Blaize Holdings, Inc.(BZAIW)Earnings, Financials & Key Ratios
BZAIW•NASDAQ
Price updated Jun 17, 2026
AboutBlaize Holdings, Inc. provides artificial intelligence (AI)-enabled edge computing solutions. It offers AI edge computing products, including Blaize Pathfinder P1600 embedded system on modules, Blaize Xplorer X1600E EDSFF small form factor accelerators, Blaize Xplorer X600M M.2 small form factor accelerator platforms, Blaize Xplorer X1600P PCIe accelerators, Blaize Xplorer X1600P-Q PCIe accelerators, and Blaize Pathfinder 1600-DK embedded kits. The company also provides Blaize AI studio that delivers AI-driven application end-to-end data operations, development operations, and machine learning operation tools; and AI Studio marketplace, which allows users to browse and use AI/ML artifacts to run or share securely across their team and organization. It serves automotive, smart vision, and enterprise computing markets. The company was founded in 2010 and is headquartered in El Dorado Hills, California.Show more
- Revenue$39M+2386.0%
- EBITDA-$92M-96.4%
- Net Income-$207M-238.1%
- EPS (Diluted)-1.98-4788.9%
- Gross Margin12.94%-79.4%
- EBITDA Margin-237.62%+92.1%
- Operating Margin-237.62%+92.2%
- Net Margin-535.58%+86.4%
- ROE-654.37%-196.2%
BZAIW Key Insights
Blaize Holdings, Inc. (BZAIW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Trading at only 1.1x book value
✗Weaknesses
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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BZAIW Price & Volume
Blaize Holdings, Inc. (BZAIW) stock price & volume — 10-year historical chart
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BZAIW Growth Metrics
Blaize Holdings, Inc. (BZAIW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years115.86%
TTM8712.9%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM39.47%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM43.31%
Return on Capital
10 Years-109.8%
5 Years-109.8%
3 Years-171.53%
Last Year-197.09%
BZAIW Peer Comparison
Blaize Holdings, Inc. (BZAIW) competitors in Developer tools and DevOps platforms — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 AIOT | 548.8M | 4.09 | -27.27 | 22.42% | -4.63% | -4.34% | 0.62 | |
 CEVA | 1.25B | 44.91 | -102.07 | 2.49% | -10.47% | -3.89% | 0.09 | |
 SIFY | 1.11B | 15.26 | -132.57 | 11.93% | -3.62% | -7.48% | 1.96 | |
 GFAI | 8.99M | 0.41 | -0.78 | 0.18% | -32.94% | -69.69% | 0.08 | |
 AEVA | 1.48B | 23.49 | -9.21 | 99.44% | -6.94% | -258.38% | 7.75 | |
 NVDA | 4.96T | 204.65 | 41.77 | 65.47% | 62.97% | 111.66% | 0.07 | |
 INTC | 608.04B | 121.10 | -2056.03 | -0.47% | -5.9% | -2.68% | 0.37 | |
 AMD | 835.52B | 512.48 | 193.39 | 34.34% | 13.33% | 8.05% | 0.07 |
Compare BZAIW vs Peers
Blaize Holdings, Inc. (BZAIW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BZAIW Income Statement
Blaize Holdings, Inc. (BZAIW) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Sales/Revenue | 0 | 3.84M | 3.86M | 1.55M | 38.63M | 40.36M |
Revenue Growth % | - | - | 0.39% | -59.7% | 2385.97% | 8712.9% |
Cost of Goods Sold | 0 | 3.04M | 3.66M | 579K | 33.63M | 34.46M |
COGS % of Revenue | - | 79.02% | 94.81% | 37.26% | 87.06% | - |
