Backblaze, Inc. Financial Summary

Complete Filing Data

Backblaze, Inc. reported Stockholders Equity of $83.22 million for FY2025.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Backblaze, Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Selling And Marketing Expense$37.4M$44.4M$41.3M$35.4M$19.7M$11.9M
Revenue From Contract With Customer Excluding Assessed Tax$145.8M$127.6M$102.0M$85.2M$67.5M$53.8M
Research And Development Expense$46.1M$42.1M$39.5M$33.1M$20.5M$13.1M
Operating Income Loss-$23.6M-$46.3M-$57.9M-$48.1M-$18.8M-$3.7M
Operating Expenses$112.4M$115.6M$107.8M$92.0M$53.1M$31.7M
Net Income Loss-$25.6M-$48.5M-$59.7M-$51.4M-$21.7M-$6.6M
Income Tax Expense Benefit$84.0K$6.0K$0.00-$39.0K$96.0K$5.0K
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest-$25.5M-$48.5M-$59.7M-$51.4M-$21.6M-$6.6M
Gross Profit$88.8M$69.3M$49.9M$43.9M$34.3M$28.0M
General And Administrative Expense$28.9M$29.1M$27.0M$23.5M$12.9M$6.7M
Cost Of Revenue$57.0M$58.3M$52.2M$41.3M$33.1M$25.8M
Interest Expense$3.8M$4.3M$3.7M$2.9M
Income Taxes Paid$54.0K$59.0K$31.0K$14.0K$11.0K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q3 2020
Selling And Marketing Expense$9.0M$10.2M$9.3M$11.7M$11.0M$10.0M$10.7M$9.9M$10.6M$9.7M$8.4M$8.0M$5.0M$4.3M$3.8M$3.0M
Revenue From Contract With Customer Excluding Assessed Tax$37.2M$36.3M$34.6M$32.6M$31.3M$30.0M$25.3M$24.6M$23.4M$22.1M$20.7M$19.5M$17.3M$16.2M$15.3M$13.8M
Research And Development Expense$11.2M$11.9M$11.9M$10.7M$9.6M$9.7M$9.6M$9.9M$10.5M$8.2M$8.4M$7.9M$5.3M$4.7M$4.3M$3.3M
Operating Income Loss-$3.3M-$6.7M-$8.9M-$12.2M-$9.8M-$10.5M-$15.6M-$13.9M-$16.8M-$12.1M-$10.8M-$11.7M-$4.7M-$3.7M-$2.8M-$1.1M
Operating Expenses$26.4M$29.8M$28.2M$30.0M$27.0M$26.3M$27.3M$26.0M$27.8M$23.3M$22.0M$21.5M$13.5M$12.0M$10.3M$7.8M
Net Income Loss-$3.8M-$7.1M-$9.3M-$12.8M-$10.3M-$11.1M-$16.1M-$14.3M-$17.1M-$12.8M-$11.6M-$12.5M-$6.0M-$2.4M-$3.7M-$1.9M
Income Tax Expense Benefit$0.00$0.00$84.0K$0.00$0.00$6.0K$0.00$0.00$0.00$0.00-$37.0K-$32.0K$0.00$136.0K$0.00$12.0K
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest-$3.8M-$7.1M-$9.2M-$12.8M-$10.3M-$11.0M-$16.1M-$14.3M-$17.1M-$12.8M-$11.6M-$12.6M-$6.0M-$2.3M-$3.7M-$1.8M
Gross Profit$23.1M$23.0M$19.3M$17.8M$17.2M$15.8M$11.8M$12.1M$11.0M$11.2M$11.1M$9.8M$8.8M$8.2M$7.5M$6.7M
General And Administrative Expense$6.2M$7.7M$7.1M$7.5M$6.5M$6.6M$6.9M$6.2M$6.7M$5.4M$5.2M$5.5M$3.1M$2.9M$2.3M$1.5M
Cost Of Revenue$14.1M$13.3M$15.4M$14.8M$14.1M$14.2M$13.5M$12.5M$12.4M$10.8M$9.6M$9.7M$8.5M$7.9M$7.8M$7.1M
Interest Expense$921.0K$936.0K$942.0K$923.0K$950.0K$913.0K$948.0K$968.0K$847.0K$871.0K$793.0K
Income Taxes Paid$2.0K$2.0K$26.0K$0.00

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Stockholders Equity$83.2M$77.6M$44.9M$68.7M$95.5M-$6.8M-$2.6M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$29.2M$45.8M$16.6M$11.2M$105.0M$6.1M$7.0M
