vs
Blaize Holdings, Inc.（BZAI）与SS Innovations International, Inc.（SSII）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SS Innovations International, Inc.的1.6倍（$23.8M vs $14.5M），Blaize Holdings, Inc.净利率更高（-13.9% vs -17.0%，领先3.1%），Blaize Holdings, Inc.同比增速更快（2377500.0% vs 79.1%），SS Innovations International, Inc.自由现金流更多（$-3.2M 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。
SS Innovations International, Inc.是一家全球化医疗科技企业，专注于研发、生产创新型外科手术机器人系统，为多地区医疗机构提供高精度、易获取的微创手术机器人平台，致力于提升手术效果、减轻手术操作负担。
BZAI vs SSII — 直观对比
营收规模更大
BZAI
是对方的1.6倍
$14.5M
营收增速更快
BZAI
高出2377420.9%
79.1%
净利率更高
BZAI
高出3.1%
-17.0%
自由现金流更多
SSII
多$13.3M
$-16.5M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $23.8M | $14.5M |
| 净利润 | $-3.3M | $-2.5M |
| 毛利率 | 10.8% | 43.9% |
| 营业利润率 | -89.8% | -3.7% |
| 净利率 | -13.9% | -17.0% |
| 营收同比 | 2377500.0% | 79.1% |
| 净利润同比 | 50.7% | -28.5% |
| 每股收益（稀释后） | $0.16 | $-0.01 |
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BZAISSII
| Q4 25 | $23.8M | $14.5M | ||
| Q3 25 | $11.9M | $12.8M | ||
| Q2 25 | — | $10.0M | ||
| Q1 25 | — | $5.1M | ||
| Q4 24 | — | $8.1M | ||
| Q3 24 | — | $4.4M | ||
| Q2 24 | — | $4.5M | ||
| Q1 24 | — | $3.6M |
净利润BZAISSII
| Q4 25 | $-3.3M | $-2.5M | ||
| Q3 25 | $-26.3M | $-3.7M | ||
| Q2 25 | — | $-256.7K | ||
| Q1 25 | — | $-5.7M | ||
| Q4 24 | — | $-1.9M | ||
| Q3 24 | — | $-3.2M | ||
| Q2 24 | — | $-4.1M | ||
| Q1 24 | — | $-9.8M |
毛利率BZAISSII
| Q4 25 | 10.8% | 43.9% | ||
| Q3 25 | 15.0% | 48.1% | ||
| Q2 25 | — | 59.1% | ||
| Q1 25 | — | 21.2% | ||
| Q4 24 | — | 48.9% | ||
| Q3 24 | — | 52.8% | ||
| Q2 24 | — | 31.9% | ||
| Q1 24 | — | 20.0% |
营业利润率BZAISSII
| Q4 25 | -89.8% | -3.7% | ||
| Q3 25 | -190.3% | -14.3% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | -115.6% | ||
| Q4 24 | — | -22.7% | ||
| Q3 24 | — | -73.1% | ||
| Q2 24 | — | -90.9% | ||
| Q1 24 | — | -270.3% |
净利率BZAISSII
| Q4 25 | -13.9% | -17.0% | ||
| Q3 25 | -221.3% | -29.0% | ||
| Q2 25 | — | -2.6% | ||
| Q1 25 | — | -111.0% | ||
| Q4 24 | — | -23.7% | ||
| Q3 24 | — | -74.0% | ||
| Q2 24 | — | -91.8% | ||
| Q1 24 | — | -270.5% |
每股收益（稀释后）BZAISSII
| Q4 25 | $0.16 | $-0.01 | ||
| Q3 25 | $-0.25 | $-0.02 | ||
| Q2 25 | — | $0.00 | ||
| Q1 25 | — | $-0.03 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | — | $-0.02 | ||
| Q2 24 | — | $-0.02 | ||
| Q1 24 | — | $-0.06 |
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 | $3.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $39.0M | $38.2M |
| 总资产 | $102.2M | $74.2M |
| 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BZAISSII
| Q4 25 | $45.8M | $3.2M | ||
| Q3 25 | $24.0M | $5.7M | ||
| Q2 25 | — | $11.4M | ||
| Q1 25 | — | $15.9M | ||
| Q4 24 | — | $466.5K | ||
| Q3 24 | — | $220.4K | ||
| Q2 24 | — | $608.2K | ||
| Q1 24 | — | $948.1K |
股东权益BZAISSII
| Q4 25 | $39.0M | $38.2M | ||
| Q3 25 | $1.3M | $39.6M | ||
| Q2 25 | — | $42.0M | ||
| Q1 25 | — | $40.6M | ||
| Q4 24 | — | $13.5M | ||
| Q3 24 | — | $13.7M | ||
| Q2 24 | — | $14.8M | ||
| Q1 24 | — | $16.7M |
总资产BZAISSII
| Q4 25 | $102.2M | $74.2M | ||
| Q3 25 | $60.9M | $69.6M | ||
| Q2 25 | — | $70.0M | ||
| Q1 25 | — | $63.5M | ||
| Q4 24 | — | $42.4M | ||
| Q3 24 | — | $39.0M | ||
| Q2 24 | — | $35.7M | ||
| Q1 24 | — | $35.2M |
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 | $-1.5M |
| 自由现金流经营现金流 - 资本支出 | $-16.5M | $-3.2M |
| 自由现金流率自由现金流/营收 | -69.6% | -22.3% |
| 资本支出强度资本支出/营收 | 0.3% | 11.8% |
| 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 | — | $-22.2M |
8季度趋势，按日历期对齐
经营现金流BZAISSII
| Q4 25 | $-16.5M | $-1.5M | ||
| Q3 25 | $-24.9M | $-7.5M | ||
| Q2 25 | — | $-3.5M | ||
| Q1 25 | — | $-6.1M | ||
| Q4 24 | — | $-3.3M | ||
| Q3 24 | — | $-2.5M | ||
| Q2 24 | — | $-1.0M | ||
| Q1 24 | — | $-2.7M |
自由现金流BZAISSII
| Q4 25 | $-16.5M | $-3.2M | ||
| Q3 25 | $-24.9M | $-8.2M | ||
| Q2 25 | — | $-3.8M | ||
| Q1 25 | — | $-7.0M | ||
| Q4 24 | — | $-3.4M | ||
| Q3 24 | — | $-4.2M | ||
| Q2 24 | — | $-3.1M | ||
| Q1 24 | — | $-2.8M |
自由现金流率BZAISSII
| Q4 25 | -69.6% | -22.3% | ||
| Q3 25 | -210.2% | -64.1% | ||
| Q2 25 | — | -37.7% | ||
| Q1 25 | — | -136.2% | ||
| Q4 24 | — | -41.7% | ||
| Q3 24 | — | -96.9% | ||
| Q2 24 | — | -69.5% | ||
| Q1 24 | — | -76.9% |
资本支出强度BZAISSII
| Q4 25 | 0.3% | 11.8% | ||
| Q3 25 | 0.2% | 5.9% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 38.8% | ||
| Q2 24 | — | 46.8% | ||
| Q1 24 | — | 3.5% |
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
SSII
| System Sales | $13.4M | 92% |
| Other | $1.2M | 8% |
