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Blaize Holdings, Inc.

BZAI

$0.20 ▼ -0.02 (-8.81%) at close

6 Visible periods

24 Metrics

Peer-ranked Benchmarks

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Health

Poor

Bearish

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Analytical Summary

Blaize Holdings, Inc. faces fundamental challenges. The fundamentals warrant careful consideration of downside risks.

Market Cap $20.9M

Dividend Yield —

Revenue Growth 2386.0%

Op. Margin -268.8%

ROIC -266.5% ↘

FCF / Share $-0.71 ↗

Trailing P/E —

Price / Book 0.6x

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Nov 5, 2026.

6-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$38.63M

↑ +2386.0% —

Net Income Profit after all expenses

$-206.90M

↓ -238.1% —

FCF / Share Free cash flow per share

$-0.71

↑ +77.1% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile

Health Breakdown

Profitability

Cash Quality

Financial view

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📈 Is growth accelerating? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Mar 1, 2021 10-K ↗
Revenue Growth YoY (%)	2386.0% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+19783%)	—	—	—	—	—
EPS Growth YoY (%)	43.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—
Net Income Growth YoY (%)	-238.1% Weak Weak Year-over-year change in net income	N/M	-20.0% Weak Weak Year-over-year change in net income	N/M	—	—
FCF Growth YoY (%)	77.1% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—

💰 Are margins durable? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Mar 1, 2021 10-K ↗
Operating Margin (%) (%)	-268.8% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1444%)	—	—	—	—	—
Effective Tax Rate (%) (%)	-0.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.5% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	43.4% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	32.1% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—
FCF Margin (%) (%)	-192.9% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—
FCF / Net Income (x)	0.36x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.89x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	-1.74x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.82x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-1.52x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Mar 1, 2021 10-K ↗
Return on Invested Capital (%)	-266.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	42.5% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	12.1% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	10.2% Good Good Return earned on debt + equity capital invested Optimal: > 10%	0.6% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-101.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-60.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-4.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-0.5% Weak Weak Operating profit relative to total assets Optimal: > 10%	-0.0% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	—	55.4% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+199%)	-8.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-146%)	-16.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-189%)	0.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-96%)	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Mar 1, 2021 10-K ↗
Interest Coverage (x)	—	-194.43x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—	—
Net Debt (USD)	$-45.78M	$-50.24M	$0.00	$-22.23K	$-1.54M	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Mar 1, 2021 10-K ↗
Revenue per Share (USD)	$0.37	$0.09	—	—	—	—
Basic EPS, GAAP (USD)	$-1.98	$-3.50	—	—	—	—
Free Cash Flow per Share (USD)	$-0.71	$-3.11	—	—	—	—
Book Value per Share (USD)	$0.32	$-2.28	—	—	—	—
Tangible Book Value per Share (USD)	$0.32	$-2.28	—	—	—	—
Basic Weighted Avg Shares (shares)	104.28M	17.48M	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Mar 1, 2021 10-K ↗
Working Capital (USD)	$53.22M	$-114.45M	$-5.68M	$-1.09M	$1.17M	—
Total Equity (USD)	$39.00M	$-110.46M	$-15.84M	$-10.14M	$-8.83M	$0.00

📋 What is driving earnings? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Mar 1, 2021 10-K ↗
Sales/Revenue/Turnover (USD)	$38.63M	$1.55M	—	—	—	—
Net Income, GAAP (USD)	$-206.90M	$-61.20M	$1.34M	$1.67M	$-65.89K	—
Operating Cash Flow (USD)	$-73.75M	$-53.53M	$-2.34M	$-1.37M	$100.27K	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 6 years · 23 quarters

Blaize Holdings, Inc.

Analytical Summary

6-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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