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

Blaize Holdings, Inc. is the larger business by last-quarter revenue ($23.8M vs $13.7M, roughly 1.7× Globavend Holdings Ltd). Globavend Holdings Ltd runs the higher net margin — 3.3% vs -13.9%, a 17.1% gap on every dollar of revenue. On growth, Blaize Holdings, Inc. posted the faster year-over-year revenue change (2377500.0% vs 63.7%). Globavend Holdings Ltd produced more free cash flow last quarter ($-1.2M 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.

Globavend Holdings Ltd is a provider of smart unattended retail solutions, focusing on the design, supply, and operation of intelligent vending machines. It primarily serves markets across Australia, New Zealand, and Southeast Asia, offering end-to-end services including hardware manufacturing, inventory management software, and after-sales support to clients in retail, FMCG, and workplace service segments.

BZAI vs GVH — Head-to-Head

Bigger by revenue
BZAI
BZAI
1.7× larger
BZAI
$23.8M
$13.7M
GVH
Growing faster (revenue YoY)
BZAI
BZAI
+2377436.3% gap
BZAI
2377500.0%
63.7%
GVH
Higher net margin
GVH
GVH
17.1% more per $
GVH
3.3%
-13.9%
BZAI
More free cash flow
GVH
GVH
$15.3M more FCF
GVH
$-1.2M
$-16.5M
BZAI

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
BZAI
BZAI
GVH
GVH
Revenue
$23.8M
$13.7M
Net Profit
$-3.3M
$450.3K
Gross Margin
10.8%
10.5%
Operating Margin
-89.8%
5.8%
Net Margin
-13.9%
3.3%
Revenue YoY
2377500.0%
63.7%
Net Profit YoY
50.7%
-49.9%
EPS (diluted)
$0.16
$6.01

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
GVH
GVH
Q4 25
$23.8M
Q3 25
$11.9M
Q1 25
$13.7M
Q1 24
$8.4M
Net Profit
BZAI
BZAI
GVH
GVH
Q4 25
$-3.3M
Q3 25
$-26.3M
Q1 25
$450.3K
Q1 24
$898.8K
Gross Margin
BZAI
BZAI
GVH
GVH
Q4 25
10.8%
Q3 25
15.0%
Q1 25
10.5%
Q1 24
19.8%
Operating Margin
BZAI
BZAI
GVH
GVH
Q4 25
-89.8%
Q3 25
-190.3%
Q1 25
5.8%
Q1 24
13.8%
Net Margin
BZAI
BZAI
GVH
GVH
Q4 25
-13.9%
Q3 25
-221.3%
Q1 25
3.3%
Q1 24
10.7%
EPS (diluted)
BZAI
BZAI
GVH
GVH
Q4 25
$0.16
Q3 25
$-0.25
Q1 25
$6.01
Q1 24
$12.57

Balance Sheet & Financial Strength

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

Metric
BZAI
BZAI
GVH
GVH
Cash + ST InvestmentsLiquidity on hand
$45.8M
$915.2K
Total DebtLower is stronger
Stockholders' EquityBook value
$39.0M
$5.7M
Total Assets
$102.2M
$6.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BZAI
BZAI
GVH
GVH
Q4 25
$45.8M
Q3 25
$24.0M
Q1 25
$915.2K
Q1 24
$2.5M
Stockholders' Equity
BZAI
BZAI
GVH
GVH
Q4 25
$39.0M
Q3 25
$1.3M
Q1 25
$5.7M
Q1 24
$4.4M
Total Assets
BZAI
BZAI
GVH
GVH
Q4 25
$102.2M
Q3 25
$60.9M
Q1 25
$6.4M
Q1 24
$6.0M

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
GVH
GVH
Operating Cash FlowLast quarter
$-16.5M
$-906.3K
Free Cash FlowOCF − Capex
$-16.5M
$-1.2M
FCF MarginFCF / Revenue
-69.6%
-8.8%
Capex IntensityCapex / Revenue
0.3%
2.2%
Cash ConversionOCF / Net Profit
-2.01×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BZAI
BZAI
GVH
GVH
Q4 25
$-16.5M
Q3 25
$-24.9M
Q1 25
$-906.3K
Q1 24
$-256.6K
Free Cash Flow
BZAI
BZAI
GVH
GVH
Q4 25
$-16.5M
Q3 25
$-24.9M
Q1 25
$-1.2M
Q1 24
$-730.0K
FCF Margin
BZAI
BZAI
GVH
GVH
Q4 25
-69.6%
Q3 25
-210.2%
Q1 25
-8.8%
Q1 24
-8.7%
Capex Intensity
BZAI
BZAI
GVH
GVH
Q4 25
0.3%
Q3 25
0.2%
Q1 25
2.2%
Q1 24
5.6%
Cash Conversion
BZAI
BZAI
GVH
GVH
Q4 25
Q3 25
Q1 25
-2.01×
Q1 24
-0.29×

Financial Flow Comparison

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

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