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TTEN·K/calls

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Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

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← New search
Home›Coverage›BZAIW
On this page
OverviewFinancialsValuationQualitySmart moneyTimelineFilings

BZAIWBlaize Holdings, Inc.

Last earnings +0.0% on 2026-05-14

Sell
$0.29
▲ +10.98%
Rating
Sell
Quality
C-
Valuation
Fair value
Filings
Flagged
How to read this →
SellRevenue grew 2386.0% YoY; but unprofitable (net margin -535.6%).Revenue (FY2025) $38.6MFull call ↓
$0.29▼ -35.50%
over 1Y
L $0.26H $1.41
Our buy Our hold Our sell Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today
+11.0%
1W
-6.4%
1M
+0.0%
3M
-29.2%
YTD
-27.5%
1Y
-35.5%
OverviewFinancialsValuationQualitySmart moneyTimelineFilings
Sell
Conviction
Horizon
Medium (3–12mo)

Revenue grew 2386.0% YoY; but unprofitable (net margin -535.6%).

Revenue (FY2025) $38.6M · FY2025

This call stands until the filings change it — the engine re-rates on new 10-K/10-Q/8-K facts, never on price moves. Hit Watch above to follow BZAIW (Pro alerts fire the moment a rating flips), or catch every change in Saturday’s Flip Side. How to read a call

Blaize Holdings, Inc. shows $38.6M in FY2025 revenue (+2386.0% YoY), a -535.6% net margin, and -530.5% ROE.

Supporting the case: revenue grew 2386.0% YoY.

Is BZAIW a buy? The one-page verdict, explained →

The options angle

model · matches our verdict
Bear put spread~65d expiry
  • Long put 0.5 @ ~0.31 est
  • Short put 0.5 @ ~0.31 est
debit $0max +$0max $0

SELL verdict, defined risk: profits into weakness down to the short strike; max loss is the net debit.

Open in the calculator →
Browse all model plays →

Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.

Financialsannual, by fiscal year

Line itemFY22FY23FY24FY25
Revenue——$1.55M$38.6M
Gross profit——$975K$6.19M
Operating income-$1.52M-$3.38M-$47.6M-$104M
Net income$1.67M$1.34M-$61.2M-$207M
Diluted EPS——-$3.50-$1.98
Net margin——-3937.9%-535.6%

10-year statements — income, cash flow, balance sheet & CSV export →

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value-$39.3M
EV / EBITDA—
EV / Sales-1.0
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-3173.4%
FCF yield-1143.2%

Quality & risk

ROIC (est.)-210.3%
Free cash flow-$74.5M
Total debt—
Net cash$45.8M
Altman Z-Score-11.00 distress
Piotroski F-Score3/8

Capital returns

Buyback yield507.1%
Dividend yield (est.)—
Shareholder yield507.1%
Shares Δ YoY+20.7%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timelineSEC · 8-Ks + reports

Red flag in recent filings — restated periodic report (2026-07-02). Worth a closer look.
  1. 8-K Material agreement2026-07-09
  2. 10-Q/A Restated periodic report2026-07-02
  3. 8-K Earnings results2026-05-14
  4. 10-Q Quarterly report2026-05-14
  5. 8-K Material agreement2026-05-06
  6. 10-K/A Restated periodic report2026-04-30
  7. 8-K Material agreement2026-04-22
  8. 8-K Earnings results2026-04-14
  9. 8-K Earnings results2026-03-24

Recent filings

all on EDGAR ↗
4Period ending 2026-07-122026-07-13open ↗SCHEDULE 13G/AFiling2026-07-10open ↗4Period ending 2026-07-072026-07-09open ↗SCHEDULE 13D/AFiling2026-07-09open ↗8-KPeriod ending 2026-07-072026-07-09open ↗4Period ending 2026-07-062026-07-08open ↗4Period ending 2026-07-012026-07-06open ↗144Filing2026-07-06open ↗10-Q/APeriod ending 2026-03-312026-07-02open ↗144Filing2026-07-01open ↗4/APeriod ending 2026-04-172026-06-10open ↗4Period ending 2026-06-082026-06-10open ↗

Quality score

C-
ValueGrowthProfitHealthMom.
ValueA+
GrowthC
ProfitabilityF
Financial healthC
MomentumF
  • ✓Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✗Return on equity above 15%
  • ✓Liabilities below 2× equity
0.2652-week1.41
Revenue
$38.6M
+2386.0% YoY
Net margin
-535.6%
ROE
-530.5%
P/E
—

