Blaize Holdings, Inc. (BZAI)

Blaize Holdings Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Net Income	-59.14	-206.9	-61.2	1.34	1.67
Depreciation & Amortization	1	1.2	0.89	-	-
Stock-Based Compensation	26.51	37.55	3.85	-	-
Other Adjustments	-5.79	108.56	16.13	-5.75	-3.99
Change in Receivables	-27.33	-37.2	0	-	-
Changes in Accounts Payable	14.33	15.34	10.66	-	-
Changes in Accrued Expenses	0.09	-	-	1.62	-0.23
Changes in Income Taxes Payable	-0.19	-	-	0.27	0.98
Changes in Other Operating Activities	-0.74	7.71	-23.87	0.19	0.19
Operating Cash Flow	-70.44	-73.75	-53.53	-2.34	-1.37
Capital Expenditures	-0.24	-0.79	-0.9	-	-
Other Investing Activities	-	-	-	230.12	-
Investing Cash Flow	-0.24	-0.79	-0.9	230.12	-
Short-Term Debt Repaid	-	-	-4.75	-	-
Net Short-Term Debt Issued (Repaid)	-	-	-4.75	-	-
Long-Term Debt Issued	-	-	110.72	0.81	-
Long-Term Debt Repaid	-	-	-	-	-0.14
Net Long-Term Debt Issued (Repaid)	-	-	110.72	0.81	-0.14
Issuance of Common Stock	41.53	77.37	0.1	-	-
Repurchase of Common Stock	-	-	-	-227.78	-
Net Common Stock Issued (Repurchased)	41.53	77.37	0.1	-227.78	-
Other Financing Activities	-3.18	-7.27	-4.36	-	-
Financing Cash Flow	58.82	70.1	101.71	-226.97	-0.14
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.12	-	-	-	-
Net Cash Flow	-11.74	-4.44	47.28	0.82	-1.52
Free Cash Flow	-70.68	-74.54	-54.43	-2.34	-1.37
FCF Margin	-175.11%	-192.95%	-3502.83%	-	-
Free Cash Flow Per Share	-0.62	-0.71	-3.11	-0.55	-0.95
Levered Free Cash Flow	-67.54	-183.45	31.55	4.23	2.47
Unlevered Free Cash Flow	-75.12	-80.49	-60.13	2.08	0.94

Updated May 14, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q