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Saturday 7 November 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.
- Revenue
- +504.7%
- EPS
- +25.0%
- Free cash flow
- −77.5%
- Total debt
- 0.00%
Quarter to June 2026, against a year earlier
0.20
0.00
0.00%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | — | 2 | 39 | 50 | +2,386.0% | — | — | — | — | |
| Gross margin, % | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 62.74 | 16.03 | 13.56 | +16.0 pt | ||||||
| EBT | — | — | — | — | — | 0 | 2 | 2 | (62) | (207) | (81) | +648.4% | ||||||
| EBT margin, % | — | — | — | — | — | 0.00 | 0.00 | 0.00 | (3,999.16) | (535.02) | (160.09) | (535.0) pt | ||||||
| Net income | — | 0 | — | — | — | 0 | 2 | 1 | (61) | (207) | (207) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.09 | 0.37 | 0.37 | n/m | |||||
| Earnings | — | — | — | — | — | (0.01) | 0.15 | 0.12 | (3.50) | (1.98) | (0.68) | +324.5% | ||||||
| Cash flow | — | — | — | — | — | 0.01 | (0.13) | (0.21) | (3.06) | (0.71) | (0.61) | n/m | ||||||
| Capex | — | — | — | — | — | 0.00 | 0.00 | 0.00 | (0.05) | (0.01) | (0.01) | n/m | ||||||
| Free cash flow | — | — | — | — | — | 0.01 | (0.13) | (0.21) | (3.11) | (0.71) | (0.62) | n/m | ||||||
| Book value | — | — | — | — | — | (1.06) | (0.94) | (1.46) | (6.32) | 0.37 | 0.32 | n/m | ||||||
| Shares, m | — | — | — | — | — | 8 | 11 | 11 | 17 | 104 | 116 | +88.0% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | — | — | — | — | 168.69 | 5.26 | 0.54 | 87.0 | ||||||
| P/B | — | — | — | — | — | — | — | — | 0.00 | 5.21 | 0.63 | 2.6 | ||||||
| EV/Sales | — | — | — | — | — | — | — | — | 137.80 | 4.19 | (0.11) | 71.0 | ||||||
| EV/FCF | — | — | — | — | — | — | — | — | (3.93) | (2.17) | 0.07 | (3.1) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | 0 | (1) | (2) | (54) | (74) | (83) | n/m | |||||
| Capex | — | — | — | — | — | — | — | — | (1) | (1) | (1) | (12.6%) | ||||||
| Free cash flow | — | — | — | — | — | 0 | (1) | (2) | (54) | (75) | (83) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 1 | (1) | (6) | (114) | 53 | 54 | +159.9% | |||||
| Net debt | — | — | — | — | — | (2) | 0 | (1) | (47) | (41) | (37) | +128.0% | ||||||
| Shareholders’ equity | — | — | — | — | — | (9) | (10) | (16) | (110) | 39 | 43 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | (0.02) | 0.57 | 0.73 | (81.01) | (229.00) | (121.52) | (229.0) pt | |||||
| ROIC | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (1,029.88) | 0.0 pt | ||||||
| ROE | — | — | — | — | — | (0.05) | (17.64) | (10.31) | 96.90 | 579.05 | (426.62) | +579.1 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 232 | 254 | — | +9.5% | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | — | 0.01 | 0.15 | — | +2,170.7% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
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 |
|---|---|---|---|---|---|---|---|---|---|
| PHUN Phunware | $35.8M | — (loss-making) | — (loss-making) | +75.60% (above 0%: growing) | n/m | −65.76% (below 0%: shrinking) | 68.96% | (757.07%) | Compare |
| FTFT Future FinTech Group Inc. | $32.8M | — (loss-making) | — (loss-making) | −43.92% (below 0%: shrinking) | n/m | −253.72% (below 0%: shrinking) | 58.13% | (570.43%) | Compare |
| CRGO Freightos Limited | $31.2M | — (loss-making) | — (loss-making) | +3.40% (above 0%: growing) | n/m | +46.39% (above 0%: growing) | 67.56% | (46.11%) | Compare |
| VTSI VirTra, Inc. | $30.6M | — (loss-making) | — (loss-making) | −17.42% (below 0%: shrinking) | n/m | −210.75% (below 0%: shrinking) | 59.27% | (3.25%) | Compare |
| ATHR Aether Holdings, Inc. | $29.5M | — (loss-making) | — (loss-making) | −4.00% (below 0%: shrinking) | n/m | +28.15% (above 0%: growing) | 80.38% | (393.58%) | Compare |
| BZAI Blaize Holdings, Inc. | $28.9M | — (loss-making) | — | +504.69% (above 0%: growing) | n/m | −77.46% (below 0%: shrinking) | 7.66% | (255.35%) | |
| CREX Creative Realities, Inc. | $27.5M | — (loss-making) | — (loss-making) | +65.04% (above 0%: growing) | n/m | −97.75% (below 0%: shrinking) | 38.58% | (12.76%) | Compare |
| JG Aurora Mobile Limited Sponsored ADR | $23.1M | 31.1× | 3.4× | +18.93% (above 0%: growing) | n/m | −140.52% (below 0%: shrinking) | 68.35% | 1.61% | Compare |
| HOLO MicroCloud Hologram Inc. | $22.9M | — (loss-making) | — | −41.61% (below 0%: shrinking) | n/m | +320.35% (above 0%: growing) | 49.85% | 0.00% | Compare |
| Median of peers | $30.0M | — | — | −0.30% | — | −81.75% | 63.42% | (29.43%) |
Pay and ownership Proxy statement filed 20 October 2025
Ownership
Directors and executive officers, together
17.40%
Ava Investors SA
16.40%
Bess Ventures and Advisory, LLC
10.20%
Lane M. Bess
10.20%
Funds affiliated with DENSO
8.50%
Funds affiliated with Rizvi Traverse CI Manager, LLC
6.90%
Anderson Investments Pte. Ltd.
5.90%
Dinakar Munagala
5.80%
BurTech LP LLC
5.10%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement