Blaize Holdings (BZAI) AI Stock Analysis

• Market Cap: $407.40M
• Dividend Yield: N/A
• Average Volume (3M): 2.01M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.24
• Revenue Growth: N/A
• EPS Growth: -3299.52%
• Country: US
• Employees: 232
• Sector: Financial
• Sector Strength: 70
• Industry: Semiconductors
• EPS (TTM): -0.28
• Shares Outstanding: 102,620,190
• 10 Day Avg. Volume: 3,328,078
• 30 Day Avg. Volume: 2,007,910
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.70
• Enterprise Value/Revenue: 75.71
• Enterprise Value/Gross Profit: 167.55
• Enterprise Value/Ebitda: -1.40
• 1Y Price Target: $7.00
• Price Target Upside: 79.49% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 48 Neutral
• Price Target: $3.50 ▼(-10.26% Downside)

Blaize Holdings' overall score is primarily impacted by its financial instability, with negative profitability and cash flow issues being major concerns. The positive outlook from the earnings call, with strong contract wins and revenue growth, provides some optimism. However, the negative valuation metrics and neutral technical indicators limit the stock's attractiveness.

Blaize Holdings Business Overview & Revenue Model

Company Description

Blaize Holdings, Inc. provides artificial intelligence (AI)-enabled edge computing solutions. It offers AI edge computing products, including Blaize Pathfinder P1600 embedded system on modules, Blaize Xplorer X1600E EDSFF small form factor accelerators, Blaize Xplorer X600M M.2 small form factor accelerator platforms, Blaize Xplorer X1600P PCIe accelerators, Blaize Xplorer X1600P-Q PCIe accelerators, and Blaize Pathfinder 1600-DK embedded kits. The company also provides Blaize AI studio that delivers AI-driven application end-to-end data operations, development operations, and machine learning operation tools; and AI Studio marketplace, which allows users to browse and use AI/ML artifacts to run or share securely across their team and organization. It serves automotive, smart vision, and enterprise computing markets. The company was founded in 2010 and is headquartered in El Dorado Hills, California.

How the Company Makes Money

Blaize Holdings generates revenue through multiple streams, primarily by selling its proprietary hardware and software solutions to enterprises looking to implement edge computing and AI technologies. Key revenue streams include direct sales of AI processors and integrated systems, licensing fees from software development tools, and subscription services for ongoing software support and updates. Additionally, the company may engage in strategic partnerships with other technology firms and OEMs (Original Equipment Manufacturers) to co-develop solutions, further expanding its market reach and enhancing its earnings potential. These collaborations can also lead to joint marketing efforts, providing Blaize with additional avenues for revenue generation.

Blaize Holdings Financial Statement Overview

Summary

Blaize Holdings is facing significant financial challenges. Despite strong revenue growth, the company struggles with profitability, negative net profit margins, and cash flow issues. The balance sheet shows negative stockholders' equity, indicating financial instability.

Income Statement

Blaize Holdings has shown significant revenue growth in the TTM period, with an 87.43% increase. However, the company is struggling with profitability, as evidenced by a negative net profit margin of -95.53% and negative EBIT and EBITDA margins. The gross profit margin has also decreased significantly from previous years, indicating challenges in cost management.

Balance Sheet

The company's balance sheet shows a concerning negative stockholders' equity, which indicates financial instability. The debt-to-equity ratio is low, suggesting limited leverage, but this is overshadowed by the negative equity. Return on equity is positive in the TTM period due to negative equity, but this is not a sustainable situation.

Cash Flow

Blaize Holdings has negative operating and free cash flows, indicating cash flow challenges. The free cash flow growth is slightly positive, but the operating cash flow to net income ratio is negative, reflecting inefficiencies in converting income to cash. The free cash flow to net income ratio is 1.0, but this is due to both metrics being negative.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.77M	1.55M	3.86M	3.84M	0.00
Gross Profit	1.70M	975.00K	200.00K	806.00K	0.00
EBITDA	-204.42M	-3.60M	-36.49M	-47.47M	-65.89K
Net Income	-152.57M	-4.11M	1.34M	-104.63M	-65.89K
Balance Sheet
Total Assets	53.83M	48.32M	72.59M	19.28M	293.74M
Cash, Cash Equivalents and Short-Term Investments	28.59M	1.51K	25.38M	4.91M	1.54M
Total Debt	2.93M	1.50M	21.23M	4.81M	144.75K
Total Liabilities	58.64M	24.08M	41.44M	25.80M	10.76M
Stockholders Equity	-4.81M	24.24M	31.15M	-6.52M	282.98M
Cash Flow
Free Cash Flow	-48.57M	-2.77M	-2.34M	-40.72M	100.27K
Operating Cash Flow	-46.81M	-2.77M	-2.34M	-40.22M	100.27K
Investing Cash Flow	-23.37M	1.80M	230.12M	-493.00K	-291.81M
Financing Cash Flow	30.52M	886.25K	-226.97M	39.09M	293.25M

Blaize Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BZAI, the sentiment is Positive. The current price of 3.9 is above the 20-day moving average (MA) of 3.45, above the 50-day MA of 3.71, and below the 200-day MA of 4.53, indicating a neutral trend. The MACD of 0.08 indicates Negative momentum. The RSI at 60.17 is Neutral, neither overbought nor oversold. The STOCH value of 66.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BZAI.

Blaize Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SKYT	58 Neutral	871.02M	-52.60	-36.45%	―	-10.53%	36.86%
VLN	49 Neutral	189.24M	-5.69	-28.47%	―	8.70%	-13.95%
BZAI	48 Neutral	$407.40M	―	-1405.64%	―	―	-3299.52%
CEVA	48 Neutral	628.10M	-62.06	-1.60%	―	7.71%	-44.25%
XPER	48 Neutral	305.32M	-77.46	6.30%	―	-6.09%	97.33%
AIP	45 Neutral	412.85M	-11.85	440.19%	―	18.64%	16.54%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Blaize Holdings Corporate Events

Blaize Holdings Grants CFO Stock Options

On September 1, 2025, Blaize Holdings, Inc. granted its Chief Financial Officer, Harminder Sehmi, an option to purchase 200,000 shares of the company’s common stock at an exercise price of $3.57 per share. This decision was made under the company’s 2025 Incentive Award Plan as a reward for his significant contributions. The stock option will vest in equal parts over the next two years, contingent upon Mr. Sehmi’s continued service with the company.

The most recent analyst rating on (BZAI) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Blaize Holdings stock, see the BZAI Stock Forecast page.