Filing Flows › Blaize Holdings (BZAI) › Q1 2025
Blaize Holdings (BZAI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Blaize Holdings (BZAI) reported revenue of $1.0M for the first quarter 2025 (Q1 2025), +83% from a year earlier and up 1,007-fold from the quarter before.
Blaize Holdings, Q1 2025: revenue $1.0M (+83% year over year), net loss $148M, operating cash flow −$15.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0M | 1,007× | +83% |
| Operating profit | −$38.0M | — | — |
| Net earnings | −$148M | — | — |
| Operating cash flow | −$15.9M | — | — |
What changed
Revenue was $1.0M in Q1 2025, up 83% year over year and up 100600% from the previous quarter.
Gross margin was 67.5%. Operating costs exceeded revenue by $38.0M, an operating margin of -3775.7%. The fastest-growing cost line was Other operating costs (+4003%). The quarter ended with a net loss of $147.8M, wider than the previous quarter's $2.6M loss. Net interest and other expense of $109.6M was the main reason.
Operating cash flow was −$15.9M. Non-cash charges added back $191K of depreciation and amortization and $11.0M of share-based compensation. Working capital and other items added $120.6M. Capital expenditures of $661K exceeded it, leaving free cash flow of −$16.6M.
Questions
What was Blaize Holdings' revenue in the first quarter 2025?
Blaize Holdings (BZAI) reported revenue of $1.0M for the first quarter 2025 (Q1 2025), +83% from a year earlier and up 1,007-fold from the quarter before.
Source: Blaize Holdings 10-Q on SEC EDGAR.