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Technology · Semiconductors · United States · Updated May 11, 1:51pm
$1.84
Price
$225.3M
Market Cap
232
Employees
0.08
Beta
Dinakar Munagala
CEO
Business 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.
Business History
Price Overview
Last updated: May 11, 2026 1:51pm (just now)$1.84
-0.04 (-1.87%)
Day Range
$1.78 – $1.90
52-Week Range
$1.00 – $6.76
50-Day MA
$1.64
200-Day MA
$2.62
Volume
5,013,212.03
Share Structure
Outstanding
122,797,930.00
Float
59,327,150.00
Free Float
48.3%
Moderate free float
— 48.3% of shares trade freely, ~51.7% held by insiders/institutions
Reasonable but insiders still hold a significant stake. This can be positive (skin in the game) but may limit liquidity during sell-offs.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-0.93
Stock Price: $1.84
EPS (Diluted): -1.98
EPS (Diluted): -1.98
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
5.21
Stock Price: $1.84
Total Equity: $39.00M
Shares: 104,275,265
Total Equity: $39.00M
Shares: 104,275,265
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-1.78
Market Cap: $225.33M
Total Debt: $2.14M
Cash: $45.78M
EBITDA: -$91.80M
Total Debt: $2.14M
Cash: $45.78M
EBITDA: -$91.80M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$159.7M
Market Cap: $225.33M
Total Debt: $2.14M
Cash: $45.78M
Total Debt: $2.14M
Cash: $45.78M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
12.9%
Gross Profit: $5.00M
Revenue: $38.63M
Revenue: $38.63M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-237.6%
Operating Income: -$91.80M
Revenue: $38.63M
Revenue: $38.63M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-535.6%
Net Income: -$206.90M
Revenue: $38.63M
Revenue: $38.63M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-970.6%
Net Income: -$206.90M
Total Equity: $39.00M
Total Equity: $39.00M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-170.2%
Operating Income: -$91.80M
Tax Rate: -0.1%
Equity: $39.00M
Total Debt: $2.14M
Cash: $45.78M
Tax Rate: -0.1%
Equity: $39.00M
Total Debt: $2.14M
Cash: $45.78M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.23
Current Assets: $96.61M
Current Liabilities: $43.39M
Current Liabilities: $43.39M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.05
Short-Term Debt: $2.14M
Long-Term Debt: $0.00
Total Debt: $2.14M
Total Equity: $39.00M
Long-Term Debt: $0.00
Total Debt: $2.14M
Total Equity: $39.00M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$0.37
Revenue: $38.63M
Shares: 104,275,265
Shares: 104,275,265
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$0.37
Total Equity: $39.00M
Shares: 104,275,265
Shares: 104,275,265
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.79
Operating CF: -$81.41M
CapEx: -$788,000
Shares: 104,275,265
CapEx: -$788,000
Shares: 104,275,265
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $1.84
Stock Price: $1.84
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$206.90M
Net Income: -$206.90M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares BZAI against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $0 | $3.8M | $3.9M | $1.6M | $38.6M |
| Cost of Revenue | $0 | $3.0M | $3.7M | $579,000 | $33.6M |
| Gross Profit | $0 | $806,000 | $200,000 | $975,000 | $5.0M |
| Operating Expenses | $66,791 | $51.0M | $38.7M | $48.6M | $96.8M |
| Operating Income | $-66,791 | -$50.2M | -$38.5M | -$47.6M | -$91.8M |
| Net Income | $-65,892 | -$104.6M | -$87.6M | -$61.2M | -$206.9M |
