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Side-by-side financial comparison of Blaize Holdings, Inc. (BZAI) and FutureFuel Corp. (FF). Click either name above to swap in a different company.
Blaize Holdings, Inc. is the larger business by last-quarter revenue ($23.8M vs $19.8M, roughly 1.2× FutureFuel Corp.). Blaize Holdings, Inc. runs the higher net margin — -13.9% vs -60.5%, a 46.7% gap on every dollar of revenue. On growth, Blaize Holdings, Inc. posted the faster year-over-year revenue change (2377500.0% vs -67.7%). Blaize Holdings, Inc. produced more free cash flow last quarter ($-16.5M vs $-29.9M).
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.
FutureFuel Corporation is a developer and producer of chemicals and biofuels. It is listed on the New York Stock Exchange, with symbol FF.
BZAI vs FF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.8M | $19.8M |
| Net Profit | $-3.3M | $-12.0M |
| Gross Margin | 10.8% | -46.7% |
| Operating Margin | -89.8% | -62.9% |
| Net Margin | -13.9% | -60.5% |
| Revenue YoY | 2377500.0% | -67.7% |
| Net Profit YoY | 50.7% | -529.4% |
| EPS (diluted) | $0.16 | $-0.28 |
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 | $19.8M | ||
| Q3 25 | $11.9M | $22.7M | ||
| Q2 25 | — | $35.7M | ||
| Q1 25 | — | $17.5M | ||
| Q4 24 | — | $61.5M | ||
| Q3 24 | — | $51.1M | ||
| Q2 24 | — | $72.4M | ||
| Q1 24 | — | $58.3M |
| Q4 25 | $-3.3M | $-12.0M | ||
| Q3 25 | $-26.3M | $-9.3M | ||
| Q2 25 | — | $-10.4M | ||
| Q1 25 | — | $-17.6M | ||
| Q4 24 | — | $2.8M | ||
| Q3 24 | — | $-1.2M | ||
| Q2 24 | — | $9.6M | ||
| Q1 24 | — | $4.3M |
| Q4 25 | 10.8% | -46.7% | ||
| Q3 25 | 15.0% | -30.1% | ||
| Q2 25 | — | -24.6% | ||
| Q1 25 | — | -83.0% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 12.0% | ||
| Q1 24 | — | 8.6% |
| Q4 25 | -89.8% | -62.9% | ||
| Q3 25 | -190.3% | -42.9% | ||
| Q2 25 | — | -33.4% | ||
| Q1 25 | — | -107.4% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | -5.6% | ||
| Q2 24 | — | 7.5% | ||
| Q1 24 | — | 3.8% |
| Q4 25 | -13.9% | -60.5% | ||
| Q3 25 | -221.3% | -41.1% | ||
| Q2 25 | — | -29.2% | ||
| Q1 25 | — | -100.6% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | -2.3% | ||
| Q2 24 | — | 13.2% | ||
| Q1 24 | — | 7.4% |
| Q4 25 | $0.16 | $-0.28 | ||
| Q3 25 | $-0.25 | $-0.21 | ||
| Q2 25 | — | $-0.24 | ||
| Q1 25 | — | $-0.40 | ||
| Q4 24 | — | $0.06 | ||
| Q3 24 | — | $-0.03 | ||
| Q2 24 | — | $0.22 | ||
| Q1 24 | — | $0.10 |
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 | $51.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $39.0M | $154.7M |
| Total Assets | $102.2M | $192.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.8M | $51.3M | ||
| Q3 25 | $24.0M | $85.6M | ||
| Q2 25 | — | $95.2M | ||
| Q1 25 | — | $97.1M | ||
| Q4 24 | — | $109.5M | ||
| Q3 24 | — | $133.4M | ||
| Q2 24 | — | $115.1M | ||
| Q1 24 | — | $201.1M |
| Q4 25 | $39.0M | $154.7M | ||
| Q3 25 | $1.3M | $169.1M | ||
| Q2 25 | — | $178.2M | ||
| Q1 25 | — | $188.4M | ||
| Q4 24 | — | $205.8M | ||
| Q3 24 | — | $213.3M | ||
| Q2 24 | — | $214.4M | ||
| Q1 24 | — | $204.8M |
| Q4 25 | $102.2M | $192.2M | ||
| Q3 25 | $60.9M | $203.5M | ||
| Q2 25 | — | $218.2M | ||
| Q1 25 | — | $227.7M | ||
| Q4 24 | — | $247.7M | ||
| Q3 24 | — | $256.5M | ||
| Q2 24 | — | $261.2M | ||
| Q1 24 | — | $365.4M |
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 | $-27.4M |
| Free Cash FlowOCF − Capex | $-16.5M | $-29.9M |
| FCF MarginFCF / Revenue | -69.6% | -150.5% |
| Capex IntensityCapex / Revenue | 0.3% | 12.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-46.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.5M | $-27.4M | ||
| Q3 25 | $-24.9M | $-1.1M | ||
| Q2 25 | — | $5.2M | ||
| Q1 25 | — | $-5.4M | ||
| Q4 24 | — | $-16.6M | ||
| Q3 24 | — | $25.8M | ||
| Q2 24 | — | $27.8M | ||
| Q1 24 | — | $-12.2M |
| Q4 25 | $-16.5M | $-29.9M | ||
| Q3 25 | $-24.9M | $-6.5M | ||
| Q2 25 | — | $-263.0K | ||
| Q1 25 | — | $-9.4M | ||
| Q4 24 | — | $-20.7M | ||
| Q3 24 | — | $20.5M | ||
| Q2 24 | — | $24.8M | ||
| Q1 24 | — | $-14.5M |
| Q4 25 | -69.6% | -150.5% | ||
| Q3 25 | -210.2% | -28.5% | ||
| Q2 25 | — | -0.7% | ||
| Q1 25 | — | -53.6% | ||
| Q4 24 | — | -33.6% | ||
| Q3 24 | — | 40.1% | ||
| Q2 24 | — | 34.3% | ||
| Q1 24 | — | -24.9% |
| Q4 25 | 0.3% | 12.2% | ||
| Q3 25 | 0.2% | 23.5% | ||
| Q2 25 | — | 15.3% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | — | 10.4% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 3.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -5.94× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.90× | ||
| Q1 24 | — | -2.82× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BZAI
Segment breakdown not available.
FF
| Chemicals | $18.0M | 91% |
| Biofuels | $1.8M | 9% |
