Blaize Holdings, Inc. (BZAI) Stock

Blaize Holdings, Inc. (BZAI) is a Technology stock trading at $0.49 (as of 2026-08-20), with a market capitalization of $71.59M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Blaize Holdings, Inc. provides AI-enabled edge computing hardware and related software tools. Its offerings include embedded accelerator modules and platforms, such as Pathfinder and Xplorer products, along with AI Studio for end-to-end AI application data and operations workflows and a marketplace for AI/ML artifacts. The company serves customers in automotive, smart vision, and enterprise computing.

Understand Blaize Holdings, Inc.: how it makes money

Blaize Holdings builds AI-enabled edge computing solutions, selling embedded hardware accelerators and kits, and an AI Studio software offering that supports end-to-end data operations, development operations, and machine learning.

The profit model depends on converting pipeline and customer commitments into actual shipments and software license revenue, and in the latest quarter there was no reported revenue from AI Studio and nearly all measurable revenue-linked activity was limited (for example, small Starshine shipments).

Revenue by segment (latest quarter)
Hardware$0.0B
AI Studio$0.0B
Eng Services$0.0B

Business quality (Weak): Investor focus is likely on whether Blaize can move from multi-year pipeline and signed commitments into recurring, recognized hardware and software revenue, because the latest quarter shows zero reported revenue and a deeply negative operating margin.

Bull case

  • Blaize reports an Active Global Pipeline Opportunities (Through 2027) of 0.72 USD_B and 0.18 USD_B in Contracts and Purchase Orders Signed (Customer Commitments), indicating customer discussions and commitments exist beyond a single period: If those commitments translate into shipments and software monetization, revenue should become more visible over time.
  • Gross margin is reported at 57.6% for the latest period: If scale improves and operating costs are controlled, profitability could improve even with a hardware plus software mix.

Bear case

  • Latest quarter revenue is reported as 0.0 USD_B, and AI Studio License Revenue is reported as 0.0 USD_B: This suggests the company is not recognizing meaningful software revenue in the current period.
  • Operating margin is reported at -854.2%: High operating losses can limit financial flexibility until revenue recognition grows.
  • Revenue Opportunities in Advanced Discussions is 0.3 USD_B, but measurable Starshine Contract Revenue Shipments to Asia Pacific are reported at only 0.01 USD_B: There is a risk that advanced discussions do not convert into actual shipments fast enough.
Valuation — source: SEC EDGAR (first-party)
Price$0.49
Market Cap$71.59M
Price / Book1.67
Price / Sales1.42
FCF Yield-116.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$38.63M
Net Margin-535.6%
Revenue Growth (YoY)504.7%
EPS Growth (YoY)-25.0%
FCF Growth (YoY)77.5%
Financial Health — source: SEC EDGAR
Altman Z-Score-10.49 (distress)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Electronic Equipment)39.4
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($10.27M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryElectronic Equipment
CEODinakar Munagala
Employees232
CountryUS
IPO Date2025-01-14

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BZAI earnings history · BZAI institutional & insider holders · BZAI KPIs & operating metrics · BZAI financials · BZAI investor presentations & press releases · BZAI SEC filings · BZAI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.