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Side-by-side financial comparison of Blaize Holdings, Inc. (BZAI) and Marti Technologies, Inc. (MRT). Click either name above to swap in a different company.
Blaize Holdings, Inc. is the larger business by last-quarter revenue ($23.8M vs $14.6M, roughly 1.6× Marti Technologies, Inc.). On growth, Blaize Holdings, Inc. posted the faster year-over-year revenue change (2377500.0% vs 63.1%).
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.
The Marti Group is a Swiss construction company, consisting of over 80 subsidiaries, officially owned by Marti Holding AG. Besides Switzerland, they are active in neighboring countries such as Germany and Austria, and also outside of Europe such as China and Chile. The company is known for high-profile public and private sector projects and using innovative technologies. Their areas of expertise include building construction, construction and renovation of tunnels, road construction, hydrauli...
BZAI vs MRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.8M | $14.6M |
| Net Profit | $-3.3M | — |
| Gross Margin | 10.8% | 49.4% |
| Operating Margin | -89.8% | -86.1% |
| Net Margin | -13.9% | — |
| Revenue YoY | 2377500.0% | 63.1% |
| Net Profit YoY | 50.7% | — |
| EPS (diluted) | $0.16 | $-0.26 |
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 25 | — | $14.6M | ||
| Q2 24 | — | $8.9M |
| Q4 25 | $-3.3M | — | ||
| Q3 25 | $-26.3M | — | ||
| Q2 25 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | 10.8% | — | ||
| Q3 25 | 15.0% | — | ||
| Q2 25 | — | 49.4% | ||
| Q2 24 | — | — |
| Q4 25 | -89.8% | — | ||
| Q3 25 | -190.3% | — | ||
| Q2 25 | — | -86.1% | ||
| Q2 24 | — | -204.1% |
| Q4 25 | -13.9% | — | ||
| Q3 25 | -221.3% | — | ||
| Q2 25 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | $0.16 | — | ||
| Q3 25 | $-0.25 | — | ||
| Q2 25 | — | $-0.26 | ||
| Q2 24 | — | $-0.38 |
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 | $4.2M |
| Total DebtLower is stronger | — | $83.0M |
| Stockholders' EquityBook value | $39.0M | $-73.2M |
| Total Assets | $102.2M | $17.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.8M | — | ||
| Q3 25 | $24.0M | — | ||
| Q2 25 | — | $4.2M | ||
| Q2 24 | — | $9.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $83.0M | ||
| Q2 24 | — | $60.2M |
| Q4 25 | $39.0M | — | ||
| Q3 25 | $1.3M | — | ||
| Q2 25 | — | $-73.2M | ||
| Q2 24 | — | $-51.2M |
| Q4 25 | $102.2M | — | ||
| Q3 25 | $60.9M | — | ||
| Q2 25 | — | $17.2M | ||
| Q2 24 | — | $25.0M |
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 25 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | $-16.5M | — | ||
| Q3 25 | $-24.9M | — | ||
| Q2 25 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | -69.6% | — | ||
| Q3 25 | -210.2% | — | ||
| Q2 25 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
