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

Cheche Group Inc. is the larger business by last-quarter revenue ($32.8M vs $23.8M, roughly 1.4× Blaize Holdings, Inc.). Cheche Group Inc. runs the higher net margin — 0.5% vs -13.9%, a 14.3% 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.

Cheche Group Inc. is a leading automotive digital service provider headquartered in China. It offers integrated solutions including auto insurance intermediary services, smart auto after-sales support, and connected vehicle technology products, serving individual car owners, auto dealerships, and insurance partners across domestic and select Southeast Asian markets.

BZAI vs CCG — Head-to-Head

Bigger by revenue
CCG
CCG
1.4× larger
CCG
$32.8M
$23.8M
BZAI
Higher net margin
CCG
CCG
14.3% more per $
CCG
0.5%
-13.9%
BZAI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BZAI
BZAI
CCG
CCG
Revenue
$23.8M
$32.8M
Net Profit
$-3.3M
$153.6K
Gross Margin
10.8%
5.7%
Operating Margin
-89.8%
Net Margin
-13.9%
0.5%
Revenue YoY
2377500.0%
Net Profit YoY
50.7%
EPS (diluted)
$0.16
$0.00

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
CCG
CCG
Q1 26
$32.8M
Q4 25
$23.8M
Q3 25
$11.9M
Q2 25
$26.0M
Q4 24
$18.6M
Q2 24
$36.1M
Net Profit
BZAI
BZAI
CCG
CCG
Q1 26
$153.6K
Q4 25
$-3.3M
Q3 25
$-26.3M
Q2 25
$-492.4K
Q4 24
$-196.7K
Q2 24
$-7.6M
Gross Margin
BZAI
BZAI
CCG
CCG
Q1 26
5.7%
Q4 25
10.8%
Q3 25
15.0%
Q2 25
4.9%
Q4 24
5.2%
Q2 24
4.3%
Operating Margin
BZAI
BZAI
CCG
CCG
Q1 26
Q4 25
-89.8%
Q3 25
-190.3%
Q2 25
-2.0%
Q4 24
-0.3%
Q2 24
-4.7%
Net Margin
BZAI
BZAI
CCG
CCG
Q1 26
0.5%
Q4 25
-13.9%
Q3 25
-221.3%
Q2 25
-1.9%
Q4 24
-1.1%
Q2 24
-21.0%
EPS (diluted)
BZAI
BZAI
CCG
CCG
Q1 26
$0.00
Q4 25
$0.16
Q3 25
$-0.25
Q2 25
$-0.01
Q4 24
$-0.00
Q2 24

Balance Sheet & Financial Strength

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

Metric
BZAI
BZAI
CCG
CCG
Cash + ST InvestmentsLiquidity on hand
$45.8M
$20.0M
Total DebtLower is stronger
$193.3K
Stockholders' EquityBook value
$39.0M
Total Assets
$102.2M
$203.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BZAI
BZAI
CCG
CCG
Q1 26
$20.0M
Q4 25
$45.8M
Q3 25
$24.0M
Q2 25
$23.1M
Q4 24
$21.1M
Q2 24
$28.2M
Total Debt
BZAI
BZAI
CCG
CCG
Q1 26
$193.3K
Q4 25
Q3 25
Q2 25
$690.0K
Q4 24
Q2 24
Stockholders' Equity
BZAI
BZAI
CCG
CCG
Q1 26
Q4 25
$39.0M
Q3 25
$1.3M
Q2 25
$47.1M
Q4 24
$49.1M
Q2 24
$48.6M
Total Assets
BZAI
BZAI
CCG
CCG
Q1 26
$203.5M
Q4 25
$102.2M
Q3 25
$60.9M
Q2 25
$177.3M
Q4 24
$177.7M
Q2 24
$139.3M
Debt / Equity
BZAI
BZAI
CCG
CCG
Q1 26
Q4 25
Q3 25
Q2 25
0.01×
Q4 24
Q2 24

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
CCG
CCG
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
CCG
CCG
Q1 26
Q4 25
$-16.5M
Q3 25
$-24.9M
Q2 25
$-44.7M
Q4 24
$-15.8M
Q2 24
$-1.0K
Free Cash Flow
BZAI
BZAI
CCG
CCG
Q1 26
Q4 25
$-16.5M
Q3 25
$-24.9M
Q2 25
Q4 24
$-16.0M
Q2 24
$-1.1K
FCF Margin
BZAI
BZAI
CCG
CCG
Q1 26
Q4 25
-69.6%
Q3 25
-210.2%
Q2 25
Q4 24
-85.9%
Q2 24
-0.0%
Capex Intensity
BZAI
BZAI
CCG
CCG
Q1 26
Q4 25
0.3%
Q3 25
0.2%
Q2 25
Q4 24
1.2%
Q2 24
0.0%

Financial Flow Comparison

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

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