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 $-19.79M in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $81K, free cash flow was $-19.87M.

Free cash flow margin was -83.6% of revenue. Cash conversion ratio was 6x, indicating earnings are backed by 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 6x confirms earnings are backed by real cash flow

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

✗

PAST

0/100

→ Income

✓

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	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025
Operating Cash Flow	$-77.08M	$-19.79M	$-24.92M	$-16.43M	$-15.94M
Capital Expenditure	$-788K	$-81K	$-26K	$-20K	$-661K
Free Cash Flow	$-77.87M	$-19.87M	$-24.94M	$-16.45M	$-16.61M