vs
Side-by-side financial comparison of Blaize Holdings, Inc. (BZAI) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.
Blaize Holdings, Inc. is the larger business by last-quarter revenue ($23.8M vs $19.1M, roughly 1.2× Americas Gold & Silver Corp). Blaize Holdings, Inc. runs the higher net margin — -13.9% vs -82.3%, a 68.5% gap on every dollar of revenue. On growth, Blaize Holdings, Inc. posted the faster year-over-year revenue change (2377500.0% vs -28.0%). Blaize Holdings, Inc. produced more free cash flow last quarter ($-16.5M vs $-41.3M).
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.
Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.
BZAI vs USAS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.8M | $19.1M |
| Net Profit | $-3.3M | $-15.7M |
| Gross Margin | 10.8% | 34.2% |
| Operating Margin | -89.8% | — |
| Net Margin | -13.9% | -82.3% |
| Revenue YoY | 2377500.0% | -28.0% |
| Net Profit YoY | 50.7% | 2.8% |
| 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 | $19.1M | ||
| Q3 24 | — | $26.5M |
| Q4 25 | $-3.3M | — | ||
| Q3 25 | $-26.3M | $-15.7M | ||
| Q3 24 | — | $-16.2M |
| Q4 25 | 10.8% | — | ||
| Q3 25 | 15.0% | 34.2% | ||
| Q3 24 | — | 23.6% |
| Q4 25 | -89.8% | — | ||
| Q3 25 | -190.3% | — | ||
| Q3 24 | — | — |
| Q4 25 | -13.9% | — | ||
| Q3 25 | -221.3% | -82.3% | ||
| Q3 24 | — | -60.9% |
| Q4 25 | $0.16 | — | ||
| Q3 25 | $-0.25 | — | ||
| Q3 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 | $39.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $39.0M | $50.2M |
| Total Assets | $102.2M | $234.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.8M | — | ||
| Q3 25 | $24.0M | $39.1M | ||
| Q3 24 | — | — |
| Q4 25 | $39.0M | — | ||
| Q3 25 | $1.3M | $50.2M | ||
| Q3 24 | — | $53.1M |
| Q4 25 | $102.2M | — | ||
| Q3 25 | $60.9M | $234.7M | ||
| Q3 24 | — | — |
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 | $-12.5M |
| Free Cash FlowOCF − Capex | $-16.5M | $-41.3M |
| FCF MarginFCF / Revenue | -69.6% | -216.5% |
| Capex IntensityCapex / Revenue | 0.3% | 150.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.5M | — | ||
| Q3 25 | $-24.9M | $-12.5M | ||
| Q3 24 | — | $2.4M |
| Q4 25 | $-16.5M | — | ||
| Q3 25 | $-24.9M | $-41.3M | ||
| Q3 24 | — | $-11.2M |
| Q4 25 | -69.6% | — | ||
| Q3 25 | -210.2% | -216.5% | ||
| Q3 24 | — | -42.2% |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.2% | 150.8% | ||
| Q3 24 | — | 51.2% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