Gross Profit | 0▲ 0% | 806K▲ 0% | 200K▼ 75.2% | 975K▲ 387.5% | 5M▲ 412.7% | 5.9M▲ 0% |
Gross Margin % | - | 20.98% | 5.19% | 62.74% | 12.94% | 14.62% |
Gross Profit Growth % | - | - | -75.19% | 387.5% | 412.72% | - |
Operating Expenses | 66.79K | 51.02M | 38.73M | 48.61M | 96.8M | 95.11M |
OpEx % of Revenue | - | 1328.35% | 1004.36% | 3128.06% | 250.56% | - |
Selling, General & Admin | 66.79K | 15.66M | 0 | 0 | 0 | 42.42M |
SG&A % of Revenue | - | 407.84% | - | - | - | - |
Research & Development | 0 | 24.3M | 18.11M | 25.09M | 0 | 28.96M |
R&D % of Revenue | - | 632.7% | 469.79% | 1614.8% | - | - |
Other Operating Expenses | 0 | 11.05M | 20.61M | 23.52M | 96.8M | 1000K |
Operating Income | -66.79K▲ 0% | -50.22M▼ 75083.8% | -38.53M▲ 23.3% | -47.63M▼ 23.6% | -91.8M▼ 92.7% | -89.21M▲ 0% |
Operating Margin % | - | -1307.37% | -999.17% | -3065.32% | -237.62% | -221.01% |
Operating Income Growth % | - | -75083.78% | 23.28% | -23.64% | -92.71% | - |
EBITDA | -65.89K | -47.47M | -36.49M | -46.75M | -91.8M | -88.2M |
EBITDA Margin % | - | -1235.75% | -946.27% | -3008.3% | -237.62% | -218.52% |
EBITDA Growth % | - | -71934.54% | 23.13% | -28.12% | -96.36% | -10458.77% |
D&A (Non-Cash Add-back) | 0 | 2.75M | 2.04M | 886K | 0 | 1.01M |
EBIT | -65.89K | -50.22M | -38.53M | -47.63M | -91.8M | -89.21M |
Net Interest Income | 899 | -57.04M | -33.23M | 2.47M | 0 | 0 |
Interest Income | 899 | 0 | 5.75M | 2.47M | 0 | 0 |
Interest Expense | 0 | 57.04M | 38.98M | 0 | 0 | 0 |
Other Income/Expense | 899 | -53.88M | -49.66M | -14.51M | -114.89M | 7.57M |
Pretax Income | -65.89K▲ 0% | -104.1M▼ 157879.7% | -88.19M▲ 15.3% | -62.15M▲ 29.5% | -206.69M▼ 232.6% | -81.64M▲ 0% |
Pretax Margin % | - | -2710.13% | -2287.01% | -3999.16% | -535.01% | -202.27% |
Income Tax | 0 | 534K | -598K | -952K | 217K | 154K |
Effective Tax Rate % | 0% | -0.51% | 0.68% | 1.53% | -0.1% | -0.19% |
Net Income | -65.89K▲ 0% | -104.63M▼ 158690.1% | -87.59M▲ 16.3% | -61.2M▲ 30.1% | -206.9M▼ 238.1% | -81.8M▲ 0% |
Net Margin % | - | -2724.03% | -2271.5% | -3937.9% | -535.58% | -202.65% |
Net Income Growth % | - | -158690.14% | 16.29% | 30.13% | -238.11% | 39.47% |
Net Income (Continuing) | -65.89K | -104.63M | -87.59M | -61.2M | -206.9M | -81.8M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -0.00▲ 0% | -0.26▼ 129900.0% | 0.01▲ 105.1% | -0.04▼ 406.8% | -1.98▼ 4788.9% | -0.67▲ 0% |
EPS Growth % | - | - | 105.08% | -406.82% | -4788.89% | 43.31% |
EPS (Basic) | -0.00 | -0.26 | 0.01 | -0.04 | -1.98 | - |
Diluted Shares Outstanding | 420.61M | 404.15M | 101.59M | 101.64M | 104.28M | 122.38M |
Basic Shares Outstanding | 420.61M | 404.15M | 101.59M | 101.64M | 104.28M | 122.38M |
Dividend Payout Ratio | - | - | - | - | - | - |
BZAIW Balance Sheet
Blaize Holdings, Inc. (BZAIW) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Total Current Assets | 1.87M | 12.66M | 25.7M | 758.84K | 96.61M | 65.38M |
Cash & Short-Term Investments | 1.54M | 4.91M | 0 | 1.51K | 45.78M | 33.22M |
Cash Only | 1.54M | 4.91M | 0 | 1.51K | 45.78M | 33.22M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 0 | 2.11M | 318.89K | 55K | 36.69M | 16.73M |
Days Sales Outstanding | - | 200.51 | 30.19 | 12.92 | 346.68 | 158.6 |
Inventory | 0 | 4.34M | 6.52M | 0 | 10.13M | 9.01M |
Days Inventory Outstanding | - | 521.46 | 651.13 | - | 109.94 | 95.74 |
Other Current Assets | 326.48K | 965K | 18.63M | 702.34K | 4M | 3.38M |
Total Non-Current Assets | 291.88M | 6.62M | 46.89M | 47.56M | 5.64M | 5.37M |
Property, Plant & Equipment | 0 | 5.05M | 3.98M | 0 | 2.74M | 2.69M |
Fixed Asset Turnover | - | 0.76x | 0.97x | - | 14.09x | 14.10x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 291.81M | 0 | 0 | 47.56M | 0 | 801K |
Other Non-Current Assets | 61.72K | 643K | 41.88M | 0 | 739K | 467K |
Total Assets | 293.74M▲ 0% | 19.28M▼ 93.4% | 72.59M▲ 276.6% | 48.32M▼ 33.4% | 102.24M▲ 111.6% | 70.75M▲ 0% |
Asset Turnover | - | 0.20x | 0.05x | 0.03x | 0.38x | 0.56x |
Asset Growth % | - | -93.44% | 276.57% | -33.44% | 111.61% | -0.94% |
Total Current Liabilities | 700K | 20.22M | 31.38M | 14.02M | 43.39M | 26.54M |
Accounts Payable | 0 | 8.72M | 14.93M | 0 | 31.36M | 14.33M |
Days Payables Outstanding | - | 1.05K | 1.49K | - | 340.3 | 194.18 |
Short-Term Debt | 144.75K | 0 | 810.35K | 1.5M | 2.14M | 2.1M |
Deferred Revenue (Current) | 0 | 730K | 733K | 0 | 0 | 0 |
Other Current Liabilities | 555.26K | 2.04M | -1.3M | 4.06M | 9.57M | 7.25M |
Current Ratio | 2.67x | 0.63x | 0.82x | 0.05x | 2.23x | 2.46x |
Quick Ratio | 2.67x | 0.41x | 0.61x | 0.05x | 1.99x | 2.12x |
Cash Conversion Cycle | - | -327.21 | -808.74 | - | 116.32 | 60.16 |
Total Non-Current Liabilities | 10.06M | 69.59M | 10.06M | 10.06M | 19.85M | 18.77M |
Long-Term Debt | 0 | 3.14M | 18.06M | 0 | 0 | 0 |
Capital Lease Obligations | 0 | 781K | 1.79M | 0 | 0 | 2.52M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 33K | 33K |
Other Non-Current Liabilities | 10.06M | 64.57M | -10.16M | 10.06M | 19.82M | 18.13M |
Total Liabilities | 10.76M | 89.82M | 41.44M | 24.08M | 63.24M | 45.31M |
Total Debt | 144.75K | 4.81M | 21.23M | 1.5M | 2.14M | 2.74M |
Net Debt | -1.39M | -107K | 21.23M | 1.5M | -43.64M | -30.48M |
Debt / Equity | 0.00x | - | 0.68x | 0.06x | 0.05x | 0.11x |
Debt / EBITDA | - | - | - | - | - | -0.03x |
Net Debt / EBITDA | - | - | - | - | - | 0.35x |
Interest Coverage | - | -0.88x | -0.99x | - | - | - |
Total Equity | 282.98M▲ 0% | -70.54M▼ 124.9% | 31.15M▲ 144.2% | 24.24M▼ 22.2% | 39M▲ 60.9% | 25.45M▲ 0% |
Equity Growth % | - | -124.93% | 144.16% | -22.2% | 60.91% | 210.61% |
Book Value per Share | 0.67 | -0.17 | 0.31 | 0.24 | 0.37 | 0.21 |
Total Shareholders' Equity | 282.98M | -70.54M | 31.15M | 24.24M | 39M | 25.45M |
Common Stock | 291.81M | 0 | 46.99M | 47.6M | 0 | 12K |
Retained Earnings | -8.83M | -280.47M | -15.84M | -23.36M | -636.15M | -658.81M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 125K |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
BZAIW Cash Flow Statement
Blaize Holdings, Inc. (BZAIW) cash flow — operating, investing & free cash flow history
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Cash from Operations | 100.27K | -40.22M | -2.34M | -53.53M | -81.41M | -73.76M |
Operating CF Margin % | - | -1047.18% | -60.56% | -3444.79% | -210.73% | - |
Operating CF Growth % | - | -40214.09% | 94.19% | -2192.26% | -52.08% | -7297.4% |
Net Income | -65.89K | -104.63M | 1.34M | -61.2M | -206.9M | -81.8M |
