Blaize Holdings (BZAI) Operating Expenses (2022 - 2025)
Blaize Holdings' (BZAI) quarterly Operating Expenses came in at $80.6 million in Q4 2025, up 361.73% year-on-year from $17.5 million in Q4 2024, and up 230.85% quarter-over-quarter from $24.4 million in Q3 2025.
Blaize Holdings (BZAI) Operating Expenses (2022 - 2025) Analysis & Trends
Blaize Holdings has disclosed Operating Expenses across 4 years of filings, most recently posting $80.6 million for Q4 2025.
- Operating Expenses for Q4 2025 came in at $80.6 million, up 361.73% year-over-year; the trailing twelve-month figure through Dec 2025 was $146.4 million (up 242.44% YoY), and the FY2025 annual result was $110.0 million, up 126.36% from the prior year.
- Operating Expenses came in at $80.6 million for Q4 2025 at Blaize Holdings, up from $24.4 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.
- The 4-year median for Operating Expenses is $1.7 million (2023), against an average of $12.1 million.
- Across the five-year window, Operating Expenses surged 59.27% in 2023 and jumped 2142.65% in 2024, its largest moves.
- Blaize Holdings' Operating Expenses stood at $725069.0 in 2022, then soared by 59.27% to $1.2 million in 2023, then jumped by 1411.55% to $17.5 million in 2024, then jumped by 361.73% to $80.6 million in 2025.
- The last three Operating Expenses figures came in at $80.6 million (Q4 2025), $24.4 million (Q3 2025), and $23.9 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -269.42 Mn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 11.28 Bn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 1.16 Bn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 6.22 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 1.04 Bn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 2.33 Bn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 4.23 Bn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 3.67 Bn |
| 10 | Blaize Holdings | 163.19 Mn | 163.19 Mn | 2.56 Mn | 80.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 80.60 Mn |
| Sep 30, 2025 | 24.36 Mn |
| Jun 30, 2025 | 23.87 Mn |
| Mar 31, 2025 | 17.62 Mn |
| Dec 31, 2024 | 17.46 Mn |
| Sep 30, 2024 | 11.67 Mn |
| Jun 30, 2024 | 11.36 Mn |
| Mar 31, 2024 | 2.28 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 |