Retained Earnings Accumulated Deficit-$221.6M-$196.0M-$147.5M-$87.7M-$36.3M-$14.6M-$8.0M
Principal Payments On Capital Lease And Lease Financing Obligations$18.2M$19.5M$19.5M$16.5M$12.2M$10.9M
Other Assets Noncurrent$5.3M$2.2M$944.0K$793.0K$1.8M$809.0K$866.0K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect-$16.6M$29.1M$5.5M-$93.8M$98.9M-$902.0K
Cash And Cash Equivalents At Carrying Value$29.2M$45.8M$12.5M$6.7M$104.8M$6.1M
Restricted Cash Noncurrent$0.00$0.00$4.1M$4.3M$0.00
Liabilities Current$61.6M$59.8M$57.1M$56.3M$45.1M$36.4M
Liabilities And Stockholders Equity$191.8M$168.6M$131.7M$152.5M$163.6M$54.5M
Liabilities$108.6M$90.9M$86.7M$83.7M$68.1M$58.5M
Contract With Customer Liability Current$30.5M$30.4M$26.0M$22.9M$21.7M$17.6M
Assets Current$65.7M$65.7M$38.5M$74.4M$111.1M$9.2M
Assets$191.8M$168.6M$131.7M$152.5M$163.6M$54.5M
Accounts Receivable Net Current$3.5M$1.8M$800.0K$856.0K$309.0K$209.0K
Operating Lease Right Of Use Asset$22.7M$15.9M$10.0M$6.9M$0.00
Contract With Customer Liability Noncurrent$4.1M$2.6M$3.1M$1.8M
Operating Lease Right Of Use Asset Amortization Expense$4.9M$2.7M$2.4M$2.5M$0.00
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization$57.3M$42.9M$45.6M$49.4M$43.1M
Operating Lease Liability Current$5.3M$4.0M$1.9M$2.1M$0.00
Gain Loss On Disposition Of Assets1$292.0K-$37.0K$4.0K-$42.0K
Prepaid Expense And Other Assets Current$8.4M$8.1M$5.9M$2.9M$2.3M
Operating Lease Liability Noncurrent$20.2M$12.8M$8.2M$5.0M$0.00
Accrued Liabilities And Other Liabilities Current$9.4M$7.6M$8.8M$9.4M$7.6M$3.6M
Accounts Payable Current$1.6M$1.5M$2.0M$3.3M$2.1M$1.7M
Temporary Equity Carrying Amount Attributable To Parent$0.00$2.8M$2.8M
Short Term Investments$9.1M$16.8M$58.7M$0.00
Right Of Use Asset Obtained In Exchange For Operating Lease Liability$9.2M$5.4M$4.1M$0.00
Right Of Use Asset Obtained In Exchange For Finance Lease Liability$17.1M$13.1M$17.0M$16.5M
Operating Lease Payments$4.0M$2.8M$2.8M$0.00
Long Term Debt Excluding Current Maturities And Convertible Debt$0.00$4.1M$4.3M$0.00$1.6M
Accretion Amortization Of Discounts And Premiums Investments-$64.0K-$417.0K$863.0K$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q3 2020Q2 2020
Stockholders Equity$82.8M$79.6M$77.8M$42.8M$45.1M$47.5M$47.4M$54.2M$60.6M$76.5M$83.0M$87.6M-$14.9M-$10.5M-$9.4M-$4.1M-$2.8M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$29.1M$32.2M$40.6M$7.6M$14.0M$11.0M$15.1M$13.9M$11.5M$27.5M$7.4M$19.5M$4.7M$1.3M$4.5M$7.2M
Retained Earnings Accumulated Deficit-$216.2M-$212.4M-$205.3M-$181.6M-$168.9M-$158.5M-$135.2M-$119.2M-$104.9M-$73.2M-$60.4M-$48.9M-$26.7M
Principal Payments On Capital Lease And Lease Financing Obligations$4.5M$4.8M$5.1M$3.4M$2.8M
Other Assets Noncurrent$4.4M$3.6M$2.4M$1.4M$1.0M$963.0K$868.0K$483.0K$595.0K$1.6M$1.9M$1.9M$3.5M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect-$5.2M-$5.6M$352.0K-$85.6M-$1.6M
