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Blaize Holdings, Inc.（BZAI）与嘉楠科技（CAN）财务数据对比。点击上方公司名可切换其他公司
Blaize Holdings, Inc.的季度营收约是嘉楠科技的1.1倍（$23.8M vs $20.8M），Blaize Holdings, Inc.净利率更高（-13.9% vs -18.4%，领先4.6%）
Blaize Holdings Inc.是一家专注于边缘人工智能计算解决方案的科技企业，主打低能耗AI处理器、低延迟推理软件栈及端到端边缘AI开发工具，核心服务自动驾驶、工业自动化、智慧城市、边缘医疗监测等应用场景。
嘉楠科技（Canaan Inc.），也以嘉楠耘智之名开展业务，总部位于新加坡，是一家成立于2013年的计算机硬件厂商，由张楠赓创立，核心产品为比特币挖矿专用的区块链服务器与ASIC微处理器，在加密货币挖矿硬件领域拥有深厚技术积累。
BZAI vs CAN — 直观对比
营收规模更大
BZAI
是对方的1.1倍
$20.8M
净利率更高
BZAI
高出4.6%
-18.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $23.8M | $20.8M |
| 净利润 | $-3.3M | $-3.8M |
| 毛利率 | 10.8% | 99.9% |
| 营业利润率 | -89.8% | -15.9% |
| 净利率 | -13.9% | -18.4% |
| 营收同比 | 2377500.0% | — |
| 净利润同比 | 50.7% | — |
| 每股收益（稀释后） | $0.16 | $-0.05 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BZAICAN
| Q4 25 | $23.8M | $20.8M | ||
| Q3 25 | $11.9M | $13.8M | ||
| Q2 25 | — | $11.4M | ||
| Q3 24 | — | $10.2M | ||
| Q2 24 | — | $4.8M |
净利润BZAICAN
| Q4 25 | $-3.3M | $-3.8M | ||
| Q3 25 | $-26.3M | $-1.5M | ||
| Q2 25 | — | $-11.9M | ||
| Q3 24 | — | $-10.4M | ||
| Q2 24 | — | $-5.4M |
毛利率BZAICAN
| Q4 25 | 10.8% | 99.9% | ||
| Q3 25 | 15.0% | 99.9% | ||
| Q2 25 | — | 99.9% | ||
| Q3 24 | — | 99.9% | ||
| Q2 24 | — | 99.8% |
营业利润率BZAICAN
| Q4 25 | -89.8% | -15.9% | ||
| Q3 25 | -190.3% | -27.0% | ||
| Q2 25 | — | -45.5% | ||
| Q3 24 | — | -77.2% | ||
| Q2 24 | — | -193.9% |
净利率BZAICAN
| Q4 25 | -13.9% | -18.4% | ||
| Q3 25 | -221.3% | -11.0% | ||
| Q2 25 | — | -104.4% | ||
| Q3 24 | — | -102.7% | ||
| Q2 24 | — | -112.3% |
每股收益（稀释后）BZAICAN
| Q4 25 | $0.16 | $-0.05 | ||
| Q3 25 | $-0.25 | $-0.02 | ||
| Q2 25 | — | $-0.25 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $45.8M | — |
| 总债务越低越好 | — | $6.2M |
| 股东权益账面价值 | $39.0M | $52.4M |
| 总资产 | $102.2M | $92.5M |
| 负债/权益比越低杠杆越低 | — | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资BZAICAN
| Q4 25 | $45.8M | — | ||
| Q3 25 | $24.0M | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务BZAICAN
| Q4 25 | — | $6.2M | ||
| Q3 25 | — | $6.2M | ||
| Q2 25 | — | $6.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BZAICAN
| Q4 25 | $39.0M | $52.4M | ||
| Q3 25 | $1.3M | $44.7M | ||
| Q2 25 | — | $33.8M | ||
| Q3 24 | — | $43.6M | ||
| Q2 24 | — | $56.8M |
总资产BZAICAN
| Q4 25 | $102.2M | $92.5M | ||
| Q3 25 | $60.9M | $81.7M | ||
| Q2 25 | — | $78.0M | ||
| Q3 24 | — | $69.3M | ||
| Q2 24 | — | $73.7M |
负债/权益比BZAICAN
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.18× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-16.5M | — |
| 自由现金流经营现金流 - 资本支出 | $-16.5M | — |
| 自由现金流率自由现金流/营收 | -69.6% | — |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BZAICAN
| Q4 25 | $-16.5M | — | ||
| Q3 25 | $-24.9M | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流BZAICAN
| Q4 25 | $-16.5M | — | ||
| Q3 25 | $-24.9M | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率BZAICAN
| Q4 25 | -69.6% | — | ||
| Q3 25 | -210.2% | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度BZAICAN
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
