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Side-by-side financial comparison of Blaize Holdings, Inc. (BZAI) and Namib Minerals (NAMM). Click either name above to swap in a different company.
Namib Minerals is the larger business by last-quarter revenue ($41.9M vs $23.8M, roughly 1.8× Blaize Holdings, Inc.). Namib Minerals produced more free cash flow last quarter ($7.4M 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.
Namib Minerals is a Namibia-based natural resources firm focused on exploration, development and extraction of high-demand mineral deposits including uranium, copper and lithium. It operates across licensed southern African sites, supplying raw materials to global clean energy, construction and electronics manufacturing sectors.
BZAI vs NAMM — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.8M | $41.9M |
| Net Profit | $-3.3M | — |
| Gross Margin | 10.8% | 45.7% |
| Operating Margin | -89.8% | 29.8% |
| Net Margin | -13.9% | — |
| 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 25 | — | $41.9M |
| Q4 25 | $-3.3M | — | ||
| Q3 25 | $-26.3M | — | ||
| Q2 25 | — | — |
| Q4 25 | 10.8% | — | ||
| Q3 25 | 15.0% | — | ||
| Q2 25 | — | 45.7% |
| Q4 25 | -89.8% | — | ||
| Q3 25 | -190.3% | — | ||
| Q2 25 | — | 29.8% |
| Q4 25 | -13.9% | — | ||
| Q3 25 | -221.3% | — | ||
| Q2 25 | — | — |
| Q4 25 | $0.16 | — | ||
| Q3 25 | $-0.25 | — | ||
| Q2 25 | — | — |
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 | — |
| Total Assets | $102.2M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.8M | — | ||
| Q3 25 | $24.0M | — | ||
| Q2 25 | — | — |
| Q4 25 | $39.0M | — | ||
| Q3 25 | $1.3M | — | ||
| Q2 25 | — | — |
| Q4 25 | $102.2M | — | ||
| Q3 25 | $60.9M | — | ||
| Q2 25 | — | — |
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 | $11.4M |
| Free Cash FlowOCF − Capex | $-16.5M | $7.4M |
| FCF MarginFCF / Revenue | -69.6% | 17.6% |
| Capex IntensityCapex / Revenue | 0.3% | 9.6% |
| 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 | — | $11.4M |
| Q4 25 | $-16.5M | — | ||
| Q3 25 | $-24.9M | — | ||
| Q2 25 | — | $7.4M |
| Q4 25 | -69.6% | — | ||
| Q3 25 | -210.2% | — | ||
| Q2 25 | — | 17.6% |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | — | 9.6% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
