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Blaize Holdings, Inc.（BZAI）与合众银行（FSBC）财务数据对比。点击上方公司名可切换其他公司
合众银行的季度营收约是Blaize Holdings, Inc.的1.9倍（$45.1M vs $23.8M），合众银行净利率更高（41.3% vs -13.9%，领先55.2%）
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。
合众银行是总部设在美国明尼阿波利斯、在特拉华州注册的美国跨国银行机构，截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的银行。它旗下核心运营实体为美国银行全国协会，以US Bank品牌开展业务，提供银行、投资、抵押等金融服务。
BZAI vs FSBC — 直观对比
营收规模更大
FSBC
是对方的1.9倍
$23.8M
净利率更高
FSBC
高出55.2%
-13.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $23.8M | $45.1M |
| 净利润 | $-3.3M | $18.6M |
| 毛利率 | 10.8% | — |
| 营业利润率 | -89.8% | — |
| 净利率 | -13.9% | 41.3% |
| 营收同比 | 2377500.0% | — |
| 净利润同比 | 50.7% | 42.0% |
| 每股收益（稀释后） | $0.16 | $0.87 |
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BZAIFSBC
| Q1 26 | — | $45.1M | ||
| Q4 25 | $23.8M | $43.5M | ||
| Q3 25 | $11.9M | $41.3M | ||
| Q2 25 | — | $38.3M | ||
| Q1 25 | — | $35.3M | ||
| Q4 24 | — | $35.2M | ||
| Q3 24 | — | $31.8M | ||
| Q2 24 | — | $30.7M |
净利润BZAIFSBC
| Q1 26 | — | $18.6M | ||
| Q4 25 | $-3.3M | $17.6M | ||
| Q3 25 | $-26.3M | $16.3M | ||
| Q2 25 | — | $14.5M | ||
| Q1 25 | — | $13.1M | ||
| Q4 24 | — | $13.3M | ||
| Q3 24 | — | $10.9M | ||
| Q2 24 | — | $10.8M |
毛利率BZAIFSBC
| Q1 26 | — | — | ||
| Q4 25 | 10.8% | — | ||
| Q3 25 | 15.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率BZAIFSBC
| Q1 26 | — | — | ||
| Q4 25 | -89.8% | 52.9% | ||
| Q3 25 | -190.3% | 53.8% | ||
| Q2 25 | — | 52.4% | ||
| Q1 25 | — | 52.0% | ||
| Q4 24 | — | 55.1% | ||
| Q3 24 | — | 48.0% | ||
| Q2 24 | — | 49.4% |
净利率BZAIFSBC
| Q1 26 | — | 41.3% | ||
| Q4 25 | -13.9% | 40.6% | ||
| Q3 25 | -221.3% | 39.6% | ||
| Q2 25 | — | 37.9% | ||
| Q1 25 | — | 37.1% | ||
| Q4 24 | — | 37.9% | ||
| Q3 24 | — | 34.4% | ||
| Q2 24 | — | 35.2% |
每股收益（稀释后）BZAIFSBC
| Q1 26 | — | $0.87 | ||
| Q4 25 | $0.16 | $0.83 | ||
| Q3 25 | $-0.25 | $0.77 | ||
| Q2 25 | — | $0.68 | ||
| Q1 25 | — | $0.62 | ||
| Q4 24 | — | $0.61 | ||
| Q3 24 | — | $0.52 | ||
| Q2 24 | — | $0.51 |
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 | $644.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $39.0M | $458.5M |
| 总资产 | $102.2M | $5.0B |
| 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BZAIFSBC
| Q1 26 | — | $644.4M | ||
| Q4 25 | $45.8M | — | ||
| Q3 25 | $24.0M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BZAIFSBC
| Q1 26 | — | $458.5M | ||
| Q4 25 | $39.0M | $445.8M | ||
| Q3 25 | $1.3M | $431.3M | ||
| Q2 25 | — | $416.7M | ||
| Q1 25 | — | $406.5M | ||
| Q4 24 | — | $396.6M | ||
| Q3 24 | — | $389.9M | ||
| Q2 24 | — | $380.5M |
总资产BZAIFSBC
| Q1 26 | — | $5.0B | ||
| Q4 25 | $102.2M | $4.8B | ||
| Q3 25 | $60.9M | $4.6B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.6B |
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BZAIFSBC
| Q1 26 | — | — | ||
| Q4 25 | $-16.5M | $72.6M | ||
| Q3 25 | $-24.9M | $18.8M | ||
| Q2 25 | — | $17.8M | ||
| Q1 25 | — | $15.5M | ||
| Q4 24 | — | $51.8M | ||
| Q3 24 | — | $17.5M | ||
| Q2 24 | — | $16.0M |
自由现金流BZAIFSBC
| Q1 26 | — | — | ||
| Q4 25 | $-16.5M | $71.4M | ||
| Q3 25 | $-24.9M | $18.6M | ||
| Q2 25 | — | $17.5M | ||
| Q1 25 | — | $15.4M | ||
| Q4 24 | — | $51.2M | ||
| Q3 24 | — | $17.3M | ||
| Q2 24 | — | $15.8M |
自由现金流率BZAIFSBC
| Q1 26 | — | — | ||
| Q4 25 | -69.6% | 164.3% | ||
| Q3 25 | -210.2% | 45.0% | ||
| Q2 25 | — | 45.8% | ||
| Q1 25 | — | 43.5% | ||
| Q4 24 | — | 145.5% | ||
| Q3 24 | — | 54.5% | ||
| Q2 24 | — | 51.6% |
资本支出强度BZAIFSBC
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 2.8% | ||
| Q3 25 | 0.2% | 0.5% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 0.7% |
现金转化率BZAIFSBC
| Q1 26 | — | — | ||
| Q4 25 | — | 4.12× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 1.18× | ||
| Q4 24 | — | 3.89× | ||
| Q3 24 | — | 1.60× | ||
| Q2 24 | — | 1.49× |
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
FSBC
| Net Interest Income | $43.5M | 96% |
| Noninterest Income | $1.6M | 4% |
