vs
Side-by-side financial comparison of Blaize Holdings, Inc. (BZAI) and Lion Group Holding Ltd (LGHL). Click either name above to swap in a different company.
Blaize Holdings, Inc. is the larger business by last-quarter revenue ($23.8M vs $13.3M, roughly 1.8× Lion Group Holding Ltd). Lion Group Holding Ltd runs the higher net margin — -0.4% vs -13.9%, a 13.5% gap on every dollar of revenue.
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.
LION is a Canadian electric vehicle manufacturer headquartered in Saint-Jérôme, Quebec. Founded in 2011 as Lion Bus, the company is primarily known for its production of yellow school buses, of which it was the first to mass produce as a fully electric vehicle.
BZAI vs LGHL — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2024
| Metric | | |
|---|---|---|
| Revenue | $23.8M | $13.3M |
| Net Profit | $-3.3M | $-53.7K |
| Gross Margin | 10.8% | — |
| Operating Margin | -89.8% | — |
| Net Margin | -13.9% | -0.4% |
| Revenue YoY | 2377500.0% | — |
| Net Profit YoY | 50.7% | — |
| EPS (diluted) | $0.16 | — |
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 | — | ||
| Q2 24 | — | $13.3M | ||
| Q2 22 | — | $3.6M |
| Q4 25 | $-3.3M | — | ||
| Q3 25 | $-26.3M | — | ||
| Q2 24 | — | $-53.7K | ||
| Q2 22 | — | $-20.3M |
| Q4 25 | 10.8% | — | ||
| Q3 25 | 15.0% | — | ||
| Q2 24 | — | — | ||
| Q2 22 | — | — |
| Q4 25 | -89.8% | — | ||
| Q3 25 | -190.3% | — | ||
| Q2 24 | — | — | ||
| Q2 22 | — | -624.5% |
| Q4 25 | -13.9% | — | ||
| Q3 25 | -221.3% | — | ||
| Q2 24 | — | -0.4% | ||
| Q2 22 | — | -565.4% |
| Q4 25 | $0.16 | — | ||
| Q3 25 | $-0.25 | — | ||
| Q2 24 | — | — | ||
| Q2 22 | — | $-0.52 |
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 | $29.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $39.0M | $28.4M |
| Total Assets | $102.2M | $74.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.8M | — | ||
| Q3 25 | $24.0M | — | ||
| Q2 24 | — | $29.0M | ||
| Q2 22 | — | $11.9M |
| Q4 25 | $39.0M | — | ||
| Q3 25 | $1.3M | — | ||
| Q2 24 | — | $28.4M | ||
| Q2 22 | — | $36.5M |
| Q4 25 | $102.2M | — | ||
| Q3 25 | $60.9M | — | ||
| Q2 24 | — | $74.5M | ||
| Q2 22 | — | $103.2M |
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 | — |
| 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 | — | ||
| Q3 25 | $-24.9M | — | ||
| Q2 24 | — | — | ||
| Q2 22 | — | $-904.8K |
| Q4 25 | $-16.5M | — | ||
| Q3 25 | $-24.9M | — | ||
| Q2 24 | — | — | ||
| Q2 22 | — | — |
| Q4 25 | -69.6% | — | ||
| Q3 25 | -210.2% | — | ||
| Q2 24 | — | — | ||
| Q2 22 | — | — |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 24 | — | — | ||
| Q2 22 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BZAI
Segment breakdown not available.
LGHL
| Trading gains | $7.8M | 59% |
| Other | $2.4M | 18% |
| Securities brokerage commissions and fees | $1.7M | 13% |
| Market making commissions and fees | $1.0M | 8% |
| Other income | $380.2K | 3% |
