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Side-by-side financial comparison of Blaize Holdings, Inc. (BZAI) and Postal Realty Trust, Inc. (PSTL). Click either name above to swap in a different company.
Postal Realty Trust, Inc. is the larger business by last-quarter revenue ($26.0M vs $23.8M, roughly 1.1× Blaize Holdings, Inc.). Postal Realty Trust, Inc. runs the higher net margin — 17.9% vs -13.9%, a 31.7% gap on every dollar of revenue. On growth, Blaize Holdings, Inc. posted the faster year-over-year revenue change (2377500.0% vs 21.7%). Postal Realty Trust, Inc. produced more free cash flow last quarter ($37.6M 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.
Postal Realty Trust, Inc. is a specialized real estate investment trust that acquires, owns, and manages properties primarily leased to the United States Postal Service. Its portfolio includes last-mile postal facilities, sorting centers, and retail post office locations across the U.S., supporting critical mail and package delivery infrastructure.
BZAI vs PSTL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.8M | $26.0M |
| Net Profit | $-3.3M | $4.6M |
| Gross Margin | 10.8% | — |
| Operating Margin | -89.8% | 39.2% |
| Net Margin | -13.9% | 17.9% |
| Revenue YoY | 2377500.0% | 21.7% |
| Net Profit YoY | 50.7% | 3.1% |
| EPS (diluted) | $0.16 | $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 | $26.0M | ||
| Q3 25 | $11.9M | $24.3M | ||
| Q2 25 | — | $23.4M | ||
| Q1 25 | — | $22.1M | ||
| Q4 24 | — | $21.4M | ||
| Q3 24 | — | $19.7M | ||
| Q2 24 | — | $18.1M | ||
| Q1 24 | — | $17.3M |
| Q4 25 | $-3.3M | $4.6M | ||
| Q3 25 | $-26.3M | $3.8M | ||
| Q2 25 | — | $3.6M | ||
| Q1 25 | — | $2.1M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | — | $1.1M | ||
| Q2 24 | — | $817.0K | ||
| Q1 24 | — | $206.0K |
| 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% | 37.6% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 28.4% | ||
| Q4 24 | — | 43.2% | ||
| Q3 24 | — | 24.3% | ||
| Q2 24 | — | 22.8% | ||
| Q1 24 | — | 17.6% |
| Q4 25 | -13.9% | 17.9% | ||
| Q3 25 | -221.3% | 15.7% | ||
| Q2 25 | — | 15.5% | ||
| Q1 25 | — | 9.4% | ||
| Q4 24 | — | 21.1% | ||
| Q3 24 | — | 5.4% | ||
| Q2 24 | — | 4.5% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | $0.16 | $0.16 | ||
| Q3 25 | $-0.25 | $0.13 | ||
| Q2 25 | — | $0.12 | ||
| Q1 25 | — | $0.06 | ||
| Q4 24 | — | $0.17 | ||
| Q3 24 | — | $0.03 | ||
| Q2 24 | — | $0.02 | ||
| Q1 24 | — | $-0.01 |
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 | $1.5M |
| Total DebtLower is stronger | — | $361.1M |
| Stockholders' EquityBook value | $39.0M | $285.2M |
| Total Assets | $102.2M | $759.1M |
| Debt / EquityLower = less leverage | — | 1.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.8M | $1.5M | ||
| Q3 25 | $24.0M | $1.9M | ||
| Q2 25 | — | $1.1M | ||
| Q1 25 | — | $639.0K | ||
| Q4 24 | — | $1.8M | ||
| Q3 24 | — | $970.0K | ||
| Q2 24 | — | $1.7M | ||
| Q1 24 | — | $1.9M |
| Q4 25 | — | $361.1M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $328.8M | ||
| Q1 25 | — | $306.7M | ||
| Q4 24 | — | $296.7M | ||
| Q3 24 | — | $277.0M | ||
| Q2 24 | — | $273.7M | ||
| Q1 24 | — | $247.6M |
| Q4 25 | $39.0M | $285.2M | ||
| Q3 25 | $1.3M | $273.9M | ||
| Q2 25 | — | $250.8M | ||
| Q1 25 | — | $245.5M | ||
| Q4 24 | — | $251.3M | ||
| Q3 24 | — | $245.6M | ||
| Q2 24 | — | $245.5M | ||
| Q1 24 | — | $248.1M |
| Q4 25 | $102.2M | $759.1M | ||
| Q3 25 | $60.9M | $735.2M | ||
| Q2 25 | — | $689.8M | ||
| Q1 25 | — | $654.0M | ||
| Q4 24 | — | $646.8M | ||
| Q3 24 | — | $615.1M | ||
| Q2 24 | — | $608.2M | ||
| Q1 24 | — | $584.1M |
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | 1.27× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | 1.25× | ||
| Q4 24 | — | 1.18× | ||
| Q3 24 | — | 1.13× | ||
| Q2 24 | — | 1.11× | ||
| Q1 24 | — | 1.00× |
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 | $44.5M |
| Free Cash FlowOCF − Capex | $-16.5M | $37.6M |
| FCF MarginFCF / Revenue | -69.6% | 144.5% |
| Capex IntensityCapex / Revenue | 0.3% | 26.7% |
| Cash ConversionOCF / Net Profit | — | 9.59× |
| TTM Free Cash FlowTrailing 4 quarters | — | $65.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.5M | $44.5M | ||
| Q3 25 | $-24.9M | $10.9M | ||
| Q2 25 | — | $11.4M | ||
| Q1 25 | — | $10.8M | ||
| Q4 24 | — | $33.5M | ||
| Q3 24 | — | $8.0M | ||
| Q2 24 | — | $9.9M | ||
| Q1 24 | — | $6.4M |
| Q4 25 | $-16.5M | $37.6M | ||
| Q3 25 | $-24.9M | $8.8M | ||
| Q2 25 | — | $9.1M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $30.7M | ||
| Q3 24 | — | $7.4M | ||
| Q2 24 | — | $8.9M | ||
| Q1 24 | — | $5.8M |
| Q4 25 | -69.6% | 144.5% | ||
| Q3 25 | -210.2% | 36.1% | ||
| Q2 25 | — | 38.8% | ||
| Q1 25 | — | 45.9% | ||
| Q4 24 | — | 143.8% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 49.4% | ||
| Q1 24 | — | 33.6% |
| Q4 25 | 0.3% | 26.7% | ||
| Q3 25 | 0.2% | 8.9% | ||
| Q2 25 | — | 10.1% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 5.4% | ||
| Q1 24 | — | 3.5% |
| Q4 25 | — | 9.59× | ||
| Q3 25 | — | 2.87× | ||
| Q2 25 | — | 3.16× | ||
| Q1 25 | — | 5.20× | ||
| Q4 24 | — | 7.44× | ||
| Q3 24 | — | 7.48× | ||
| Q2 24 | — | 12.10× | ||
| Q1 24 | — | 31.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
