Stocks · Technology · Semiconductors
Blaize Holdings Inc. BZAI
$0.48 +3.36% Close, Oct 2, 2026 · NASDAQ · Market cap $68.3M
Weak trendExpensive vs sectorHigh risk
Next earnings report: Nov 12, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Revenue over the last four quarters was $50.4M, up 1235.6% from a year earlier, slowing from 1906.1% a quarter earlier.
- Operating margin widened to -194.4% from -2018.1% a year earlier.
- The diluted share count rose 28.9% in a year.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 1%
- Revenue growth accelerationBottom 1%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 1%
- Gross marginBottom 8%
- Operating marginBottom 7%
- Accruals (lower is better)Bottom 10%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 3%
- Free-cash-flow yieldBottom 1%
- EBITDA / enterprise valueBottom 1%
- Sales / enterprise valueTop 6%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 1%
- 6-month returnBottom 1%
- 1-year return vs S&P 500Bottom 1%
- Distance from 52-week highBottom 1%
- Trend checklist (0–4)Bottom 10%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 17%
- Consecutive EPS beatsBottom 12%
- Share of analysts rating BuyTop 47%
- Upside to consensus price targetTop 2%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 1%
- Maximum drawdown, 3 yearsBottom 2%
- Beta vs S&P 500 (lower is better)Top 14%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 1906.1% | 1235.6% | ↓ |
| Gross margin | 40.5% | 11.7% | ↓ |
| Operating margin | -2018.1% | -194.4% | ↑ |
| FCF margin | -1859.9% | -165.6% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 1235.6% | 1906.1% | ↓ | Top 1% |
| Gross margin | 11.7% | 40.5% | ↓ | Bottom 8% |
| Operating margin | -194.4% | -2018.1% | ↑ | Bottom 7% |
| Net margin | -160.9% | -5559.5% | ↑ | — |
| Free-cash-flow margin | -165.6% | -1859.9% | ↑ | — |
| Return on invested capital | -164.3% | — | Bottom 1% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 2.1%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 18.8%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -895.8 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- Net cash
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- -78.11%
- Shareholder yield
- -78.11%
- Share count change, 1 year
- +28.9%
- Share count change, 3-year CAGR
- +97.7%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 13, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 2 of 7
- Average EPS surprise, last 4
- -17.4%
- Average 2-day reaction, last 8
- +0.8%
- Positive 20 days after report
- 1 of 7
Analysts
- Consensus price target
- $2.50
- Target vs current price
- +420.8%
- Analysts with a rating
- 3
- Share rating Buy or Strong Buy
- 67%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 13, 2026 | -23.5% | +1.7% | -55.7% | -54.7% | — |
| May 14, 2026 | -46.2% | +5.4% | -16.7% | -8.3% | -38.7% |
| Mar 24, 2026 | +78.6% | +0.9% | +43.6% | +94.5% | +32.7% |
| Nov 13, 2025 | -78.6% | -2.7% | -12.3% | -7.7% | -51.7% |
| Aug 14, 2025 | -86.7% | +1.1% | -7.2% | -12.6% | -11.5% |
| May 14, 2025 | -866.7% | -1.8% | -22.3% | -11.0% | +13.1% |
| Mar 27, 2025 | +33.0% | +0.7% | -20.3% | -4.3% | -12.7% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 13, 2026 | -$0.21 | -$0.17 | -23.5% | $12.0M |
| May 14, 2026 | -$0.19 | -$0.13 | -46.2% | $2.7M |
| Mar 24, 2026 | -$0.03 | -$0.14 | +78.6% | $23.8M |
| Nov 13, 2025 | -$0.25 | -$0.14 | -78.6% | $11.9M |
| Aug 14, 2025 | -$0.28 | -$0.15 | -86.7% | $2.0M |
| May 14, 2025 | -$1.45 | -$0.15 | -866.7% | $1.0M |
| Mar 27, 2025 | -$0.44 | -$0.66 | +33.0% | $1,000 |
| Sep 30, 2024 | -$1.47 | — | — | $781,000 |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| EV / Sales | 0.62× | — | — | Top 6% |
| Free-cash-flow yield | -122.13% | — | — | Bottom 1% |
| Earnings yield | -141.31% | — | — | Bottom 3% |
P/E over the past five years
Range 158.7× – 354.6× since Dec 31, 2022. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -29.7%
- 200-day average slope (20 days)
- -11.7%
- Distance from 50-day average
- -25.8%
- Distance from 200-day average
- -64.8%
- RSI (14)
- 39.4
- Relative volume
- 0.57×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 168.9%
- Volatility vs own 5-year history
- 89th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.84
- Correlation with S&P 500
- 0.10
- Current drawdown from 1-year high
- -92.4%
- Maximum drawdown, 3 years
- -97.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jan 2, 2025 | Aug 24, 2026 | -97.0% | 410 days | Not yet recovered |
| Dec 23, 2024 | Dec 30, 2024 | -13.3% | 4 days | 1 days (Dec 31, 2024) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $68.3M
- EPS, diluted (TTM)
- -$0.68
- Revenue (TTM)
- $50.4M
- 52-week range
- $0.42 – $6.76
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $1.6M | $38.6M |
| Gross profit | $0 | $0 | $0 | $89,000 | $5.0M |
| Operating income | -$66,791 | -$1.5M | -$3.4M | -$47.4M | -$91.8M |
| Net income | -$65,892 | $1.7M | $1.3M | -$61.2M | -$206.9M |
| EPS (diluted) | -$0.00 | $0.04 | $0.06 | -$3.50 | -$1.98 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $781,000 | $1,000 | $1.0M | $2.0M | $11.9M | $23.8M | $2.7M | $12.0M |
| Net income | -$25.6M | -$6.7M | -$147.8M | -$29.6M | -$26.3M | -$3.3M | -$22.7M | -$28.8M |
| EPS (diluted) | -$1.47 | -$0.38 | -$1.61 | -$0.28 | -$0.25 | -$0.03 | -$0.19 | -$0.21 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $100,269 | -$40.2M | -$2.3M | -$53.5M | -$81.4M |
| Capital expenditure | $0 | -$493,000 | -$220,000 | -$902,000 | -$788,000 |
| Free cash flow | $100,270 | -$40.7M | -$2.3M | -$54.4M | -$82.2M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $293.3M | $0 | -$227.8M | $0 | $61.5M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $36.8M
- Total assets
- $79.5M
- Total liabilities
- $36.7M
- Total debt
- $0
- Net debt
- -$36.8M
- Shareholders’ equity
- $42.8M
As of Jun 30, 2026 (filed Aug 13, 2026).
Short interest
- Shares sold short
- 17,285,341
- Days to cover
- 7.45
- Change vs previous report
- -23.1%
FINRA short interest, settlement date Sep 15, 2026.