Amaze (AMZE)
Market Price (8/25/2026): $0.1774 | Market Cap: $1.3 MilSector: Information Technology | Industry: Application Software
Amaze (AMZE)
Market Price (8/25/2026): $0.1774Market Cap: $1.3 MilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 102% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -78% | Weak multi-year price returns2Y Excs Rtn is -136%, 3Y Excs Rtn is -175% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15% | Penny stockMkt Price is 0.2 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -24 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1124% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 270% Weak revenue growthRev Chg QQuarterly Revenue Change % is -29% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 129% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -978%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1001% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4364% High stock price volatilityVol 12M is 289% Key risksAMZE key risks include [1] substantial doubt about its ability to continue as a going concern due to poor financial health, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 102% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -78% |
| Weak multi-year price returns2Y Excs Rtn is -136%, 3Y Excs Rtn is -175% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15% |
| Penny stockMkt Price is 0.2 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -24 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1124% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 270% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -29% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 129% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -978%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1001% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4364% |
| High stock price volatilityVol 12M is 289% |
| Key risksAMZE key risks include [1] substantial doubt about its ability to continue as a going concern due to poor financial health, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 8/12/2026
Amaze (AMZE) stock has lost about 85% since 4/30/2026 because of the following key factors:
1. Persistent Financial Underperformance.
Amaze (AMZE) has consistently reported significant net losses and low revenue, contributing heavily to its stock decline. For fiscal Q1 2026, which ended March 31, 2026, the company reported an Earnings Per Share (EPS) of -$1.28 and quarterly revenue of $0.47 million. The net income for this quarter was -$5.61 million. Annually, Amaze reported a net loss of -$55.3 million for fiscal year 2025.
2. NYSE Listing Non-Compliance and Drastic Reverse Stock Split.
The company faced severe issues with its stock trading price, leading to a trading halt by NYSE Regulation on July 13, 2026, due to an "abnormally low trading price." To regain compliance with NYSE American listing standards, Amaze effected a 1-for-8 reverse stock split, which became effective on July 27, 2026. This action, often a sign of a company struggling to maintain its market value, resulted in a sharp negative market reaction, with the stock declining by 58.50% in the July 27 session.
Show more
Amaze (AMZE) stock has lost about 85% since 4/30/2026 because of the following key factors:
1. Persistent Financial Underperformance.
Amaze (AMZE) has consistently reported significant net losses and low revenue, contributing heavily to its stock decline. For fiscal Q1 2026, which ended March 31, 2026, the company reported an Earnings Per Share (EPS) of -$1.28 and quarterly revenue of $0.47 million. The net income for this quarter was -$5.61 million. Annually, Amaze reported a net loss of -$55.3 million for fiscal year 2025.
2. NYSE Listing Non-Compliance and Drastic Reverse Stock Split.
The company faced severe issues with its stock trading price, leading to a trading halt by NYSE Regulation on July 13, 2026, due to an "abnormally low trading price." To regain compliance with NYSE American listing standards, Amaze effected a 1-for-8 reverse stock split, which became effective on July 27, 2026. This action, often a sign of a company struggling to maintain its market value, resulted in a sharp negative market reaction, with the stock declining by 58.50% in the July 27 session.
Show more
Updated on 8/12/2026
Amaze (AMZE) stock has lost about 85% since 4/30/2026 because of the following key factors:
1. Persistent Financial Underperformance.
Amaze (AMZE) has consistently reported significant net losses and low revenue, contributing heavily to its stock decline. For fiscal Q1 2026, which ended March 31, 2026, the company reported an Earnings Per Share (EPS) of -$1.28 and quarterly revenue of $0.47 million. The net income for this quarter was -$5.61 million. Annually, Amaze reported a net loss of -$55.3 million for fiscal year 2025.
2. NYSE Listing Non-Compliance and Drastic Reverse Stock Split.
The company faced severe issues with its stock trading price, leading to a trading halt by NYSE Regulation on July 13, 2026, due to an "abnormally low trading price." To regain compliance with NYSE American listing standards, Amaze effected a 1-for-8 reverse stock split, which became effective on July 27, 2026. This action, often a sign of a company struggling to maintain its market value, resulted in a sharp negative market reaction, with the stock declining by 58.50% in the July 27 session.
