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

Clipper Realty Inc. is the larger business by last-quarter revenue ($37.1M vs $23.8M, roughly 1.6× Blaize Holdings, Inc.). Blaize Holdings, Inc. runs the higher net margin — -13.9% vs -30.4%, a 16.5% gap on every dollar of revenue. On growth, Blaize Holdings, Inc. posted the faster year-over-year revenue change (2377500.0% vs -2.6%).

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.

Clipper Equity LLC is a partnership led by David Bistricer and Sam Levinson. The firm owns more than 60 buildings, with thousands of residential units, in New York and New Jersey. The partnership are known for their attempted purchase of the Starrett City housing complex in Brooklyn, New York, for $1.3 billion on February 8, 2007, in one of the largest real estate transactions in history. New York's Mayor Michael Bloomberg expressed concerns over the new landlord's history of building violati...

BZAI vs CLPR — Head-to-Head

Bigger by revenue
CLPR
CLPR
1.6× larger
CLPR
$37.1M
$23.8M
BZAI
Growing faster (revenue YoY)
BZAI
BZAI
+2377502.6% gap
BZAI
2377500.0%
-2.6%
CLPR
Higher net margin
BZAI
BZAI
16.5% more per $
BZAI
-13.9%
-30.4%
CLPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BZAI
BZAI
CLPR
CLPR
Revenue
$23.8M
$37.1M
Net Profit
$-3.3M
$-11.3M
Gross Margin
10.8%
-5.2%
Operating Margin
-89.8%
21.8%
Net Margin
-13.9%
-30.4%
Revenue YoY
2377500.0%
-2.6%
Net Profit YoY
50.7%
-938.6%
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.

Revenue
BZAI
BZAI
CLPR
CLPR
Q4 25
$23.8M
$37.1M
Q3 25
$11.9M
$37.7M
Q2 25
$39.0M
Q1 25
$39.4M
Q4 24
$38.0M
Q3 24
$37.6M
Q2 24
$37.3M
Q1 24
$35.8M
Net Profit
BZAI
BZAI
CLPR
CLPR
Q4 25
$-3.3M
$-11.3M
Q3 25
$-26.3M
$-4.6M
Q2 25
$-1.4M
Q1 25
$-35.1M
Q4 24
$-1.1M
Q3 24
$-1.1M
Q2 24
$-1.7M
Q1 24
$-2.7M
Gross Margin
BZAI
BZAI
CLPR
CLPR
Q4 25
10.8%
-5.2%
Q3 25
15.0%
23.6%
Q2 25
27.8%
Q1 25
-34.5%
Q4 24
28.8%
Q3 24
28.6%
Q2 24
26.8%
Q1 24
25.4%
Operating Margin
BZAI
BZAI
CLPR
CLPR
Q4 25
-89.8%
21.8%
Q3 25
-190.3%
23.6%
Q2 25
27.7%
Q1 25
-59.9%
Q4 24
28.1%
Q3 24
28.6%
Q2 24
26.8%
Q1 24
25.4%
Net Margin
BZAI
BZAI
CLPR
CLPR
Q4 25
-13.9%
-30.4%
Q3 25
-221.3%
-12.2%
Q2 25
-3.5%
Q1 25
-89.1%
Q4 24
-2.9%
Q3 24
-2.9%
Q2 24
-4.7%
Q1 24
-7.5%
EPS (diluted)
BZAI
BZAI
CLPR
CLPR
Q4 25
$0.16
Q3 25
$-0.25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
BZAI
BZAI
CLPR
CLPR
Cash + ST InvestmentsLiquidity on hand
$45.8M
$30.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$39.0M
$-30.7M
Total Assets
$102.2M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BZAI
BZAI
CLPR
CLPR
Q4 25
$45.8M
$30.8M
Q3 25
$24.0M
$26.1M
Q2 25
$32.0M
Q1 25
$21.3M
Q4 24
$19.9M
Q3 24
$18.6M
Q2 24
$20.3M
Q1 24
$21.9M
Total Debt
BZAI
BZAI
CLPR
CLPR
Q4 25
Q3 25
Q2 25
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.2B
Q1 24
$1.2B
Stockholders' Equity
BZAI
BZAI
CLPR
CLPR
Q4 25
$39.0M
$-30.7M
Q3 25
$1.3M
$-25.0M
Q2 25
$-21.9M
Q1 25
$-20.1M
Q4 24
$-5.4M
Q3 24
$-3.6M
Q2 24
$-1.8M
Q1 24
$279.0K
Total Assets
BZAI
BZAI
CLPR
CLPR
Q4 25
$102.2M
$1.2B
Q3 25
$60.9M
$1.2B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
Q1 24
$1.3B
Debt / Equity
BZAI
BZAI
CLPR
CLPR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
4396.73×

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
CLPR
CLPR
Operating Cash FlowLast quarter
$-16.5M
$22.6M
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
CLPR
CLPR
Q4 25
$-16.5M
$22.6M
Q3 25
$-24.9M
$1.4M
Q2 25
$8.4M
Q1 25
$6.7M
Q4 24
$31.9M
Q3 24
$6.3M
Q2 24
$8.8M
Q1 24
$6.3M
Free Cash Flow
BZAI
BZAI
CLPR
CLPR
Q4 25
$-16.5M
Q3 25
$-24.9M
Q2 25
Q1 25
$-4.6M
Q4 24
$-37.9M
Q3 24
Q2 24
Q1 24
$-14.7M
FCF Margin
BZAI
BZAI
CLPR
CLPR
Q4 25
-69.6%
Q3 25
-210.2%
Q2 25
Q1 25
-11.7%
Q4 24
-99.5%
Q3 24
Q2 24
Q1 24
-41.1%
Capex Intensity
BZAI
BZAI
CLPR
CLPR
Q4 25
0.3%
Q3 25
0.2%
Q2 25
Q1 25
28.6%
Q4 24
183.3%
Q3 24
Q2 24
Q1 24
58.6%

Financial Flow Comparison

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

Revenue Breakdown by Segment

BZAI
BZAI

Segment breakdown not available.

CLPR
CLPR

Residential Segment$30.8M83%
Commercial Real Estate$6.2M17%

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