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Financials · BZAI

Blaize Holdings Inc. (BZAI) financials

For the twelve months ended Jun 30, 2026, Blaize Holdings Inc. reported $50.37M of revenue and -$81.02M of net income.

Revenue, TTM
$50.37M
Net income, TTM
-$81.02M
Net margin
-160.9%
Free cash flow, TTM
-$83.42M
EPS, diluted, TTM
-$0.49
Cash
$36.85M
P/S
0.56
Market cap
$28.3M
Annual revenue$38.63M
FY2024FY2025
Annual net income-$206.90M
FY2022FY2025
Annual free cash flow-$74.54M
FY2024FY2025

BZAI revenue and earnings growth

BZAI revenueQ2 2026$11.98M

Quarter YoY
+504.7%
QoQ
+337.7%
FY YoY
25x

BZAI revenue was $11.98M in fiscal Q2 2026 (ended Jun 30, 2026), up 504.7% from a year earlier and up 337.7% from the prior quarter. For the full fiscal 2025 it was $38.63M, up about 25-fold from fiscal 2024.

BZAI net incomeQ2 2026-$28.81M

BZAI net income was -$28.81M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$29.59M a year earlier. For the full fiscal 2025 it was -$206.90M, compared with -$61.20M in fiscal 2024.

BZAI EPSQ2 2026-$0.21

BZAI diluted EPS was -$0.21 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$0.28 a year earlier. For the full fiscal 2025 it was -$1.98.

BZAI free cash flowQ2 2026-$29.19M

BZAI free cash flow was -$29.19M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$16.45M a year earlier. For the full fiscal 2025 it was -$74.54M, compared with -$54.43M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Revenue$38.63M$1.55M--
Cost of revenue$32.44M$579.0K--
Gross profit$6.19M$975.0K--
Research and development$42.52M$25.09M--
Operating income-$103.84M-$47.63M-$3.38M-$1.52M
Pre-tax income-$206.69M-$62.15M$2.37M$2.47M
Income tax$217.0K-$952.0K$1.03M$791.8K
Net income-$206.90M-$61.20M$1.34M$1.67M
EPS, basic-$1.98-$3.50--
EPS, diluted-$1.98-$3.50--
Diluted shares104.3M17.5M--

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Cash and equivalents$45.78M$50.49M$3.21M$22.2K
Receivables-$55.0K--
Inventory$10.13M$8.56M--
Current assets$96.61M$71.67M$25.70M$208.8K
Total assets$102.21M$78.50M$72.59M$296.01M
Current liabilities$43.39M$186.12M$31.38M$1.30M
Total liabilities$63.21M$188.96M$41.44M$11.36M
Shareholders' equity$39.00M-$110.46M-$53.21M-$10.14M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Operating cash flow-$73.75M-$53.53M-$2.34M-$1.37M
Capital expenditures$788.0K$902.0K--
Free cash flow-$74.54M-$54.43M--
Investing cash flow-$788.0K-$902.0K$230.12M-
Financing cash flow$70.10M$101.71M-$226.97M-$144.7K
Stock-based compensation$37.55M$3.85M--

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Revenue growth, YoY2386.0%---
Net income growth, YoY---20.0%-
Gross margin16.0%62.7%--
Operating margin-268.8%-3065.3%--
Net margin-535.6%-3937.9%--
Free cash flow margin-192.9%-3502.8%--
Return on equity-530.5%---
Return on assets-202.4%-78.0%1.8%0.6%
Current ratio2.230.390.820.16

Source: XBRL data Blaize Holdings Inc. files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

BZAI peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
BZAI$50.37M--$81.02M-160.9%$28.3M
NVDA$302.97B+83.4%$192.88B63.7%$4.50T
TSMNT$3.81T+31.6%NT$1.70T44.6%$1.95T
AVGO$89.10B+48.7%$38.27B42.9%$1.40T
MU$133.19B+256.3%$84.97B63.8%$780.68B
AMD$45.44B+41.9%$7.62B16.8%$736.46B
INTC$59.89B+12.1%-$12.03B-20.1%$299.10B
AMAT$30.84B+7.8%$9.27B30.1%$264.05B

BZAI FAQ

9 questions
  • What is BZAI revenue?
    Blaize Holdings Inc. (BZAI) reported $50.37M of revenue for the twelve months ended Jun 30, 2026. Revenue for fiscal 2025 was $38.63M.
  • Is BZAI profitable?
    No. Blaize Holdings Inc. reported a net loss of $81.02M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does BZAI have?
    Blaize Holdings Inc. reported $36.85M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is BZAI revenue growing?
    Blaize Holdings Inc.'s revenue changed 25x in fiscal 2025, to $38.63M.
  • What is BZAI gross margin?
    Blaize Holdings Inc.'s gross profit was $6.83M on $50.37M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 13.6%.
  • What is BZAI free cash flow?
    Blaize Holdings Inc. generated -$83.42M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$82.67M less capital expenditures.
  • What is BZAI earnings per share?
    Diluted earnings per share were -$0.49 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did BZAI last report financial results?
    The latest statements here come from Blaize Holdings Inc.'s 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.
  • Where does this BZAI financial data come from?
    Quantisnow builds these statements from the structured XBRL data Blaize Holdings Inc. files with the SEC. It is provided for information only and is not investment advice.