3. Substantial Share Dilution.
Existing shareholders experienced significant dilution, with the total number of shares outstanding growing by 969.6% over the past year. This massive increase in the share count diminishes the value of each individual share, contributing to the overall stock price depreciation.
4. Leadership Instability.
A leadership transition occurred on August 3, 2026, when Aaron Day stepped down as Chairman and Chief Executive Officer, although he remains a director. Joel Krutz, the Chief Financial Officer, was appointed interim CEO. Such changes in top leadership, especially following a period of steep stock decline and financial challenges, often signal underlying operational or strategic difficulties and can introduce further uncertainty among investors.
Show less
Amaze (AMZE) stock has lost about 85% since 4/30/2026 because of the following key factors:
1. Persistent Financial Underperformance.
Amaze (AMZE) has consistently reported significant net losses and low revenue, contributing heavily to its stock decline. For fiscal Q1 2026, which ended March 31, 2026, the company reported an Earnings Per Share (EPS) of -$1.28 and quarterly revenue of $0.47 million. The net income for this quarter was -$5.61 million. Annually, Amaze reported a net loss of -$55.3 million for fiscal year 2025.
2. NYSE Listing Non-Compliance and Drastic Reverse Stock Split.
The company faced severe issues with its stock trading price, leading to a trading halt by NYSE Regulation on July 13, 2026, due to an "abnormally low trading price." To regain compliance with NYSE American listing standards, Amaze effected a 1-for-8 reverse stock split, which became effective on July 27, 2026. This action, often a sign of a company struggling to maintain its market value, resulted in a sharp negative market reaction, with the stock declining by 58.50% in the July 27 session.
3. Substantial Share Dilution.
Existing shareholders experienced significant dilution, with the total number of shares outstanding growing by 969.6% over the past year. This massive increase in the share count diminishes the value of each individual share, contributing to the overall stock price depreciation.
4. Leadership Instability.
A leadership transition occurred on August 3, 2026, when Aaron Day stepped down as Chairman and Chief Executive Officer, although he remains a director. Joel Krutz, the Chief Financial Officer, was appointed interim CEO. Such changes in top leadership, especially following a period of steep stock decline and financial challenges, often signal underlying operational or strategic difficulties and can introduce further uncertainty among investors.
Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →
Stock Movement Drivers
Fundamental Drivers
The -84.8% change in AMZE stock from 4/30/2026 to 8/24/2026 was primarily driven by a -73.5% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 8242026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.18 | 0.18 | -84.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2 | 2 | 8.1% |
| P/S Multiple | 2.4 | 0.6 | -73.5% |
| Shares Outstanding (Mil) | 4 | 7 | -46.8% |
| Cumulative Contribution | -84.8% |
Market Drivers
4/30/2026 to 8/24/2026| Return | Correlation | |
|---|---|---|
| AMZE | -84.8% | |
| Market (SPY) | 6.2% | 7.2% |
| Sector (XLK) | 12.9% | 7.2% |
Fundamental Drivers
The -95.2% change in AMZE stock from 1/31/2026 to 8/24/2026 was primarily driven by a -89.7% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 1312026 | 8242026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.72 | 0.18 | -95.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2 | 2 | -5.3% |
| P/S Multiple | 1.3 | 0.6 | -50.8% |
| Shares Outstanding (Mil) | 1 | 7 | -89.7% |
| Cumulative Contribution | -95.2% |
Market Drivers
1/31/2026 to 8/24/2026| Return | Correlation | |
|---|---|---|
| AMZE | -95.2% | |
| Market (SPY) | 10.6% | 8.4% |
| Sector (XLK) | 25.3% | 8.4% |
Fundamental Drivers
The -99.5% change in AMZE stock from 7/31/2025 to 8/24/2026 was primarily driven by a -98.8% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 7312025 | 8242026 | Change |
|---|---|---|---|
| Stock Price ($) | 36.60 | 0.18 | -99.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 2 | 734.6% |
