Blaize Holdings, Inc. (BZAI)

NASDAQ: BZAI · Real-Time Price · USD

0.4800

+0.0156 (3.36%)

At close: Oct 2, 2026, 4:00 PM EDT

0.4799

-0.0001 (-0.02%)

After-hours: Oct 2, 2026, 7:53 PM EDT

Blaize Holdings Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	50.37	38.63	1.55	3.86	3.84
Revenue Growth	1235.61%	2385.97%	-59.70%	0.39%	-
Gross Profit	6.83	6.19	0.98	0.2	0.81
Operating Income	-97.92	-91.8	-47.42	-38.42	-46.96
Net Income	-81.02	-206.9	-61.2	-87.59	-106.46
Earnings Per Share	-0.68	-1.98	-3.50	-20.79	-73.67
EPS Growth	-	-	-	-	-

Revenue by Geography

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
China	46.13	35.16	-	-	-
United States	3.98	3.33	1.22	3.85	2.73
Other	0.26	0.15	0.01	0	0.01
Japan	-	0	0.33	0	0.27
Total	50.37	38.63	1.55	3.86	3.84

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Investments	36.85	45.78	50.24	3.21	4.91
Total Debt	-	2.95	150.37	39.82	4.81
Net Cash (Debt)	36.85	42.83	-100.14	-36.6	0.11
Net Cash Growth	43.61%	-	-	-	-
Net Cash Per Share	0.31	0.41	-5.73	-8.69	0.07

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Cash Flow	-82.68	-73.75	-53.53	-27.96	-40.22
Capital Expenditures	-0.75	-0.79	-0.9	-0.22	-0.49
Free Cash Flow	-83.42	-74.54	-54.43	-28.18	-40.72
Free Cash Flow Growth	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Gross Margin	13.56%	16.03%	62.74%	5.19%	20.98%
Operating Margin	-194.42%	-237.62%	-3051.35%	-996.45%	-1222.47%
Pretax Margin	-160.09%	-535.02%	-3999.16%	-2287.01%	-2710.13%
Profit Margin	-160.85%	-535.58%	-3937.90%	-2271.50%	-2771.54%
FCF Margin	-165.63%	-192.95%	-3502.83%	-730.68%	-1060.01%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct '26 Oct 3, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
PS Ratio	1.38	5.60	146.36	42.19	104.66