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

Blaize Holdings, Inc. is the larger business by last-quarter revenue ($23.8M vs $16.4M, roughly 1.5× Ucommune International Ltd). Blaize Holdings, Inc. runs the higher net margin — -13.9% vs -42.2%, a 28.3% gap on every dollar of revenue. On growth, Blaize Holdings, Inc. posted the faster year-over-year revenue change (2377500.0% vs -56.1%). Ucommune International Ltd produced more free cash flow last quarter ($-892.0K 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.

Ucommune International Ltd., formerly known as UrWork, is a Beijing-based co-working space provider founded in 2015 by Mao Daqing. It is now the second-largest co-working space provider after WeWork, with properties in three dozen cities around the world, including Shanghai, Singapore, Hong Kong and New York City. The company was valued at 1.8 billion US dollars in August 2018, making it the first domestic unicorn in the Chinese co-working space, but by November 2018, Ucommune had completed i...

BZAI vs UK — Head-to-Head

Bigger by revenue
BZAI
BZAI
1.5× larger
BZAI
$23.8M
$16.4M
UK
Growing faster (revenue YoY)
BZAI
BZAI
+2377556.1% gap
BZAI
2377500.0%
-56.1%
UK
Higher net margin
BZAI
BZAI
28.3% more per $
BZAI
-13.9%
-42.2%
UK
More free cash flow
UK
UK
$15.7M more FCF
UK
$-892.0K
$-16.5M
BZAI

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
BZAI
BZAI
UK
UK
Revenue
$23.8M
$16.4M
Net Profit
$-3.3M
$-6.9M
Gross Margin
10.8%
Operating Margin
-89.8%
-23.6%
Net Margin
-13.9%
-42.2%
Revenue YoY
2377500.0%
-56.1%
Net Profit YoY
50.7%
-30.2%
EPS (diluted)
$0.16
$-8.55

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
UK
UK
Q4 25
$23.8M
Q3 25
$11.9M
Q2 24
$16.4M
Q2 23
$37.2M
Q2 22
$44.4M
Net Profit
BZAI
BZAI
UK
UK
Q4 25
$-3.3M
Q3 25
$-26.3M
Q2 24
$-6.9M
Q2 23
$-5.3M
Q2 22
$-34.2M
Gross Margin
BZAI
BZAI
UK
UK
Q4 25
10.8%
Q3 25
15.0%
Q2 24
Q2 23
Q2 22
Operating Margin
BZAI
BZAI
UK
UK
Q4 25
-89.8%
Q3 25
-190.3%
Q2 24
-23.6%
Q2 23
-22.0%
Q2 22
-86.7%
Net Margin
BZAI
BZAI
UK
UK
Q4 25
-13.9%
Q3 25
-221.3%
Q2 24
-42.2%
Q2 23
-14.2%
Q2 22
-77.1%
EPS (diluted)
BZAI
BZAI
UK
UK
Q4 25
$0.16
Q3 25
$-0.25
Q2 24
$-8.55
Q2 23
$-0.99
Q2 22
$-7.83

Balance Sheet & Financial Strength

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

Metric
BZAI
BZAI
UK
UK
Cash + ST InvestmentsLiquidity on hand
$45.8M
$10.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$39.0M
$4.7M
Total Assets
$102.2M
$68.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BZAI
BZAI
UK
UK
Q4 25
$45.8M
Q3 25
$24.0M
Q2 24
$10.7M
Q2 23
$8.6M
Q2 22
$15.9M
Total Debt
BZAI
BZAI
UK
UK
Q4 25
Q3 25
Q2 24
Q2 23
$50.9K
Q2 22
$2.1M
Stockholders' Equity
BZAI
BZAI
UK
UK
Q4 25
$39.0M
Q3 25
$1.3M
Q2 24
$4.7M
Q2 23
$3.0M
Q2 22
$19.6M
Total Assets
BZAI
BZAI
UK
UK
Q4 25
$102.2M
Q3 25
$60.9M
Q2 24
$68.0M
Q2 23
$103.4M
Q2 22
$200.4M
Debt / Equity
BZAI
BZAI
UK
UK
Q4 25
Q3 25
Q2 24
Q2 23
0.02×
Q2 22
0.11×

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
UK
UK
Operating Cash FlowLast quarter
$-16.5M
$-677.0K
Free Cash FlowOCF − Capex
$-16.5M
$-892.0K
FCF MarginFCF / Revenue
-69.6%
-5.5%
Capex IntensityCapex / Revenue
0.3%
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BZAI
BZAI
UK
UK
Q4 25
$-16.5M
Q3 25
$-24.9M
Q2 24
$-677.0K
Q2 23
$4.2M
Q2 22
$-16.0M
Free Cash Flow
BZAI
BZAI
UK
UK
Q4 25
$-16.5M
Q3 25
$-24.9M
Q2 24
$-892.0K
Q2 23
$3.2M
Q2 22
$-19.9M
FCF Margin
BZAI
BZAI
UK
UK
Q4 25
-69.6%
Q3 25
-210.2%
Q2 24
-5.5%
Q2 23
8.5%
Q2 22
-44.8%
Capex Intensity
BZAI
BZAI
UK
UK
Q4 25
0.3%
Q3 25
0.2%
Q2 24
1.3%
Q2 23
2.8%
Q2 22
8.7%

Financial Flow Comparison

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

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