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Blaize Holdings, Inc. cash flow statement

In fiscal 2025, Blaize Holdings, Inc.'s operations generated −$73.8m of cash; it spent $788,000 on capital projects, leaving free cash flow of −$74.5m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2024Dec 20242025Dec 2025LTMJun 2026
Cash from operations−54−74−83
Stock-based pay43837
Capital spending111
Free cash flow−54−75−83
Free cash flow after stock pay−58−112−120
Shares issued033—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Blaize Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Blaize Holdings, Inc.