Blaize Holdings, Inc.

BZAINASDAQTechnology● Active

$1.72

+$0.06(+3.31%)

Market Cap$191752205

P/E Ratio—

52W High$6.76

52W Low$1

Avg Volume10.1M

Open$1.69

Beta0.05

Free Cash Flow Financials Revenue

Blaize Holdings, Inc. (BZAI) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BZAI · free cash flow · updated Jun 8, 2026

Core FCF metrics

BZAI · FCF · TTM · margin & CAGR

Free cash flow was −$82.2M for FY2025 (fiscal year ending 2025-12-31), down 51.0% year-over-year The FCF margin was -212.8%.

FY2025 Free Cash Flow−$82.2M▼ -51.0% YoY

Trailing 12M (TTM)−$74.0Mtrailing 4 quarters sum

FCF Margin-212.8%−$82.2M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

BZAI · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$81.4M(1M)−$82.2M▼ 51.0%-212.8%

FY2024−$53.5M(1M)−$54.4M▼ 2230.9%—

FY2023−$2.3M(0M)−$2.3M▲ +94.3%-60.6%

FY2022−$40.2M(0M)−$40.7M▼ 40705.4%—

FY2021$100,269(0M)$100,270——

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

BZAI · P/FCF · FCF yield · FCF per share

Blaize Holdings, Inc. (BZAI) reported negative free cash flow of −$0.08B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

BZAI · cash flow statement · operating / investing / financing

For FY2025, Blaize Holdings, Inc. generated −$81.4M in operating cash flow and spent 1M in capital expenditures, yielding −$82.2M in free cash flow.

Operating Activities

−$81.4M

Cash from core business operations

2025-12-31

Investing Activities

−$0.8M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$77.8M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$81.4M) − |CapEx| (1M) = FCF (−$82.2M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

BZAI vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Blaize Holdings, Inc.YOU

BZAI

−$82.2M-51.0%-212.8%

Loss

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Blaize Holdings, Inc. (BZAI) reported free cash flow of −$82.2M for FY2025 (fiscal year ending 2025-12-31), down 51.0% year-over-year. The FCF margin was -212.8%.

Based on available data, Blaize Holdings, Inc. has maintained positive free cash flow for at least 1 fiscal year(s). FCF peaked at $100,270 in FY2021.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

BZAI free cash flow · 8 questions

Blaize Holdings, Inc. free cash flow was −$82.2M for FY2025, down 51.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$74.0M.

BZAI free cash flowBZAI FCFBZAI FCF 2025BZAI free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Blaize Holdings, Inc. · Blaize Holdings, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026