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Side-by-side financial comparison of Blaize Holdings, Inc. (BZAI) and Organogenesis Holdings Inc. (ORGO). Click either name above to swap in a different company.

Organogenesis Holdings Inc. is the larger business by last-quarter revenue ($37.2M vs $23.8M, roughly 1.6× Blaize Holdings, Inc.). On growth, Blaize Holdings, Inc. posted the faster year-over-year revenue change (2377500.0% vs -57.1%).

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.

Organogenesis Holdings Inc. is a leading regenerative medicine firm specializing in developing and manufacturing advanced therapeutic products for wound care, surgical repair, sports medicine, and dermatology. It serves healthcare providers and patients primarily in the U.S. and select international markets, offering clinically validated solutions for unmet medical needs.

BZAI vs ORGO — Head-to-Head

Bigger by revenue
ORGO
ORGO
1.6× larger
ORGO
$37.2M
$23.8M
BZAI
Growing faster (revenue YoY)
BZAI
BZAI
+2377557.1% gap
BZAI
2377500.0%
-57.1%
ORGO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BZAI
BZAI
ORGO
ORGO
Revenue
$23.8M
$37.2M
Net Profit
$-3.3M
Gross Margin
10.8%
30.8%
Operating Margin
-89.8%
-185.1%
Net Margin
-13.9%
Revenue YoY
2377500.0%
-57.1%
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.

Revenue
BZAI
BZAI
ORGO
ORGO
Q1 26
$37.2M
Q4 25
$23.8M
$225.6M
Q3 25
$11.9M
$150.9M
Q2 25
$101.0M
Q1 25
$86.7M
Q4 24
$126.7M
Q3 24
$115.2M
Q2 24
$130.2M
Net Profit
BZAI
BZAI
ORGO
ORGO
Q1 26
Q4 25
$-3.3M
$43.7M
Q3 25
$-26.3M
$21.6M
Q2 25
$-9.4M
Q1 25
$-18.8M
Q4 24
$7.7M
Q3 24
$12.3M
Q2 24
$-17.0M
Gross Margin
BZAI
BZAI
ORGO
ORGO
Q1 26
30.8%
Q4 25
10.8%
Q3 25
15.0%
Q2 25
Q1 25
72.6%
Q4 24
75.5%
Q3 24
76.7%
Q2 24
77.6%
Operating Margin
BZAI
BZAI
ORGO
ORGO
Q1 26
-185.1%
Q4 25
-89.8%
28.1%
Q3 25
-190.3%
13.7%
Q2 25
-12.5%
Q1 25
-30.9%
Q4 24
8.1%
Q3 24
5.4%
Q2 24
-10.7%
Net Margin
BZAI
BZAI
ORGO
ORGO
Q1 26
Q4 25
-13.9%
19.4%
Q3 25
-221.3%
14.3%
Q2 25
-9.3%
Q1 25
-21.7%
Q4 24
6.1%
Q3 24
10.7%
Q2 24
-13.1%
EPS (diluted)
BZAI
BZAI
ORGO
ORGO
Q1 26
Q4 25
$0.16
$0.31
Q3 25
$-0.25
$0.11
Q2 25
$-0.10
Q1 25
$-0.17
Q4 24
$0.05
Q3 24
$0.09
Q2 24
$-0.13

Balance Sheet & Financial Strength

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

Metric
BZAI
BZAI
ORGO
ORGO
Cash + ST InvestmentsLiquidity on hand
$45.8M
$91.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$39.0M
Total Assets
$102.2M
$520.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BZAI
BZAI
ORGO
ORGO
Q1 26
$91.4M
Q4 25
$45.8M
$93.7M
Q3 25
$24.0M
$63.7M
Q2 25
$73.1M
Q1 25
$110.0M
Q4 24
$135.6M
Q3 24
$94.3M
Q2 24
$89.9M
Total Debt
BZAI
BZAI
ORGO
ORGO
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$62.3M
Q2 24
$63.8M
Stockholders' Equity
BZAI
BZAI
ORGO
ORGO
Q1 26
Q4 25
$39.0M
$300.1M
Q3 25
$1.3M
$255.1M
Q2 25
$233.2M
Q1 25
$242.9M
Q4 24
$262.9M
Q3 24
$278.5M
Q2 24
$263.5M
Total Assets
BZAI
BZAI
ORGO
ORGO
Q1 26
$520.0M
Q4 25
$102.2M
$598.7M
Q3 25
$60.9M
$509.8M
Q2 25
$461.1M
Q1 25
$467.4M
Q4 24
$497.9M
Q3 24
$446.3M
Q2 24
$443.2M
Debt / Equity
BZAI
BZAI
ORGO
ORGO
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.22×
Q2 24
0.24×

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
ORGO
ORGO
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.

Operating Cash Flow
BZAI
BZAI
ORGO
ORGO
Q1 26
Q4 25
$-16.5M
$39.4M
Q3 25
$-24.9M
$3.1M
Q2 25
$-32.9M
Q1 25
$-19.9M
Q4 24
$10.9M
Q3 24
$8.7M
Q2 24
$4.7M
Free Cash Flow
BZAI
BZAI
ORGO
ORGO
Q1 26
Q4 25
$-16.5M
$34.8M
Q3 25
$-24.9M
$844.0K
Q2 25
$-36.5M
Q1 25
$-23.6M
Q4 24
$7.6M
Q3 24
$6.1M
Q2 24
$2.9M
FCF Margin
BZAI
BZAI
ORGO
ORGO
Q1 26
Q4 25
-69.6%
15.4%
Q3 25
-210.2%
0.6%
Q2 25
-36.1%
Q1 25
-27.2%
Q4 24
6.0%
Q3 24
5.3%
Q2 24
2.2%
Capex Intensity
BZAI
BZAI
ORGO
ORGO
Q1 26
Q4 25
0.3%
2.1%
Q3 25
0.2%
1.5%
Q2 25
3.6%
Q1 25
4.2%
Q4 24
2.7%
Q3 24
2.2%
Q2 24
1.4%
Cash Conversion
BZAI
BZAI
ORGO
ORGO
Q1 26
Q4 25
0.90×
Q3 25
0.14×
Q2 25
Q1 25
Q4 24
1.43×
Q3 24
0.71×
Q2 24

Financial Flow Comparison

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

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