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Side-by-side financial comparison of Blaize Holdings, Inc. (BZAI) and Finwise Bancorp (FINW). Click either name above to swap in a different company.
Finwise Bancorp is the larger business by last-quarter revenue ($46.9M vs $23.8M, roughly 2.0× Blaize Holdings, Inc.). Finwise Bancorp runs the higher net margin — 8.4% vs -13.9%, a 22.2% gap on every dollar of revenue. On growth, Blaize Holdings, Inc. posted the faster year-over-year revenue change (2377500.0% vs 121.7%). Blaize Holdings, Inc. produced more free cash flow last quarter ($-16.5M vs $-28.6M).
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.
Finwise Bancorp is a U.S.-based financial holding company that operates primarily through its community banking subsidiary. It offers a full suite of retail and commercial financial services, including deposit accounts, personal loans, mortgage products, small business financing, and wealth management solutions, serving local retail consumers and small to medium-sized business clients across its regional operating markets.
BZAI vs FINW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.8M | $46.9M |
| Net Profit | $-3.3M | $3.9M |
| Gross Margin | 10.8% | — |
| Operating Margin | -89.8% | 11.7% |
| Net Margin | -13.9% | 8.4% |
| Revenue YoY | 2377500.0% | 121.7% |
| Net Profit YoY | 50.7% | 40.1% |
| EPS (diluted) | $0.16 | $0.27 |
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 | $46.9M | ||
| Q3 25 | $11.9M | $36.7M | ||
| Q2 25 | — | $25.1M | ||
| Q1 25 | — | $22.1M | ||
| Q4 24 | — | $21.1M | ||
| Q3 24 | — | $20.8M | ||
| Q2 24 | — | $19.8M | ||
| Q1 24 | — | $19.7M |
| Q4 25 | $-3.3M | $3.9M | ||
| Q3 25 | $-26.3M | $4.9M | ||
| Q2 25 | — | $4.1M | ||
| Q1 25 | — | $3.2M | ||
| Q4 24 | — | $2.8M | ||
| Q3 24 | — | $3.5M | ||
| Q2 24 | — | $3.2M | ||
| Q1 24 | — | $3.3M |
| Q4 25 | 10.8% | — | ||
| Q3 25 | 15.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -89.8% | 11.7% | ||
| Q3 25 | -190.3% | 17.5% | ||
| Q2 25 | — | 21.7% | ||
| Q1 25 | — | 20.1% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | — | 22.2% | ||
| Q2 24 | — | 21.1% | ||
| Q1 24 | — | 22.9% |
| Q4 25 | -13.9% | 8.4% | ||
| Q3 25 | -221.3% | 13.3% | ||
| Q2 25 | — | 16.3% | ||
| Q1 25 | — | 14.4% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | 16.6% | ||
| Q2 24 | — | 16.1% | ||
| Q1 24 | — | 16.9% |
| Q4 25 | $0.16 | $0.27 | ||
| Q3 25 | $-0.25 | $0.34 | ||
| Q2 25 | — | $0.29 | ||
| Q1 25 | — | $0.23 | ||
| Q4 24 | — | $0.19 | ||
| Q3 24 | — | $0.25 | ||
| Q2 24 | — | $0.24 | ||
| Q1 24 | — | $0.25 |
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 | $163.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $39.0M | $193.2M |
| Total Assets | $102.2M | $977.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.8M | $163.4M | ||
| Q3 25 | $24.0M | $105.6M | ||
| Q2 25 | — | $90.1M | ||
| Q1 25 | — | $120.3M | ||
| Q4 24 | — | $109.2M | ||
| Q3 24 | — | $85.8M | ||
| Q2 24 | — | $89.0M | ||
| Q1 24 | — | $115.8M |
| Q4 25 | $39.0M | $193.2M | ||
| Q3 25 | $1.3M | $187.8M | ||
| Q2 25 | — | $182.0M | ||
| Q1 25 | — | $177.4M | ||
| Q4 24 | — | $173.7M | ||
| Q3 24 | — | $170.4M | ||
| Q2 24 | — | $165.8M | ||
| Q1 24 | — | $162.5M |
| Q4 25 | $102.2M | $977.1M | ||
| Q3 25 | $60.9M | $899.9M | ||
| Q2 25 | — | $842.5M | ||
| Q1 25 | — | $804.1M | ||
| Q4 24 | — | $746.0M | ||
| Q3 24 | — | $683.0M | ||
| Q2 24 | — | $617.8M | ||
| Q1 24 | — | $610.8M |
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 | $-28.4M |
| Free Cash FlowOCF − Capex | $-16.5M | $-28.6M |
| FCF MarginFCF / Revenue | -69.6% | -61.1% |
| Capex IntensityCapex / Revenue | 0.3% | 0.5% |
| Cash ConversionOCF / Net Profit | — | -7.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-68.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.5M | $-28.4M | ||
| Q3 25 | $-24.9M | $3.5M | ||
| Q2 25 | — | $-18.3M | ||
| Q1 25 | — | $-21.6M | ||
| Q4 24 | — | $-15.0M | ||
| Q3 24 | — | $-9.8M | ||
| Q2 24 | — | $-7.6M | ||
| Q1 24 | — | $1.8M |
| Q4 25 | $-16.5M | $-28.6M | ||
| Q3 25 | $-24.9M | $3.4M | ||
| Q2 25 | — | $-19.8M | ||
| Q1 25 | — | $-23.3M | ||
| Q4 24 | — | $-16.1M | ||
| Q3 24 | — | $-13.4M | ||
| Q2 24 | — | $-7.7M | ||
| Q1 24 | — | $568.0K |
| Q4 25 | -69.6% | -61.1% | ||
| Q3 25 | -210.2% | 9.4% | ||
| Q2 25 | — | -79.0% | ||
| Q1 25 | — | -105.3% | ||
| Q4 24 | — | -76.0% | ||
| Q3 24 | — | -64.3% | ||
| Q2 24 | — | -38.7% | ||
| Q1 24 | — | 2.9% |
| Q4 25 | 0.3% | 0.5% | ||
| Q3 25 | 0.2% | 0.1% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | — | 17.2% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 6.0% |
| Q4 25 | — | -7.26× | ||
| Q3 25 | — | 0.71× | ||
| Q2 25 | — | -4.48× | ||
| Q1 25 | — | -6.78× | ||
| Q4 24 | — | -5.37× | ||
| Q3 24 | — | -2.84× | ||
| Q2 24 | — | -2.39× | ||
| Q1 24 | — | 0.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
