Blaize Holdings (BZAI) Operating Expenses (2022 - 2026)

Blaize Holdings (BZAI) reported Operating Expenses of $25.0 million for Q1 2026, down 35.5% on a YoY basis from $38.7 million in Q1 2025, and down 69.03% sequentially from $80.6 million in Q4 2025.

Blaize Holdings (BZAI) Operating Expenses (2022 - 2026) Analysis & Trends

Blaize Holdings (BZAI) has 5 years of Operating Expenses data on file, last reported at $25.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 35.5% year-over-year to $25.0 million; the trailing twelve-month figure through Mar 2026 stood at $117.4 million (up 66.57% YoY), and the FY2025 full-year result was $110.0 million, up 126.36% from the prior year.
  • Operating Expenses retreated to $25.0 million in Q1 2026, from $80.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $80.6 million in Q4 2025 to a low of $126307.0 in Q1 2022.
  • A 5-year average of $11.8 million and a median of $3.0 million in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses jumped 2142.65% in 2024 and sank 42.33% in 2025, its largest moves.
  • Tracing BZAI's Operating Expenses over 5 years: stood at $725069.0 in 2022, then surged by 59.27% to $1.2 million in 2023, then soared by 1411.55% to $17.5 million in 2024, then soared by 361.73% to $80.6 million in 2025, then slumped by 69.03% to $25.0 million in 2026.
  • Business Quant data shows BZAI's Operating Expenses at $25.0 million in Q1 2026, $80.6 million in Q4 2025, and $5.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -269.42 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 1.16 Bn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 11.28 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 6.22 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 2.66 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 4.23 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 1.25 Bn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 1.04 Bn
10 Blaize Holdings 121.16 Mn 87.94 Mn 1.58 Mn 24.96 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 24.96 Mn
Dec 31, 2025 80.60 Mn
Sep 30, 2025 5.27 Mn
Jun 30, 2025 6.55 Mn
Mar 31, 2025 38.70 Mn
Dec 31, 2024 17.46 Mn
Sep 30, 2024 2.95 Mn
Jun 30, 2024 11.36 Mn
Mar 31, 2024 8.69 Mn
Dec 31, 2023 1.15 Mn
Sep 30, 2023 677,703.00
Jun 30, 2023 506,455.00
Mar 31, 2023 701,539.00
Dec 31, 2022 725,069.00
Sep 30, 2022 280,519.00
Jun 30, 2022 220,049.00
Mar 31, 2022 126,307.00