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Side-by-side financial comparison of Blaize Holdings, Inc. (BZAI) and STAK Inc. (STAK). Click either name above to swap in a different company.
Blaize Holdings, Inc. is the larger business by last-quarter revenue ($23.8M vs $13.6M, roughly 1.7× STAK Inc.). STAK Inc. runs the higher net margin — 11.9% vs -13.9%, a 25.7% gap on every dollar of revenue. STAK Inc. produced more free cash flow last quarter ($-1.0M 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.
BZAI vs STAK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2024
| Metric | | |
|---|---|---|
| Revenue | $23.8M | $13.6M |
| Net Profit | $-3.3M | $1.6M |
| Gross Margin | 10.8% | 28.5% |
| Operating Margin | -89.8% | 13.6% |
| Net Margin | -13.9% | 11.9% |
| Revenue YoY | 2377500.0% | — |
| 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.
| Q4 25 | $23.8M | — | ||
| Q3 25 | $11.9M | — | ||
| Q4 24 | — | $13.6M |
| Q4 25 | $-3.3M | — | ||
| Q3 25 | $-26.3M | — | ||
| Q4 24 | — | $1.6M |
| Q4 25 | 10.8% | — | ||
| Q3 25 | 15.0% | — | ||
| Q4 24 | — | 28.5% |
| Q4 25 | -89.8% | — | ||
| Q3 25 | -190.3% | — | ||
| Q4 24 | — | 13.6% |
| Q4 25 | -13.9% | — | ||
| Q3 25 | -221.3% | — | ||
| Q4 24 | — | 11.9% |
| Q4 25 | $0.16 | — | ||
| Q3 25 | $-0.25 | — | ||
| Q4 24 | — | — |
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 | $658.2K |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $39.0M | $10.6M |
| Total Assets | $102.2M | $18.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.8M | — | ||
| Q3 25 | $24.0M | — | ||
| Q4 24 | — | $658.2K |
| Q4 25 | $39.0M | — | ||
| Q3 25 | $1.3M | — | ||
| Q4 24 | — | $10.6M |
| Q4 25 | $102.2M | — | ||
| Q3 25 | $60.9M | — | ||
| Q4 24 | — | $18.8M |
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 | $-998.6K |
| Free Cash FlowOCF − Capex | $-16.5M | $-1.0M |
| FCF MarginFCF / Revenue | -69.6% | -7.4% |
| Capex IntensityCapex / Revenue | 0.3% | 0.0% |
| Cash ConversionOCF / Net Profit | — | -0.62× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.5M | — | ||
| Q3 25 | $-24.9M | — | ||
| Q4 24 | — | $-998.6K |
| Q4 25 | $-16.5M | — | ||
| Q3 25 | $-24.9M | — | ||
| Q4 24 | — | $-1.0M |
| Q4 25 | -69.6% | — | ||
| Q3 25 | -210.2% | — | ||
| Q4 24 | — | -7.4% |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.2% | — | ||
| Q4 24 | — | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q4 24 | — | -0.62× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BZAI
Segment breakdown not available.
STAK
| Other | $4.2M | 31% |
| Sales of specialized oilfield equipment | $4.0M | 30% |
| Total | $3.3M | 24% |
| Sales of specialized oilfield vehicle | $2.1M | 15% |
| Service income from automation solutions | $26.4K | 0% |
