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Side-by-side financial comparison of Blaize Holdings, Inc. (BZAI) and OP Bancorp (OPBK). Click either name above to swap in a different company.
OP Bancorp is the larger business by last-quarter revenue ($24.3M vs $23.8M, roughly 1.0× Blaize Holdings, Inc.). On growth, Blaize Holdings, Inc. posted the faster year-over-year revenue change (2377500.0% vs 13.7%). OP Bancorp produced more free cash flow last quarter ($23.4M 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.
OP Bancorp is the bank holding company for Open Bank, a community-oriented commercial bank headquartered in California, United States. It provides a full range of banking solutions including deposit accounts, commercial real estate loans, small business financing, and consumer lending products, primarily catering to small and medium-sized enterprises, local immigrant communities, and retail clients across Southern California.
BZAI vs OPBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.8M | $24.3M |
| Net Profit | $-3.3M | — |
| Gross Margin | 10.8% | — |
| Operating Margin | -89.8% | 39.2% |
| Net Margin | -13.9% | — |
| Revenue YoY | 2377500.0% | 13.7% |
| Net Profit YoY | 50.7% | — |
| EPS (diluted) | $0.16 | $0.48 |
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 | $24.3M | ||
| Q3 25 | $11.9M | $24.5M | ||
| Q2 25 | — | $23.7M | ||
| Q1 25 | — | $22.2M | ||
| Q4 24 | — | $21.3M | ||
| Q3 24 | — | $20.7M | ||
| Q2 24 | — | $20.4M | ||
| Q1 24 | — | $19.6M |
| Q4 25 | $-3.3M | — | ||
| Q3 25 | $-26.3M | $6.7M | ||
| Q2 25 | — | $6.3M | ||
| Q1 25 | — | $5.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $5.4M | ||
| Q2 24 | — | $5.4M | ||
| Q1 24 | — | $5.2M |
| Q4 25 | 10.8% | — | ||
| Q3 25 | 15.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -89.8% | 39.2% | ||
| Q3 25 | -190.3% | 39.5% | ||
| Q2 25 | — | 35.7% | ||
| Q1 25 | — | 34.6% | ||
| Q4 24 | — | 31.2% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 37.2% | ||
| Q1 24 | — | 37.1% |
| Q4 25 | -13.9% | — | ||
| Q3 25 | -221.3% | 27.4% | ||
| Q2 25 | — | 26.7% | ||
| Q1 25 | — | 25.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 26.7% | ||
| Q1 24 | — | 26.7% |
| Q4 25 | $0.16 | $0.48 | ||
| Q3 25 | $-0.25 | $0.45 | ||
| Q2 25 | — | $0.42 | ||
| Q1 25 | — | $0.37 | ||
| Q4 24 | — | $0.33 | ||
| Q3 24 | — | $0.36 | ||
| Q2 24 | — | $0.36 | ||
| Q1 24 | — | $0.34 |
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 | $167.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $39.0M | $227.9M |
| Total Assets | $102.2M | $2.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.8M | $167.3M | ||
| Q3 25 | $24.0M | $166.7M | ||
| Q2 25 | — | $205.4M | ||
| Q1 25 | — | $198.9M | ||
| Q4 24 | — | $134.9M | ||
| Q3 24 | — | $166.8M | ||
| Q2 24 | — | $127.7M | ||
| Q1 24 | — | $139.2M |
| Q4 25 | $39.0M | $227.9M | ||
| Q3 25 | $1.3M | $221.5M | ||
| Q2 25 | — | $213.7M | ||
| Q1 25 | — | $210.1M | ||
| Q4 24 | — | $205.0M | ||
| Q3 24 | — | $203.6M | ||
| Q2 24 | — | $195.9M | ||
| Q1 24 | — | $194.7M |
| Q4 25 | $102.2M | $2.7B | ||
| Q3 25 | $60.9M | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.2B |
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 | $26.2M |
| Free Cash FlowOCF − Capex | $-16.5M | $23.4M |
| FCF MarginFCF / Revenue | -69.6% | 96.2% |
| Capex IntensityCapex / Revenue | 0.3% | 11.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $43.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.5M | $26.2M | ||
| Q3 25 | $-24.9M | $23.9M | ||
| Q2 25 | — | $-7.0M | ||
| Q1 25 | — | $5.6M | ||
| Q4 24 | — | $31.2M | ||
| Q3 24 | — | $13.3M | ||
| Q2 24 | — | $15.8M | ||
| Q1 24 | — | $-3.2M |
| Q4 25 | $-16.5M | $23.4M | ||
| Q3 25 | $-24.9M | $23.4M | ||
| Q2 25 | — | $-7.7M | ||
| Q1 25 | — | $4.2M | ||
| Q4 24 | — | $29.7M | ||
| Q3 24 | — | $12.8M | ||
| Q2 24 | — | $15.7M | ||
| Q1 24 | — | $-3.2M |
| Q4 25 | -69.6% | 96.2% | ||
| Q3 25 | -210.2% | 95.6% | ||
| Q2 25 | — | -32.5% | ||
| Q1 25 | — | 19.0% | ||
| Q4 24 | — | 139.0% | ||
| Q3 24 | — | 61.5% | ||
| Q2 24 | — | 77.0% | ||
| Q1 24 | — | -16.6% |
| Q4 25 | 0.3% | 11.5% | ||
| Q3 25 | 0.2% | 2.3% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 6.4% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | 3.57× | ||
| Q2 25 | — | -1.10× | ||
| Q1 25 | — | 1.02× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.45× | ||
| Q2 24 | — | 2.90× | ||
| Q1 24 | — | -0.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
