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BZAIW Stock Analysis - Blaize Holdings, Inc. AI Rating

BZAIW Nasdaq Semiconductors & Related Devices DE CIK: 0001871638
Recently Updated • Analysis: Mar 21, 2026 • SEC Data: 2025-09-30
AI Rating
STRONG SELL
95% Confidence

📊 BZAIW Key Takeaways

Revenue: $14.9M
Net Margin: -1,370.5%
Free Cash Flow: $-58.0M
Current Ratio: 1.49x
Debt/Equity: 0.00x
EPS: $-2.03
AI Rating: STRONG SELL with 95% confidence

Investment Thesis

Blaize Holdings exhibits critical financial distress with massive operating losses (-$82.5M) and net losses (-$203.6M) on minimal revenue ($14.9M), indicating severe unprofitability and unsustainable cash burn. The company is hemorrhaging cash with -$58M free cash flow while depleting its limited equity cushion ($1.3M), leaving minimal margin for error despite adequate near-term liquidity.

BZAIW Strengths

  • + Adequate liquidity position with $24.0M cash and 1.49x current ratio providing runway for near-term obligations
  • + Low debt burden (0.00x debt-to-equity) with no reported long-term debt, eliminating leverage risk
  • + Positive gross margin of 24.5% indicates underlying product economics are theoretically viable if scaled

BZAIW Risks

  • ! Catastrophic operating losses of -$555.3% operating margin with -$1370.5% net margin indicating fundamental business model failure
  • ! Severe cash burn of -$57.3M operating cash flow threatening company viability; at current burn rate, cash reserves depleted within ~6 months
  • ! Equity erosion with only $1.3M stockholders equity remaining; continued losses approaching insolvency with near-zero equity cushion
  • ! Minimal revenue base of $14.9M with massive fixed costs suggests severe operating leverage working against the company
  • ! No insider buying activity signals lack of management confidence in turnaround prospects

Key Metrics to Watch

BZAIW Financial Metrics

Revenue
$14.9M
Net Income
$-203.6M
EPS (Diluted)
$-2.03
Free Cash Flow
$-58.0M
Total Assets
$60.9M
Cash Position
$24.0M

💡 AI Analyst Insight

Blaize Holdings, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

BZAIW Profitability Ratios

Gross Margin 24.5%
Operating Margin -555.3%
Net Margin -1,370.5%
ROE -15,590.2%
ROA -334.3%
FCF Margin -390.4%

BZAIW vs Technology Sector

How Blaize Holdings, Inc. compares to Technology sector averages

Net Margin
BZAIW -1,370.5%
vs
Sector Avg 18.0%
BZAIW Sector
ROE
BZAIW -15,590.2%
vs
Sector Avg 22.0%
BZAIW Sector
Current Ratio
BZAIW 1.5x
vs
Sector Avg 2.5x
BZAIW Sector
Debt/Equity
BZAIW 0.0x
vs
Sector Avg 0.5x
BZAIW Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

BZAIW Balance Sheet & Liquidity

Current Ratio
1.49x
Quick Ratio
1.25x
Debt/Equity
0.00x
Debt/Assets
97.9%
Interest Coverage
N/A
Long-term Debt
N/A

BZAIW 5-Year Financial Trend

BZAIW 5-year financial data:
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Blaize Holdings, Inc.'s revenue has remained relatively flat over the 5-year period, with a 0% decline.

BZAIW Growth Metrics (YoY)

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-390.4%
Free cash flow / Revenue

BZAIW Quarterly Performance

Quarterly financial performance data for Blaize Holdings, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $781.0K -$25.6M $-0.25
Q2 2025 $223.0K -$12.2M $-0.28
Q1 2025 $549.0K -$16.7M $-1.23

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

BZAIW Capital Allocation

Operating Cash Flow
-$57.3M
Cash generated from operations
Capital Expenditures
$707.0K
Investment in assets
Dividends
None
No dividend program

BZAIW SEC Filings

Access official SEC EDGAR filings for Blaize Holdings, Inc. (CIK: 0001871638)

📋 Recent SEC Filings

Date Form Document Action
Jan 5, 2026 8-K blz-20251226.htm View →
Dec 5, 2025 4 xslF345X05/wk-form4_1764968678.xml View →
Dec 5, 2025 4 xslF345X05/wk-form4_1764968633.xml View →
Dec 5, 2025 4 xslF345X05/wk-form4_1764968587.xml View →
Dec 5, 2025 4 xslF345X05/wk-form4_1764968545.xml View →

Frequently Asked Questions about BZAIW

What is the AI rating for BZAIW?

Blaize Holdings, Inc. (BZAIW) has an AI rating of STRONG SELL with 95% confidence, based on fundamental analysis of SEC EDGAR filings.

What are BZAIW's key strengths?

Adequate liquidity position with $24.0M cash and 1.49x current ratio providing runway for near-term obligations. Low debt burden (0.00x debt-to-equity) with no reported long-term debt, eliminating leverage risk.

What are the risks of investing in BZAIW?

Catastrophic operating losses of -$555.3% operating margin with -$1370.5% net margin indicating fundamental business model failure. Severe cash burn of -$57.3M operating cash flow threatening company viability; at current burn rate, cash reserves depleted within ~6 months.

What is BZAIW's revenue and growth?

Blaize Holdings, Inc. reported revenue of $14.9M.

Does BZAIW pay dividends?

Blaize Holdings, Inc. does not currently pay dividends.

Where can I find BZAIW SEC filings?

Official SEC filings for Blaize Holdings, Inc. (CIK: 0001871638) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is BZAIW's EPS?

Blaize Holdings, Inc. has a diluted EPS of $-2.03.

How is the AI analysis conducted?

Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.

Disclaimer: This analysis is generated by Claude AI based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 21, 2026 | Data as of: 2025-09-30 | Powered by Claude AI