Backblaze Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	29.18	45.78	12.5	6.69	104.84
Short-Term Investments	22.2	9.14	16.8	58.73	-
Cash & Short-Term Investments	51.38	54.92	29.3	65.42	104.84
Cash Growth	-6.44%	87.42%	-55.21%	-37.60%	1625.53%
Accounts Receivable	3.48	4.7	3.18	2.49	1.53
Other Receivables	-	1.35	1.28	0.64	0.29
Receivables	3.48	6.04	4.45	3.14	1.82
Prepaid Expenses	4.2	3.26	3.31	4.14	3.51
Other Current Assets	6.63	1.53	1.45	1.69	0.91
Total Current Assets	65.69	65.75	38.51	74.4	111.08
Property, Plant & Equipment	80.02	58.82	55.58	56.26	43.07
Other Intangible Assets	40.83	41.8	32.52	16.7	7.64
Other Long-Term Assets	5.29	2.19	5.07	5.1	1.79
Total Assets	191.83	168.56	131.69	152.46	163.58
Accounts Payable	1.59	1.46	1.97	3.28	2.08
Accrued Expenses	9.41	6.22	6.96	6.83	6.53
Short-Term Debt	-	-	0.89	1.55	-
Current Portion of Leases	20.13	20.35	20.37	20.66	13.65
Current Unearned Revenue	30.5	30.41	25.98	22.91	21.72
Other Current Liabilities	-	1.37	0.91	1.04	1.1
Total Current Liabilities	61.62	59.8	57.09	56.27	45.06
Long-Term Debt	-	-	4.13	4.31	-
Long-Term Leases	41.46	25.99	21.46	20.52	19.6
Long-Term Unearned Revenue	5.53	5.15	4.07	2.61	3.13
Other Long-Term Liabilities	-	-	-	-	0.3
Total Liabilities	108.61	90.94	86.75	83.71	68.1
Common Stock	0.01	0.01	0	0	0
Additional Paid-In Capital	306.8	273.6	192.39	156.49	131.83
Retained Earnings	-221.6	-195.99	-147.45	-87.74	-36.34
Treasury Stock	-1.98	-	-	-	-
Total Common Equity	83.22	77.62	44.94	68.75	95.49
Shareholders' Equity	83.22	77.62	44.94	68.75	95.49
Total Liabilities & Equity	191.83	168.56	131.69	152.46	163.58
Total Debt	61.58	46.34	46.85	47.03	33.25
Net Cash (Debt)	-10.2	8.58	-17.55	18.39	71.6
Net Cash Growth	-	-	-	-74.31%	-
Net Cash Per Share	-0.18	0.20	-0.49	0.58	3.52
Filing Date Shares Outstanding	58.71	54.3	41.2	34.3	30.6
Total Common Shares Outstanding	58.71	53.38	39.15	33.39	30.38
Working Capital	4.07	5.95	-18.57	18.13	66.02
Book Value Per Share	1.42	1.45	1.15	2.06	3.14
Tangible Book Value	42.4	35.82	12.42	52.04	87.85
Tangible Book Value Per Share	0.72	0.67	0.32	1.56	2.89
Machinery	-	138.7	122.48	104.95	85.19
Construction In Progress	-	0.31	1.37	3.64	-
Leasehold Improvements	-	0.24	1.11	1.27	0.96

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q