Blaize Holdings, Inc.
- Open
- 1.11
- Day high
- 1.11
- Day low
- 1.01
- Prev close
- 1.13
- Volume
- 7.3M
- Mkt cap
- $147M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 5.8
- P/S
- 3.6
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$989K over the last 3 months (0 open-market buys, 9 sales)
- 🏛Institutions accumulating (13F)
Blaize Holdings, Inc. (BZAI) is a Technology company listed on NASDAQ. The stock is down 66% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 9 sales (SEC Form 4).
Blaize Holdings, Inc. (BZAI) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BZAI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 14, 2026 | $-0.13 | $-0.13 | +0.0% | $3M | +0.0% |
| Mar 24, 2026 | $-0.14 | $-0.14 | +0.0% | $24M | +8.2% |
| Nov 13, 2025 | $-0.14 | $-0.14 | +0.0% | $12M | -46.0% |
| Aug 14, 2025 | $-0.15 | $-0.28 | -86.7% | $2M | -11.0% |
| May 14, 2025 | $-0.18 | $-0.29 | -61.1% | $1M | -37.4% |
| Mar 27, 2025 | $-0.66 | $-0.44 | +33.0% | $1000 | +11.1% |
| Sep 30, 2024 | — | $-1.47 | — | $781000 | — |
| Jun 30, 2024 | — | $-0.12 | — | $223000 | — |
| Mar 31, 2024 | — | $-0.16 | — | $549000 | — |
| Dec 31, 2023 | — | $-3.99 | — | $414000 | — |
| Sep 30, 2023 | — | $-3.38 | — | $571000 | — |
| Jun 30, 2023 | — | $-2.75 | — | $1M | — |
BZAI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 8, 2026 | Cannestra Anthonydirector | Option | 50,000 | $0.57 |
| Jul 8, 2026 | Cannestra Anthonydirector | Sell | 50,000 | $1.35 |
| Jul 6, 2026 | Sehmi Harminderofficer: Chief Financial Officer | Sell | 40,609 | $1.37 |
| Jun 10, 2026 | Cannestra Anthonydirector | Option | 50,000 | $0.57 |
| Jun 10, 2026 | Cannestra Anthonydirector | Sell | 50,000 | $1.68 |
| Jun 10, 2026 | Munagala Dinakardirector, officer: Chief Executive Officer | Sell | 50,000 | $2.54 |
| Jun 3, 2026 | Evans Kimberly Petersonofficer: General Counsel | Tax | 26,989 | $1.76 |
| Jun 3, 2026 | Sehmi Harminderofficer: Chief Financial Officer | Sell | 40,609 | $1.82 |
| Jun 3, 2026 | Evans Kimberly Petersonofficer: General Counsel | Option | 75,000 | — |
| May 12, 2026 | Cannestra Anthonydirector | Option | 50,000 | $0.57 |
| May 12, 2026 | Cannestra Anthonydirector | Sell | 50,000 | $1.85 |
| May 5, 2026 | Sehmi Harminderofficer: Chief Financial Officer | Sell | 40,609 | $1.97 |
| Apr 22, 2026 | Sehmi Harminderofficer: Chief Financial Officer | Sell | 123,460 | $2.28 |
| Apr 22, 2026 | Sehmi Harminderofficer: Chief Financial Officer | Option | 505,060 | $0.57 |
| Apr 20, 2026 | Munagala Dinakardirector, officer: Chief Executive Officer | Sell | 50,000 | $2.54 |
Source: BZAI SEC Form 4 filings, latest Jul 8, 2026. For informational purposes only — not investment advice.
See the full BZAI insider & 13F page →Blaize Holdings, Inc. company profile
Overview
Blaize Holdings, Inc. (NASDAQ:BZAI) is an artificial intelligence semiconductor company founded in 2010 and headquartered in El Dorado Hills, California. The company went public in January 2025 and specializes in developing AI-enabled edge computing solutions designed to bring artificial intelligence processing closer to where data is generated, rather than relying solely on cloud-based computing. Blaize focuses on creating specialized processors and software tools that enable real-time AI applications across automotive, smart vision, and enterprise computing markets.
Business
Blaize operates in the edge AI semiconductor industry, which sits at the intersection of artificial intelligence and computer chip manufacturing. While most AI processing today happens in large data centers using powerful graphics processing units (GPUs), edge AI brings this computational power directly to devices like cameras, vehicles, and industrial equipment. This approach reduces latency (the delay between input and response), saves bandwidth, and enables real-time decision-making without requiring constant internet connectivity. The company's core products include several hardware platforms designed for different deployment scenarios. The Blaize Pathfinder P1600 is an embedded system-on-module designed for integration into larger systems, while the Blaize Xplorer series includes various form factors like PCIe cards (X1600P), M.2 modules (X600M), and small form factor accelerators (X1600E) that can be added to existing computer systems to provide AI acceleration capabilities. Beyond hardware, Blaize offers Blaize AI Studio, a comprehensive software development platform that provides tools for developing, deploying, and managing AI applications. This includes an AI Studio marketplace where users can share and access pre-built AI models and applications. The company's technology is built around what they call a Graph Streaming Processor, which is designed to be programmable and adaptable to different AI workloads, particularly as AI models become more efficient and smaller. The company targets three primary market segments: automotive applications (particularly autonomous driving systems), smart vision systems (such as surveillance and industrial inspection), and enterprise computing applications across manufacturing, healthcare, defense, and smart infrastructure.
