Last 12 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -29.14 | — | — | — | 7.50 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 92.67 | 7.53 | 39.31 | 50.99 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/B Ratio | 4.95 | 273.64 | — | 4.13 | 62.90 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | — | — | — | 7.83 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | — | 7.83 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Blaize Holdings, Inc.'s operating margin was -190.3% in Q3 2025, up 913.8 pp QoQ and up 1265.3 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of -1680.6% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 69.5% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.7% | 11.9% | 59.4% | 67.5% | 100.0% | 39.1% | -15.2% | 44.3% | -423.2% | 62.0% | 60.8% | 50.2% | — |
| — | -69.5% | +489.8% | +52.6% | +123.6% | -37.0% | -125.1% | -11.9% | — | — | — | — | — | |
| Operating Margin | -3065.3% | -190.3% | -1104.1% | -3775.7% | -1652.5% | -1455.6% | -4993.3% | -1482.1% | -3170.3% | -1406.1% | -574.9% | -637.3% | — |
| — | +86.9% | +77.9% | -154.7% | +47.9% | -3.5% | -768.5% | -132.6% | — | — | — | — | — | |
| Net Margin | -3937.9% | -221.3% | -1492.9% | -14673.4% | -3244.7% | -3278.7% | -5449.8% | -3049.7% | -5972.2% | -2100.5% | -620.3% | -2998.8% | — |
| — | +93.3% | +72.6% | -381.1% | +45.7% | -56.1% | -778.5% | -1.7% | — | — | — | — | — |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -221.0% | -2010.6% | -131.6% | -399.3% | 207.9% | — | — | — | -1614.8% | -21.3% | -16.3% | -24.6% | -0.0% |
| — | — | — | — | +112.9% | — | — | — | -6990195.2% | — | — | — | — | |
| ROA | -101.2% | -45.8% | -38.4% | -199.0% | 72.5% | -25.7% | -18.1% | -75.7% | -55.3% | -16.9% | -12.9% | -22.9% | -0.0% |
| — | -77.9% | -111.8% | -162.9% | +231.2% | -52.5% | -40.3% | -230.9% | -247684.8% | — | — | — | — | |
| ROIC | -91.5% | — | — | -169.6% | 74.8% | — | — | — | -49.5% | -10.8% | -11.6% | -3.9% | — |
| — | — | — | — | +251.1% | — | — | — | — | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 30.8% YoY to 1.48x, tightening the short-term liquidity position.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.06 | 2.39 | — | 0.06 | 0.06 | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | — | — | — | — | 0.03 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 0.05 | 1.48 | 1.20 | 2.43 | 0.05 | 2.14 | 2.16 | 0.40 | 0.27 | 0.01 | 0.28 | 0.30 | 2.67 |
| — | -30.8% | -44.6% | +514.9% | -80.1% | +16873.0% | +665.3% | +31.5% | -89.8% | — | — | — | — | |
| Quick Ratio | 0.05 | 1.24 | 0.99 | 2.22 | 0.05 | 1.93 | 1.98 | 0.24 | 0.14 | 0.01 | 0.28 | 0.30 | 2.67 |
| — | -35.5% | -50.1% | +839.3% | -60.3% | +15192.7% | +602.2% | -21.6% | -94.9% | — | — | — | — | |
| Interest Coverage | — | — | — | — | — | — | -24.00 | — | -2.30 | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 12 years · Updated daily
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Start ComparisonBlaize Holdings, Inc.'s current P/E is -29.1x. The average P/E over the last 1 quarters is 7.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Blaize Holdings, Inc.'s current operating margin is -3065.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Blaize Holdings, Inc.'s business trajectory between earnings reports.