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Side-by-side financial comparison of Blaize Holdings, Inc. (BZAI) and TRANSCONTINENTAL REALTY INVESTORS INC (TCI). Click either name above to swap in a different company.

Blaize Holdings, Inc. is the larger business by last-quarter revenue ($23.8M vs $12.1M, roughly 2.0× TRANSCONTINENTAL REALTY INVESTORS INC). TRANSCONTINENTAL REALTY INVESTORS INC runs the higher net margin — 68.8% vs -13.9%, a 82.6% gap on every dollar of revenue. On growth, Blaize Holdings, Inc. posted the faster year-over-year revenue change (2377500.0% vs 2.3%).

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.

Transcontinental Realty Investors Inc. (TCI) is a U.S.-based real estate investment firm that owns, operates and develops a diversified portfolio of residential, commercial and mixed-use properties across core U.S. regional markets. It pursues long-term value growth via strategic property acquisitions, efficient asset management and tailored leasing solutions for individual and business tenants.

BZAI vs TCI — Head-to-Head

Bigger by revenue
BZAI
BZAI
2.0× larger
BZAI
$23.8M
$12.1M
TCI
Growing faster (revenue YoY)
BZAI
BZAI
+2377497.7% gap
BZAI
2377500.0%
2.3%
TCI
Higher net margin
TCI
TCI
82.6% more per $
TCI
68.8%
-13.9%
BZAI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BZAI
BZAI
TCI
TCI
Revenue
$23.8M
$12.1M
Net Profit
$-3.3M
$8.3M
Gross Margin
10.8%
Operating Margin
-89.8%
-28.9%
Net Margin
-13.9%
68.8%
Revenue YoY
2377500.0%
2.3%
Net Profit YoY
50.7%
7577.8%
EPS (diluted)
$0.16
$0.97

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
TCI
TCI
Q4 25
$23.8M
$12.1M
Q3 25
$11.9M
$12.8M
Q2 25
$12.2M
Q1 25
$12.0M
Q4 24
$11.8M
Q3 24
$11.6M
Q2 24
$11.8M
Q1 24
$11.9M
Net Profit
BZAI
BZAI
TCI
TCI
Q4 25
$-3.3M
$8.3M
Q3 25
$-26.3M
$724.0K
Q2 25
$169.0K
Q1 25
$4.6M
Q4 24
$108.0K
Q3 24
$1.7M
Q2 24
$1.5M
Q1 24
$2.5M
Gross Margin
BZAI
BZAI
TCI
TCI
Q4 25
10.8%
Q3 25
15.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
BZAI
BZAI
TCI
TCI
Q4 25
-89.8%
-28.9%
Q3 25
-190.3%
-10.9%
Q2 25
-6.8%
Q1 25
-5.3%
Q4 24
-14.3%
Q3 24
-14.4%
Q2 24
-9.2%
Q1 24
-11.2%
Net Margin
BZAI
BZAI
TCI
TCI
Q4 25
-13.9%
68.8%
Q3 25
-221.3%
5.6%
Q2 25
1.4%
Q1 25
38.5%
Q4 24
0.9%
Q3 24
14.7%
Q2 24
12.7%
Q1 24
21.4%
EPS (diluted)
BZAI
BZAI
TCI
TCI
Q4 25
$0.16
$0.97
Q3 25
$-0.25
$0.08
Q2 25
$0.02
Q1 25
$0.53
Q4 24
$0.01
Q3 24
$0.20
Q2 24
$0.17
Q1 24
$0.30

Balance Sheet & Financial Strength

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

Metric
BZAI
BZAI
TCI
TCI
Cash + ST InvestmentsLiquidity on hand
$45.8M
$89.0M
Total DebtLower is stronger
$210.8M
Stockholders' EquityBook value
$39.0M
$846.7M
Total Assets
$102.2M
$1.1B
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BZAI
BZAI
TCI
TCI
Q4 25
$45.8M
$89.0M
Q3 25
$24.0M
$82.7M
Q2 25
$73.5M
Q1 25
$88.6M
Q4 24
$99.7M
Q3 24
$131.6M
Q2 24
$127.5M
Q1 24
$130.8M
Total Debt
BZAI
BZAI
TCI
TCI
Q4 25
$210.8M
Q3 25
$223.5M
Q2 25
$212.4M
Q1 25
$198.2M
Q4 24
$181.9M
Q3 24
$180.3M
Q2 24
$177.4M
Q1 24
$178.3M
Stockholders' Equity
BZAI
BZAI
TCI
TCI
Q4 25
$39.0M
$846.7M
Q3 25
$1.3M
$838.4M
Q2 25
$837.7M
Q1 25
$837.3M
Q4 24
$832.3M
Q3 24
$832.2M
Q2 24
$830.4M
Q1 24
$828.9M
Total Assets
BZAI
BZAI
TCI
TCI
Q4 25
$102.2M
$1.1B
Q3 25
$60.9M
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.0B
Q1 24
$1.0B
Debt / Equity
BZAI
BZAI
TCI
TCI
Q4 25
0.25×
Q3 25
0.27×
Q2 25
0.25×
Q1 25
0.24×
Q4 24
0.22×
Q3 24
0.22×
Q2 24
0.21×
Q1 24
0.22×

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
TCI
TCI
Operating Cash FlowLast quarter
$-16.5M
$-2.9M
Free Cash FlowOCF − Capex
$-16.5M
FCF MarginFCF / Revenue
-69.6%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
-0.35×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BZAI
BZAI
TCI
TCI
Q4 25
$-16.5M
$-2.9M
Q3 25
$-24.9M
$8.2M
Q2 25
$-2.9M
Q1 25
$-7.4M
Q4 24
$1.3M
Q3 24
$13.7M
Q2 24
$-511.0K
Q1 24
$3.9M
Free Cash Flow
BZAI
BZAI
TCI
TCI
Q4 25
$-16.5M
Q3 25
$-24.9M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
BZAI
BZAI
TCI
TCI
Q4 25
-69.6%
Q3 25
-210.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
BZAI
BZAI
TCI
TCI
Q4 25
0.3%
Q3 25
0.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
BZAI
BZAI
TCI
TCI
Q4 25
-0.35×
Q3 25
11.28×
Q2 25
-17.24×
Q1 25
-1.61×
Q4 24
12.13×
Q3 24
8.03×
Q2 24
-0.34×
Q1 24
1.52×

Financial Flow Comparison

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

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