| P/S Multiple | 13.1 | 0.6 | -95.2% |
| Shares Outstanding (Mil) | 0 | 7 | -98.8% |
| Cumulative Contribution | -99.5% |
Market Drivers
7/31/2025 to 8/24/2026| Return | Correlation | |
|---|---|---|
| AMZE | -99.5% | |
| Market (SPY) | 21.8% | 14.1% |
| Sector (XLK) | 37.6% | 12.6% |
Fundamental Drivers
The -99.8% change in AMZE stock from 7/31/2023 to 8/24/2026 was primarily driven by a -99.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 7312023 | 8242026 | Change |
|---|---|---|---|
| Stock Price ($) | 87.90 | 0.18 | -99.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2 | 2 | -9.1% |
| P/S Multiple | 2.7 | 0.6 | -77.1% |
| Shares Outstanding (Mil) | 0 | 7 | -99.0% |
| Cumulative Contribution | -99.8% |
Market Drivers
7/31/2023 to 8/24/2026| Return | Correlation | |
|---|---|---|
| AMZE | -99.8% | |
| Market (SPY) | 72.7% | 11.5% |
| Sector (XLK) | 105.7% | 11.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AMZE Return | -28% | -81% | -7% | -36% | -97% | -94% | -100% |
| Peers Return | 16% | -44% | 45% | 29% | 6% | 6% | 36% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| AMZE Win Rate | 0% | 25% | 58% | 25% | 17% | 25% | |
| Peers Win Rate | 53% | 31% | 56% | 56% | 44% | 42% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| AMZE Max Drawdown | - | -86% | -87% | -72% | -99% | -98% | |
| Peers Max Drawdown | -31% | -58% | -37% | -31% | -38% | -38% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SHOP, ETSY, GDDY.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/24/2026 (YTD)
How Low Can It Go
| Event | AMZE | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -62.9% | -7.8% |
| % Gain to Breakeven | 169.4% | 8.5% |
| Time to Breakeven | 48 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -37.7% | -9.5% |
| % Gain to Breakeven | 60.5% | 10.5% |
| Time to Breakeven | 11 days | 24 days |
In The Past
Amaze's stock fell -62.9% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 169.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | AMZE | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -62.9% | -7.8% |
| % Gain to Breakeven | 169.4% | 8.5% |
| Time to Breakeven | 48 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -37.7% | -9.5% |
| % Gain to Breakeven | 60.5% | 10.5% |
| Time to Breakeven | 11 days | 24 days |
In The Past
Amaze's stock fell -62.9% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 169.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Amaze (AMZE)
```html
Amaze (AMZE), operating as Fresh Vine Wine, Inc., is a U.S.-based company specializing in the production and sale of premium low-carb and low-calorie wines. Founded in 2019 and headquartered in Plymouth, Minnesota, the company targets health-conscious consumers seeking lighter wine options.
The company's product portfolio includes popular varietals such as Cabernet Sauvignon, Pinot Noir, Chardonnay, and Rosé. Fresh Vine Wine distributes its products across the United States and Puerto Rico through a multi-channel approach, leveraging wholesale, retail, and direct-to-consumer sales to reach its customer base effectively.
```AI Analysis | Feedback
Fresh Vine Wine, Inc. is like a:
Diet Coke for wine
Halo Top for wine
AI Analysis | Feedback
- Cabernet Sauvignon Wine: A low-carb and low-calorie red wine varietal offered by the company.
- Pinot Noir Wine: A low-carb and low-calorie red wine varietal sold by the company.
- Chardonnay Wine: A low-carb and low-calorie white wine varietal produced by the company.
- Rose Wine: A low-carb and low-calorie pink wine varietal available from the company.
AI Analysis | Feedback
Amaze (AMZE) serves the following major customer categories based on its operational channels:
-
Wholesale Customers: These include various businesses such as wine distributors, restaurants, hotels, and large retail chains that purchase Fresh Vine Wine products in bulk for resale or use in their establishments.
-
Retail Shoppers: Individual consumers who purchase Fresh Vine Wine products from third-party retail outlets like grocery stores and liquor stores where the company's wines are stocked.
-
Direct-to-Consumer Customers: Individuals who purchase wine directly from Amaze (AMZE) through its own channels, such as its website or direct shipping programs.
AI Analysis | Feedback
null
AI Analysis | Feedback
Aaron Day, Chief Executive Officer
Aaron Day brings over two decades of executive leadership experience, with a track record of successfully scaling companies across multiple industries, including technology and industrial manufacturing. He previously served as CEO of several companies, including Trend, and held key leadership roles with organizations such as Canva, where he contributed to its growth within the digital design space. Day previously led Amaze Software, Inc., which was acquired by Fresh Vine Wine, Inc., resulting in the formation of Amaze Holdings, Inc..
Keith Johnson, Chief Financial Officer
Keith Johnson is an accomplished senior executive and corporate officer with experience in business and technology management, accounting systems, financial controls, and business development. He most recently served as Chief Financial Officer of Fresh Vine Wine. Prior to that, he held various leadership positions at Watertech Equipment & Sales, Hudson Technologies, Efficiency Technologies, and YRT. Johnson also serves on the board of directors for Amergent Hospitality Group Inc., where he is the chairman of its audit committee and a member of its compensation committee.
Gwan Yip, Chief Product Officer
Gwan Yip brings extensive experience in e-commerce, product development, and technology innovation to Amaze. He began his career by establishing e-commerce divisions for fashion retailers in the early 2000s. Later, Yip founded a product-focused development agency and served as CEO and Co-Founder of Core3D, a web-based 3D design platform that partnered with brands like Theory and Brooks Brothers.
Danielle Pederson, Senior Vice President of Marketing
Danielle Pederson has over 15 years of marketing leadership experience, with deep expertise in brand development, demand generation, and community engagement. Before joining Amaze, she led strategic marketing initiatives across a range of industries, aligning creative vision with data-driven execution.
Michael Pruitt, Vice-Chairman of the Board
Michael Pruitt serves as the Vice-Chairman of the Board for Amaze, and he played a role in the new officer appointments for Amaze Holdings, Inc..
AI Analysis | Feedback
The key risks to Amaze (AMZE), based on its description as Fresh Vine Wine, Inc., a producer and seller of low-carb and low-calorie wines, are as follows:
Key Business Risks for Amaze (AMZE)
- Intense Competition and Shifting Consumer Preferences: Fresh Vine Wine operates in a specialized segment of the highly competitive wine market (low-carb, low-calorie wines). The business is vulnerable to rapid changes in consumer health trends, dietary preferences, and overall alcohol consumption patterns, which could significantly impact demand for its niche products. The broader wine industry is also experiencing declining sales among younger demographics and increasing negative perceptions of wine's health benefits, potentially affecting all wine categories, including specialized ones.
- Dependence on the Three-Tier Distribution System: In the United States, Fresh Vine Wine relies heavily on a three-tier distribution system involving third-party distributors to reach its wholesale and retail channels. Consolidation among these distributors or retailers, or a decrease in demand from distributors, could materially and adversely affect the company's sales and profitability.
- Supply Chain Vulnerabilities and Production Challenges: As a wine producer, Fresh Vine Wine faces inherent risks related to securing a consistent supply of quality grapes, which can be impacted by climate variability, adverse weather patterns, pests, and diseases. Furthermore, the wine industry broadly experiences supply chain disruptions, including shortages of raw materials like bottles, and labor challenges, which can lead to increased production costs and limit capacity.
AI Analysis | Feedback
null
AI Analysis | Feedback
The public company Amaze (symbol: AMZE), which previously operated as Fresh Vine Wine, Inc., has undergone a significant business transformation. While the company initially focused on producing and selling low-carb and low-calorie wines, its main products and services have shifted following a merger with Amaze Software, Inc. in March 2025. The company is now primarily a creator-powered commerce platform.
For its current main business, the creator-powered commerce platform, the global total addressable market is estimated to be $3 trillion.
For its legacy wine products, the "better-for-you" sector of the U.S. wine market, which includes low-calorie wines, reached $788.5 million in sales in 2023. This segment has shown impressive double-digit growth. The broader U.S. organic wine market was estimated at $1,012.5 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 10.2% from 2025 to 2030.
