Growth & profitability
- Revenue has grown 2386.0% per year over the past 4 years.
Financial health
- The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
BZAI Financials Blaize Holdings, Inc.
5 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $39M | -$207M | 16.0% | -268.8% | -530.5% | -202.4% | -$75M | — | $46M |
| 2024 | $2M | -$61M | 62.7% | -3065.3% | 55.4% | -78.0% | -$54M | — | $50M |
| 2023 | — | $1M | — | — | -2.5% | 1.8% | — | — | $0 |
| 2022 | — | $2M | — | — | -16.5% | 0.6% | — | — | $22232 |
| 2021 | — | -$65892 | — | — | 0.7% | -0.0% | — | — | $2M |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $12M | -$29M | 7.7% | -255.4% | -67.3% | -36.2% | -$29M | — | $37M |
| Mar '26 | $3M | -$23M | 57.6% | -854.2% | -89.1% | -32.0% | -$13M | — | $33M |
| Dec '25 | $24M | -$3M | 10.8% | -89.8% | -8.5% | -3.2% | -$17M | — | $46M |
| Sep '25 | $12M | -$26M | 15.0% | -190.3% | -2010.6% | -43.1% | -$25M | — | $24M |
| Jun '25 | $2M | -$30M | 59.4% | -1104.1% | 615.2% | -55.0% | -$16M | — | $29M |
| Mar '25 | $1M | -$148M | 67.5% | -3775.7% | -884.3% | -147.5% | -$17M | — | $45M |
| Dec '24 | $1000 | -$7M | 46100.0% | -1699500.0% | 6.1% | -8.5% | -$17M | — | $50M |
| Sep '24 | $781000 | -$26M | 39.1% | -1455.6% | 24.0% | -51.1% | -$15M | — | $69M |
| Jun '24 | $223000 | -$12M | 0.0% | -4993.3% | 14.9% | -24.8% | -$14M | — | $87M |
| Mar '24 | $549000 | -$17M | 0.0% | -1482.1% | 24.0% | -34.8% | -$8M | — | $7M |
| Dec '23 | — | -$337783 | — | — | 0.6% | -0.5% | — | — | $0 |
| Sep '23 | — | $3362 | — | — | -0.0% | 0.0% | — | — | $358 |
| Jun '23 | — | $98772 | — | — | -0.7% | 0.1% | — | — | $1M |
| Mar '23 | — | $2M | — | — | -12.0% | 2.2% | — | — | $1M |
| Dec '22 | — | $1M | — | — | -10.0% | 0.3% | — | — | $22232 |
| Sep '22 | — | $661883 | — | — | -7.0% | 0.2% | — | — | $480348 |
| Jun '22 | — | $93322 | — | — | -1.0% | 0.0% | — | — | $621578 |
| Mar '22 | — | -$96922 | — | — | 1.1% | -0.0% | — | — | $927449 |
| Dec '21 | — | -$65392 | — | — | 0.7% | -0.0% | — | — | $2M |
| Sep '21 | — | $0 | — | — | 0.0% | — | — | — | — |
Valuation over time
How the market has priced BZAI against its own fundamentals since 2025-01 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-sales ratio has fallen from 555.5× (Jan '25) to 1.8× (Sep '26).
P/S
Frequently asked questions
Is BZAI growing its revenue and profit?
Over the past 4 years, Blaize Holdings, Inc.'s revenue has grown 2386.0% per year. These are computed facts, not advice.
How much debt does BZAI have?
As of FY2025, Blaize Holdings, Inc. reported — of total debt against $46M of cash.
What is BZAI's profit margin?
In FY2025, gross margin was 16.0%, operating margin -268.8%, and net margin -535.6%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.