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Side-by-side financial comparison of Blaize Holdings, Inc. (BZAI) and NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN). Click either name above to swap in a different company.

Blaize Holdings, Inc. is the larger business by last-quarter revenue ($23.8M vs $23.6M, roughly 1.0× NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP). Blaize Holdings, Inc. runs the higher net margin — -13.9% vs -677.3%, a 663.5% gap on every dollar of revenue. On growth, Blaize Holdings, Inc. posted the faster year-over-year revenue change (2377500.0% vs 15.7%).

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.

New England Realty Associates Limited Partnership is a real estate investment entity that owns, operates and manages residential and commercial properties primarily across the U.S. New England region. Its core assets include multifamily apartments, mixed-use properties and small commercial spaces, serving tenants across Massachusetts, New Hampshire and adjacent states, delivering steady returns to unitholders via rental income and property value growth.

BZAI vs NEN — Head-to-Head

Bigger by revenue
BZAI
BZAI
1.0× larger
BZAI
$23.8M
$23.6M
NEN
Growing faster (revenue YoY)
BZAI
BZAI
+2377484.3% gap
BZAI
2377500.0%
15.7%
NEN
Higher net margin
BZAI
BZAI
663.5% more per $
BZAI
-13.9%
-677.3%
NEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BZAI
BZAI
NEN
NEN
Revenue
$23.8M
$23.6M
Net Profit
$-3.3M
$-1.4M
Gross Margin
10.8%
Operating Margin
-89.8%
14.0%
Net Margin
-13.9%
-677.3%
Revenue YoY
2377500.0%
15.7%
Net Profit YoY
50.7%
-133.0%
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.

Revenue
BZAI
BZAI
NEN
NEN
Q4 25
$23.8M
$23.6M
Q3 25
$11.9M
$23.7M
Q2 25
$21.2M
Q1 25
$20.7M
Q4 24
$20.4M
Q3 24
$20.2M
Q2 24
$20.1M
Q1 24
$19.9M
Net Profit
BZAI
BZAI
NEN
NEN
Q4 25
$-3.3M
$-1.4M
Q3 25
$-26.3M
$-521.8K
Q2 25
$4.1M
Q1 25
$3.8M
Q4 24
$4.2M
Q3 24
$3.9M
Q2 24
$4.1M
Q1 24
$3.5M
Gross Margin
BZAI
BZAI
NEN
NEN
Q4 25
10.8%
Q3 25
15.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
BZAI
BZAI
NEN
NEN
Q4 25
-89.8%
14.0%
Q3 25
-190.3%
20.0%
Q2 25
33.3%
Q1 25
30.1%
Q4 24
32.4%
Q3 24
32.0%
Q2 24
32.6%
Q1 24
28.9%
Net Margin
BZAI
BZAI
NEN
NEN
Q4 25
-13.9%
-677.3%
Q3 25
-221.3%
-2.2%
Q2 25
19.5%
Q1 25
18.3%
Q4 24
20.7%
Q3 24
19.3%
Q2 24
20.3%
Q1 24
17.4%
EPS (diluted)
BZAI
BZAI
NEN
NEN
Q4 25
$0.16
Q3 25
$-0.25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BZAI
BZAI
NEN
NEN
Cash + ST InvestmentsLiquidity on hand
$45.8M
$26.7M
Total DebtLower is stronger
$531.0M
Stockholders' EquityBook value
$39.0M
Total Assets
$102.2M
$505.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BZAI
BZAI
NEN
NEN
Q4 25
$45.8M
$26.7M
Q3 25
$24.0M
$13.4M
Q2 25
$16.7M
Q1 25
$30.9M
Q4 24
$17.6M
Q3 24
$15.1M
Q2 24
$13.5M
Q1 24
$28.8M
Total Debt
BZAI
BZAI
NEN
NEN
Q4 25
$531.0M
Q3 25
$514.2M
Q2 25
$514.3M
Q1 25
$407.8M
Q4 24
$408.6M
Q3 24
$409.3M
Q2 24
$410.0M
Q1 24
$410.7M
Stockholders' Equity
BZAI
BZAI
NEN
NEN
Q4 25
$39.0M
Q3 25
$1.3M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Assets
BZAI
BZAI
NEN
NEN
Q4 25
$102.2M
$505.3M
Q3 25
$60.9M
$492.9M
Q2 25
$494.8M
Q1 25
$385.2M
Q4 24
$393.5M
Q3 24
$387.4M
Q2 24
$383.7M
Q1 24
$381.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BZAI
BZAI
NEN
NEN
Operating Cash FlowLast quarter
$-16.5M
$27.7M
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.

Operating Cash Flow
BZAI
BZAI
NEN
NEN
Q4 25
$-16.5M
$27.7M
Q3 25
$-24.9M
$2.3M
Q2 25
$12.5M
Q1 25
$5.5M
Q4 24
$31.9M
Q3 24
$8.5M
Q2 24
$5.4M
Q1 24
$6.1M
Free Cash Flow
BZAI
BZAI
NEN
NEN
Q4 25
$-16.5M
Q3 25
$-24.9M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
BZAI
BZAI
NEN
NEN
Q4 25
-69.6%
Q3 25
-210.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
BZAI
BZAI
NEN
NEN
Q4 25
0.3%
Q3 25
0.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
BZAI
BZAI
NEN
NEN
Q4 25
Q3 25
Q2 25
3.02×
Q1 25
1.44×
Q4 24
7.57×
Q3 24
2.17×
Q2 24
1.32×
Q1 24
1.77×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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