Cash And Cash Equivalents At Carrying Value$29.1M$32.2M$40.6M$3.0M$9.3M$6.3M$9.0M$5.9M$4.0M$19.3M$4.7M$4.5M
Restricted Cash Noncurrent$0.00$0.00$0.00$4.7M$4.7M$4.7M$0.00$7.8M$7.3M$2.5M$0.00$0.00$0.00
Liabilities Current$59.3M$59.9M$59.5M$59.2M$55.1M$55.7M$61.0M$51.0M$53.4M$54.2M$52.0M$51.3M$40.9M
Liabilities And Stockholders Equity$191.5M$186.0M$170.2M$136.2M$127.8M$131.9M$134.7M$134.6M$142.9M$156.9M$160.5M$164.2M$60.4M
Liabilities$108.7M$106.4M$92.4M$93.4M$82.7M$84.4M$87.4M$80.4M$82.4M$80.4M$77.5M$76.6M$72.5M
Contract With Customer Liability Current$30.4M$30.5M$31.4M$30.1M$29.4M$28.7M$23.6M$23.2M$23.8M$22.7M$22.4M$22.6M$21.1M
Assets Current$65.0M$64.5M$65.0M$31.9M$33.7M$38.7M$44.9M$44.7M$58.0M$84.5M$94.6M$105.3M$8.8M
Assets$191.5M$186.0M$170.2M$136.2M$127.8M$131.9M$134.7M$134.6M$142.9M$156.9M$160.5M$164.2M$60.4M
Accounts Receivable Net Current$3.4M$3.2M$1.8M$2.8M$1.8M$1.6M$2.0M$826.0K$789.0K$720.0K$391.0K$241.0K$115.0K
Operating Lease Right Of Use Asset$24.9M$25.9M$15.0M$15.7M$9.0M$9.5M$10.5M$5.7M$6.3M$4.8M$5.1M$4.7M
Contract With Customer Liability Noncurrent$5.5M$5.1M$5.0M$5.1M$5.2M$4.6M$4.5M$3.6M$2.6M$2.7M$2.8M$3.0M$3.2M$3.4M
Operating Lease Right Of Use Asset Amortization Expense$925.0K$510.0K$647.0K$541.0K$0.00
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization$55.8M$49.9M$45.7M$41.5M$41.0M$42.6M$49.6M$51.6M$50.3M$49.8M$48.3M$43.7M
Operating Lease Liability Current$5.0M$5.0M$3.6M$3.9M$1.7M$1.8M$2.0M$1.4M$1.8M$2.1M$2.6M$2.0M
Gain Loss On Disposition Of Assets1$174.0K-$15.0K$0.00$1.0K-$16.0K
Prepaid Expense And Other Assets Current$10.0M$9.0M$8.3M$8.3M$8.9M$7.1M$7.1M$7.6M$6.4M$6.1M$5.9M$4.0M
Operating Lease Liability Noncurrent$21.2M$22.2M$11.8M$12.4M$7.6M$8.0M$8.5M$4.4M$4.8M$2.9M$2.9M$3.2M
Accrued Liabilities And Other Liabilities Current$7.0M$5.9M$6.4M$8.2M$5.8M$7.0M$7.9M$7.4M$6.1M$4.1M
Accounts Payable Current$1.7M$1.1M$1.4M$2.0M$2.5M$3.4M$2.7M$2.0M$2.5M$1.4M
Temporary Equity Carrying Amount Attributable To Parent$0.00$0.00$2.8M$2.8M$2.8M$2.8M$2.8M
Short Term Investments$17.9M$14.4M$21.8M$20.7M$30.9M$45.5M$52.6M$80.8M$79.8M
Right Of Use Asset Obtained In Exchange For Operating Lease Liability$0.00$183.0K$0.00$0.00
Right Of Use Asset Obtained In Exchange For Finance Lease Liability$2.2M$3.0M$4.5M$3.3M
Operating Lease Payments$621.0K$724.0K$598.0K$0.00
Long Term Debt Excluding Current Maturities And Convertible Debt$4.7M$4.7M$4.7M$0.00$7.8M$7.3M$2.5M$0.00
Accretion Amortization Of Discounts And Premiums Investments$21.0K$540.0K$61.0K$0.00

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Share Based Compensation$26.4M$28.6M$25.2M$17.0M$5.6M$1.9M
Proceeds From Stock Options Exercised$5.3M$7.5M$4.7M$4.3M$478.0K$19.0K
Payments To Acquire Property Plant And Equipment$4.7M$1.7M$5.5M$7.3M$7.6M$2.1M
Payments For Software$7.6M$12.5M$14.7M$8.6M$3.6M$2.9M
Net Cash Provided By Used In Operating Activities$23.5M$12.5M-$7.4M-$13.8M$3.5M$12.8M
