Blaize Holdings vs Everspin Technologies
Everspin Technologies is the larger business, with $55.2m of revenue in fiscal 2025 against $38.6m for Blaize Holdings (1.4 times as much). Blaize Holdings grew faster (2386.0% against 9.5%). Everspin Technologies kept more of each dollar of sales as profit: a net margin of -1.1% against -535.6%. Blaize Holdings carries less debt relative to equity (0.0% against 2.6%).
| Latest fiscal year | Blaize HoldingsBZAI, 2025 | Everspin TechnologiesMRAM, 2025 |
|---|---|---|
| Revenue | $38.6m | $55.2m |
| Revenue growth | 2386.0% | 9.5% |
| Net income | −$207m | −$586,000 |
| Operating margin | -268.8% | -11.8% |
| Net margin | -535.6% | -1.1% |
| Return on equity | — | -0.9% |
| Free cash flow | −$74.5m | $3.1m |
| Cash | $45.8m | $44.5m |
| Total debt | $0 | $1.8m |
| Debt to equity | 0.0% | 2.6% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 254 | 85 |
| Market value | $29.5m | $326m |
| Price vs our value range | — | — |
| Moat score | — | 49 (Moderate) |
| Insider trades, 12 months | 0 buys, 10 sales | 0 buys, 32 sales |