Blaize Holdings, Inc. (BZAI)

Blaize Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Net Income	-210.3	-61.2	-87.59	-104.63
Depreciation & Amortization	1.21	0.89	2.04	2.75
Other Amortization	0.46	0.46	3.15	-
Stock-Based Compensation	3.85	3.85	2.48	1.25
Provision & Write-off of Bad Debts	0.57	0.57	0.42	-
Other Operating Activities	142.53	15.25	48.16	58.49
Change in Accounts Receivable	-0.15	-0.15	1	-1.89
Change in Inventory	-2.04	-2.04	-2.19	-0.91
Change in Accounts Payable	10.99	10.99	9.5	4.42
Change in Income Taxes	2.11	2.11	-0.59	0.2
Change in Other Net Operating Assets	-24.26	-24.26	-4.34	0.09
Operating Cash Flow	-75.03	-53.53	-27.96	-40.22
Capital Expenditures	-0.44	-0.9	-0.22	-0.49
Investing Cash Flow	-0.44	-0.9	-0.22	-0.49
Short-Term Debt Issued	-	-	4.93	-
Long-Term Debt Issued	-	110.72	21.73	33.77
Total Debt Issued	-	110.72	26.65	33.77
Short-Term Debt Repaid	-	-4.75	-0.18	-
Total Debt Repaid	-0.11	-4.75	-0.18	-
Net Debt Issued (Repaid)	-0.11	105.97	26.47	33.77
Issuance of Common Stock	20.06	0.1	0	0.13
Other Financing Activities	11.16	-4.36	-	-0.08
Financing Cash Flow	31.1	101.71	26.48	39.09
Net Cash Flow	-44.38	47.28	-1.7	-1.63
Free Cash Flow	-75.48	-54.43	-28.18	-40.72
Free Cash Flow Margin	-508.03%	-3502.83%	-730.68%	-1060.01%
Free Cash Flow Per Share	-0.95	-3.12	-6.69	-28.18
Cash Interest Paid	0.25	0.25	0	-
Cash Income Tax Paid	0.22	0.22	-	0.45
Levered Free Cash Flow	-25.37	-28.23	-34.44	-
Unlevered Free Cash Flow	-25.83	-28.4	-13.22	-
Change in Working Capital	-13.35	-13.35	3.38	1.92

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q