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Blaize Holdings, Inc.（BZAI）与Ceribell, Inc.（CBLL）财务数据对比。点击上方公司名可切换其他公司
Ceribell, Inc.的季度营收约是Blaize Holdings, Inc.的1.0倍（$24.8M vs $23.8M），Blaize Holdings, Inc.净利率更高（-13.9% vs -54.6%，领先40.7%），Ceribell, Inc.自由现金流更多（$-11.0M vs $-16.5M）
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。
Ceribell, Inc.是一家专注于神经诊断领域的医疗科技企业，主打便携式快速脑电图检测设备，可为急症、重症护理场景提供便捷的癫痫发作监测解决方案，核心市场覆盖北美地区，目前正逐步推进全球化业务布局。
BZAI vs CBLL — 直观对比
营收规模更大
CBLL
是对方的1.0倍
$23.8M
净利率更高
BZAI
高出40.7%
-54.6%
自由现金流更多
CBLL
多$5.6M
$-16.5M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $23.8M | $24.8M |
| 净利润 | $-3.3M | $-13.5M |
| 毛利率 | 10.8% | 87.3% |
| 营业利润率 | -89.8% | -58.9% |
| 净利率 | -13.9% | -54.6% |
| 营收同比 | 2377500.0% | — |
| 净利润同比 | 50.7% | — |
| 每股收益（稀释后） | $0.16 | $-0.35 |
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BZAICBLL
| Q4 25 | $23.8M | $24.8M | ||
| Q3 25 | $11.9M | $22.6M | ||
| Q2 25 | — | $21.2M | ||
| Q1 25 | — | $20.5M | ||
| Q3 24 | — | $17.2M |
净利润BZAICBLL
| Q4 25 | $-3.3M | $-13.5M | ||
| Q3 25 | $-26.3M | $-13.5M | ||
| Q2 25 | — | $-13.6M | ||
| Q1 25 | — | $-12.8M | ||
| Q3 24 | — | $-10.4M |
毛利率BZAICBLL
| Q4 25 | 10.8% | 87.3% | ||
| Q3 25 | 15.0% | 88.3% | ||
| Q2 25 | — | 88.1% | ||
| Q1 25 | — | 87.9% | ||
| Q3 24 | — | 87.3% |
营业利润率BZAICBLL
| Q4 25 | -89.8% | -58.9% | ||
| Q3 25 | -190.3% | -64.8% | ||
| Q2 25 | — | -70.5% | ||
| Q1 25 | — | -69.3% | ||
| Q3 24 | — | -57.8% |
净利率BZAICBLL
| Q4 25 | -13.9% | -54.6% | ||
| Q3 25 | -221.3% | -59.6% | ||
| Q2 25 | — | -64.4% | ||
| Q1 25 | — | -62.4% | ||
| Q3 24 | — | -60.6% |
每股收益（稀释后）BZAICBLL
| Q4 25 | $0.16 | $-0.35 | ||
| Q3 25 | $-0.25 | $-0.37 | ||
| Q2 25 | — | $-0.38 | ||
| Q1 25 | — | $-0.36 | ||
| Q3 24 | — | $-1.85 |
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 | $159.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $39.0M | $155.3M |
| 总资产 | $102.2M | $195.8M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BZAICBLL
| Q4 25 | $45.8M | $159.3M | ||
| Q3 25 | $24.0M | $168.5M | ||
| Q2 25 | — | $177.4M | ||
| Q1 25 | — | $182.7M | ||
| Q3 24 | — | $14.1M |
股东权益BZAICBLL
| Q4 25 | $39.0M | $155.3M | ||
| Q3 25 | $1.3M | $164.1M | ||
| Q2 25 | — | $172.2M | ||
| Q1 25 | — | $180.9M | ||
| Q3 24 | — | $-136.0M |
总资产BZAICBLL
| Q4 25 | $102.2M | $195.8M | ||
| Q3 25 | $60.9M | $199.5M | ||
| Q2 25 | — | $207.7M | ||
| Q1 25 | — | $213.5M | ||
| Q3 24 | — | $47.1M |
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 | $-10.8M |
| 自由现金流经营现金流 - 资本支出 | $-16.5M | $-11.0M |
| 自由现金流率自由现金流/营收 | -69.6% | -44.2% |
| 资本支出强度资本支出/营收 | 0.3% | 0.7% |
| 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 | — | $-41.6M |
8季度趋势，按日历期对齐
经营现金流BZAICBLL
| Q4 25 | $-16.5M | $-10.8M | ||
| Q3 25 | $-24.9M | $-11.1M | ||
| Q2 25 | — | $-7.5M | ||
| Q1 25 | — | $-11.4M | ||
| Q3 24 | — | — |
自由现金流BZAICBLL
| Q4 25 | $-16.5M | $-11.0M | ||
| Q3 25 | $-24.9M | $-11.5M | ||
| Q2 25 | — | $-7.6M | ||
| Q1 25 | — | $-11.6M | ||
| Q3 24 | — | — |
自由现金流率BZAICBLL
| Q4 25 | -69.6% | -44.2% | ||
| Q3 25 | -210.2% | -50.8% | ||
| Q2 25 | — | -35.9% | ||
| Q1 25 | — | -56.4% | ||
| Q3 24 | — | — |
资本支出强度BZAICBLL
| Q4 25 | 0.3% | 0.7% | ||
| Q3 25 | 0.2% | 1.6% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.7% | ||
| Q3 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BZAI
暂无分部数据
CBLL
| Products | $18.8M | 76% |
| Subscription | $6.0M | 24% |