Net Cash Provided By Used In Investing Activities-$25.3M-$6.1M$21.7M-$73.9M-$11.2M-$5.0M
Net Cash Provided By Used In Financing Activities-$14.8M$22.8M-$8.8M-$6.2M$106.6M-$8.7M
Increase Decrease In Contract With Customer Liability$473.0K$5.5M$4.5M$670.0K$5.5M$2.0M
Increase Decrease In Accrued Liabilities And Other Operating Liabilities$130.0K$948.0K-$1.4M-$970.0K$2.3M$2.3M
Increase Decrease In Accounts Receivable$1.7M$1.0M-$56.0K$547.0K$100.0K$128.0K
Depreciation Depletion And Amortization$25.6M$28.3M$24.9M$20.2M$16.3M$13.0M
Proceeds From Lines Of Credit$2.5M$554.0K$4.3M$4.3M$3.5M$0.00
Payments To Acquire Marketable Securities$39.5M$38.1M$26.4M$145.9M$0.00
Increase Decrease In Prepaid Deferred Expense And Other Assets$1.5M$741.0K$445.0K$379.0K$3.1M$1.2M
Increase Decrease In Other Operating Assets$2.7M$1.3M$389.0K-$1.0M$541.0K-$170.0K
Increase Decrease In Operating Lease Liability-$4.5M-$2.6M-$2.5M-$2.5M$0.00
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount$4.0M$5.0M$2.7M$433.0K
Proceeds From Sale And Maturity Of Marketable Securities$26.3M$45.7M$67.9M$88.0M$0.00
Payments Of Stock Issuance Costs$20.0K$383.0K$0.00$658.0K$3.0M$176.0K
Increase Decrease In Accounts Payable$402.0K-$547.0K-$295.0K$1.6M$502.0K$143.0K
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans2.6M2.8M2.3M2.5M0.00
Payments Of Principal On Insurance Premium Financing$0.00$893.0K$1.5M$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ2 2025Q1 2025Q2 2024Q1 2024Q1 2023Q1 2022Q1 2021
Share Based Compensation$7.4M$5.5M$5.8M$3.8M$908.0K
Proceeds From Stock Options Exercised$1.1M$4.3M$859.0K$887.0K$148.0K
Payments To Acquire Property Plant And Equipment$503.0K$423.0K$3.0M$515.0K$2.6M
Payments For Software$2.1M$3.3M$3.4M$1.2M$911.0K
Net Cash Provided By Used In Operating Activities$4.9M$3.4M-$5.2M-$900.0K$2.5M
Net Cash Provided By Used In Investing Activities-$6.1M-$8.8M$7.3M-$81.5M-$3.5M
Net Cash Provided By Used In Financing Activities-$4.0M-$264.0K-$1.8M-$3.2M-$624.0K
Increase Decrease In Contract With Customer Liability$798.0K$3.2M$957.0K$912.0K$1.0M
Increase Decrease In Accrued Liabilities And Other Operating Liabilities$199.0K$24.0K-$565.0K$1.6M$89.0K
Increase Decrease In Accounts Receivable-$61.0K$821.0K-$67.0K-$68.0K$15.0K
Depreciation Depletion And Amortization$7.8M$6.9M$5.7M$4.9M$4.0M
Proceeds From Lines Of Credit$0.00$554.0K$3.0M$0.00$1.3M
Payments To Acquire Marketable Securities$18.3M$14.8M$9.7M$79.8M$0.00
Increase Decrease In Prepaid Deferred Expense And Other Assets$1.1M$568.0K-$474.0K$153.0K-$4.0K
Increase Decrease In Other Operating Assets$129.0K$19.0K-$22.0K-$91.0K$27.0K
Increase Decrease In Operating Lease Liability-$1.6M-$267.0K-$653.0K-$528.0K$0.00
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount$800.0K$677.0K$900.0K$1.0M$1.0M$383.0K$52.0K
Proceeds From Sale And Maturity Of Marketable Securities$14.8M$9.8M$23.5M$0.00
