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Blaize Holdings BZAI Q4 2025 Annual earnings

Reported March 24, 2026 · After market close

Revenue$23.8MBeat by $1.8M
EPS-$0.14In line
Revenue estimate$22.0M
EPS estimate-$0.14

Next report

Nov 12, 2026 (in 2 months)
Revenue estimate$12.6M
EPS estimate-$0.17

Financials

Q4 2025

Income statement

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Revenue$23.8M+2,377,500%
Gross profit$2.6M+455%
Operating income-$21.4M-25.6%
Net income-$3.3M+50.7%
EPS (diluted)$0.00+100%

Balance sheet

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Cash & equivalents$46.1M-8.8%
Total debt$1.4M-99.0%
Total equity$39.0M+135%
Total assets$102.2M+30.2%

Cash flow

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Operating cash flow-$16.5M+7.2%
CapEx$81.0K—
Free cash flow-$16.5M+5.4%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$237.98M—
Enterprise value$193.38M—
P/S6.2×—

Profitability

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Gross margin16%-46.7pp
Operating margin-268.8%-128pp
Net margin-535.6%-248pp
FCF margin-192.9%-93.7pp

Returns & leverage

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Debt / equity0×—
Current ratio2.2×+1.8×

FAQ

When did Blaize Holdings report Q4 2025 earnings?
Blaize Holdings (BZAI) reported Q4 2025 earnings on March 24, 2026 after market close.
What were Blaize Holdings's Q4 2025 revenue and EPS?
Blaize Holdings reported revenue of $23.8M and eps of $-0.14 for Q4 2025.
Did Blaize Holdings beat estimates in Q4 2025?
Revenue beat the consensus estimate of $22.0M by $1.8M. EPS beat the consensus estimate of $-0.14 by $0.00.
How did Blaize Holdings's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2377500.0% from $1.0K a year earlier and eps grew 68.3% from $-0.44.
Where can I find Blaize Holdings's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001871638-26-000009) and the 10-K periodic report (0001871638-26-000011) directly on SEC EDGAR. The filing index links above go to sec.gov.