Blaize Holdings Inc.
A complete Wall Street Score is unavailable because required model components are missing. Missing model components: revenue, Buffett-style model component. These are scoring components, not a claim that the company has no assets or earnings. Missing inputs are not zero and do not by themselves make this a weak company. Available financial statements and source-backed research remain visible.
Severe listing-compliance risk
The share price is below $1 and the stored reverse-split/listing-risk level is HIGH. No verified reverse-split authorization or announced reverse split is currently recorded. This is a risk signal, not confirmation that Nasdaq has issued a deficiency notice.
BZAI · Price history
Price at last available close
$0.20
−$0.27 (-57.54%) 1M
2026-10-29
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Company & revenue
About Blaize Holdings Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
Blaize Holdings, Inc. provides artificial intelligence (AI)-enabled edge computing solutions. Its portfolio includes programmable AI processors in a broad range of form factors, deployable across several verticals, including smart city, defense, retail and enterprise markets; and AI computing platforms that enable applications, such as computer vision, advanced video analytics, and AI inference, as well as software tools that allows non-expert practitioners to deploy AI applications on its hardware without the need to learn or use source code. The company also offers the GSP, an AI computing accelerator for computer vision, machine learning, and AI applications; compute cards, such as peripheral component interconnected express card and other cards; software development kit; Blaize AI Studio, a visual no-code or low-code environment intended to simplify the creation and deployment of AI models; and strategic consulting services.
How they make money
Blaize Holdings, Inc. operates as a fabless semiconductor company that generates revenue primarily through the sale of its proprietary AI-enabled edge computing hardware, including system-on-chip (SoC) products, and associated software platforms. The company monetizes its technology by providing programmable, energy-efficient AI solutions to enterprise customers across industries such as smart cities, defense, and automotive, often through long-term deployment programs.
Products & services
The company provides the Blaize AI Platform, which includes programmable edge AI hardware (SoC), software development kits (SDKs), and orchestration tools designed to optimize AI model performance from the edge to the core.
Brands & revenue mix
The core brand encompassing the company's hardware and software AI solutions.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
The company has not disclosed specific customer concentration percentages in its 2025 annual report.
Suppliers, materials & equipment
Business relationships & partnerships
- REACH Digital — A strategic memorandum of understanding (MOU) signed during GITEX Global 2025 to collaborate on digital transformation initiatives.Source
Strengths
- Programmable, energy-efficient edge AI computing architectureSource
Risks
- Reliance on third-party manufacturers for semiconductor productionSource
Company-specific research
Questions worth answering for BZAI
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can BZAI maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can BZAI fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •How is BZAI likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for BZAI to reach sustainable profitability?
- •What future growth or profitability would be needed to justify BZAI's current valuation?
Essential Investment Snapshot
Market Cap
$29.3M
P/E Ratio
-0.7
EPS
$-0.68
52-Week High
$6.76
52-Week Low
$0.42
Beta
0.08
Analyst Target
$2.00
Shares Outstanding
104.3M
Total Debt
$2.1M
Dividend
No current dividend
Liquidation Value / Share
$0.41
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Extreme movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for BZAI
Detected from reported data — verify before acting.Share split detected
A recent SEC filing references a reverse stock split/share consolidation. Repeated reverse splits receive progressively harsher score ceilings.
Supporting sourceMAJOR RED FLAG: Reverse split proposed / authorized
A recent SEC filing discusses authorization, approval, or a proposal for a reverse stock split. This is treated as a major distress/listing-risk signal and caps Wall Street Score below 30 while pending.
Supporting filingCRITICAL: Going-concern warning
A recent SEC filing contains explicit going-concern language. Wall Street Score is capped at 15 until the distress condition is resolved in later filings.
Supporting filingReverse-split headline · Oct 16, 2026
Blaize Holdings, Inc. Announces Distribution of Series B Preferred Stock to Holders of its Common Stock Intended to Facilitate a Reverse Stock Split, if Necessary — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
GlobeNewsWireCommunity Sentiment
0 active · 0 total callsNo personal call yet on BZAI.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Programmable, energy-efficient edge AI computing architecture.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Semiconductors industry.
- −Reliance on third-party manufacturers for semiconductor production.
- −A recent SEC filing references a reverse stock split/share consolidation. Repeated reverse splits receive progressively harsher score ceilings.
- −A recent SEC filing discusses authorization, approval, or a proposal for a reverse stock split. This is treated as a major distress/listing-risk signal and caps Wall Street Score below 30 while pending.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
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One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
Score changes will appear once more historical records are available.
Price vs. Value
Valuation unavailableCurrent Price
$0.20
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Large reported revenue change: +2386.0%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue | $50.4M | $38.6M | $1.6M | $0.00 | ···· | ···· |
| Cost of Revenue | $44.5M | $33.6M | $1.5M | $0.00 | ···· | ···· |
| Gross Profit | $5.9M | $5.0M | $89K | $0.00 | ···· | ···· |
| Research & Development | $39.9M | $42.5M | $25.1M | $0.00 | ···· | ···· |
| SG&A Expenses | $63.9M | $54.3M | $22.4M | $3.0M | ···· | ···· |
| Operating Expenses | $103.8M | $96.8M | $47.5M | $3.4M | ···· | ···· |
| EBITDA | -$97.0M | -$90.6M | -$46.5M | -$3.4M | ···· | ···· |
| Operating Income | -$97.9M | -$91.8M | -$47.4M | -$3.4M | ···· | ···· |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· |
| Income Before Tax | -$80.6M | -$206.7M | -$62.1M | $2.4M | ···· | ···· |
| Income Tax Expense | $383K | $217K | -$952K | $1.0M | ···· | ···· |
| Net Income | -$81.0M | -$206.9M | -$61.2M | $1.3M | ···· | ···· |
| Basic EPS | $-0.49 | $-1.98 | $-3.50 | $0.06 | ···· | ···· |
| Basic Shares | 135M | 104M | 17.48M | 21.45M | ···· | ···· |
| Diluted Shares | 135M | 104M | 17.48M | 21.45M | ···· | ···· |
Earnings Summary
Revenue
$12.0M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.21
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-100.0%
Cash Change
+28.9%
Margin Change
+1252.5 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
- Debt reduced
Potential Score Impact
Positive indicators included revenue growth, cash levels, debt levels, net income margin. Pressure indicators included EPS growth. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 504.7%. EPS declined 25.0%. Cash increased 28.9%. Total debt declined 100.0%. Net income margin improved by 1252.5 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
SemiconductorsNews
Blaize Holdings, Inc. Announces Distribution of Series B Preferred Stock to Holders of its Common Stock Intended to Facilitate a Reverse Stock Split, if Necessary
BZAI FINAL SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Reminds Blaize Investors of Securities Class Action Lawsuit Deadline on October 5, 2026
Bronstein, Gewirtz & Grossman LLC Urges Blaize Holdings, Inc. Investors to Act: Class Action Filed Alleging Investor Harm
BZAI Investors Have Opportunity to Lead Blaize Holdings, Inc. Securities Fraud Lawsuit with SBS Law
Rumor Mill · BZAI
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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