Blaize Holdings, Inc. (BZAIW)
Blaize Holdings, Inc. provides artificial intelligence (AI)-enabled edge computing solutions. Its portfolio includes programmable AI processors in a broad range of form factors, deployable across several verticals, including smart city, defense, retail and enterprise markets; and AI computing platforms that enable applications, such as computer vision, advanced video analytics, and AI inference, as well as software tools that allows non-expert practitioners to deploy AI applications on its hardware without the need to learn or use source code. The company also offers the GSP, an AI computing accelerator for computer vision, machine learning, and AI applications; compute cards, such as peripheral component interconnected express card and other cards; software development kit; Blaize AI Studio, a visual no-code or low-code environment intended to simplify the creation and deployment of AI models; and strategic consulting services. Blaize Holdings, Inc. was founded in 2010 and is headquartered in El Dorado Hills, California.
Sector: Semiconductors & Related Devices
Industry: Semiconductors
Blaize Holdings Inc.
-1.02%$0.0194
Mkt Cap$2.81M
Float93.41M
O/S145.01M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$38.63M
Net Income-$206.9M
Total Assets$102.24M
Free Cash Flow-$82.2M
Debt & Equity
Debt 5%
Equity 95%
Total Debt$2.14M
Total Equity$39M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BZAIW's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$102.24M
Liabilities$63.24M
Accounts Receivable$36.69M
Accounts Payable$31.36M
Inventory$10.13M
PP&E (Net)$2.74M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Revenue | $38.63M | $1.55M | $0 | $0 | $0 |
| YoY Growth | 2386.0% | - | - | - | - |
| Cost of Revenue | $33.63M | $1.47M | $0 | $0 | $0 |
| Gross Profit | $5M | $89K | $0 | $0 | $0 |
| Gross Margin | 12.9% | 5.7% | - | - | - |
| Research and Development | $42.52M | $25.09M | $0 | $0 | $0 |
| Selling, General, and Administrative | $54.27M | $22.41M | $3.04M | $1.32M | $67K |
| Other | $0 | $0 | $344K | $203K | $0 |
| Total Operating Expenses | $96.8M | $47.51M | $3.38M | $1.52M | $67K |
| Operating Income (EBIT) | -$91.8M | -$47.42M | -$3.38M | -$1.52M | -$67K |
| Operating Margin | -237.6% | -3051.4% | - | - | - |
| Interest Expense | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $5.75M | $3.99M | $899 |
| Other Income (Expense) | -$114.89M | -$14.73M | $5.75M | $3.99M | $899 |
| Income Before Tax (EBT) | -$206.69M | -$62.15M | $2.37M | $2.47M | -$66K |
| Income Tax Expense | $217K | -$952K | $1.03M | $792K | $0 |
| Net Income | -$206.9M | -$61.2M | $1.34M | $1.67M | -$66K |
| Net Income Margin | -535.6% | -3937.9% | - | - | - |
| Supplementary Data | |||||
| EPS | -1.98 | -3.50 | 0.06 | 0.04 | -0.00 |
| Diluted EPS | -1.98 | -3.50 | 0.06 | 0.04 | -0.00 |
| Weighted Average OS | 104.28M | 17.48M | 21.45M | 39.57M | 38.24M |
| EBITDA | -$90.6M | -$46.53M | -$1.34M | $1.23M | -$67K |
| EBITDA Margin | -234.5% | -2994.3% | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $45.78M | $50.24M | $843K | $4.91M | $1.54M |
| Short-Term Investments | $0 | $0 | $24.54M | $0 | $0 |
| Cash and Short-Term Investments | $45.78M | $50.24M | $25.38M | $4.91M | $1.54M |
| Accounts Receivable | $36.69M | $60K | $319K | $2.11M | $0 |
| Inventory | $10.13M | $8.56M | $6.52M | $4.34M | $0 |
| Other Current Assets | $4M | $11.52M | -$6.75M | $965K | $326K |
| Total Current Assets | $96.61M | $71.67M | $25.7M | $12.66M | $1.87M |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $2.74M | $3.85M | $3.98M | $5.05M | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $269K | $0 | $46.89M | $0 | $291.81M |
| Deferred Tax Assets | $2.16M | $2.16M | $1.03M | $926K | $0 |
