Blaize Holdings (BZAI) Operating Expenses (2022 - 2025)

Blaize Holdings recorded quarterly Operating Expenses of $80.6 million in Q4 2025, up 230.85% quarter-over-quarter from $24.4 million in Q3 2025, and up 361.73% year-over-year from $17.5 million in Q4 2024.

Blaize Holdings' Operating Expenses history runs 4 years deep, the most recent figure standing at $80.6 million for Q4 2025.

  • In Q4 2025, Operating Expenses rose 361.73% year-over-year to $80.6 million; the TTM figure through Dec 2025 stood at $146.4 million (up 242.44% YoY), while the FY2025 annual figure 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.
  • A 4-year average of $12.1 million and a median of $1.7 million in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses soared 59.27% in 2023 and surged 2142.65% in 2024, its largest moves.
  • Blaize Holdings' Operating Expenses stood at $725069.0 in 2022, then jumped by 59.27% to $1.2 million in 2023, then surged by 1411.55% to $17.5 million in 2024, then surged by 361.73% to $80.6 million in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods registered $80.6 million, $24.4 million, and $23.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 253.17 Bn 235.20 Bn 8.16 Bn -7.98 Bn
2 Salesforce 171.07 Bn 161.50 Bn 8.69 Bn 6.82 Bn
3 Uber Technologies 151.10 Bn 150.06 Bn 11.88 Bn 11.28 Bn
4 Shopify 134.25 Bn 128.50 Bn 1.55 Bn 1.16 Bn
5 ServiceNow 105.72 Bn 100.54 Bn 2.83 Bn 2.33 Bn
6 Cadence Design Systems 101.64 Bn 100.23 Bn 1.26 Bn 1.04 Bn
7 Adobe 100.35 Bn 93.46 Bn 5.73 Bn 3.32 Bn
8 Automatic Data Processing 90.91 Bn 87.68 Bn 2.87 Bn 4.23 Bn
9 Intuit 88.30 Bn 81.52 Bn 6.77 Bn 4.54 Bn
10 Blaize Holdings 153.28 Mn 153.28 Mn 2.56 Mn 80.60 Mn

Historic Data

Download Data 🔒
DateValue
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