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Companies / Information Technology / Blaize Holdings, Inc.
BZAI

Blaize Holdings, Inc.

Ticker BZAISAN JOSE, CAFiscal year ends DecemberBook value per share $0.33Diluted shares 128.6M

Blaize Holdings, Inc. (Nasdaq: BZAI) develops AI computing solutions that combine proprietary hardware and software with complementary third-party systems for inference workloads at the edge and in data centers. Its products include the Graph Streaming Processor (GSP) accelerator, compute cards incorporating the GSP,… From the company’s description.

In fiscal 2025, Blaize Holdings, Inc. reported revenue of $38.63M, up 2386.0% from fiscal 2024, and a net loss of $206.90M. Its operating margin was −268.8%, and operations used $73.75M in cash. Over the twelve months to Jun 30, 2026, revenue was $50.37M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$38.63MFY2025
+2386.0% year over year
Last 12 mo $50.37M
-268.80%FY2025
+2796.5 percentage points
Last 12 mo -194.43%
$-206.90MFY2025
−238.1% year over year
-530.52%FY2025
−585.9 percentage points
Last 12 mo -189.33%
Cash & financing
$-73.75MFY2025
−37.8% year over year
Last 12 mo $-82.67M
$-74.54MFY2025
−36.9% year over year
Last 12 mo $-83.42M
0.11FY2025
Was -1.48× a year earlier
104.3MFY2025
+496.7% year over year
Last 12 mo 128.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Blaize Holdings, Inc. does

In the company’s own words

Blaize Holdings, Inc. (Nasdaq: BZAI) develops AI computing solutions that combine proprietary hardware and software with complementary third-party systems for inference workloads at the edge and in data centers. Its products include the Graph Streaming Processor (GSP) accelerator, compute cards incorporating the GSP, and server and standalone systems that host its technology. Software offerings include a development kit and Blaize AI Studio, a visual no-code and low-code environment for creating and deploying AI models; the company also provides customer-specific strategic consulting. Customers include businesses and, through partners, organizations deploying applications such as computer vision and machine learning; in 2025, two customers in China generated 61% and 27% of revenue. Blaize reported one business operation, with no segment breakdown provided. For the year ended December 31, 2025, revenue came entirely from hardware and software products, and the company employed 254 people. Blaize became publicly traded in January 2025 through a business combination with BurTech Acquisition Corporation, with Legacy Blaize surviving as its operating subsidiary. Its website is https://www.blaize.com.

Company details
Sector
Information Technology
Industry (SIC)
Semiconductors
Headquarters
SAN JOSE, CA
Fiscal year end
December
CIK
1871638
SIC
3674

Financial performance, year by year

Fiscal 2022–2025 · USD
$-232.63M$-155.45M$-78.27M$-1.09M$76.09M2022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Blaize Holdings, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

81
funds hold it
0 of 35
superinvestors hold it
$20.33M
held by funds, at market
9.5%
of shares held by funds

Largest fund holders · Blaize Holdings, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.00%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
—of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
College Retirement Equities Fund - Total Global Stock Account
QCSTRX · College Retirement Equities Fund
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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