Backblaze, Inc. (BLZE)

Backblaze Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	32.19	45.78	12.5	6.69	104.84	6.08
Short-Term Investments	18.35	9.14	16.8	58.73	-	-
Cash & Short-Term Investments	50.54	54.92	29.3	65.42	104.84	6.08
Cash Growth	113.74%	87.42%	-55.21%	-37.60%	1625.53%	-13.24%
Accounts Receivable	6.84	4.7	3.18	2.49	1.53	1.05
Other Receivables	-	1.35	1.28	0.64	0.29	0.27
Receivables	6.84	6.04	4.45	3.14	1.82	1.32
Prepaid Expenses	3.26	3.26	3.31	4.14	3.51	0.99
Other Current Assets	3.81	1.53	1.45	1.69	0.91	0.85
Total Current Assets	64.45	65.75	38.51	74.4	111.08	9.23
Property, Plant & Equipment	75.81	58.82	55.58	56.26	43.07	38.75
Other Intangible Assets	42.18	41.8	32.52	16.7	7.64	5.68
Other Long-Term Assets	3.6	2.19	5.07	5.1	1.79	0.81
Total Assets	186.05	168.56	131.69	152.46	163.58	54.47
Accounts Payable	-	1.46	1.97	3.28	2.08	1.71
Accrued Expenses	9.16	6.22	6.96	6.83	6.53	4.71
Short-Term Debt	-	-	0.89	1.55	-	-
Current Portion of Long-Term Debt	-	-	-	-	-	0.63
Current Portion of Leases	20.22	20.35	20.37	20.66	13.65	11.32
Current Income Taxes Payable	-	-	-	-	-	0.01
Current Unearned Revenue	30.53	30.41	25.98	22.91	21.72	17.59
Other Current Liabilities	-	1.37	0.91	1.04	1.1	0.41
Total Current Liabilities	59.91	59.8	57.09	56.27	45.06	36.37
Long-Term Debt	-	-	4.13	4.31	-	1.64
Long-Term Leases	41.38	25.99	21.46	20.52	19.6	17.89
Long-Term Unearned Revenue	5.11	5.15	4.07	2.61	3.13	1.8
Other Long-Term Liabilities	-	-	-	-	0.3	0.82
Total Liabilities	106.4	90.94	86.75	83.71	68.1	58.53
Common Stock	0.01	0.01	0	0	0	0.01
Additional Paid-In Capital	292.04	273.6	192.39	156.49	131.83	7.79
Retained Earnings	-212.41	-195.99	-147.45	-87.74	-36.34	-14.64
Total Common Equity	79.64	77.62	44.94	68.75	95.49	-6.84
Shareholders' Equity	79.64	77.62	44.94	68.75	95.49	-4.06
Total Liabilities & Equity	186.05	168.56	131.69	152.46	163.58	54.47
Total Debt	61.6	46.34	46.85	47.03	33.25	31.48
Net Cash (Debt)	-11.06	8.58	-17.55	18.39	71.6	-25.4
Net Cash Growth	-	-	-	-74.31%	-	-
Net Cash Per Share	-0.22	0.20	-0.49	0.58	3.52	-1.37
Filing Date Shares Outstanding	56.5	54.3	41.2	34.3	30.6	18.61
Total Common Shares Outstanding	56.46	53.38	39.15	33.39	30.38	18.61
Working Capital	4.54	5.95	-18.57	18.13	66.02	-27.14
Book Value Per Share	1.41	1.45	1.15	2.06	3.14	-0.37
Tangible Book Value	37.46	35.82	12.42	52.04	87.85	-12.52
Tangible Book Value Per Share	0.66	0.67	0.32	1.56	2.89	-0.67
Machinery	152.23	138.7	122.48	104.95	85.19	67.94
Construction In Progress	0.08	0.31	1.37	3.64	-	2.36
Leasehold Improvements	0.13	0.24	1.11	1.27	0.96	0.88

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q