Blaize Holdings vs Valens Semiconductor
Valens Semiconductor is the larger business, with $70.6m of revenue in fiscal 2025 against $38.6m for Blaize Holdings (1.8 times as much). Blaize Holdings grew faster (2386.0% against 22.1%). Valens Semiconductor kept more of each dollar of sales as profit: a net margin of -44.7% against -535.6%. Blaize Holdings carries less debt relative to equity (0.0% against 0.1%).
| Latest fiscal year | Blaize HoldingsBZAI, 2025 | Valens SemiconductorVLN, 2025 |
|---|---|---|
| Revenue | $38.6m | $70.6m |
| Revenue growth | 2386.0% | 22.1% |
| Net income | −$207m | −$31.6m |
| Operating margin | -268.8% | -48.2% |
| Net margin | -535.6% | -44.7% |
| Return on equity | — | -25.5% |
| Free cash flow | −$74.5m | −$13.8m |
| Cash | $45.8m | $27.9m |
| Total debt | $0 | $67,000 |
| Debt to equity | 0.0% | 0.1% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $24.0m |
| Employees | 254 | — |
| Market value | $29.5m | $153m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 10 sales | 0 buys, 33 sales |