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Side-by-side financial comparison of Blaize Holdings, Inc. (BZAI) and JFB Construction Holdings (JFB). Click either name above to swap in a different company.
Blaize Holdings, Inc. is the larger business by last-quarter revenue ($23.8M vs $16.0M, roughly 1.5× JFB Construction Holdings). JFB Construction Holdings runs the higher net margin — -11.7% vs -13.9%, a 2.1% gap on every dollar of revenue. JFB Construction Holdings produced more free cash flow last quarter ($-9.1M 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.
BZAI vs JFB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.8M | $16.0M |
| Net Profit | $-3.3M | $-1.9M |
| Gross Margin | 10.8% | 4.3% |
| Operating Margin | -89.8% | -12.7% |
| Net Margin | -13.9% | -11.7% |
| Revenue YoY | 2377500.0% | — |
| Net Profit YoY | 50.7% | — |
| EPS (diluted) | $0.16 | $0.06 |
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 | $16.0M | ||
| Q3 25 | $11.9M | $5.0M | ||
| Q2 25 | — | $3.7M | ||
| Q1 25 | — | $5.9M |
| Q4 25 | $-3.3M | $-1.9M | ||
| Q3 25 | $-26.3M | $-1.1M | ||
| Q2 25 | — | $-2.4M | ||
| Q1 25 | — | $30.3K |
| Q4 25 | 10.8% | 4.3% | ||
| Q3 25 | 15.0% | 14.9% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | 24.8% |
| Q4 25 | -89.8% | -12.7% | ||
| Q3 25 | -190.3% | -22.6% | ||
| Q2 25 | — | -67.2% | ||
| Q1 25 | — | -0.5% |
| Q4 25 | -13.9% | -11.7% | ||
| Q3 25 | -221.3% | -21.3% | ||
| Q2 25 | — | -64.3% | ||
| Q1 25 | — | 0.5% |
| Q4 25 | $0.16 | $0.06 | ||
| Q3 25 | $-0.25 | $-0.11 | ||
| Q2 25 | — | $-0.26 | ||
| Q1 25 | — | $0.00 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $39.0M | $37.8M |
| Total Assets | $102.2M | $40.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.8M | — | ||
| Q3 25 | $24.0M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — |
| Q4 25 | $39.0M | $37.8M | ||
| Q3 25 | $1.3M | $11.6M | ||
| Q2 25 | — | $10.1M | ||
| Q1 25 | — | $11.0M |
| Q4 25 | $102.2M | $40.0M | ||
| Q3 25 | $60.9M | $14.0M | ||
| Q2 25 | — | $12.0M | ||
| Q1 25 | — | $13.3M |
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 | $-9.0M |
| Free Cash FlowOCF − Capex | $-16.5M | $-9.1M |
| FCF MarginFCF / Revenue | -69.6% | -57.2% |
| Capex IntensityCapex / Revenue | 0.3% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-12.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.5M | $-9.0M | ||
| Q3 25 | $-24.9M | $-719.0K | ||
| Q2 25 | — | $-2.5M | ||
| Q1 25 | — | $392.8K |
| Q4 25 | $-16.5M | $-9.1M | ||
| Q3 25 | $-24.9M | $-730.9K | ||
| Q2 25 | — | $-2.5M | ||
| Q1 25 | — | $347.0K |
| Q4 25 | -69.6% | -57.2% | ||
| Q3 25 | -210.2% | -14.7% | ||
| Q2 25 | — | -68.0% | ||
| Q1 25 | — | 5.9% |
| Q4 25 | 0.3% | 1.1% | ||
| Q3 25 | 0.2% | 0.2% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 12.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BZAI
Segment breakdown not available.
JFB
| Nonrelated Party | $12.5M | 78% |
| Other | $3.5M | 22% |
