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Side-by-side financial comparison of Blaize Holdings, Inc. (BZAI) and Commercial Bancgroup, Inc. (CBK). Click either name above to swap in a different company.

Blaize Holdings, Inc. is the larger business by last-quarter revenue ($23.8M vs $23.1M, roughly 1.0× Commercial Bancgroup, Inc.). Commercial Bancgroup, Inc. runs the higher net margin — 41.3% vs -13.9%, a 55.2% gap on every dollar of revenue.

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.

Commercial Bancgroup, Inc. operates as a U.S. regional bank holding company that provides a full suite of retail and commercial banking products and services to individual consumers, small and medium-sized businesses, and local institutional clients. Its core offerings include deposit accounts, lending solutions, wealth management, and tailored financial advisory services for regional markets.

BZAI vs CBK — Head-to-Head

Bigger by revenue
BZAI
BZAI
1.0× larger
BZAI
$23.8M
$23.1M
CBK
Higher net margin
CBK
CBK
55.2% more per $
CBK
41.3%
-13.9%
BZAI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BZAI
BZAI
CBK
CBK
Revenue
$23.8M
$23.1M
Net Profit
$-3.3M
$9.5M
Gross Margin
10.8%
Operating Margin
-89.8%
Net Margin
-13.9%
41.3%
Revenue YoY
2377500.0%
Net Profit YoY
50.7%
9.7%
EPS (diluted)
$0.16
$0.69

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.

Revenue
BZAI
BZAI
CBK
CBK
Q1 26
$23.1M
Q4 25
$23.8M
$23.5M
Q3 25
$11.9M
$22.8M
Net Profit
BZAI
BZAI
CBK
CBK
Q1 26
$9.5M
Q4 25
$-3.3M
$9.9M
Q3 25
$-26.3M
$9.5M
Gross Margin
BZAI
BZAI
CBK
CBK
Q1 26
Q4 25
10.8%
Q3 25
15.0%
Operating Margin
BZAI
BZAI
CBK
CBK
Q1 26
Q4 25
-89.8%
Q3 25
-190.3%
53.8%
Net Margin
BZAI
BZAI
CBK
CBK
Q1 26
41.3%
Q4 25
-13.9%
42.2%
Q3 25
-221.3%
41.4%
EPS (diluted)
BZAI
BZAI
CBK
CBK
Q1 26
$0.69
Q4 25
$0.16
$0.72
Q3 25
$-0.25
$0.77

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BZAI
BZAI
CBK
CBK
Cash + ST InvestmentsLiquidity on hand
$45.8M
Total DebtLower is stronger
$118.2M
Stockholders' EquityBook value
$39.0M
Total Assets
$102.2M
$2.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BZAI
BZAI
CBK
CBK
Q1 26
Q4 25
$45.8M
Q3 25
$24.0M
$154.8M
Total Debt
BZAI
BZAI
CBK
CBK
Q1 26
$118.2M
Q4 25
$166.8M
Q3 25
$100.1M
Stockholders' Equity
BZAI
BZAI
CBK
CBK
Q1 26
Q4 25
$39.0M
Q3 25
$1.3M
$245.2M
Total Assets
BZAI
BZAI
CBK
CBK
Q1 26
$2.3B
Q4 25
$102.2M
$2.3B
Q3 25
$60.9M
$2.2B
Debt / Equity
BZAI
BZAI
CBK
CBK
Q1 26
Q4 25
Q3 25
0.41×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BZAI
BZAI
CBK
CBK
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.

Operating Cash Flow
BZAI
BZAI
CBK
CBK
Q1 26
Q4 25
$-16.5M
Q3 25
$-24.9M
$28.0M
Free Cash Flow
BZAI
BZAI
CBK
CBK
Q1 26
Q4 25
$-16.5M
Q3 25
$-24.9M
$26.5M
FCF Margin
BZAI
BZAI
CBK
CBK
Q1 26
Q4 25
-69.6%
Q3 25
-210.2%
115.8%
Capex Intensity
BZAI
BZAI
CBK
CBK
Q1 26
Q4 25
0.3%
Q3 25
0.2%
6.7%
Cash Conversion
BZAI
BZAI
CBK
CBK
Q1 26
Q4 25
Q3 25
2.96×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BZAI
BZAI

Segment breakdown not available.

CBK
CBK

Net Interest Income$20.5M89%
Noninterest Income$2.6M11%

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