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Side-by-side financial comparison of Blaize Holdings, Inc. (BZAI) and Virginia National Bankshares Corp (VABK). Click either name above to swap in a different company.

Blaize Holdings, Inc. is the larger business by last-quarter revenue ($23.8M vs $15.0M, roughly 1.6× Virginia National Bankshares Corp). Virginia National Bankshares Corp runs the higher net margin — 39.7% vs -13.9%, a 53.5% gap on every dollar of revenue. On growth, Blaize Holdings, Inc. posted the faster year-over-year revenue change (2377500.0% vs 3.6%). Virginia National Bankshares Corp produced more free cash flow last quarter ($20.8M 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.

United Bankshares, Inc. is a bank holding company dual-headquartered in Charleston, West Virginia and Fairfax, Virginia with operations in West Virginia, Virginia, the District of Columbia, Maryland, Ohio, Pennsylvania, North Carolina, South Carolina, and Georgia in the United States. United Bankshares is the parent company of United Bank which comprises nearly 250 offices in eight states. In addition, UBSI is the parent company to subsidiaries George Mason Mortgage, United Brokerage, and Cre...

BZAI vs VABK — Head-to-Head

Bigger by revenue
BZAI
BZAI
1.6× larger
BZAI
$23.8M
$15.0M
VABK
Growing faster (revenue YoY)
BZAI
BZAI
+2377496.4% gap
BZAI
2377500.0%
3.6%
VABK
Higher net margin
VABK
VABK
53.5% more per $
VABK
39.7%
-13.9%
BZAI
More free cash flow
VABK
VABK
$37.3M more FCF
VABK
$20.8M
$-16.5M
BZAI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BZAI
BZAI
VABK
VABK
Revenue
$23.8M
$15.0M
Net Profit
$-3.3M
$6.0M
Gross Margin
10.8%
Operating Margin
-89.8%
50.5%
Net Margin
-13.9%
39.7%
Revenue YoY
2377500.0%
3.6%
Net Profit YoY
50.7%
30.6%
EPS (diluted)
$0.16
$1.10

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
VABK
VABK
Q4 25
$23.8M
$15.0M
Q3 25
$11.9M
$14.4M
Q2 25
$14.1M
Q1 25
$14.1M
Q4 24
$14.5M
Q3 24
$13.5M
Q2 24
$12.9M
Q1 24
$13.1M
Net Profit
BZAI
BZAI
VABK
VABK
Q4 25
$-3.3M
$6.0M
Q3 25
$-26.3M
$4.6M
Q2 25
$4.2M
Q1 25
$4.5M
Q4 24
$4.6M
Q3 24
$4.6M
Q2 24
$4.2M
Q1 24
$3.6M
Gross Margin
BZAI
BZAI
VABK
VABK
Q4 25
10.8%
Q3 25
15.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
BZAI
BZAI
VABK
VABK
Q4 25
-89.8%
50.5%
Q3 25
-190.3%
39.4%
Q2 25
38.4%
Q1 25
38.4%
Q4 24
40.3%
Q3 24
41.9%
Q2 24
39.5%
Q1 24
32.9%
Net Margin
BZAI
BZAI
VABK
VABK
Q4 25
-13.9%
39.7%
Q3 25
-221.3%
31.7%
Q2 25
30.0%
Q1 25
31.9%
Q4 24
31.4%
Q3 24
34.1%
Q2 24
32.3%
Q1 24
27.8%
EPS (diluted)
BZAI
BZAI
VABK
VABK
Q4 25
$0.16
$1.10
Q3 25
$-0.25
$0.84
Q2 25
$0.78
Q1 25
$0.83
Q4 24
$0.85
Q3 24
$0.85
Q2 24
$0.77
Q1 24
$0.68

Balance Sheet & Financial Strength

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

Metric
BZAI
BZAI
VABK
VABK
Cash + ST InvestmentsLiquidity on hand
$45.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$39.0M
$184.2M
Total Assets
$102.2M
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BZAI
BZAI
VABK
VABK
Q4 25
$45.8M
Q3 25
$24.0M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BZAI
BZAI
VABK
VABK
Q4 25
$39.0M
$184.2M
Q3 25
$1.3M
$177.4M
Q2 25
$170.8M
Q1 25
$166.8M
Q4 24
$160.3M
Q3 24
$165.9M
Q2 24
$154.2M
Q1 24
$152.6M
Total Assets
BZAI
BZAI
VABK
VABK
Q4 25
$102.2M
$1.6B
Q3 25
$60.9M
$1.6B
Q2 25
$1.6B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.6B
Q1 24
$1.6B

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
VABK
VABK
Operating Cash FlowLast quarter
$-16.5M
$21.3M
Free Cash FlowOCF − Capex
$-16.5M
$20.8M
FCF MarginFCF / Revenue
-69.6%
138.2%
Capex IntensityCapex / Revenue
0.3%
3.9%
Cash ConversionOCF / Net Profit
3.58×
TTM Free Cash FlowTrailing 4 quarters
$35.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BZAI
BZAI
VABK
VABK
Q4 25
$-16.5M
$21.3M
Q3 25
$-24.9M
$6.0M
Q2 25
$6.7M
Q1 25
$2.1M
Q4 24
$15.3M
Q3 24
$15.2M
Q2 24
$-6.4M
Q1 24
$3.2M
Free Cash Flow
BZAI
BZAI
VABK
VABK
Q4 25
$-16.5M
$20.8M
Q3 25
$-24.9M
$5.9M
Q2 25
$6.7M
Q1 25
$1.8M
Q4 24
$14.6M
Q3 24
$15.1M
Q2 24
$-6.8M
Q1 24
$3.1M
FCF Margin
BZAI
BZAI
VABK
VABK
Q4 25
-69.6%
138.2%
Q3 25
-210.2%
41.0%
Q2 25
47.6%
Q1 25
13.0%
Q4 24
100.4%
Q3 24
111.7%
Q2 24
-53.0%
Q1 24
23.9%
Capex Intensity
BZAI
BZAI
VABK
VABK
Q4 25
0.3%
3.9%
Q3 25
0.2%
0.5%
Q2 25
0.2%
Q1 25
1.8%
Q4 24
5.1%
Q3 24
0.9%
Q2 24
3.1%
Q1 24
0.2%
Cash Conversion
BZAI
BZAI
VABK
VABK
Q4 25
3.58×
Q3 25
1.31×
Q2 25
1.59×
Q1 25
0.47×
Q4 24
3.35×
Q3 24
3.30×
Q2 24
-1.54×
Q1 24
0.87×

Financial Flow Comparison

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

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