AI Analysis | Feedback
Amaze Holdings, Inc. (AMZE), formerly Fresh Vine Wine, Inc., has undergone a significant strategic transformation, pivoting its business model through the acquisition of Amaze Software, Inc.. This shift positions Amaze as a creator-powered commerce platform, and its future revenue growth over the next 2-3 years is expected to be driven primarily by the following factors:
- Expansion of the Creator-Powered Commerce Platform: Amaze is focused on growing its creator base and expanding the range of products and services offered through its platform. The company reported significant growth with 1.4 million new creators joining the platform in 2024, and it continues to provide tools for product creation, marketing, and sales to help creators monetize their influence. This expansion of the platform is central to increasing revenue opportunities for creators and, consequently, for Amaze Holdings, Inc..
- Global Market Expansion and Enhanced Fulfillment Capabilities: The company has expanded its global fulfillment capabilities by adding new facilities in key international markets such as India and Mexico. These expanded capabilities are expected to facilitate access to high-growth markets, improve logistics, and accelerate revenue growth by enabling creators to reach a wider international audience.
- Strategic Partnerships and Platform Integrations: Amaze has formed strategic partnerships, including those with Adobe Express and Pietra, and integrated its platform with major social media channels like YouTube, TikTok Shops, Twitch, Discord, OnlyFans, and LinkTree. These collaborations are anticipated to broaden the company's distribution channels and unlock new revenue streams by increasing the reach and engagement of its creator network.
- Introduction of New Product Categories for Creators: A key outcome of the merger is the ability for Amaze to introduce wine and spirits into its product catalog, allowing creators to launch their own branded selections through the platform. This expansion into premium product lines, leveraging Fresh Vine Wine's expertise, creates new and diversified revenue opportunities by enabling creators to deepen fan connections with exclusive, custom-branded items.
- Operational Efficiencies and Synergy from the Acquisition: The strategic integration of Amaze Software's digital commerce platform is expected to generate cost savings through operational efficiencies and back-office consolidation. While directly impacting profitability, these efficiencies are also cited as supporting stronger revenue potential by enabling the company to scale operations more effectively and invest in new distribution channels and product innovation.
AI Analysis | Feedback
Share Issuance
- Fresh Vine Wine, Inc. completed an Initial Public Offering (IPO) in December 2021, selling 2,200,000 shares of common stock at $10.00 per share, raising approximately $22 million.
- The company concluded a subscription rights offering in March 2023, generating net proceeds of approximately $2.7 million.
- In the first half of 2025, Amaze Holdings, Inc. (formerly Fresh Vine Wine, Inc.) raised $855,000 from a preferred stock offering and $4,732,000 from the issuance of notes payable.
Inbound Investments
- Fresh Vine Wine, Inc. received approximately $22 million in funding from its Initial Public Offering (IPO) in December 2021.
- On February 6, 2025, the company secured a $1.5 million Post IPO funding round.
- Amaze Holdings, Inc. entered into a securities purchase agreement with Parler Cloud, resulting in a $6.0 million investment in exchange for shares and a warrant to purchase additional shares.
Outbound Investments
- Fresh Vine Wine, Inc. completed the strategic acquisition of Amaze Software, Inc. in March 2025, subsequently changing its corporate name to Amaze Holdings, Inc. and its ticker symbol to AMZE.
- The aggregate merger consideration for the acquisition of Amaze Software included 750,000 shares of Series D Convertible Preferred Stock and warrants to purchase 8,750,000 shares of common stock.
- This business combination contributed approximately $98 million in goodwill and intangibles to Amaze Holdings, Inc.
Capital Expenditures
- The company's wine segment maintains an "asset-light" operating model, utilizing third-party partners for grape sourcing, production, and bottling, which minimizes capital expenditure.
- In fiscal year 2022, Fresh Vine Wine, Inc. invested $3.7 million in inventory as a strategy to mitigate industry supply chain disruptions.
- Net cash used in investing activities was approximately $308,000 for the six months ended June 30, 2025, primarily due to the issuance of a note receivable related to the Amaze Software acquisition.
