Blaize Holdings, Inc. (NASDAQ:BZAI)
Insiders here have filed 4 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Loses money on what it sells.
- Revenue
- $50.4M
- Net income
- -$81.0M
- Net margin
- -160.9%
Little or no net debt.
- Total debt
- $0
- Cash
- $36.8M
- Debt / equity
- 0.00
Comfortably covers what is due within a year.
- Current assets
- $74.0M
- Current liabilities
- $19.9M
- Current ratio
- 3.72
Consumes cash and must keep raising it.
- Operating cash flow
- -$82.7M
- Free cash flow
- -$83.4M
- FCF margin
- -165.6%
Burning cash with under a year of runway — expect a raise.
- Shares outstanding
- 134.8M
- Share growth (1y)
- 28.9%
- Cash runway
- 5 months
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
BZAI Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 11.98 M | 2.74 M | 23.78 M | 11.87 M | 1.98 M | 1.01 M |
| Revenue Growth (YoY) | 504.69 % | 171.90 % | 2377500.00 % | 1419.46 % | 788.79 % | 83.42 % |
| Cost of Revenue | 11.29 M | 1.35 M | 21.40 M | 10.46 M | 1.26 M | 518.00 K |
| Gross Profit | 699.00 K | 1.39 M | 2.38 M | 1.41 M | 722.00 K | 489.00 K |
| SG&A Expense | 20.82 M | 15.10 M | 13.61 M | 14.32 M | 12.99 M | 13.36 M |
| R&D Expense | 10.48 M | 9.68 M | 10.12 M | 9.68 M | 9.61 M | 13.12 M |
| Operating Expenses | 31.30 M | 24.78 M | 23.73 M | 24.00 M | 22.61 M | 26.48 M |
| Operating Income | -30.60 M | -23.39 M | -21.35 M | -22.59 M | -21.88 M | -25.99 M |
| Pretax Income | -28.54 M | -22.55 M | -3.30 M | -26.24 M | -29.55 M | -147.60 M |
| Tax Provision | 268.00 K | 99.00 K | -5.00 K | 21.00 K | 39.00 K | 162.00 K |
| Net Income | -28.81 M | -22.65 M | -3.30 M | -26.26 M | -29.59 M | -147.76 M |
| EPS (Basic) | -0.21 | -0.19 | -0.03 | -0.25 | -0.28 | -1.61 |
| EPS (Diluted) | -0.21 | -0.19 | -0.03 | -0.25 | -0.28 | -1.61 |
| Shares Outstanding | 134.81 M | 122.38 M | 116.57 M | 103.59 M | 104.59 M | 91.75 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.