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| Date | Value |
|---|---|
| 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 |