Peer Outperformance in Application Software
nullShare of Application Software constituents that AMZE has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
1%
of 152 industry peers · -99.3% return
3Y
3%
of 140 industry peers · -99.8% return
5Y
—
insufficient peer history
null
Median price return by industry across the Information Technology sector, ranked by 5Y. Application Software is AMZE's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 9 | 53.0% | 197.1% | 329.4% | FLEX 695% · TTMI 660% · JBL 410% |
| Semiconductor Materials & Equipment | 27 | 128.7% | 70.7% | 114.3% | AEHR 1453% · AXTI 613% · KLAC 471% |
| Technology Distributors | 9 | 19.9% | 54.8% | 67.4% | CLMB 321% · AVT 142% · SNX 102% |
| Communications Equipment | 34 | 31.4% | 85.5% | 61.1% | AAOI 1455% · LITE 855% · ANET 705% |
| Electronic Components | 26 | 51.1% | 59.2% | 51.6% | CLS 3126% · BELFA 1277% · LPTH 507% |
| Semiconductors | 54 | 29.4% | 28.9% | 22.8% | POET 1803% · MU 1161% · NVDA 842% |
| Technology Hardware, Storage & Peripherals | 22 | 28.8% | 79.9% | 17.3% | STX 962% · SMCI 888% · DELL 828% |
| Internet Services & Infrastructure | 6 | 15.4% | 42.2% | 15.1% | DOCN 100% · VRSN 40% · GDDY 37% |
| Electronic Equipment & Instruments | 27 | -5.4% | 12.7% | -5.9% | PI 186% · ACFN 135% · SOTK 132% |
| IT Consulting & Other Services | 28 | -25.5% | -6.3% | -19.5% | CHRN 593847% · APLD 1705% · TSSI 662% |
| Application Software ← | 123 | -19.7% | -10.8% | -44.8% | VIDA 419900% · INLX 5323% · PLTR 622% |
| Systems Software | 68 | -8.0% | 13.6% | -55.9% | QNC 620% · PAYS 446% · PANW 371% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 93.78 |
| Mkt Cap | 10.7 |
| Rev LTM | 3,982 |
| Op Inc LTM | 872 |
| FCF LTM | 1,158 |
| FCF 3Y Avg | 1,041 |
| CFO LTM | 1,193 |
| CFO 3Y Avg | 1,077 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 20.0% |
| Rev Chg 3Y Avg | 13.8% |
| Rev Chg Q | 6.4% |
| QoQ Delta Rev Chg LTM | 1.5% |
| Op Inc Chg LTM | 14.8% |
| Op Inc Chg 3Y Avg | 21.3% |
| Op Mgn LTM | 16.9% |
| Op Mgn 3Y Avg | 14.8% |
| QoQ Delta Op Mgn LTM | 0.8% |
| CFO/Rev LTM | 20.5% |
| CFO/Rev 3Y Avg | 21.2% |
| FCF/Rev LTM | 19.6% |
| FCF/Rev 3Y Avg | 20.3% |
Price Behavior
Price Behavior
| Market Price | $0.18 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 12/14/2021 | |
| Distance from 52W High | -99.4% | |
| 50 Days | 200 Days | |
| DMA Price | $0.63 | $2.11 |
| DMA Trend | down | down |
| Distance from DMA | -71.6% | -91.5% |
| 3M | 1YR | |
| Volatility | 542.3% | 293.4% |
| Downside Capture | -73.92 | 436.64 |
| Upside Capture | -948.29 | -233.48 |
| Correlation (SPY) | 5.2% | 13.6% |
AMZE Betas & Captures as of 7/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.34 | 2.57 | 3.15 | 2.34 | 3.27 | 1.50 |
| Up Beta | -44.55 | -17.25 | -14.39 | -5.20 | 0.46 | -0.05 |
| Down Beta | 9.77 | 3.79 | 4.48 | 1.63 | 2.77 | 1.59 |
| Up Capture | -927% | -351% | -123% | -52% | -30% | 25% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 6 | 14 | 24 | 44 | 91 | 319 |
| Down Capture | 766% | 420% | 436% | 280% | 198% | 112% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 8 | 20 | 30 | 72 | 150 | 418 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AMZE | |
|---|---|---|---|---|
| AMZE | -99.8% | 173.0% | -2.26 | - |
| Sector ETF (XLK) | 39.8% | 26.0% | 1.25 | 26.4% |
| Equity (SPY) | 21.2% | 12.9% | 1.23 | 24.2% |
| Gold (GLD) | 39.0% | 28.8% | 1.14 | 8.8% |
| Commodities (DBC) | 40.9% | 20.2% | 1.58 | 3.9% |
| Real Estate (VNQ) | 13.9% | 13.8% | 0.70 | 1.8% |
