Filing Flows › Blaize Holdings (BZAI) › Q2 2025
Blaize Holdings (BZAI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Blaize Holdings (BZAI) reported revenue of $2.0M for the second quarter 2025 (Q2 2025), +789% from a year earlier and +97% from the quarter before.
Blaize Holdings, Q2 2025: revenue $2.0M (+789% year over year), net loss $29.6M, operating cash flow −$16.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0M | +97% | +789% |
| Operating profit | −$21.9M | — | — |
| Net earnings | −$29.6M | — | — |
| Operating cash flow | −$16.4M | — | — |
What changed
Revenue was $2.0M in Q2 2025, up 789% year over year and up 97% from the previous quarter. Hardware Revenue Related Party was the largest line at 69% of revenue. Hardware Service added $55K year over year (up 2750%), 3% of the total change.
Gross margin was 59.4%. Operating costs exceeded revenue by $21.9M, an operating margin of -1104.1%. The fastest-growing cost line was SG&A (+160%). The quarter ended with a net loss of $29.6M, narrower than the previous quarter's $147.8M loss.
Operating cash flow was −$16.4M. Non-cash charges added back $456K of depreciation and amortization and $7.6M of share-based compensation. Working capital and other items added $5.1M. Capital expenditures of $20K exceeded it, leaving free cash flow of −$16.4M.
Questions
What was Blaize Holdings' revenue in the second quarter 2025?
Blaize Holdings (BZAI) reported revenue of $2.0M for the second quarter 2025 (Q2 2025), +789% from a year earlier and +97% from the quarter before.
Source: Blaize Holdings 10-Q on SEC EDGAR.