Blaize Holdings, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-28.8M | $-22.7M | $-26.3M | $-29.6M | $-147.8M | $-25.6M | $-12.2M | $-16.7M |
| Depreciation & Amortization | — | — | $364.0K | $456.0K | $191.0K | $251.0K | $184.0K | $253.0K |
| Depreciation | $219.0K | $186.0K | — | $456.0K | $191.0K | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | $9.5M | $7.6M | $11.0M | $359.0K | $346.0K | $337.0K |
| Net Cash from Operating Activities | $-28.7M | $-12.6M | $-24.9M | $-16.4M | $-15.9M | $-14.2M | $-14.3M | $-7.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $523.0K | $116.0K | $26.0K | $20.0K | $661.0K | $1.1M | $-96.0K | $177.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $-116.0K | — | — | $-661.0K | — | — | $-177.0K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | $58.0K | — | — | $11.3M | — | — | $11.4M |
| Net Change in Cash | — | — | — | — | $-5.3M | — | — | $3.8M |
| Free Cash Flow | $-29.2M | $-12.7M | $-24.9M | $-16.4M | $-16.6M | $-15.2M | $-14.2M | $-7.5M |