclude.

• Anticipates continued platform expansion in 2026, driven by growth in creator commerce activity and increased GMV.

• Plans to expand revenue streams through commerce, data monetization, and distribution, with additional platform capabilities to be rolled out in 2026.