Blaize Holdings, Inc. income statement
In fiscal 2025, Blaize Holdings, Inc. reported revenue of $38.6m, up 2386.0% on the year before, operating income of −$104m (a -268.8% margin) and net income of −$207m, or −$1.98 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|
| Revenue | 2 | 39 | 50 |
| Cost of revenue | 1 | 32 | 44 |
| Gross profit | 1 | 6 | 7 |
| Research and development | 25 | 43 | 40 |
| Operating income | −48 | −104 | −98 |
| Income before tax | −62 | −207 | −81 |
| Income tax | −1 | 0 | 0 |
| Net income | −61 | −207 | −81 |
| Diluted EPS | −$3.50 | −$1.98 | −$0.68 |
| Diluted shares (average) | 17m | 104m | 119m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 0 | 1 | 2 | 12 | 24 | 3 | 12 |
| Cost of revenue | 0 | −0 | 0 | 1 | 10 | 21 | 1 | 11 |
| Gross profit | 0 | 0 | 1 | 1 | 2 | 3 | 2 | 1 |
| Research and development | 6 | 9 | 13 | 10 | 10 | 10 | 10 | 10 |
| Selling, general and administrative | 6 | — | 13 | 13 | 14 | — | — | — |
| Operating income | −11 | −17 | −38 | −22 | −23 | −21 | −23 | −31 |
| Net interest income | 1 | — | 0 | 0 | 1 | — | — | — |
| Income before tax | −26 | −8 | −148 | −30 | −26 | −3 | −23 | −29 |
| Income tax | 0 | −1 | 0 | 0 | 0 | −0 | 0 | 0 |
| Net income | −26 | −7 | −148 | −30 | −26 | −3 | −23 | −29 |
| Diluted EPS | −$1.47 | −$0.38 | −$1.61 | −$0.28 | −$0.25 | $0.05 | −$0.19 | −$0.21 |
| EBITDA | −11 | — | −38 | −21 | −22 | — | — | — |
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