Blaize Holdings vs Navitas Semiconductor
Navitas Semiconductor is the larger business, with $45.9m of revenue in fiscal 2025 against $38.6m for Blaize Holdings (1.2 times as much). Blaize Holdings grew faster (2386.0% against -44.9%). Navitas Semiconductor kept more of each dollar of sales as profit: a net margin of -254.7% against -535.6%. Blaize Holdings carries less debt relative to equity (0.0% against 0.0%).
| Latest fiscal year | Blaize HoldingsBZAI, 2025 | Navitas SemiconductorNVTS, 2025 |
|---|---|---|
| Revenue | $38.6m | $45.9m |
| Revenue growth | 2386.0% | -44.9% |
| Net income | −$207m | −$117m |
| Operating margin | -268.8% | -234.7% |
| Net margin | -535.6% | -254.7% |
| Return on equity | — | -29.5% |
| Free cash flow | −$74.5m | −$44.4m |
| Cash | $45.8m | $237m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 254 | — |
| Market value | $29.5m | $2.08bn |
| Price vs our value range | — | — |
| Moat score | — | 25 (Weak) |
| Insider trades, 12 months | 0 buys, 10 sales | 0 buys, 25 sales |