FY2025 · ended Dec 31, 2025 · Revenue $38.63M · Filed Mar 24, 2026
Blaize Holdings, Inc. (BZAI) files with the SEC under industry code 3674, Semiconductors & Related Devices. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $38.6 million and a net loss of $206.9 million. Free cash flow was -$74.5 million.
Revenue (TTM)
$50.37M
Net income (TTM)
$-81.02M
+61.4% vs year-ago TTM
Operating cash flow (TTM)
$-82.67M
-28.6% vs year-ago TTM
Free cash flow (TTM)
$-83.42M
EPS (TTM)
$-0.68
Dividend per share
None
Shares outstanding
122.74M
+20.7% vs prior year
Net cash
$44.33M
FY 2025
Operating margin
-194.4%
FY 2026
Company profile
- Industry
- Semiconductors & Related Devices (SIC 3674)
- Listed as
- BZAI (Nasdaq), BZAIW (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- San Jose, CA
- SEC filer status
- , Emerging growth company
- SEC CIK
- 1871638
- Former names
- Blaize Holdings, Inc. (until Nov 5, 2026); BurTech Acquisition Corp. (until Jan 13, 2025)
Other Semiconductors & Related Devices companies
- Nvidia Corp NVDA
- Broadcom Inc. AVGO
- Micron Technology Inc MU
- Advanced Micro Devices Inc AMD
- Intel Corp INTC
- Applied Materials Inc /DE AMAT
- Texas Instruments Inc TXN
- Arm Holdings PLC /UK ARM
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | $38.6M | — | — | — |
| Operating income | -$103.8M | -$47.6M | -$3.4M | -$1.5M |
| Net income | -$206.9M | -$61.2M | $1.3M | $1.7M |
| Diluted EPS | -$1.98 | — | — | — |
| Operating cash flow | -$73.8M | -$53.5M | -$2.3M | -$1.4M |
| Free cash flow | -$74.5M | — | — | — |
| Total assets | $102.2M | $78.5M | $72.6M | $296.0M |
| Total liabilities | $63.2M | $189.0M | $41.4M | $11.4M |
| Stockholders' equity | $39.0M | -$110.5M | -$53.2M | -$10.1M |
| Cash and investments | $45.8M | $50.2M | — | $22,232 |
| Total debt | $1.4M | — | — | — |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Officer or director change, Regulation FD disclosure
|
Nov 5, 2026 | Oct 30, 2026 |
| ARS | Annual report to shareholders | Nov 4, 2026 | Nov 4, 2026 |
| 8-K |
Current report
Change to shareholder rights, Bylaw or fiscal year change, Regulation FD disclosure
|
Oct 22, 2026 | Oct 16, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure, Other events
|
Oct 6, 2026 | Oct 5, 2026 |
| 8-K |
Current report
Listing notice
|
Oct 2, 2026 | Sep 28, 2026 |
| 8-K |
Current report
Exit or restructuring costs
|
Sep 30, 2026 | Sep 24, 2026 |
All 321 Blaize Holdings, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.