| Bitcoin (BTCUSD) | -30.4% | 44.2% | -0.69 | 16.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AMZE | |
|---|---|---|---|---|
| AMZE | -86.7% | 159.1% | -0.58 | - |
| Sector ETF (XLK) | 19.1% | 25.9% | 0.66 | 13.5% |
| Equity (SPY) | 12.8% | 17.2% | 0.57 | 12.5% |
| Gold (GLD) | 20.6% | 18.6% | 0.90 | 6.0% |
| Commodities (DBC) | 10.2% | 19.6% | 0.41 | 4.4% |
| Real Estate (VNQ) | 2.4% | 18.9% | 0.02 | 8.6% |
| Bitcoin (BTCUSD) | 11.2% | 52.8% | 0.40 | 9.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AMZE | |
|---|---|---|---|---|
| AMZE | -63.5% | 159.1% | -0.58 | - |
| Sector ETF (XLK) | 23.8% | 24.9% | 0.87 | 13.5% |
| Equity (SPY) | 15.1% | 17.9% | 0.72 | 12.5% |
| Gold (GLD) | 12.9% | 16.3% | 0.65 | 6.0% |
| Commodities (DBC) | 7.8% | 18.1% | 0.35 | 4.4% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 8.6% |
| Bitcoin (BTCUSD) | 63.1% | 66.2% | 1.03 | 9.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 8/20/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/14/2025 | -9.1% | -39.2% | -20.2% |
| 8/15/2025 | 1.5% | -10.7% | -23.8% |
| 11/15/2022 | 0.4% | -1.6% | -18.6% |
| SUMMARY STATS | |||
| # Positive | 2 | 0 | 0 |
| # Negative | 1 | 3 | 3 |
| Median Positive | 0.9% | ||
| Median Negative | -9.1% | -10.7% | -20.2% |
| Max Positive | 1.5% | ||
| Max Negative | -9.1% | -39.2% | -23.8% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/14/2025 | -9.1% | -39.2% | -20.2% |
| 8/15/2025 | 1.5% | -10.7% | -23.8% |
| 11/15/2022 | 0.4% | -1.6% | -18.6% |
| SUMMARY STATS | |||
| # Positive | 2 | 0 | 0 |
| # Negative | 1 | 3 | 3 |
| Median Positive | 0.9% | ||
| Median Negative | -9.1% | -10.7% | -20.2% |
| Max Positive | 1.5% | ||
| Max Negative | -9.1% | -39.2% | -23.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/14/2026 | 10-Q |
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 04/01/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/20/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/08/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/22/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/14/2026 | 10-Q |
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 04/01/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/20/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/08/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/22/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/12/2022 | 10-Q |
| 03/31/2022 | 05/16/2022 | 10-Q |
| 12/31/2021 | 03/31/2022 | 10-K |
| 09/30/2021 | 12/14/2021 | 424B4 |
Insider Activity
Updated 5/22/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Day, Aaron | Chief Executive Officer | Direct | Buy | 5212026 | 0.14 | 470,000 | 63,544 | 141,327 | Form |
| 2 | Day, Aaron | Chief Executive Officer | Direct | Buy | 11262025 | 0.30 | 335,440 | 100,598 | 172,537 | Form |
| 3 | Day, Aaron | Held by Day Family Trust | Buy | 6122025 | 0.44 | 73,716 | 32,221 | 32,221 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Day, Aaron | Chief Executive Officer | Direct | Buy | 5212026 | 0.14 | 470,000 | 63,544 | 141,327 | Form |
| 2 | Day, Aaron | Chief Executive Officer | Direct | Buy | 11262025 | 0.30 | 335,440 | 100,598 | 172,537 | Form |
| 3 | Day, Aaron | Held by Day Family Trust | Buy | 6122025 | 0.44 | 73,716 | 32,221 | 32,221 | Form |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Application Software Resources |
| Capterra |
| Software Advice |
| InfoWorld |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.
Core Cache Last Updated: 8/24/2026