Blaize Holdings, Inc. BZAI NASDAQ

NASDAQ Global Market • Technology • Semiconductors • US • USD

SharesGrow Score

54/100

3/7 Pass

SharesGrow Intrinsic Value

N/A

Negative cash flow

Income Statement Balance Sheet Cash Flow Statement

Annual Quarterly

Blaize Holdings, Inc. (BZAI) generated $-81.41M in operating cash flow for fiscal year 2025. After capital expenditures of $788K, free cash flow was $-82.2M.

Free cash flow margin was -212.8% of revenue. Cash conversion ratio was 0.39x, suggesting some earnings are non-cash.

Criteria supported by this page:

HEALTH (100/100, Pass) — demonstrate the company can comfortably service its debt
MOAT (7/100, Fail) — limited free cash flow weakens the competitive position
INCOME (10/100) — Cash conversion ratio was 0.39x suggests some earnings are non-cash items

Overall SharesGrow Score: 54/100 with 3/7 criteria passed.

SharesGrow 7-Criteria Score

54/100

SG Score

View full scorecard →

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VALUE

100/100

Price-to-Earnings & upside

→ Valuation

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FUTURE

100/100

Analyst consensus

→ Forecast

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PAST

0/100

→ Income

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HEALTH

100/100

Debt-to-Equity & liquidity

Proven by this page

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MOAT

7/100

Proven by this page

GROWTH

58/100

→ Income

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INCOME

10/100

→ Income

Blaize Holdings, Inc. Cash Flow History

Metric	TTM	FY2025	FY2024	FY2023	FY2022
Operating Cash Flow	$-77.08M	$-81.41M	$-2.77M	$-2.34M	$-40.22M
Capital Expenditure	$-788K	$-788K	$0.00	$-220K	$-493K
Free Cash Flow	$-77.87M	$-82.2M	$-2.77M	$-2.34M	$-40.72M