LZ Technology Holdings (LZMH) Cash Flow: Operating & Free Cash Flow

LZ Technology Holdings Cash Flow Statement Analysis

Values in millions CNY

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for LZ Technology Holdings Limited (LZMH) - Annual data in millions CNY
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Operating Activities
Net Income	-173.27	5.78	-6.37	-14.80	-48.46
Depreciation & Amortization	9.54	8.71	10.13	10.01	4.22
Deferred Income Tax	-0.40	-1.68	2.30	0.00	0.00
Stock Based Compensation	111.11	0.00	0.00	0.00	0.00
Change in Working Capital	-2.17	-9.64	-24.29	12.04	-1.94
Change in Accounts Receivable	-33.41	-33.32	-147.28	-11.60	-44.26
Change in Inventory	-3.20	5.39	0.00	2.59	0.00
Change in Accounts Payable	14.82	18.78	127.49	19.63	31.45
Change in Other Working Capital	19.62	3.07	-4.79	-0.22	25.37
Other Operating Activities	13.99	-0.18	1.38	-4.50	0.71
Net Cash from Operating Activities	-41.20	4.67	-16.84	2.49	-45.48
Investing Activities
Capital Expenditures	-0.58	-0.35	-0.11	-6.21	-27.38
Acquisitions	-0.11	0.00	1.88	-1.33	0.00
Purchases of Investments	-5.00	0.00	0.00	0.99	0.00
Sales/Maturities of Investments	0.00	0.00	0.00	0.99	0.00
Other Investing Activities	-19.87	-1.08	-25.02	20.14	-26.89
Net Cash from Investing Activities	-25.55	-1.42	-23.25	13.59	-54.27
Financing Activities
Debt Repayment	29.13	-21.14	-37.17	-62.70	-51.78
Common Stock Issued	60.24	0.00	47.71	21.26	9.73
Other Financing Activities	-2.91	-2.02	-3.55	-0.66	-0.17
Net Cash from Financing Activities	86.47	-9.87	43.88	-14.23	101.72
Summary
Effect of Forex Changes on Cash	-0.39	0.00	0.00	0.00	0.00
Net Change in Cash	19.32	-6.63	3.79	1.85	1.97
Cash at Beginning of Period	4.15	10.78	6.98	5.13	3.16
Cash at End of Period	23.47	4.15	10.78	6.98	5.13
Free Cash Flow	-41.78	4.32	-16.96	-3.73	-72.85
Supplemental Disclosures
Interest Paid	-	0.72	0.34	0.06	0.78
Income Taxes Paid	-	0.23	0.02	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Dec 31, 2025. Data sources and methodology

Frequently Asked Questions About LZ Technology Holdings Cash Flow

What is LZ Technology Holdings's free cash flow?

LZ Technology Holdings had negative free cash flow of CNY 41.78M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −CNY 41.20M minus CNY 580.00K of capital expenditures.

How much does LZ Technology Holdings spend on capital expenditures?

LZ Technology Holdings spent CNY 580.00K on capital expenditures in fiscal 2025, compared with CNY 347.00K a year earlier.

Does LZ Technology Holdings pay dividends or buy back shares?

LZ Technology Holdings's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition