Saturday 17 October 2026
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Blaize Holdings, Inc.
BZAI Technology Software Application
Blaize Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $38.6 million, up 2,386.0% from fiscal 2024. In the quarter to June 2026, revenue grew 504.7%, EPS grew 25.0%, free cash flow fell 77.5% and total debt was flat, each against the same quarter a year earlier.
0.26
0.01
−3.70%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | 9.80 | 10.10 | 10.70 | 1.70 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | — | 10.70 | 11.47 | 29.61 | 19.25 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 232 | 254 | ||||
| Revenue/emp, $m | — | — | — | — | — | — | — | — | 0.01 | 0.15 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | — | 2 | 39 | ||||
| Gross margin, % | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 62.74 | 16.03 | |||||
| EBT | — | — | — | — | — | 0 | 2 | 2 | (62) | (207) | |||||
| EBT margin, % | — | — | — | — | — | 0.00 | 0.00 | 0.00 | (3,999.16) | (535.02) | |||||
| Net income | — | 0 | — | — | — | 0 | 2 | 1 | (61) | (207) | |||||
| Depreciation | — | — | — | — | — | — | — | — | 1 | 1 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.09 | 0.37 | ||||
| Earnings | — | — | — | — | — | (0.01) | 0.15 | 0.12 | (3.50) | (1.98) | |||||
| Cash flow | — | — | — | — | — | 0.01 | (0.13) | (0.21) | (3.06) | (0.71) | |||||
| Capex | — | — | — | — | — | 0.00 | 0.00 | 0.00 | (0.05) | (0.01) | |||||
| Free cash flow | — | — | — | — | — | 0.01 | (0.13) | (0.21) | (3.11) | (0.71) | |||||
| Book value | — | — | — | — | — | (1.06) | (0.94) | (1.46) | (6.32) | 0.37 | |||||
| Shares, m | — | — | — | — | — | 8 | 11 | 11 | 17 | 104 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | — | — | — | — | 168.69 | 5.26 | |||||
| P/B | — | — | — | — | — | — | — | — | 0.00 | 5.21 | |||||
| EV/Sales | — | — | — | — | — | — | — | — | 137.80 | 4.19 | |||||
| EV/FCF | — | — | — | — | — | — | — | — | (3.93) | (2.17) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | 0 | (1) | (2) | (54) | (74) | ||||
| Capex | — | — | — | — | — | — | — | — | (1) | (1) | |||||
| Free cash flow | — | — | — | — | — | 0 | (1) | (2) | (54) | (75) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 1 | (1) | (6) | (114) | 53 | ||||
| Total debt | — | — | — | — | — | 0 | — | 0 | 3 | 4 | |||||
| Net debt | — | — | — | — | — | (2) | 0 | (1) | (47) | (41) | |||||
| Shareholders’ equity | — | — | — | — | — | (9) | (10) | (16) | (110) | 39 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | — | (0.02) | 0.57 | 0.73 | (81.01) | (229.00) | ||||
| ROIC | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| ROE | — | — | — | — | — | (0.05) | (17.64) | (10.31) | 96.90 | 579.05 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Blaize Holdings, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| THRY Thryv Holdings, Inc. | $53.8M | — (loss-making) | 39.9× | −28.39% (below 0%: shrinking) | n/m | −23.41% (below 0%: shrinking) | 62.74% | (0.76%) | Compare |
| MAPS WM Technology, Inc. | $51.9M | 15.5× | 6.7× | −5.35% (below 0%: shrinking) | +100.00% (above 0%: growing) | −57.80% (below 0%: shrinking) | 94.05% | 5.54% | Compare |
| FRMM Forum Markets, Incorporated | $49.8M | — (loss-making) | — (loss-making) | — | n/m | +7,830.88% (above 0%: growing) | 29.16% | (728.35%) | Compare |
| IDN Intellicheck Mobilisa, Inc. | $45.4M | 13.9× | 30.5× | +15.97% (above 0%: growing) | n/m | −42.41% (below 0%: shrinking) | 91.30% | 9.64% | Compare |
| PHUN Phunware | $42.6M | — (loss-making) | — (loss-making) | +75.60% (above 0%: growing) | n/m | −65.76% (below 0%: shrinking) | 68.96% | (757.07%) | Compare |
| BZAI Blaize Holdings, Inc. | $39.8M | — (loss-making) | — | +504.69% (above 0%: growing) | n/m | −77.46% (below 0%: shrinking) | 7.66% | (255.35%) | |
| JG Aurora Mobile Limited Sponsored ADR | $36.7M | 51.4× | 3.4× | +18.93% (above 0%: growing) | n/m | −140.52% (below 0%: shrinking) | 68.35% | 1.61% | Compare |
| ATHR Aether Holdings, Inc. | $33.0M | — (loss-making) | — (loss-making) | −4.00% (below 0%: shrinking) | n/m | +28.15% (above 0%: growing) | 80.38% | (393.58%) | Compare |
| VTSI VirTra, Inc. | $30.7M | — (loss-making) | — (loss-making) | −17.42% (below 0%: shrinking) | n/m | −210.75% (below 0%: shrinking) | 59.27% | (3.25%) | Compare |
| Median of peers | $44.0M | 15.5× | 18.6× | −4.00% | — | −50.10% | 68.66% | (2.01%) |
Blaize Holdings, Inc. (BZAI) key facts
- Strength: Blaize Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $38.6 million, up 2,386.0% from fiscal 2024.
- Blaize Holdings, Inc. (BZAI) is a Software Application company in the Technology sector, listed on Nasdaq.
- As of October 16, 2026, BZAI traded at $0.26, a market capitalization of $39.8 million.
- Return on equity was 579.1% and debt-to-equity 0.00.
- Its Altman Z-score is −9.13 (distress zone) for fiscal 2025.