SEC fundamentals · FY 2025

'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$38.6M+2386.0%
Net income-$207M-238.1%
Gross profit$6.19M+535.3%
Operating income-$104M-118.0%
Diluted EPS-$1.98+43.4%
Cash & equivalents$45.8M-8.9%
Total assets$102M+30.2%
Total liabilities$63.2M-66.5%
Stockholders' equity$39.0M+135.3%
Gross: 16.0%Op.: -268.8%L/E: 1.62x

Frequently asked

Is Blaize Holdings, Inc. (BZAIW) a buy?
BZAIW currently carries a Sell rating with 2/5 conviction, derived from its latest SEC filings. Revenue grew 2386.0% YoY; but unprofitable (net margin -535.6%).
What is Blaize Holdings, Inc.'s quality score?
BZAIW scores 50.896445574920094/100 (grade C-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

New filings change verdicts

The daily Brief delivers our freshest calls, rating flips and the filings behind them — every morning, free.

Sources: SEC EDGAR (CIK 0001871638, latest 10-Q filed 2026-05-14) · EODHD · as of 7/15/2026, 7:33:38 PM.

›About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice

Rule-based analysis, generated automatically from SEC filing data.

Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 15, 2026, 3:33 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Intraday
NVDA$209.23▼1.22%AAPL$327.82▲4.12%GOOGL$370.03▲2.93%GOOG$368.77▲3.20%MSFT$396.34▲2.96%AMZN$254.96▲3.02%TSM$417.95▼0.58%AVGO$391.94▲0.73%SPCX$134.77▼0.97%META$673.73▲1.92%TSLA$398.30▲0.54%MU$906.76▼7.77%BRK-A$734,704.78▼0.31%BRK-B$490.10▼0.20%LLY$1,146.65▼0.51%JPM$347.08▲1.22%WMT$113.86▲0.14%AMD$527.56▼3.75%ASML$1,790.43▲0.83%V$358.63▲0.73%JNJ$249.64▼1.66%XOM$143.08▼1.39%INTC$101.96▼5.38%MA$537.58▼0.08%AMAT$574.51▼3.56%CSCO$111.65▼4.65%LRCX$329.07▼4.92%ABBV$246.99▲0.90%CAT$903.41▼3.21%BAC$61.49▲1.44%
NVDA$209.23▼1.22%AAPL$327.82▲4.12%GOOGL$370.03▲2.93%GOOG$368.77▲3.20%MSFT$396.34▲2.96%AMZN$254.96▲3.02%TSM$417.95▼0.58%AVGO$391.94▲0.73%SPCX$134.77▼0.97%META$673.73▲1.92%TSLA$398.30▲0.54%MU$906.76▼7.77%BRK-A$734,704.78▼0.31%BRK-B$490.10▼0.20%LLY$1,146.65▼0.51%JPM$347.08▲1.22%WMT$113.86▲0.14%AMD$527.56▼3.75%ASML$1,790.43▲0.83%V$358.63▲0.73%JNJ$249.64▼1.66%XOM$143.08▼1.39%INTC$101.96▼5.38%MA$537.58▼0.08%AMAT$574.51▼3.56%CSCO$111.65▼4.65%LRCX$329.07▼4.92%ABBV$246.99▲0.90%CAT$903.41▼3.21%BAC$61.49▲1.44%
Intraday
NVDA$209.23▼1.22%AAPL$327.82▲4.12%GOOGL$370.03▲2.93%GOOG$368.77▲3.20%MSFT$396.34▲2.96%AMZN$254.96▲3.02%TSM$417.95▼0.58%AVGO$391.94▲0.73%SPCX$134.77▼0.97%META$673.73▲1.92%TSLA$398.30▲0.54%MU$906.76▼7.77%BRK-A$734,704.78▼0.31%BRK-B$490.10▼0.20%LLY$1,146.65▼0.51%JPM$347.08▲1.22%WMT$113.86▲0.14%AMD$527.56▼3.75%ASML$1,790.43▲0.83%V$358.63▲0.73%JNJ$249.64▼1.66%XOM$143.08▼1.39%INTC$101.96▼5.38%MA$537.58▼0.08%AMAT$574.51▼3.56%CSCO$111.65▼4.65%LRCX$329.07▼4.92%ABBV$246.99▲0.90%CAT$903.41▼3.21%BAC$61.49▲1.44%
NVDA$209.23▼1.22%AAPL$327.82▲4.12%GOOGL$370.03▲2.93%GOOG$368.77▲3.20%MSFT$396.34▲2.96%AMZN$254.96▲3.02%TSM$417.95▼0.58%AVGO$391.94▲0.73%SPCX$134.77▼0.97%META$673.73▲1.92%TSLA$398.30▲0.54%MU$906.76▼7.77%BRK-A$734,704.78▼0.31%BRK-B$490.10▼0.20%LLY$1,146.65▼0.51%JPM$347.08▲1.22%WMT$113.86▲0.14%AMD$527.56▼3.75%ASML$1,790.43▲0.83%V$358.63▲0.73%JNJ$249.64▼1.66%XOM$143.08▼1.39%INTC$101.96▼5.38%MA$537.58▼0.08%AMAT$574.51▼3.56%CSCO$111.65▼4.65%LRCX$329.07▼4.92%ABBV$246.99▲0.90%CAT$903.41▼3.21%BAC$61.49▲1.44%
Smart money○○○→

