Blaize Holdings (BZAI) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Blaize Holdings

NasdaqGM•Technology•Software - Application

$0.63+0.02(0.03%)Market open

Market Cap

$79.27M

P/S

1.6x

P/B

1.9x

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. The company has a strategic collaboration with Winmate Inc. for the development of rugged edge AI solutions for industrial and mission-critical operations. Blaize Holdings, Inc. was founded in 2010 and is headquartered in El Dorado Hills, California.

How this company scores

AverageMetricSide Score: 50/100

Strongest: Growth (20/25); weakest: Cash & Earnings Quality (4/25).

Profitability11/25

Growth20/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality4/25

Strengths

Growing revenueInterest easily coveredProfit converts from growthConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 84.8x5y range 20.7x – 174.5x

Currently near its 5-quarter median.

P/S · 1.6x5y range 1.6x – 184.0x

Currently below its 6-quarter median.

P/B · 1.9x5y range 1.9x – 292.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $79.27M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $50.37M
Q. Revenue: $11.98M
TTM EBITDA: $-96.98M
TTM Op. Income: $-97.93M
Q. Op. Income: $-30.60M
TTM Net Income: $-81.02M
Q. Net Income: $-28.81M
EPS: $-0.21
Shares Out.: $134.81M

$50.37M in TTM revenue grew 1585.0% YoY, reaching $11.98M last quarter. TTM EBITDA of $-96.98M and TTM operating income of $-97.93M show growth is flowing through to the bottom line. However, net income is negative at $81.02M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 7.7%
EBITDA Margin: -253.5%
Op. Margin: -255.4%
Net Margin: -240.4%

Op. margin of -255.4% is up 848.7% YoY — cost efficiency is improving. Net margin at -240.4% and gross margin of 7.7% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 77% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.6x
P/B Ratio: 1.9x

P/S of 1.6x and P/B of 1.9x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $79.51M
Cash: $36.85M
Long-Term Debt: N/A
Book Value: $42.79M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-28.67M
TTM Free Cash Flow: $-83.42M
FCF Margin: -165.6%
FCF / Net Income: 1.0

TTM FCF of $-83.42M on $-28.67M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 145% — a weakening trend.