| EBITDA | $-65,892 | -$47.5M | -$36.5M | -$46.7M | -$91.8M |
| EPS | $0.00 | $-0.26 | $0.01 | $-0.04 | $-1.98 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.5M | $4.9M | $0 | $1,506 | $45.8M |
| Total Current Assets | $1.9M | $12.7M | $25.7M | $758,842 | $96.6M |
| Total Assets | $293.7M | $19.3M | $72.6M | $48.3M | $102.2M |
| Current Liabilities | $700,002 | $20.2M | $31.4M | $14.0M | $43.4M |
| Long-Term Debt | $0 | $3.1M | $18.1M | $0 | $0 |
| Total Liabilities | $10.8M | $89.8M | $41.4M | $24.1M | $63.2M |
| Total Equity | $283.0M | -$70.5M | $31.2M | $24.2M | $39.0M |
| Retained Earnings | -$8.8M | -$280.5M | -$15.8M | -$23.4M | -$636.2M |
Cash Flow (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $100,269 | -$40.2M | -$2.3M | -$53.5M | -$81.4M |
| Capital Expenditure | $0 | $-493,000 | $-220,000 | $-902,000 | $-788,000 |
| Free Cash Flow | $100,270 | -$40.7M | -$2.3M | -$54.4M | -$82.2M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | -$227.8M | $0 | $0 |
| Net Change in Cash | $1.5M | -$1.6M | $821,081 | $47.3M | $45.0M |
Analyst Estimates (Annual)
| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$36.9M $36.4M – $37.3M
|
$123.4M $118.6M – $128.2M
|
$181.6M $171.6M – $191.7M
|
$205.4M $189.7M – $216.8M
|
| EBITDA |
-$22.1M -$22.4M – -$21.9M
|
-$74.0M -$76.9M – -$71.1M
|
-$109.0M -$115.0M – -$102.9M
|
-$123.2M -$130.1M – -$113.8M
|
| Net Income |
-$231.8M -$251.9M – -$211.7M
|
-$37.6M -$40.9M – -$34.4M
|
-$16.5M -$17.9M – -$15.0M
|
$4.2M $3.8M – $4.5M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | — | +0.4% | -59.7% | +2,386.0% |
| Gross Profit Growth | — | -75.2% | +387.5% | +412.7% |
| Operating Income Growth | -75,083.8% | +23.3% | -23.6% | -92.7% |
| Net Income Growth | -158,690.1% | +16.3% | +30.1% | -238.1% |
| EBITDA Growth | -71,934.5% | +23.1% | -28.1% | -96.4% |
Insider Trading (Recent)
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-01 | Sehmi Harminder | S-Sale | 40,609.00 | $1.97 | $80,000 |
| 2026-04-20 | Sehmi Harminder | M-Exempt | 505,060.00 | $0.57 | $287,884 |
| 2026-04-20 | Sehmi Harminder | S-Sale | 123,460.00 | $2.28 | $281,489 |
| 2026-04-20 | Sehmi Harminder | M-Exempt | 505,060.00 | $0.57 | $287,884 |
| 2026-04-17 | Munagala Dinakar | M-Exempt | 50,000.00 | $0.57 | $28,500 |
| 2026-04-17 | Munagala Dinakar | M-Exempt | 50,000.00 | $0.57 | $28,500 |
| 2026-04-17 | Munagala Dinakar | S-Sale | 50,000.00 | $2.54 | $127,000 |
| 2026-04-12 | Patak Stephen Paul | M-Exempt | 2,500.00 | $0.00 | $0 |
| 2026-04-12 | Patak Stephen Paul | M-Exempt | 2,500.00 | $0.00 | $0 |
| 2026-04-06 | Cannestra Anthony | M-Exempt | 50,000.00 | $0.57 | $28,500 |
| 2026-04-06 | Cannestra Anthony | M-Exempt | 50,000.00 | $0.57 | $28,500 |
| 2026-04-06 | Cannestra Anthony | S-Sale | 50,000.00 | $1.75 | $87,500 |
| 2026-03-31 | Ava Investors SA | J-Other | 5,145,638.00 | $0.00 | $0 |
| 2026-03-17 | Patak Stephen Paul | 800,000.00 | $1.18 | $944,000 | |
| 2026-03-17 | Patak Stephen Paul | 20,000.00 | $0.00 | $0 | |
| 2026-03-17 | Evans Kimberly Peterson | 300,000.00 | $0.00 | $0 | |
| 2025-12-03 | de Urioste George | A-Award | 75,258.00 | $0.00 | $0 |
| 2025-12-03 | Cannestra Anthony | A-Award | 75,258.00 | $0.00 | $0 |
| 2025-12-03 | Hambrecht Juergen | A-Award | 75,258.00 | $0.00 | $0 |
| 2025-12-03 | FUJIMORI YOSHIAKI | A-Award | 75,258.00 | $0.00 | $0 |
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27