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

Blaize Holdings, Inc. is the larger business by last-quarter revenue ($23.8M vs $12.0M, roughly 2.0× Sachem Capital Corp.). Sachem Capital Corp. runs the higher net margin — 8.3% vs -13.9%, a 22.2% gap on every dollar of revenue. On growth, Blaize Holdings, Inc. posted the faster year-over-year revenue change (2377500.0% vs -18.8%).

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.

Sachem Head Capital Management is an American value-oriented investment management firm based in New York City, managed by Scott Ferguson.

BZAI vs SACH — Head-to-Head

Bigger by revenue
BZAI
BZAI
2.0× larger
BZAI
$23.8M
$12.0M
SACH
Growing faster (revenue YoY)
BZAI
BZAI
+2377518.8% gap
BZAI
2377500.0%
-18.8%
SACH
Higher net margin
SACH
SACH
22.2% more per $
SACH
8.3%
-13.9%
BZAI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BZAI
BZAI
SACH
SACH
Revenue
$23.8M
$12.0M
Net Profit
$-3.3M
$997.0K
Gross Margin
10.8%
Operating Margin
-89.8%
-3.1%
Net Margin
-13.9%
8.3%
Revenue YoY
2377500.0%
-18.8%
Net Profit YoY
50.7%
119.7%
EPS (diluted)
$0.16
$0.00

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
SACH
SACH
Q4 25
$23.8M
Q3 25
$11.9M
$12.0M
Q2 25
$10.8M
Q1 25
$11.4M
Q4 24
$10.8M
Q3 24
$14.8M
Q2 24
$15.1M
Q1 24
$16.8M
Net Profit
BZAI
BZAI
SACH
SACH
Q4 25
$-3.3M
Q3 25
$-26.3M
$997.0K
Q2 25
$1.9M
Q1 25
$904.0K
Q4 24
$-36.1M
Q3 24
$-5.1M
Q2 24
$-3.1M
Q1 24
$4.7M
Gross Margin
BZAI
BZAI
SACH
SACH
Q4 25
10.8%
Q3 25
15.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
BZAI
BZAI
SACH
SACH
Q4 25
-89.8%
Q3 25
-190.3%
-3.1%
Q2 25
9.9%
Q1 25
9.0%
Q4 24
-131.1%
Q3 24
-32.6%
Q2 24
-20.6%
Q1 24
25.4%
Net Margin
BZAI
BZAI
SACH
SACH
Q4 25
-13.9%
Q3 25
-221.3%
8.3%
Q2 25
17.5%
Q1 25
7.9%
Q4 24
-335.6%
Q3 24
-34.2%
Q2 24
-20.2%
Q1 24
27.8%
EPS (diluted)
BZAI
BZAI
SACH
SACH
Q4 25
$0.16
Q3 25
$-0.25
$0.00
Q2 25
$0.02
Q1 25
$0.00
Q4 24
$-0.79
Q3 24
$-0.13
Q2 24
$-0.09
Q1 24
$0.08

Balance Sheet & Financial Strength

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

Metric
BZAI
BZAI
SACH
SACH
Cash + ST InvestmentsLiquidity on hand
$45.8M
$12.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$39.0M
$175.6M
Total Assets
$102.2M
$484.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BZAI
BZAI
SACH
SACH
Q4 25
$45.8M
Q3 25
$24.0M
$12.6M
Q2 25
$23.5M
Q1 25
$25.8M
Q4 24
$19.6M
Q3 24
$7.4M
Q2 24
$12.4M
Q1 24
$56.8M
Total Debt
BZAI
BZAI
SACH
SACH
Q4 25
Q3 25
Q2 25
Q1 25
$230.2M
Q4 24
$230.2M
Q3 24
$264.7M
Q2 24
$264.7M
Q1 24
$288.4M
Stockholders' Equity
BZAI
BZAI
SACH
SACH
Q4 25
$39.0M
Q3 25
$1.3M
$175.6M
Q2 25
$177.9M
Q1 25
$179.3M
Q4 24
$181.7M
Q3 24
$220.6M
Q2 24
$230.2M
Q1 24
$237.4M
Total Assets
BZAI
BZAI
SACH
SACH
Q4 25
$102.2M
Q3 25
$60.9M
$484.4M
Q2 25
$501.8M
Q1 25
$491.4M
Q4 24
$492.0M
Q3 24
$555.5M
Q2 24
$586.3M
Q1 24
$626.5M
Debt / Equity
BZAI
BZAI
SACH
SACH
Q4 25
Q3 25
Q2 25
Q1 25
1.28×
Q4 24
1.27×
Q3 24
1.20×
Q2 24
1.15×
Q1 24
1.21×

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
SACH
SACH
Operating Cash FlowLast quarter
$-16.5M
$4.9M
Free Cash FlowOCF − Capex
$-16.5M
FCF MarginFCF / Revenue
-69.6%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
4.95×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BZAI
BZAI
SACH
SACH
Q4 25
$-16.5M
Q3 25
$-24.9M
$4.9M
Q2 25
$501.0K
Q1 25
$191.0K
Q4 24
$12.9M
Q3 24
$2.3M
Q2 24
$7.0M
Q1 24
$4.2M
Free Cash Flow
BZAI
BZAI
SACH
SACH
Q4 25
$-16.5M
Q3 25
$-24.9M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
BZAI
BZAI
SACH
SACH
Q4 25
-69.6%
Q3 25
-210.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
BZAI
BZAI
SACH
SACH
Q4 25
0.3%
Q3 25
0.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
BZAI
BZAI
SACH
SACH
Q4 25
Q3 25
4.95×
Q2 25
0.27×
Q1 25
0.21×
Q4 24
Q3 24
Q2 24
Q1 24
0.90×

Financial Flow Comparison

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

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