Blaize Holdings (BZAI) AI Stock Analysis

• Market Cap: $250.75M
• Dividend Yield: N/A
• Average Volume (3M): 2.03M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.30
• Revenue Growth: N/A
• EPS Growth: -1827.24%
• Country: US
• Employees: 232
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): -0.25
• Shares Outstanding: 121,136,140
• 10 Day Avg. Volume: 1,340,287
• 30 Day Avg. Volume: 2,029,642
• PEG Ratio: 0.91
• Price to Book (P/B): 62.90
• Price to Sales (P/S): 981.05
• P/FCF Ratio: -550.19
• Enterprise Value/Market Cap: 1.34
• Enterprise Value/Revenue: 25.29
• Enterprise Value/Gross Profit: 195.98
• Enterprise Value/Ebitda: -10.50
• 1Y Price Target: $8.33
• Price Target Upside: 310.34% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): -2.11
• Revenue Forecast (FY): $36.50M

• Rating: 46 Neutral
• Price Target: $2.50 ▲(23.15% Upside)

Blaize Holdings' overall score is driven by significant revenue growth and strategic partnerships, as highlighted in the earnings call. However, the stock faces challenges with profitability, negative valuation metrics, and bearish technical indicators.

Positive Factors

Strategic Partnerships

These partnerships enhance Blaize's market presence in the Middle East, supporting regional infrastructure initiatives and expanding its global footprint.

Revenue Growth

Significant revenue growth indicates strong demand for Blaize's products and services, positioning the company for continued expansion and market penetration.

Investment for Growth

The investment supports growth and next-gen chip development, providing financial stability and enabling strategic initiatives through 2026.

Negative Factors

Gross Margin Decline

The decline in gross margin reflects increased costs from third-party components, impacting profitability and necessitating cost management improvements.

High Leverage

High leverage increases financial risk and limits flexibility, potentially affecting long-term financial health and investment capacity.

Negative Cash Flow

Negative cash flow indicates operational inefficiencies and challenges in generating sufficient cash, which could hinder future growth and investment.

Blaize Holdings Business Overview & Revenue Model

Company Description

Blaize Holdings (BZAI) is a technology company specializing in the development and delivery of advanced edge computing solutions. The company operates primarily in the artificial intelligence and machine learning sectors, providing hardware and software platforms that facilitate real-time data processing and analytics. Blaize Holdings focuses on delivering innovative products designed for industries such as automotive, healthcare, and smart cities, enabling businesses to harness the power of AI for enhanced operational efficiency and decision-making.

How the Company Makes Money

Blaize Holdings generates revenue through multiple streams, primarily by selling its proprietary edge computing hardware and software solutions. The company offers various products, including AI-optimized processors and integrated software platforms that enable clients to deploy machine learning applications at the edge. Additionally, Blaize engages in partnerships with technology firms and system integrators, allowing it to extend its market reach and create bundled offerings that enhance its value proposition. The company may also derive income from subscription-based services or licensing agreements for its software, contributing to recurring revenue. Furthermore, strategic collaborations with industry leaders help Blaize secure large-scale contracts, significantly boosting its earnings potential.

Blaize Holdings Financial Statement Overview

Summary

Blaize Holdings shows rapid revenue growth but faces significant profitability and cash flow challenges. High leverage and negative margins pose risks, requiring strategic improvements for stabilization.

Income Statement

Blaize Holdings shows significant revenue growth in the TTM, but this is overshadowed by substantial negative margins across the board, indicating persistent profitability challenges. The gross profit margin is low, and the net profit margin is deeply negative, reflecting high operational costs relative to revenue.

Balance Sheet

The company's balance sheet reveals a high debt-to-equity ratio in the TTM, suggesting increased leverage and financial risk. The return on equity is negative, indicating that the company is not generating profits from its equity base. However, the equity ratio is relatively stable, showing some level of asset backing.

Cash Flow

Cash flow analysis shows negative operating and free cash flows, with a slight improvement in free cash flow growth. The operating cash flow to net income ratio is negative, indicating cash flow challenges. The free cash flow to net income ratio is slightly above 1, suggesting some alignment between cash flow and accounting profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	13.30M	1.55M	3.86M	3.84M	0.00
Gross Profit	1.72M	975.00K	200.00K	806.00K	0.00
EBITDA	-32.05M	-46.75M	-36.49M	-47.47M	-65.89K
Net Income	-153.22M	-61.20M	-87.59M	-104.63M	-65.89K
Balance Sheet
Total Assets	60.90M	48.32M	72.59M	19.28M	293.74M
Cash, Cash Equivalents and Short-Term Investments	24.00M	1.51K	0.00	4.91M	1.54M
Total Debt	3.13M	1.50M	21.23M	4.81M	144.75K
Total Liabilities	59.60M	24.08M	41.44M	89.82M	10.76M
Stockholders Equity	1.31M	24.24M	31.15M	-70.54M	282.98M
Cash Flow
Free Cash Flow	-58.27M	-54.43M	-2.34M	-40.72M	100.27K
Operating Cash Flow	-57.56M	-53.53M	-2.34M	-40.22M	100.27K
Investing Cash Flow	-22.32M	-902.00K	230.12M	-493.00K	-291.81M
Financing Cash Flow	54.34M	101.71M	-226.97M	39.09M	293.25M

Blaize Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BZAI, the sentiment is Negative. The current price of 2.03 is below the 20-day moving average (MA) of 2.31, below the 50-day MA of 3.28, and below the 200-day MA of 3.13, indicating a bearish trend. The MACD of -0.25 indicates Negative momentum. The RSI at 32.93 is Neutral, neither overbought nor oversold. The STOCH value of 11.72 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BZAI.

Blaize Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SKYT	64 Neutral	$719.86M	6.09	101.23%	―	0.19%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
CEVA	52 Neutral	$550.89M	-43.62	-4.22%	―	5.55%	-239.94%
VLN	51 Neutral	$151.50M	―	-23.56%	―	7.53%	-15.00%
AIP	50 Neutral	$661.81M	-18.18	―	―	20.45%	12.28%
XPER	49 Neutral	$269.67M	39.02	1.74%	―	-10.74%	―
BZAI	46 Neutral	$250.75M	-0.87	-1331.73%	―	―	-1827.24%

Blaize Holdings Corporate Events

Blaize Holdings Concludes Annual Stockholders Meeting

On December 3, 2025, Blaize Holdings, Inc. conducted its Annual Meeting of Stockholders to elect seven directors, amend its Certificate of Incorporation regarding director removal, and ratify UHY LLP as its independent accounting firm for fiscal 2025. The election of directors was successful, but the amendment to the Certificate of Incorporation was not approved, while the ratification of UHY LLP was confirmed.

Blaize Holdings Secures $30M Investment for AI Growth

On November 11, 2025, Blaize Holdings announced a $30 million private placement led by Polar Asset Management Partners. This investment aims to fuel the growth and commercialization of Blaize’s AI platform across key verticals in growth markets and support the development of its next-generation chip. The company expects the proceeds, along with other funding sources, to support its core operations into the second half of 2026. Additionally, Blaize reported preliminary financial results for the third quarter of 2025, with expected revenue of approximately $11.9 million and a net loss of around $26.3 million. The company also recognized significant revenue from its first product shipment to Starshine Computing Power Technology Limited.