Blaize Holdings, Inc. (BZAI) Financial Statements
Industry: Semiconductors & Related Devices
In fiscal 2025, Blaize reported revenue of $38.6M. Net income was -$206.9M (a -535.6% net margin), or -$1.98 per diluted share. Gross margin was 16.0% and operating margin was -268.8%. Operating activities generated -$73.8M of cash, leaving -$74.6M of free cash flow. At fiscal year end, Blaize held $102.2M in total assets against $63.2M in total liabilities, including $45.8M of cash and equivalents.
Open the full interactive Blaize financials → Quarterly statements, key ratios, valuation history and price charts.
Blaize Key Stats
| Share Price | $0.27 |
|---|---|
| Market Cap | $35.9M |
| 52-Week Range | $0.27 – $6.29 |
| Shares Outstanding | 134.8 million (basic, 2026 Q2) |
Blaize Income Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $38.6M |
| Cost of Goods Sold | $0 | $0 | $0 | — |
| Gross Profit | $0 | $0 | $0 | $6.2M |
| Operating Income | -$1.5M | -$3.4M | -$5.0M | -$103.8M |
| Pre-Tax Income | $2.5M | $2.4M | -$3.6M | -$206.7M |
| Income Tax | $791,758 | $1.0M | $517,179 | $217,000 |
| Net Income | $1.7M | $1.3M | -$4.1M | -$206.9M |
| Diluted EPS | $0.04 | $0.06 | -$0.27 | -$1.98 |
Blaize Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $11.9M | $23.8M | $2.7M | $12.0M |
| Net Income | -$26.3M | -$3.3M | -$22.7M | -$28.8M |
| Diluted EPS | -$0.25 | -$0.03 | -$0.19 | -$0.21 |
Blaize Balance Sheet
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Cash & Equivalents | $22,232 | — | $1,506 | $45.8M |
| Current Assets | $208,764 | $25.7M | $758,842 | $96.6M |
| Total Assets | $296.0M | $72.6M | $48.3M | $102.2M |
| Current Liabilities | $1.3M | $31.4M | $14.0M | $43.4M |
| Total Liabilities | $11.4M | $41.4M | $24.1M | $63.2M |
| Shareholders' Equity | -$10.1M | -$15.8M | -$23.4M | $39.0M |
Blaize Cash Flow Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Cash From Operations | -$1.4M | -$2.3M | -$2.8M | -$73.8M |
| Cash From Investing | — | $230.1M | $1.8M | -$788,000 |
| Cash From Financing | -$144,746 | -$227.0M | $886,255 | $70.1M |
| Free Cash Flow | — | — | — | -$74.6M |
Figures from Blaize's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Blaize financials page for every line item.
Blaize Company Profile
| Ticker | BZAI |
|---|---|
| Exchange | Nasdaq |
| Industry | Semiconductors & Related Devices |
| Headquarters | San Jose, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001871638 |
Frequently Asked Questions
What was Blaize's revenue in fiscal 2025?
Blaize (BZAI) reported revenue of $38.6M for fiscal 2025.
What is Blaize's annual revenue history?
Blaize's annual revenue by fiscal year: 2022: $0; 2023: $0; 2024: $0; 2025: $38.6M.
What was Blaize's net income in fiscal 2025?
Blaize reported net income of -$206.9M for fiscal 2025.
What was Blaize's earnings per share (EPS) in fiscal 2025?
Blaize's diluted EPS was -$1.98 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Blaize generate in fiscal 2025?
Blaize generated -$74.6M of free cash flow in fiscal 2025.
What was Blaize's revenue last quarter?
In its most recent reported quarter (2026 Q2), Blaize reported revenue of $12.0M.
How many shares of Blaize are outstanding?
Blaize reported a weighted average of 134.8 million basic shares outstanding in 2026 Q2.
What is Blaize's market cap?
Based on its latest closing price, Blaize (BZAI) has a market capitalization of about $35.9M.
When does Blaize's fiscal year end?
Blaize's fiscal year end, as registered with the SEC, is December 31.
Where is Blaize headquartered?
Blaize lists its business address in San Jose, California in its SEC filings.