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Blaize Holdings, Inc.（BZAI）与DYNEX CAPITAL INC（DX）财务数据对比。点击上方公司名可切换其他公司
DYNEX CAPITAL INC的季度营收约是Blaize Holdings, Inc.的1.8倍（$43.5M vs $23.8M），Blaize Holdings, Inc.同比增速更快（2377500.0% vs 531.3%）
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。
Dynex Capital Inc是一家总部位于美国的上市房地产投资信托公司，专注于投资和管理抵押贷款支持证券、住宅及商业抵押贷款等各类抵押相关资产组合，通过稳健运营为股东创造稳定分红和长期资本增值。
BZAI vs DX — 直观对比
营收规模更大
DX
是对方的1.8倍
$23.8M
营收增速更快
BZAI
高出2376968.7%
531.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $23.8M | $43.5M |
| 净利润 | $-3.3M | — |
| 毛利率 | 10.8% | — |
| 营业利润率 | -89.8% | — |
| 净利率 | -13.9% | — |
| 营收同比 | 2377500.0% | 531.3% |
| 净利润同比 | 50.7% | — |
| 每股收益（稀释后） | $0.16 | $1.59 |
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BZAIDX
| Q4 25 | $23.8M | $43.5M | ||
| Q3 25 | $11.9M | $30.6M | ||
| Q2 25 | — | $23.1M | ||
| Q1 25 | — | $17.1M | ||
| Q1 24 | — | $-3.2M | ||
| Q4 22 | — | $6.2M | ||
| Q3 22 | — | $7.1M | ||
| Q2 22 | — | $14.1M |
净利润BZAIDX
| Q4 25 | $-3.3M | — | ||
| Q3 25 | $-26.3M | $150.4M | ||
| Q2 25 | — | $-13.6M | ||
| Q1 25 | — | $-3.1M | ||
| Q1 24 | — | $40.1M | ||
| Q4 22 | — | $43.3M | ||
| Q3 22 | — | $-46.7M | ||
| Q2 22 | — | $29.3M |
毛利率BZAIDX
| Q4 25 | 10.8% | — | ||
| Q3 25 | 15.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q1 24 | — | — | ||
| Q4 22 | — | — | ||
| Q3 22 | — | — | ||
| Q2 22 | — | — |
营业利润率BZAIDX
| Q4 25 | -89.8% | — | ||
| Q3 25 | -190.3% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q1 24 | — | — | ||
| Q4 22 | — | — | ||
| Q3 22 | — | — | ||
| Q2 22 | — | — |
净利率BZAIDX
| Q4 25 | -13.9% | — | ||
| Q3 25 | -221.3% | 491.3% | ||
| Q2 25 | — | -58.8% | ||
| Q1 25 | — | -18.0% | ||
| Q1 24 | — | -1256.8% | ||
| Q4 22 | — | 697.2% | ||
| Q3 22 | — | -655.3% | ||
| Q2 22 | — | 208.5% |
每股收益（稀释后）BZAIDX
| Q4 25 | $0.16 | $1.59 | ||
| Q3 25 | $-0.25 | $1.08 | ||
| Q2 25 | — | $-0.14 | ||
| Q1 25 | — | $-0.06 | ||
| Q1 24 | — | $0.64 | ||
| Q4 22 | — | $0.44 | ||
| Q3 22 | — | $-1.07 | ||
| Q2 22 | — | $0.69 |
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 | $531.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $39.0M | $2.5B |
| 总资产 | $102.2M | $17.3B |
| 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BZAIDX
| Q4 25 | $45.8M | $531.0M | ||
| Q3 25 | $24.0M | $491.0M | ||
| Q2 25 | — | $387.5M | ||
| Q1 25 | — | $327.4M | ||
| Q1 24 | — | $295.7M | ||
| Q4 22 | — | $332.0M | ||
| Q3 22 | — | $260.4M | ||
| Q2 22 | — | $325.7M |
股东权益BZAIDX
| Q4 25 | $39.0M | $2.5B | ||
| Q3 25 | $1.3M | $2.0B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.4B | ||
| Q1 24 | — | $958.5M | ||
| Q4 22 | — | $901.3M | ||
| Q3 22 | — | $771.3M | ||
| Q2 22 | — | $842.4M |
总资产BZAIDX
| Q4 25 | $102.2M | $17.3B | ||
| Q3 25 | $60.9M | $14.2B | ||
| Q2 25 | — | $11.3B | ||
| Q1 25 | — | $9.0B | ||
| Q1 24 | — | $6.3B | ||
| Q4 22 | — | $3.6B | ||
| Q3 22 | — | $4.0B | ||
| Q2 22 | — | $3.2B |
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 | $120.8M |
| 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BZAIDX
| Q4 25 | $-16.5M | $120.8M | ||
| Q3 25 | $-24.9M | $68.3M | ||
| Q2 25 | — | $31.9M | ||
| Q1 25 | — | $6.4M | ||
| Q1 24 | — | $-17.1M | ||
| Q4 22 | — | $30.1M | ||
| Q3 22 | — | $25.5M | ||
| Q2 22 | — | $36.2M |
自由现金流BZAIDX
| Q4 25 | $-16.5M | — | ||
| Q3 25 | $-24.9M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q1 24 | — | — | ||
| Q4 22 | — | — | ||
| Q3 22 | — | — | ||
| Q2 22 | — | — |
自由现金流率BZAIDX
| Q4 25 | -69.6% | — | ||
| Q3 25 | -210.2% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q1 24 | — | — | ||
| Q4 22 | — | — | ||
| Q3 22 | — | — | ||
| Q2 22 | — | — |
资本支出强度BZAIDX
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q1 24 | — | — | ||
| Q4 22 | — | — | ||
| Q3 22 | — | — | ||
| Q2 22 | — | — |
现金转化率BZAIDX
| Q4 25 | — | — | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q1 24 | — | -0.43× | ||
| Q4 22 | — | 0.69× | ||
| Q3 22 | — | — | ||
| Q2 22 | — | 1.23× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