| Other Long-Term Assets | $470K | $815K | -$5.01M | $643K | $62K |
| Total Long-Term Assets | $5.64M | $6.83M | $46.89M | $6.62M | $291.88M |
| Other Assets | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $102.24M | $78.5M | $72.59M | $19.28M | $293.74M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $31.36M | $7.9M | $14.93M | $8.72M | $0 |
| Short-Term Debt | $2.14M | $163.34M | $810K | $0 | $145K |
| Current Income Tax Payable | $0 | $88K | $3.59M | $591K | $0 |
| Current Unearned Revenue | $0 | $0 | $733K | $730K | $0 |
| Other Current Liabilities | $9.57M | $0 | -$1.3M | $2.04M | $555K |
| Total Current Liabilities | $43.39M | $186.12M | $31.38M | $20.22M | $700K |
| Long-Term Liabilities | |||||
| Long-Term Debt | $0 | $0 | $18.06M | $3.14M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $367K | $1.1M | $0 |
| Long-Term Deferred Tax Liabilities | $33K | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $19.82M | $1.67M | -$10.16M | $64.57M | $10.06M |
| Total Long-Term Liabilities | $19.85M | $2.84M | $10.06M | $69.59M | $10.06M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $63.24M | $188.96M | $41.44M | $89.82M | $10.76M |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $12K | $5K | $46.99M | $0 | $291.81M |
| Retained Earnings | -$636.15M | -$429.25M | -$15.84M | -$280.47M | -$8.83M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $675.14M | $318.78M | $0 | $209.93M | $0 |
| Total Equity | $39M | -$110.46M | $31.15M | -$70.54M | $282.98M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $102.24M | $78.5M | $72.59M | $19.28M | $293.74M |
| Supplementary Data | |||||
| Total Debt | $2.14M | $165.08M | $21.23M | $4.81M | $145K |
| Net Debt | -$43.64M | $114.85M | $20.39M | -$107K | -$1.39M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Operating Activities | |||||
| Net Income | -$206.9M | -$61.2M | $1.34M | -$104.63M | -$66K |
| Depreciation & Amortization | $1.2M | $886K | $2.04M | $2.75M | $0 |
| Deferred Income Tax | $0 | $0 | -$107K | -$48K | $0 |
| Stock-Based Compensation | $37.55M | $3.85M | $2.48M | $1.25M | $0 |
| Changes in Working Capital: | |||||
| Accounts Receivable | -$37.2M | -$147K | $1M | -$1.89M | $0 |
| Inventory | -$1.57M | -$2.04M | -$2.19M | -$910K | $0 |
| Accounts Payable | $15.34M | $0 | $9.5M | $4.42M | $0 |
| Other Working Capital | $9.28M | -$24.26M | -$6.24M | $292K | $167K |
| Total Working Capital Change | -$14.14M | -$26.45M | $2.08M | $1.92M | $167K |
| Other Non-Cash Items | $100.9M | $29.38M | -$10.17M | $58.54M | -$899 |
| Net Cash from Operating | -$81.41M | -$53.53M | -$2.34M | -$40.22M | $100K |
| Investing Activities | |||||
| Capital Expenditures | -$788K | -$902K | -$220K | -$493K | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$291.81M |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $230.34M | $0 | $0 |
| Net Cash from Investing | -$788K | -$902K | $230.12M | -$493K | -$291.81M |
| Financing Activities | |||||
| Debt Repaid | -$33.25M | -$110.72M | - | -$33.77M | - |
| Common Stock Issuance | $61.5M | $0 | $0 | $0 | $293.25M |
| Common Stock Repurchases | $0 | $0 | -$227.78M | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$16.99M | -$9.01M | $0 | $52K | $0 |
| Net Cash from Financing | $77.76M | $101.71M | -$226.97M | $39.09M | $293.25M |
| Forex Effect | $49.46M | $0 | $0 | $0 | $0 |
| Net Change in Cash | $45.02M | $47.27M | $821K | -$1.63M | $1.54M |
| Supplementary Data | |||||
| Operating Cash Flow | -$81.41M | -$53.53M | -$2.34M | -$40.22M | $100K |
| Capital Expenditure | -$788K | -$902K | -$220K | -$493K | $0 |
| Free Cash Flow | -$82.2M | -$54.43M | -$2.34M | -$40.72M | $100K |
| Cash at Beginning | $759K | $3.21M | $22K | $6.54M | $0 |
| Cash at End | $45.78M | $50.49M | $843K | $4.91M | $1.54M |