Blaize Holdings, Inc.
BZAI Nasdaq· Semiconductors & Related Devices
Last close · Oct 27, 2026
$0.19
KIRA · Stoqly’s AI analyst, in plain words
- Blaize Holdings, Inc. had $38.6M of revenue in fiscal 2025, up 2,386.0% on the year before.
- Its operating margin was −268.8%, up 2,796.5 pts: of every 100 in sales, about −269 is left after running the business.
- Blaize Holdings, Inc. lost $207M in fiscal 2025.
- Free cash flow was −$74.5M in fiscal 2025, −192.9% of revenue.
Market cap
$26.1M
P/E
—
Revenue
$38.6M
Net income
−$207M
Free cash flow
−$74.5M
Operating margin
−268.8%
Blaize Holdings, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+2,386.0%
Yes. Sales grew 2,386.0% last year.
Does it make a profit?
−535.6%
No. It lost money last year.
Does profit turn into cash?
−192.9%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 8
Weak. It passes 3 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Blaize Holdings, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 24, 2026
- Legal name
- Blaize Holdings, Inc.
- CIK
- 0001871638
Blaize Holdings, Inc. · BZAI
Results and finances
The last 4 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Sales and profit | ||||
| Revenue | — | — | $1.6M | $38.6M |
| Revenue growth | — | — | — | 2,386.0% |
| Gross margin | — | — | 62.7% | 16.0% |
| Operating margin | — | — | −3,065.3% | −268.8% |
| Net income | $1.7M | $1.3M | −$61.2M | −$207M |
| Net margin | — | — | −3,937.9% | −535.6% |
| Diluted EPS | — | — | −$3.50 | −$1.98 |
| Cash | ||||
| Cash from operations | −$1.4M | −$2.3M | −$53.5M | −$73.8M |
| Capital expenditure | — | — | $0.9M | $0.8M |
| Free cash flow | — | — | −$54.4M | −$74.5M |
| FCF margin | — | — | −3,502.8% | −192.9% |
| Share count change | — | — | — | 496.7% |
| Debt and strength | ||||
| Cash and short-term investments | $0.0M | $0.0M | $50.2M | $45.8M |
| Shareholders' equity | −$10.1M | −$53.2M | −$110M | $39.0M |
| Current ratio | 0.2x | 0.8x | 0.4x | 2.2x |
| Returns and quality | ||||
| Return on tangible equity | — | — | — | −530.5% |
| Piotroski F-score | — | — | — | 3 |
| Altman Z'' | −1.1 | −2.9 | −32.1 | −23.1 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.9M
3 insiders
Of sales under plans
100%
$0.9M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Blaize Holdings, Inc. · BZAI
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $0.19 a share, the company is worth $26.1M.
Source: SEC EDGAR XBRL filings (CIK 0001871638). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.