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Side-by-side financial comparison of ASCENTAGE PHARMA GROUP INTERNATIONAL (AAPG) and Blaize Holdings, Inc. (BZAI). Click either name above to swap in a different company.
ASCENTAGE PHARMA GROUP INTERNATIONAL is the larger business by last-quarter revenue ($32.6M vs $23.8M, roughly 1.4× Blaize Holdings, Inc.).
Ascentage Pharma Group International is a global clinical-stage biotechnology company specializing in developing novel targeted therapies for cancers, chronic viral infections, and age-related diseases. It focuses on small molecule drugs targeting apoptosis pathways and other key oncogenic mechanisms, with operations spanning China, the U.S., and other global markets, serving patients with unmet medical needs worldwide.
Blaize Holdings, Inc. is a technology company specializing in edge artificial intelligence computing solutions. It designs energy-efficient AI processors, low-latency inference software stacks, and end-to-end edge AI development tools, serving key segments including autonomous driving, industrial automation, smart cities, and edge healthcare monitoring.
AAPG vs BZAI — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $32.6M | $23.8M |
| Net Profit | $11.4M | $-3.3M |
| Gross Margin | 90.7% | 10.8% |
| Operating Margin | — | -89.8% |
| Net Margin | — | -13.9% |
| Revenue YoY | — | 2377500.0% |
| Net Profit YoY | — | 50.7% |
| EPS (diluted) | — | $0.16 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $23.8M | ||
| Q3 25 | — | $11.9M | ||
| Q2 25 | $32.6M | — |
| Q4 25 | — | $-3.3M | ||
| Q3 25 | — | $-26.3M | ||
| Q2 25 | $11.4M | — |
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | 15.0% | ||
| Q2 25 | 90.7% | — |
| Q4 25 | — | -89.8% | ||
| Q3 25 | — | -190.3% | ||
| Q2 25 | — | — |
| Q4 25 | — | -13.9% | ||
| Q3 25 | — | -221.3% | ||
| Q2 25 | — | — |
| Q4 25 | — | $0.16 | ||
| Q3 25 | — | $-0.25 | ||
| Q2 25 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $45.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $39.0M |
| Total Assets | — | $102.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $45.8M | ||
| Q3 25 | — | $24.0M | ||
| Q2 25 | — | — |
| Q4 25 | — | $39.0M | ||
| Q3 25 | — | $1.3M | ||
| Q2 25 | — | — |
| Q4 25 | — | $102.2M | ||
| Q3 25 | — | $60.9M | ||
| Q2 25 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-16.5M |
| Free Cash FlowOCF − Capex | — | $-16.5M |
| FCF MarginFCF / Revenue | — | -69.6% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-16.5M | ||
| Q3 25 | — | $-24.9M | ||
| Q2 25 | — | — |
| Q4 25 | — | $-16.5M | ||
| Q3 25 | — | $-24.9M | ||
| Q2 25 | — | — |
| Q4 25 | — | -69.6% | ||
| Q3 25 | — | -210.2% | ||
| Q2 25 | — | — |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAPG
| Products | $29.7M | 91% |
| Others | $2.9M | 9% |
BZAI
Segment breakdown not available.