Depreciation & Amortization | 0 | 2.75M | 2.04M | 1.35M | 0 | 1.01M |
Stock-Based Compensation | 0 | 1.25M | 2.48M | 3.85M | 0 | 7.57M |
Deferred Taxes | 0 | -48K | -107K | 0 | 0 | -43K |
Other Non-Cash Items | -899 | 58.54M | -10.17M | 28.91M | 139.64M | 2.04M |
Working Capital Changes | 167.06K | 1.92M | 2.08M | -26.45M | -14.14M | -2.54M |
Change in Receivables | 0 | -1.89M | 1M | -147K | -37.2M | -2.14M |
Change in Inventory | 0 | -910K | -2.19M | -2.04M | -1.57M | 149K |
Change in Payables | 0 | 4.42M | 9.5M | 0 | 15.34M | -10.55M |
Cash from Investing | -291.81M | -493K | 230.12M | -902K | -788K | -243K |
Capital Expenditures | 0 | -493K | -220K | -902K | -788K | -243K |
CapEx % of Revenue | - | 12.84% | 5.71% | 58.04% | 2.04% | 0.6% |
Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | - | - | - | - | - | - |
Other Investing | 0 | 0 | 230.34M | 0 | 0 | 0 |
Cash from Financing | 293.25M | 39.09M | -226.97M | 101.71M | 77.76M | 62.14M |
Debt Issued (Net) | 0 | 33.77M | 810.35K | 110.72M | 0 | 0 |
Equity Issued (Net) | 293.25M | 5.26M | -227.78M | 0 | 61.5M | 61.55M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | -227.78M | 0 | 0 | 0 |
Other Financing | 0 | 52K | 0 | -9.01M | 16.26M | 587K |
Net Change in Cash | 1.54M▲ 0% | -1.63M▼ 205.9% | 821.08K▲ 150.4% | 47.27M▲ 5657.7% | 45.02M▼ 4.8% | -12.24M▲ 0% |
Free Cash Flow | 100.27K▲ 0% | -40.72M▼ 40705.4% | -2.34M▲ 94.3% | -54.43M▼ 2230.9% | -82.2M▼ 51.0% | -74.01M▲ 0% |
FCF Margin % | - | -1060.01% | -60.56% | -3502.83% | -212.77% | -183.35% |
FCF Growth % | - | -40705.37% | 94.26% | -2230.88% | -51% | -59.88% |
FCF per Share | 0.00 | -0.10 | -0.02 | -0.54 | -0.79 | -0.60 |
FCF Conversion (FCF/Net Income) | -1.52x | 0.38x | 0.03x | 0.87x | 0.39x | 0.90x |
Interest Paid | 0 | 0 | 3K | 245K | 0 | 0 |
Taxes Paid | 0 | 454K | 791.76K | 0 | 0 | 309K |
BZAIW Key Ratios
Blaize Holdings, Inc. (BZAIW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
Return on Equity (ROE) | -98.5% | -281.16% | -220.96% | -654.37% | -536.89% |
Return on Invested Capital (ROIC) | -35.71% | -55.16% | -91.46% | -652.63% | 448.19% |
Gross Margin | 20.98% | 5.19% | 62.74% | 12.94% | 14.62% |
Net Margin | -2724.03% | -2271.5% | -3937.9% | -535.58% | -202.65% |
Debt / Equity | - | 0.68x | 0.06x | 0.05x | 0.11x |
Interest Coverage | -0.88x | -0.99x | - | - | - |
FCF Conversion | 0.38x | 0.03x | 0.87x | 0.39x | 0.90x |
Revenue Growth | - | 0.39% | -59.7% | 2385.97% | 8712.9% |
Related:BZAIW Dividend History·BZAIW Revenue History·BZAIW Price History·BZAIW P/E History·BZAIW Financial Ratios·BZAIW Institutional Holders
BZAIW Frequently Asked Questions
Blaize Holdings, Inc. (BZAIW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Blaize Holdings, Inc. (BZAIW) reported $40.4M in revenue for fiscal year 2025.
Blaize Holdings, Inc. (BZAIW) grew revenue by 2386.0% over the past year. This is strong growth.
Blaize Holdings, Inc. (BZAIW) reported a net loss of $81.8M for fiscal year 2025.
Dividend & Returns
Blaize Holdings, Inc. (BZAIW) has a return on equity (ROE) of -654.4%. Negative ROE indicates the company is unprofitable.
Blaize Holdings, Inc. (BZAIW) had negative free cash flow of $74.0M in fiscal year 2025, likely due to heavy capital investments.