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| 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 |