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Equiscale · Syntellia LLC
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.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $39M | $-91M | $-207M | $-75M | -530.5% | 2386.0% | 238.1% |
| 2024 | $2M | $-47M | $-61M | $-54M | 55.4% | - | -4669.7% |
| 2023 | $0M | $-3M | $1M | $-2M | 4.3% | -100.0% | -101.3% |
| 2022 | $4M | $-44M | $-105M | $-41M | 148.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 3.84 | 0 | 1.55 | 38.63 |
| Operating Revenue | 3.59 | 0 | 1.55 | 38.63 |
| Cost Of Revenue | 3.04 | 3.66 | 0.58 | 32.44 |
| Gross Profit | 0.81 | 0.20 | 0.98 | 6.19 |
| Operating Expense | 47.76 | 3.38 | 48.39 | 97.99 |
| Research And Development | 24.30 | 18.11 | 25.09 | 42.52 |
| Selling General And Administration | 15.66 | 17.30 | 22.41 | 54.27 |
| Total Expenses | 50.80 | 3.38 | 48.97 | 130.43 |
| Operating Income | -46.96 | -3.38 | -47.42 | -91.80 |
| Total Operating Income As Reported | -50.22 | -3.38 | -47.64 | -103.84 |
| EBITDA | -44.31 | -3.38 | -46.53 | -90.60 |
| Normalized EBITDA | -44.66 | -3.38 | -30.59 | 25.28 |
| EBIT | -47.06 | -3.38 | -47.42 | -91.80 |
| Interest Income | - | 5.75 | 2.47 | - |
| Interest Expense | 57.04 | 38.98 | - | - |
| Net Interest Income | -57.04 | 5.75 | 2.47 | - |
| Other Non Operating Income Expenses | -0.46 | -9.79 | 1.21 | 0.99 |
| Other Income Expense | -0.10 | -10.79 | -14.73 | -114.89 |
| Interest Income Non Operating | - | 5.75 | 2.47 | - |
| Interest Expense Non Operating | 57.04 | 38.98 | - | - |
| Net Non Operating Interest Income Expense | -57.04 | 5.75 | 2.47 | - |
| Pretax Income | -104.10 | 2.37 | -62.15 | -206.69 |
| Tax Provision | 0.53 | 1.03 | -0.95 | 0.22 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | 0.07 | 0 | -0.24 | -24.34 |
| Net Income Continuous Operations | -104.63 | 1.34 | -61.20 | -206.90 |
| Net Income From Continuing And Discontinued Operation | -104.63 | 1.34 | -61.20 | -206.90 |
| Net Income From Continuing Operation Net Minority Interest | -104.63 | 1.34 | -61.20 | -206.90 |
| Net Income | -104.63 | 1.34 | -61.20 | -206.90 |
| Net Income Common Stockholders | -106.46 | 1.34 | -61.20 | -206.90 |
| Net Income Including Noncontrolling Interests | -104.63 | 1.34 | -61.20 | -206.90 |
| Normalized Income | -104.91 | 1.34 | -45.49 | -115.36 |
| Diluted NI Availto Com Stockholders | -106.46 | 1.34 | -61.20 | -206.90 |
| Basic Average Shares | 101.59 | 101.59 | 101.59 | 104.28 |
| Diluted Average Shares | 101.59 | 101.59 | 101.59 | 104.28 |
| Reconciled Depreciation | 2.75 | 2.04 | 0.89 | 1.20 |
| Reconciled Cost Of Revenue | 3.04 | 3.66 | 0.58 | 32.44 |
| Total Unusual Items | 0.35 | -1 | -15.94 | -115.88 |
| Total Unusual Items Excluding Goodwill | 0.35 | -1 | -15.94 | -115.88 |
| Preferred Stock Dividends | 1.82 | - | - | - |
| Special Income Charges | -2.19 | -0.10 | -0.22 | 105.07 |
| Other Special Charges | -1.07 | - | - | - |
| Restructuring And Mergern Acquisition | 3.26 | 0.10 | 0.22 | -105.07 |
| Gain On Sale Of Security | 2.54 | -0.90 | -15.72 | -220.95 |
| Depreciation Amortization Depletion Income Statement | 2.75 | 2.04 | 0.89 | 1.20 |
| Depreciation And Amortization In Income Statement | 2.75 | 2.04 | 0.89 | 1.20 |
| Other Operating Expenses | 5.04 | 3.04 | 4.77 | - |
