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Side-by-side financial comparison of Blaize Holdings, Inc. (BZAI) and Foxx Development Holdings Inc. (FOXX). Click either name above to swap in a different company.
Blaize Holdings, Inc. is the larger business by last-quarter revenue ($23.8M vs $16.7M, roughly 1.4× Foxx Development Holdings Inc.). Blaize Holdings, Inc. runs the higher net margin — -13.9% vs -25.6%, a 11.8% gap on every dollar of revenue. On growth, Blaize Holdings, Inc. posted the faster year-over-year revenue change (2377500.0% vs -4.4%).
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.
BZAI vs FOXX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $23.8M | $16.7M |
| Net Profit | $-3.3M | $-4.3M |
| Gross Margin | 10.8% | 13.3% |
| Operating Margin | -89.8% | -13.3% |
| Net Margin | -13.9% | -25.6% |
| Revenue YoY | 2377500.0% | -4.4% |
| Net Profit YoY | 50.7% | -400.9% |
| EPS (diluted) | $0.16 | $-0.62 |
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 | $16.7M | ||
| Q3 25 | $11.9M | $20.2M | ||
| Q2 25 | — | $13.9M | ||
| Q1 25 | — | $11.4M | ||
| Q4 24 | — | $17.5M | ||
| Q3 24 | — | $23.1M |
| Q4 25 | $-3.3M | $-4.3M | ||
| Q3 25 | $-26.3M | $-2.9M | ||
| Q2 25 | — | $-4.1M | ||
| Q1 25 | — | $-4.1M | ||
| Q4 24 | — | $1.4M | ||
| Q3 24 | — | $-2.3M |
| Q4 25 | 10.8% | 13.3% | ||
| Q3 25 | 15.0% | 13.6% | ||
| Q2 25 | — | 10.9% | ||
| Q1 25 | — | 5.8% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | — | 1.7% |
| Q4 25 | -89.8% | -13.3% | ||
| Q3 25 | -190.3% | -4.4% | ||
| Q2 25 | — | -15.0% | ||
| Q1 25 | — | -31.3% | ||
| Q4 24 | — | -12.8% | ||
| Q3 24 | — | -7.8% |
| Q4 25 | -13.9% | -25.6% | ||
| Q3 25 | -221.3% | -14.2% | ||
| Q2 25 | — | -29.4% | ||
| Q1 25 | — | -35.9% | ||
| Q4 24 | — | 8.1% | ||
| Q3 24 | — | -9.8% |
| Q4 25 | $0.16 | $-0.62 | ||
| Q3 25 | $-0.25 | $-0.42 | ||
| Q2 25 | — | $-0.44 | ||
| Q1 25 | — | $-0.58 | ||
| Q4 24 | — | $0.20 | ||
| Q3 24 | — | $-0.65 |
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 | $1.8M |
| Total DebtLower is stronger | — | $84.8K |
| Stockholders' EquityBook value | $39.0M | $-11.8M |
| Total Assets | $102.2M | $42.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.8M | $1.8M | ||
| Q3 25 | $24.0M | $1.5M | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | — | $3.8M | ||
| Q4 24 | — | $3.9M | ||
| Q3 24 | — | $9.2M |
| Q4 25 | — | $84.8K | ||
| Q3 25 | — | $90.2K | ||
| Q2 25 | — | $97.2K | ||
| Q1 25 | — | $100.5K | ||
| Q4 24 | — | $105.5K | ||
| Q3 24 | — | $110.3K |
| Q4 25 | $39.0M | $-11.8M | ||
| Q3 25 | $1.3M | $-7.9M | ||
| Q2 25 | — | $-5.4M | ||
| Q1 25 | — | $-1.6M | ||
| Q4 24 | — | $2.2M | ||
| Q3 24 | — | $457.2K |
| Q4 25 | $102.2M | $42.0M | ||
| Q3 25 | $60.9M | $49.8M | ||
| Q2 25 | — | $26.0M | ||
| Q1 25 | — | $32.9M | ||
| Q4 24 | — | $31.9M | ||
| Q3 24 | — | $49.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.05× | ||
| Q3 24 | — | 0.24× |
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 | $284.2K |
| 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.
| Q4 25 | $-16.5M | $284.2K | ||
| Q3 25 | $-24.9M | $-376.8K | ||
| Q2 25 | — | $-1.9M | ||
| Q1 25 | — | $-178.4K | ||
| Q4 24 | — | $-4.2M | ||
| Q3 24 | — | $-243.5K |
| Q4 25 | $-16.5M | — | ||
| Q3 25 | $-24.9M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-4.3M | ||
| Q3 24 | — | $-278.5K |
| Q4 25 | -69.6% | — | ||
| Q3 25 | -210.2% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -24.4% | ||
| Q3 24 | — | -1.2% |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -2.97× | ||
| Q3 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
