Blaize Holdings, Inc. (BZAI) AI Stock Analysis

Blaize Holdings, Inc. provides artificial intelligence-enabled edge computing solutions. Its portfolio features programmable AI processors deployable across smart city, defense, retail, and enterprise markets. The company develops AI computing platforms for computer vision, advanced video analytics, and AI inference, as well as no-code or low-code software tools such as Blaize AI Studio. Additional offerings include the GSP AI computing accelerator, compute cards, a software development kit, and strategic consulting services. Blaize Holdings also maintains a strategic collaboration with Winmate Inc. to develop rugged edge AI solutions for industrial and mission-critical operations.

Between FY2022 and FY2025, Blaize Holdings delivered a 3-year revenue CAGR of 115.9%. Annual revenue moved from $3.8M in FY2022 to $3.9M in FY2023, fell 59.7% to $1.6M in FY2024, and expanded 2386.0% to $38.6M in FY2025. Gross margin was 12.9% in FY2025, down from 21.0% in FY2022. Operating losses deepened over this period, with operating margin standing at -237.6% and net income reaching -$206.9M in FY2025. For the trailing twelve months ended June 30, 2026, revenue stood at $50.4M with quarterly revenue growth of 504.7% year-over-year. TTM profit margin was -160.9% and diluted EPS was -$0.60.

As of June 30, 2026, Blaize Holdings held $36.8M in cash and short-term investments against total assets of $79.5M, resulting in a current ratio of 3.72. Shareholders' equity was $42.8M. For FY2025, operating cash flow was -$81.4M and free cash flow was -$82.2M, with capital expenditures totaling $788,000. Financing activities have expanded the share count, which increased 252.6% over a 5-year period.

At its last close of $0.25 on October 16, 2026, Blaize Holdings had a market cap of $36.5M and an enterprise value of $50.0M. The stock trades at a price-to-sales multiple of 0.7x and an EV-to-revenue multiple of 1.0x, below the median of its US-listed Technology peers at 2.8x. Over the past year, shares fell 95.2% and are down 87.1% year-to-date, lagging the S&P 500 return of 16.8% over the same 1-year period. The stock trades 80.2% below its 200-day average.

Wall Street coverage consists of 2 Strong Buy and 2 Hold ratings. The mean price target of $1.83 implies a 627.5% upside from the last close of $0.25. For the fiscal year ending December 31, 2026, analysts estimate an EPS of -$0.45 and revenue of $41.9M. For the next fiscal year, projected revenue is $100.7M with an EPS of -$0.29. The company beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 12, 2026.

This page is an AI-written research summary of Blaize Holdings, Inc. (BZAI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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