Blaize Holdings, Inc.

Blaize Holdings, Inc.

BZAI·NASDAQ

$1.79

-3.8%
TechnologySemiconductors

Blaize Holdings, Inc. provides artificial intelligence (AI)-enabled edge computing solutions. It offers AI edge computing products, including Blaize Pathfinder P1600 embedded system on modules, Blaize Xplorer X1600E EDSFF small form factor accelerators, Blaize Xplorer X600M M.2 small form factor accelerator platforms, Blaize Xplorer X1600P PCIe accelerators, Blaize Xplorer X1600P-Q PCIe accelerators, and Blaize Pathfinder 1600-DK embedded kits. The company also provides Blaize AI studio that delivers AI-driven application end-to-end data operations, development operations, and machine learning operation tools; and AI Studio marketplace, which allows users to browse and use AI/ML artifacts to run or share securely across their team and organization. It serves automotive, smart vision, and enterprise computing markets. The company was founded in 2010 and is headquartered in El Dorado Hills, California.

At a Glance

Live Snapshot
Market Cap$200.14M
EPS-1.9800
P/E Ratio-0.90
Earnings Date08/13/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -0.9).

Valuation inputs: P/E -0.9, earnings yield N/A, momentum -3.8%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -5.3%, ROIC -1.5%).

Profitability stack: net margin -5.4%, ROE -5.3%, ROIC -1.5%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +61.9%, momentum -3.8%, net margin -5.4%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

bzai

Blaize Holdings, Inc. Market vs Earnings Trajectory

BZAI · NASDAQ

Loading price and EPS data...

Blaize Holdings, Inc.

Blaize Holdings, Inc. Fair Value Envelope

BZAI · NASDAQ

Our analysis suggests that BZAI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $1.79, this represents a potential HIDDEN relative to our calculated worth for Blaize Holdings, Inc..

Intrinsic Value
Current Price: $1.79
3Y+662.0%
5Y+989900.0%
10Y+989900.0%
3Y+906.0%
5Y-
10Y-
3Y+98.0%
5Y+313905.0%
10Y+313905.0%
3Y+102.0%
5Y-81291.0%
10Y-81291.0%
3Y+102.0%
5Y-82076.0%
10Y-82076.0%
3Y+430.0%
5Y-65.0%
10Y-65.0%
Blaize Holdings, Inc.

Blaize Holdings, Inc. Profit Bridge

BZAI · NASDAQ
Revenue38.63M
Cost of Goods Sold (33.63M)
Gross Profit5.00M
Operating Expenses (96.80M)
Operating Income-91.80M
Interest Expense (0.00)
Other Income/Expense-114.89M
Pretax Income-206.69M
Income Tax (217.00K)
Net Income-206.90M
Net Income
-206.90M

Profitability Analysis

Gross Margin

12.9%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

-237.6%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-535.6%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

12.94%
Gross Profit Margin
-79%
3Y-38.0%
5Y-
10Y-
-237.62%
Operating Profit Margin
-92%
3Y-82.0%
5Y-
10Y-
-535.58%
Net Profit Margin
-86%
3Y-80.0%
5Y-
10Y-
-530.52%
Return on Equity
110%
3Y-458.0%
5Y+2276823.0%
10Y+2276823.0%
-202.36%
Return on Assets
60%
3Y-63.0%
5Y+903306.0%
10Y+903306.0%
-150.49%
Return on Invested Capital
15%
3Y-100.0%
5Y+659948.0%
10Y+659948.0%
BZAI

Blaize Holdings, Inc. Cash Conversion Engine

BZAI · NASDAQ
Net Income-206.90M
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital-14.14M
Others139.64M
Capital Expenditures-788.00K
Free Cash Flow-82.20M

Cash Flow Quality Analysis

FCF Conversion Rate

39.7%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

CapEx Intensity

-1.0%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-51.0%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$14.14M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

bzai

Blaize Holdings, Inc. Funding & Solvency Profile

BZAI · NASDAQ
Cash & Cash Equivalents33.22M
Net Receivables16.73M
Inventory9.01M
Other Current Assets3.38M
Total Current Assets65 M
Property, Plant & Equipment2.69M
Goodwill & Intangible Assets0.00
Long-Term Investments264.00K
Other Non-Current Assets467.00K
Total Non-Current Assets3 M
Total Assets
70.75M

Financial Health Analysis

Current Ratio

2.46x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

1.78x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

39 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

92% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

bzai

Blaize Holdings, Inc. Street Expectations Map

BZAI · NASDAQ

Wall Street analysts project that BZAI stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 4.50, with estimates ranging from a low of 4.50 to a high of 4.50.

Lowest Target
4.50
151.40%
Consensus Target
4.50
151.40%
Highest Target
4.50
151.40%

The consensus 1-year price target stands at 4.50, with estimates ranging from a low of 4.50 to a high of 4.50.

Analyst Consensus Analysis

Upside Potential

+151.4%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

bzai

Blaize Holdings, Inc. Insider Positioning

BZAI · NASDAQ

During the last 12 months, insiders have purchased $714K and sold $668K worth of BZAI shares, resulting in $46K of net buying activity.

3 Months

Bought

0

0.00

Sold

314.1K

668.49K

Net Activity

-668K

-$668K

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

200.0K

714.00K

Sold

0

0.00

Net Activity

+714K

+$714K

Top Buyers

1
SH

Sehmi Harminder

Officer: Chief Financial Officer

200.0K shares1 transactions

$714K

Top Sellers

1
SH

Sehmi Harminder

Officer: Chief Financial Officer

164.1K shares2 transactions

$361K

2
CA

Cannestra Anthony

Director

100.0K shares2 transactions

$180K

3
MD

Munagala Dinakar

Director, Officer: Chief Executive Officer

50.0K shares1 transactions

$127K

Insider Activity Analysis

Net Insider Sentiment

Bullish

Moderately bullish with $46K net buying. Insiders show cautious optimism through measured share purchases.

Buy/Sell Ratio

1.07:1

Positive buy/sell ratio. Buying exceeds or matches selling, indicating net positive insider sentiment.

Recent Trend (3 Months)

$668K

Heavy recent selling activity. Recent insider sales notably exceed purchases—may warrant investigation into company developments.

Insider Participation

High Selling

3 insider sellers vs. 1 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Balanced insider activity: Roughly equal buying and selling suggests normal portfolio management rather than strong directional signals. Look to other metrics for clearer investment insights.

No Dividend Yield Data

BZAI has not reported any dividend yield values in the available annual periods.

 

bzai Dividend History

BZAI
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%