Payments Of Stock Issuance Costs$10.0K$0.00$0.00$658.0K$755.0K
Increase Decrease In Accounts Payable-$457.0K-$48.0K$462.0K$326.0K
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
Payments Of Principal On Insurance Premium Financing$0.00$293.0K$509.0K$0.00

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Weighted Average Number Of Shares Outstanding Basic56.2M43.5M36.0M31.7M20.3M18.6M
Weighted Average Number Of Diluted Shares Outstanding56.2M43.5M36.0M31.7M20.3M18.6M
Earnings Per Share Diluted$-0.46$-1.11$-1.66$-1.62$-1.07$-0.36
Earnings Per Share Basic$-0.46$-1.11$-1.66$-1.62$-1.07$-0.36
Temporary Equity Shares Outstanding0.003.4M3.4M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q3 2020Q2 2020
Weighted Average Number Of Shares Outstanding Basic57.0M55.6M54.1M43.5M42.2M40.2M36.7M35.1M33.9M32.0M31.2M30.5M18.9M18.7M18.7M18.6M
Weighted Average Number Of Diluted Shares Outstanding57.0M55.6M54.1M43.5M42.2M40.2M36.7M35.1M33.9M32.0M31.2M30.5M18.9M18.7M18.7M18.6M
Earnings Per Share Diluted$-0.07$-0.13$-0.17$-0.29$-0.25$-0.27$-0.44$-0.41$-0.50$-0.40$-0.37$-0.41$-0.32$-0.13$-0.20$-0.10
Earnings Per Share Basic$-0.07$-0.13$-0.17$-0.29$-0.25$-0.27$-0.44$-0.41$-0.50$-0.40$-0.37$-0.41$-0.32$-0.13$-0.20$-0.10
Temporary Equity Shares Outstanding0.000.003.4M3.4M3.4M3.4M3.4M

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value$25.3M$30.4M$27.1M$17.9M$6.1M$2.1M
Stock Issued During Period Value Stock Options Exercised$5.3M$7.5M$4.6M$4.4M$478.0K$19.0K
Investment Income Interest$2.0M$1.4M$2.0M$965.0K$0.00
Interest Paid Net$3.7M$3.6M$3.7M$3.8M$3.5M$2.9M
Capitalized Computer Software Net$40.8M$41.8M$32.5M$16.7M$7.6M$5.7M
Additional Paid In Capital$306.8M$273.6M$192.4M$156.5M$131.8M$7.8M
Stock Issued During Period Value Employee Stock Purchase Plan$2.6M$2.8M$2.3M$2.5M
Capital Expenditures Incurred But Not Yet Paid$60.0K$158.0K$164.0K$731.0K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q3 2020
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value$6.1M$7.1M$6.9M$9.1M$5.9M$5.8M$8.0M$5.6M$6.2M$5.0M$4.4M$3.7M$1.6M$1.3M$960.0K$524.0K
Stock Issued During Period Value Stock Options Exercised$2.8M$885.0K$978.0K$1.3M$716.0K$4.3M$1.3M$1.2M$840.0K$1.4M$1.2M$887.0K$0.00$148.0K
Investment Income Interest$477.0K$500.0K$533.0K$313.0K$362.0K$384.0K$447.0K$519.0K$610.0K$210.0K$120.0K$75.0K$0.00$0.00$0.00
Interest Paid Net$829.0K$944.0K$918.0K$948.0K$849.0K
Capitalized Computer Software Net$41.5M$42.2M$42.2M$41.0M$38.3M$35.5M$28.9M$24.3M$20.4M$13.6M$10.6M$8.7M$7.7M
Additional Paid In Capital$300.2M$292.0M$283.1M$224.4M$213.9M$206.0M$182.6M$173.4M$165.4M$149.8M$143.4M$136.4M$11.8M
Stock Issued During Period Value Employee Stock Purchase Plan$1.4M$1.4M$1.2M$1.5M
Capital Expenditures Incurred But Not Yet Paid$29.0K$886.0K$124.0K$1.1M

Most recent annual filing with the SEC: March 10, 2026

Data sourced from SEC EDGAR public filings as of August 6, 2026.