BZAI · Blaize Holdings, Inc.
Substantial doubt about the company's ability to continue as a going concern.
“management has determined that the Company's liquidity condition raises substantial doubt about its ability to continue as a going concern through one year from the date that these condensed consolidated financial statements have been issued.”View the 10-Q filed Aug 13, 2026
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 13, 2026TL;DR. Blaze cut its 2026 revenue outlook to $40–43 million (from $130 million) and now guides to a $62–65 million adjusted EBITDA loss, after pilots failed to convert, customers deferred orders, and memory pricing drove costs higher; gross margin guidance for the second half was lowered to 17%–19%. Offsetting that, the company signed a $70 million server agreement of which about $20 million is expected to convert in 2026 and approximately $50 million is contracted backlog entering 2027.
- + Opened Europe with a first purchase order for several thousand units and expanded Asia-Pacific activity
- + Ended Q2 with $36.8 million in cash, up $3.6 million from Q1 after a $32.8 million equity raise
- + CFO indicated 2027 revenue could be 2.5x–3x the 2026 exit run rate
- − Cut 2026 revenue outlook to $40–43 million from a prior $130 million
- − Worsened full-year 2026 adjusted EBITDA loss guidance to $62–65 million
- − Fully reserved the Starshine receivable, took a $7.1 million provision, and halted further engagement pending payment
- − Multiple commercial opportunities slipped: failed conversions, longer customer qualification cycles, longer government procurement timelines, and a Middle East smart-city deal pushed to an extended field trial
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | -$20.86M | the three months ended June 30, 2026 filing | — |
| Adjusted EBITDA loss non-GAAP | $34.8M | First Six Months of 2026 | — |
| EBITDA non-GAAP | -$28.51M | the three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net loss -28.81M
+219K Depreciation
+268K Provision for income taxes
-183K Interest income, net
= EBITDA -28.51M
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Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Software - Application — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
BZAI
this stock
Blaize Holdings, Inc.
|
$68.94M | -75.4% | +2386.0% | — | 11.9% |
|
QH
QUHUO Ltd
|
$350.35B | +240.7% | +59.7% | — | 0.0% |
|
SAP
Sap SE
|
$243.17B | -14.1% | — | — | 0.4% |
|
CRM
Salesforce, Inc.
|
$191.79B | -11.4% | +25.9% | 21.3 | 3.9% |
|
SHOP
Shopify Inc.
|
$183.03B | -6.0% | +30.1% | 95.5 | 1.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| BZAI | -6.6% | -4.2% | -74.9% | +0.7% | -75.4% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -6.4% | -3.7% | -87.1% | -0.3% | -88.2% |