Revenue model
Blaize generates revenue primarily through product sales of its AI accelerator hardware and licensing fees for its software development tools. The company's customers are typically original equipment manufacturers (OEMs), system integrators, and enterprises that need to embed AI capabilities into their products or operations. Current revenue is modest, with $1.6 million in 2024, primarily from strategic consulting fees related to automotive OEM autonomous driving platform development. The company employs a two-pronged go-to-market strategy: direct engagement with high-value customers and ecosystem partnerships with system integrators and independent software vendors (ISVs). This "land and expand" approach allows Blaize to establish initial relationships and then scale across different verticals within the same organization. Several factors could significantly impact Blaize's margins and revenue potential. Positive drivers include the growing adoption of edge AI applications as organizations seek to reduce cloud computing costs and improve response times, the trend toward smaller and more efficient AI models that can run on edge devices, and increasing demand for real-time AI processing in critical applications like autonomous vehicles and industrial automation. The company is targeting what it estimates to be a $71.3 billion global edge AI market by 2028. Margin pressures could come from intense competition with established semiconductor companies like NVIDIA, Intel, and Qualcomm, the high costs of semiconductor development and manufacturing, and the need for continuous R&D investment to keep pace with rapidly evolving AI technologies. Additionally, the company's success depends heavily on the broader adoption of edge AI applications, which may take longer to materialize than anticipated, particularly in conservative industries like automotive where safety and regulatory requirements create longer development cycles.
Competitive moat
Blaize's competitive moat appears relatively narrow in the highly competitive semiconductor industry. The company's primary differentiation lies in its programmable Graph Streaming Processor architecture, which is designed to be more flexible and power-efficient than traditional GPU-based solutions for edge AI applications. This programmability allows the same hardware to adapt to different AI workloads as models evolve, potentially providing longer product lifecycles compared to fixed-function accelerators. However, this moat faces significant challenges. Large established players like NVIDIA, Intel, AMD, and Qualcomm have substantially greater resources for R&D, manufacturing scale, and market reach. These companies are also investing heavily in edge AI solutions and have existing relationships with major OEMs and system integrators. Additionally, cloud providers like Amazon, Google, and Microsoft are developing their own custom AI chips, potentially reducing demand for third-party solutions. The company's software ecosystem through AI Studio could provide some stickiness once customers adopt the platform, but this advantage is still developing and faces competition from more established development environments. Blaize's focus on specific verticals like automotive and industrial applications may provide some protection through specialized expertise and customer relationships, but these markets are also being targeted by larger competitors. The threat of disruption is significant, as the AI chip landscape is rapidly evolving with new architectures, manufacturing processes, and software approaches emerging regularly. The company's survival and growth will likely depend on its ability to maintain technological differentiation while building scale and customer relationships faster than larger competitors can respond to the edge AI opportunity.
Risks & safety
Blaize presents significant financial risk with very limited margin of safety for investors. Liquidity and Solvency Concerns: - Cash position critically low at $1.5 thousand as of Q4 2024, down from $68.6 million in Q3 2024 - Current ratio of 0.054, indicating severe short-term liquidity problems - Total current liabilities of $14.0 million far exceed current assets of $0.8 million - Company burning cash with negative free cash flow, though improved in Q4 2024 Valuation Metrics: - Trading at 10.8x book value despite minimal revenue generation - Price-to-sales ratio extremely high given $1.6 million annual revenue - Negative EBITDA of $46.7 million in 2024 makes traditional valuation metrics challenging Other Considerations: - Recent IPO in January 2025 may have provided some capital infusion not reflected in Q4 2024 numbers - 2025 revenue guidance of $19-50 million suggests potential significant growth, but execution risk is high - Company expects continued substantial losses with projected adjusted EBITDA loss of $70-75 million in 2025
Recent development
Over the past few years, Blaize has undergone significant strategic evolution, transitioning from a broader AI chip company to a focused edge AI specialist. The company has shifted its emphasis toward what it calls "Physical AI" - AI applications that interact with the physical world in real-time, such as autonomous vehicles, industrial automation, and smart infrastructure systems. A key strategic pivot has been the development of the Graph Streaming Processor architecture, which differentiates Blaize from traditional GPU-based AI solutions by offering programmable, low-power processing specifically optimized for edge deployments. This technology is designed to complement rather than compete directly with cloud-based AI processing, positioning the company in the growing market for distributed AI computing. The company has also invested heavily in its software ecosystem, expanding the AI Studio platform to include comprehensive development tools and a marketplace for AI applications. This software-centric approach aims to create customer stickiness and recurring revenue opportunities beyond hardware sales. Strategically, Blaize has focused on building partnership ecosystems rather than going to market entirely independently. The company works with system integrators, independent software vendors, and hardware manufacturers to embed its solutions into larger systems and applications. Recent developments include expanding focus on defense and smart cities markets, alongside the original automotive and industrial targets. The company's approach to market timing has also evolved, with management acknowledging that automotive revenue opportunities are still several years away while pivoting to capture nearer-term opportunities in manufacturing, healthcare, and defense applications where edge AI adoption may happen more quickly.
BZAI company profile · for informational purposes only — not investment advice.
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