Smart moneyinsiders · Congress · funds

○○○

Disclosed smart-money activity in BZAIW, but no clear buy consensus.

▼
Corporate insiders
0 open-market buys · 5 sales · last 90 days
Form 4
—
Congress
No disclosed trades
STOCK Act · ~45d lag
—
Institutions
1 tracked fund hold · $82.4K
13F · quarterly

Different disclosure clocks — Form 4s file within days, Congress PTRs lag up to ~45 days, and 13F holdings are a quarterly snapshot (up to ~4.5 months old). A disclosed-accumulation view, not live correlation.

Insider activityForm 4 · SEC

all insiders →

Last 90 days: 0 open-market buys · 5 sales

2026-07-12
Patak Stephen Paul
Chief Revenue Officer
Exercise
2.50K
2026-07-12
Patak Stephen Paul
Chief Revenue Officer
Tax
609.00 @ $1.23$749.07
2026-07-07
Bess Lane
Director
Acquired (J)
2.00M
2026-07-06
Cannestra Anthony
Director
Exercise
50.0K @ $0.57$28.5K
2026-07-06
Cannestra Anthony
Director
Sellplan
50.0K @ $1.35$67.5K
2026-07-01
Sehmi Harminder
Chief Financial Officer
Sellplan
40.6K @ $1.37$55.6K
2026-06-08
Cannestra Anthony
Director
Exercise
50.0K @ $0.57$28.5K
2026-06-08
Cannestra Anthony
Director
Sellplan
50.0K @ $1.68$84.0K
2026-06-01
Evans Kimberly Peterson
General Counsel
Exercise
75.0K
2026-06-01
Evans Kimberly Peterson
General Counsel
Tax
27.0K @ $1.76$47.5K
2026-06-01
Sehmi Harminder
Chief Financial Officer
Sellplan
40.6K @ $1.82$73.9K
2026-05-11
Cannestra Anthony
Director
Exercise
50.0K @ $0.57$28.5K

Held by tracked fundsForm 13F · SEC · quarterly

Sculptor Capital223K sh$82.4K

As of each fund’s latest quarterly 13F — a delayed snapshot, not a live position. All tracked funds →

Fails-to-deliver

SEC · settled 2026-06-23
1.72Kshares failed to deliver0.8× median

BZAIW fails-to-deliver history — every published settlement day →

Aggregate CNS settlement fails on the latest published day, vs this name’s trailing median. From SEC fails-to-deliver data (published twice monthly) — a settlement metric, not short interest.

Earnings history

beat/miss · move
2026-05-14—▲ 0.00%8-K ↗
2026-04-14—▼ -7.57%8-K ↗
2026-03-24—▼ -5.83%8-K ↗
2025-11-13—▲ +3.24%8-K ↗
2025-11-12—▼ -15.83%8-K ↗
2025-08-14—▼ -0.02%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
Blaize and Nokia Advance Collaboration with Joint AI Solution Showcase at GITEX AsiaBullish
finance.yahoo.com· 2026-03-31
Blaize Q4 Earnings Call HighlightsBullish
finance.yahoo.com· 2026-03-24
Blaize (BZAI) Expands Global AI Footprint with Saudi Arabia PartnershipBullish
finance.yahoo.com· 2025-09-30
Blaize (BZAI) and TCC Unite to Advance AI Infrastructure in Saudi ArabiaBullish
finance.yahoo.com· 2025-09-19
Rosenblatt Upgrades Blaize (BZAI) to Buy After Big AI Deals in AsiaBullish
finance.yahoo.com· 2025-08-12
Blaize Introduces AI Platform to Power Multi-Modal Intelligence at the EdgeBullish
finance.yahoo.com· 2025-08-07

Vs tracked universe

compare →

1178 tracked peers · median

TENK Score51 vs 67
Revenue growth2386.0% vs 7.6%
Net margin-535.6% vs 10.0%
Return on equity-530.5% vs 12.0%
P/E— vs 26.4