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

Blaize Holdings' (BZAIW) 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 (BZAIW) 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 257.53 Bn 239.56 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 171.61 Bn 169.06 Bn - -269.42 Mn
3 Salesforce 152.15 Bn 140.31 Bn 8.56 Bn 6.22 Bn
4 Uber Technologies 144.45 Bn 143.41 Bn 11.88 Bn 11.28 Bn
5 Shopify 144.09 Bn 138.34 Bn 1.55 Bn 1.16 Bn
6 ServiceNow 110.55 Bn 105.37 Bn 2.83 Bn 2.33 Bn
7 Cadence Design Systems 106.32 Bn 104.91 Bn 1.26 Bn 1.04 Bn
8 Adobe 97.77 Bn 90.88 Bn 5.73 Bn 3.32 Bn
9 Automatic Data Processing 93.39 Bn 90.16 Bn 2.87 Bn 4.23 Bn
10 Blaize Holdings - - 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