Filing Flows › Blaize Holdings (BZAI) › Q1 2026 › vs Q4 2025
Blaize Holdings (BZAI) Q1 2026 vs Q4 2025 (quarter over quarter)
Blaize Holdings's revenue fell $21.0M (-88%) from $23.8M in Q4 2025 to $2.7M in Q1 2026.
Blaize Holdings, Q1 2026: revenue $2.7M (+172% year over year), operating margin -854.2%, net loss $22.7M, operating cash flow −$12.6M. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $2.7M | $23.8M | −$21.0M | -88% |
| Other income, net | $834K | $18.1M | −$17.2M | -95% |
| Net loss | $22.7M | $3.3M | $19.4M | +587% |
| Costs & expenses | $26.2M | $45.1M | −$18.9M | -42% |
| Operating costs | $26.1M | $45.1M | −$19.0M | -42% |
| Income tax | $99K | −$5K | $104K | — |
| Cost of revenue | $1.2M | $21.2M | −$20.1M | -95% |
| Research & development | $9.7M | $10.1M | −$441K | -4% |
| Other operating costs | $15.3M | $13.8M | $1.5M | +11% |
| Operating cash sources | $22.7M | $3.3M | $19.4M | +587% |
| Share-based compensation | $8.9M | $9.5M | −$506K | -5% |
| Working capital & other | $1.1M | −$22.6M | $23.7M | — |
| Cash used in operations | $12.6M | $16.5M | −$3.8M | -23% |
| Net loss absorbed | $22.7M | $3.3M | $19.4M | +587% |
Questions
How much did Blaize Holdings's revenue grow quarter over quarter in Q1 2026?
Blaize Holdings's revenue fell $21.0M (-88%) from $23.8M in Q4 2025 to $2.7M in Q1 2026.