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Side-by-side financial comparison of Blaize Holdings, Inc. (BZAI) and Canterbury Park Holding Corp (CPHC). Click either name above to swap in a different company.

Blaize Holdings, Inc. is the larger business by last-quarter revenue ($23.8M vs $12.4M, roughly 1.9× Canterbury Park Holding Corp). Canterbury Park Holding Corp runs the higher net margin — -3.1% vs -13.9%, a 10.7% gap on every dollar of revenue. On growth, Blaize Holdings, Inc. posted the faster year-over-year revenue change (2377500.0% vs 3.9%). Canterbury Park Holding Corp produced more free cash flow last quarter ($-611.3K vs $-16.5M).

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.

Canterbury Park, is a horse racing track in Shakopee, Minnesota, United States. Canterbury Park Holding Corporation hosts parimutuel wagering on live thoroughbred and quarter horse racing at its facilities in Shakopee and parimutuel wagering on races held at out-of-state racetracks that are simulcast to the racetrack. In addition, the Canterbury Park Card Casino operates 24 hours a day, seven days a week, and is also regulated by the Minnesota Racing Commission. Casino games include blackjack...

BZAI vs CPHC — Head-to-Head

Bigger by revenue
BZAI
BZAI
1.9× larger
BZAI
$23.8M
$12.4M
CPHC
Growing faster (revenue YoY)
BZAI
BZAI
+2377496.1% gap
BZAI
2377500.0%
3.9%
CPHC
Higher net margin
CPHC
CPHC
10.7% more per $
CPHC
-3.1%
-13.9%
BZAI
More free cash flow
CPHC
CPHC
$15.9M more FCF
CPHC
$-611.3K
$-16.5M
BZAI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BZAI
BZAI
CPHC
CPHC
Revenue
$23.8M
$12.4M
Net Profit
$-3.3M
$-390.1K
Gross Margin
10.8%
Operating Margin
-89.8%
2.6%
Net Margin
-13.9%
-3.1%
Revenue YoY
2377500.0%
3.9%
Net Profit YoY
50.7%
68.7%
EPS (diluted)
$0.16
$-0.08

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
CPHC
CPHC
Q4 25
$23.8M
$12.4M
Q3 25
$11.9M
$18.3M
Q2 25
$15.7M
Q1 25
$13.1M
Q4 24
$12.0M
Q3 24
$19.3M
Q2 24
$16.2M
Q1 24
$14.1M
Net Profit
BZAI
BZAI
CPHC
CPHC
Q4 25
$-3.3M
$-390.1K
Q3 25
$-26.3M
$487.3K
Q2 25
$-327.4K
Q1 25
$-299.2K
Q4 24
$-1.2M
Q3 24
$2.0M
Q2 24
$338.3K
Q1 24
$998.2K
Gross Margin
BZAI
BZAI
CPHC
CPHC
Q4 25
10.8%
Q3 25
15.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
BZAI
BZAI
CPHC
CPHC
Q4 25
-89.8%
2.6%
Q3 25
-190.3%
5.7%
Q2 25
2.8%
Q1 25
4.9%
Q4 24
-0.8%
Q3 24
18.9%
Q2 24
6.9%
Q1 24
12.5%
Net Margin
BZAI
BZAI
CPHC
CPHC
Q4 25
-13.9%
-3.1%
Q3 25
-221.3%
2.7%
Q2 25
-2.1%
Q1 25
-2.3%
Q4 24
-10.4%
Q3 24
10.5%
Q2 24
2.1%
Q1 24
7.1%
EPS (diluted)
BZAI
BZAI
CPHC
CPHC
Q4 25
$0.16
$-0.08
Q3 25
$-0.25
$0.10
Q2 25
$-0.06
Q1 25
$-0.06
Q4 24
$-0.25
Q3 24
$0.40
Q2 24
$0.07
Q1 24
$0.20

Balance Sheet & Financial Strength

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

Metric
BZAI
BZAI
CPHC
CPHC
Cash + ST InvestmentsLiquidity on hand
$45.8M
$17.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$39.0M
$83.9M
Total Assets
$102.2M
$112.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BZAI
BZAI
CPHC
CPHC
Q4 25
$45.8M
$17.1M
Q3 25
$24.0M
$16.7M
Q2 25
$16.9M
Q1 25
$15.4M
Q4 24
$15.1M
Q3 24
$21.7M
Q2 24
$23.8M
Q1 24
$25.2M
Stockholders' Equity
BZAI
BZAI
CPHC
CPHC
Q4 25
$39.0M
$83.9M
Q3 25
$1.3M
$84.1M
Q2 25
$83.6M
Q1 25
$83.7M
Q4 24
$84.1M
Q3 24
$85.2M
Q2 24
$83.2M
Q1 24
$82.7M
Total Assets
BZAI
BZAI
CPHC
CPHC
Q4 25
$102.2M
$112.6M
Q3 25
$60.9M
$114.4M
Q2 25
$114.9M
Q1 25
$112.4M
Q4 24
$109.9M
Q3 24
$114.2M
Q2 24
$111.4M
Q1 24
$105.6M

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
CPHC
CPHC
Operating Cash FlowLast quarter
$-16.5M
$-103.4K
Free Cash FlowOCF − Capex
$-16.5M
$-611.3K
FCF MarginFCF / Revenue
-69.6%
-4.9%
Capex IntensityCapex / Revenue
0.3%
4.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$4.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BZAI
BZAI
CPHC
CPHC
Q4 25
$-16.5M
$-103.4K
Q3 25
$-24.9M
$1.2M
Q2 25
$4.4M
Q1 25
$3.4M
Q4 24
$-2.8M
Q3 24
$2.3M
Q2 24
$5.4M
Q1 24
$1.6M
Free Cash Flow
BZAI
BZAI
CPHC
CPHC
Q4 25
$-16.5M
$-611.3K
Q3 25
$-24.9M
$-395.3K
Q2 25
$3.2M
Q1 25
$2.5M
Q4 24
$-6.7M
Q3 24
$-25
Q2 24
$1.8M
Q1 24
$-601.0K
FCF Margin
BZAI
BZAI
CPHC
CPHC
Q4 25
-69.6%
-4.9%
Q3 25
-210.2%
-2.2%
Q2 25
20.5%
Q1 25
19.1%
Q4 24
-55.9%
Q3 24
-0.0%
Q2 24
11.1%
Q1 24
-4.3%
Capex Intensity
BZAI
BZAI
CPHC
CPHC
Q4 25
0.3%
4.1%
Q3 25
0.2%
9.0%
Q2 25
7.5%
Q1 25
6.5%
Q4 24
32.6%
Q3 24
11.8%
Q2 24
22.2%
Q1 24
15.7%
Cash Conversion
BZAI
BZAI
CPHC
CPHC
Q4 25
Q3 25
2.56×
Q2 25
Q1 25
Q4 24
Q3 24
1.12×
Q2 24
15.95×
Q1 24
1.62×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BZAI
BZAI

Segment breakdown not available.

CPHC
CPHC

Casino$9.5M76%
Other$1.9M15%
Food And Beverage$1.0M8%

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