vs
Side-by-side financial comparison of Blaize Holdings, Inc. (BZAI) and KAMADA LTD (KMDA). Click either name above to swap in a different company.
KAMADA LTD is the larger business by last-quarter revenue ($47.0M vs $23.8M, roughly 2.0× Blaize Holdings, Inc.). KAMADA LTD runs the higher net margin — 11.3% vs -13.9%, a 25.1% gap on every dollar of revenue. On growth, Blaize Holdings, Inc. posted the faster year-over-year revenue change (2377500.0% vs 12.6%).
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.
Kamada Ltd. is a global biopharmaceutical company specializing in the research, manufacturing, and commercialization of specialty pharmaceuticals derived from human plasma.
BZAI vs KMDA — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.8M | $47.0M |
| Net Profit | $-3.3M | $5.3M |
| Gross Margin | 10.8% | 42.0% |
| Operating Margin | -89.8% | 16.6% |
| Net Margin | -13.9% | 11.3% |
| Revenue YoY | 2377500.0% | 12.6% |
| Net Profit YoY | 50.7% | 37.1% |
| EPS (diluted) | $0.16 | $0.09 |
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 | — | ||
| Q3 25 | $11.9M | $47.0M | ||
| Q2 25 | — | $44.8M | ||
| Q1 25 | — | $44.0M | ||
| Q3 24 | — | $41.7M | ||
| Q2 24 | — | $42.5M | ||
| Q1 24 | — | $37.7M | ||
| Q3 23 | — | $37.9M |
| Q4 25 | $-3.3M | — | ||
| Q3 25 | $-26.3M | $5.3M | ||
| Q2 25 | — | $7.4M | ||
| Q1 25 | — | $4.0M | ||
| Q3 24 | — | $3.9M | ||
| Q2 24 | — | $4.4M | ||
| Q1 24 | — | $2.4M | ||
| Q3 23 | — | $3.2M |
| Q4 25 | 10.8% | — | ||
| Q3 25 | 15.0% | 42.0% | ||
| Q2 25 | — | 42.3% | ||
| Q1 25 | — | 47.1% | ||
| Q3 24 | — | 41.3% | ||
| Q2 24 | — | 44.6% | ||
| Q1 24 | — | 44.4% | ||
| Q3 23 | — | 39.0% |
| Q4 25 | -89.8% | — | ||
| Q3 25 | -190.3% | 16.6% | ||
| Q2 25 | — | 15.8% | ||
| Q1 25 | — | 17.7% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 13.3% | ||
| Q1 24 | — | 10.7% | ||
| Q3 23 | — | 11.5% |
| Q4 25 | -13.9% | — | ||
| Q3 25 | -221.3% | 11.3% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 9.0% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 10.4% | ||
| Q1 24 | — | 6.3% | ||
| Q3 23 | — | 8.5% |
| Q4 25 | $0.16 | — | ||
| Q3 25 | $-0.25 | $0.09 | ||
| Q2 25 | — | $0.13 | ||
| Q1 25 | — | $0.07 | ||
| Q3 24 | — | $0.07 | ||
| Q2 24 | — | $0.08 | ||
| Q1 24 | — | $0.04 | ||
| Q3 23 | — | $0.06 |
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 | $72.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $39.0M | $265.2M |
| Total Assets | $102.2M | $377.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.8M | — | ||
| Q3 25 | $24.0M | $72.0M | ||
| Q2 25 | — | $66.0M | ||
| Q1 25 | — | $76.3M | ||
| Q3 24 | — | $72.0M | ||
| Q2 24 | — | $56.5M | ||
| Q1 24 | — | $48.2M | ||
| Q3 23 | — | $52.6M |
| Q4 25 | $39.0M | — | ||
| Q3 25 | $1.3M | $265.2M | ||
| Q2 25 | — | $260.0M | ||
| Q1 25 | — | $252.0M | ||
| Q3 24 | — | $255.3M | ||
| Q2 24 | — | $251.2M | ||
| Q1 24 | — | $251.2M | ||
| Q3 23 | — | $238.4M |
| Q4 25 | $102.2M | — | ||
| Q3 25 | $60.9M | $377.2M | ||
| Q2 25 | — | $368.2M | ||
| Q1 25 | — | $375.1M | ||
| Q3 24 | — | $351.2M | ||
| Q2 24 | — | $351.0M | ||
| Q1 24 | — | $343.2M | ||
| Q3 23 | — | $337.1M |
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 | $10.4M |
| Free Cash FlowOCF − Capex | $-16.5M | — |
| FCF MarginFCF / Revenue | -69.6% | — |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | — | 1.97× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.5M | — | ||
| Q3 25 | $-24.9M | $10.4M | ||
| Q2 25 | — | $8.0M | ||
| Q1 25 | — | $-513.0K | ||
| Q3 24 | — | $22.2M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $1.0M | ||
| Q3 23 | — | $921.0K |
| Q4 25 | $-16.5M | — | ||
| Q3 25 | $-24.9M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
| Q4 25 | -69.6% | — | ||
| Q3 25 | -210.2% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.97× | ||
| Q2 25 | — | 1.09× | ||
| Q1 25 | — | -0.13× | ||
| Q3 24 | — | 5.75× | ||
| Q2 24 | — | 3.15× | ||
| Q1 24 | — | 0.43× | ||
| Q3 23 | — | 0.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