| Depreciation Income Statement | - | - | 0.89 | 1.20 |
| Other Taxes | - | 0.34 | 0.21 | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Blaize Holdings, Inc.this co. | BZAI | $258M | -1.24 | 6.60 | -530.5% | -2.37 |
| The Hackett Group, Inc. | HCKT | $279M | 21.54 | 4.09 | 19.0% | 11.80 |
| Asure Software, Inc. | ASUR | $261M | -19.88 | 1.32 | -6.6% | 15.09 |
| Conduent Incorporated | CNDT | $259M | -1.52 | 0.38 | -24.8% | 10.57 |
| CS Disco, Inc. | LAW | $251M | -5.67 |
| 1.96 |
| -34.6% |
| -5.37 |
| Richardson Electronics, Ltd. | RELL | $251M | -219.31 | 1.60 | -0.7% | 32.74 |
| Aviat Networks, Inc. | AVNW | $250M | 186.71 | 0.95 | 0.5% | 15.93 |
| Turtle Beach Corporation | TBCH | $248M | 15.78 | 1.93 | 12.2% | 8.09 |
| Commerce.com, Inc. | CMRC | $235M | -12.14 | 5.97 | -49.1% | 55.05 |
| Peer Median | - | -3.59 | 1.77 | -3.7% | 13.45 | |
Historically, Apr has averaged the highest return (+5.7%); Jan the lowest (-22.1%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -30.3%Negative MonthJan 2026: -30.26% | -13.2%Negative MonthFeb 2026: -13.24% | +54.2%Positive MonthMar 2026: +54.24% | +7.7%Positive MonthApr 2026: +7.69% | -10.2%Negative MonthMay 2026: -10.20% | -21.6%Negative MonthJun 2026: -21.59% | -42.8%Negative MonthJul 2026: -42.75% | -35.4%*Negative MonthAug 2026: -35.44% | — | — | — | — |
| 2025 | -60.0%Negative MonthJan 2025: -60.00% | -49.0%Negative MonthFeb 2025: -49.00% | -34.0%Negative MonthMar 2025: -33.99% | +19.8%Positive MonthApr 2025: +19.80% | -16.9%Negative MonthMay 2025: -16.94% | +48.3%Positive MonthJun 2025: +48.26% | +30.9%Positive MonthJul 2025: +30.87% | -8.5%Negative MonthAug 2025: -8.46% | -3.4%Negative MonthSep 2025: -3.36% | +13.3%Positive MonthOct 2025: +13.33% | -36.1%Negative MonthNov 2025: -36.06% | -22.0%Negative MonthDec 2025: -22.00% |
| 2024 | +0.7%Neutral MonthJan 2024: +0.75% | +0.8%Neutral MonthFeb 2024: +0.83% | +1.7%Neutral MonthMar 2024: +1.74% | +0.3%Neutral MonthApr 2024: +0.27% | +0.4%Neutral MonthMay 2024: +0.45% | -0.4%Neutral MonthJun 2024: -0.45% | +0.7%Neutral MonthJul 2024: +0.72% | +0.3%Neutral MonthAug 2024: +0.31% | +0.4%Neutral MonthSep 2024: +0.40% | +0.9%Neutral MonthOct 2024: +0.89% | +0.8%Neutral MonthNov 2024: +0.79% | +30.8%Positive MonthDec 2024: +30.78% |
| 2023 | +1.0%Neutral MonthJan 2023: +0.98% | +0.3%Neutral MonthFeb 2023: +0.29% | -1.1%Neutral MonthMar 2023: -1.07% | +0.3%Neutral MonthApr 2023: +0.29% | +0.4%Neutral MonthMay 2023: +0.39% | +2.0%Neutral MonthJun 2023: +1.95% | +0.2%Neutral MonthJul 2023: +0.19% | +0.1%Neutral MonthAug 2023: +0.10% | +0.8%Neutral MonthSep 2023: +0.76% | +0.1%Neutral MonthOct 2023: +0.09% | +0.6%Neutral MonthNov 2023: +0.57% | +0.9%Neutral MonthDec 2023: +0.94% |
| 2022 | — | +0.5%Neutral MonthFeb 2022: +0.51% | +0.4%Neutral MonthMar 2022: +0.41% | +0.5%Neutral MonthApr 2022: +0.51% | -0.1%Neutral MonthMay 2022: -0.10% | -0.2%Neutral MonthJun 2022: -0.20% | +0.6%Neutral MonthJul 2022: +0.61% | +0.0%Neutral MonthAug 2022: +0.00% | +0.4%Neutral MonthSep 2022: +0.40% | +0.3%Neutral MonthOct 2022: +0.30% | +1.4%Neutral MonthNov 2022: +1.39% | -0.2%Neutral MonthDec 2022: -0.20% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 5 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
