Backblaze Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Cash & Equivalents	2.95	12.5	6.69	104.84	6.08	6.98
Short-Term Investments	17.93	16.8	58.73	-	-	0.03
Cash & Short-Term Investments	20.88	29.3	65.42	104.84	6.08	7
Cash Growth	-29.81%	-55.21%	-37.60%	1625.53%	-13.24%	-
Accounts Receivable	5.36	3.18	2.49	1.53	1.05	0.59
Other Receivables	1.53	1.28	0.64	0.29	0.27	0.52
Receivables	6.9	4.45	3.14	1.82	1.32	1.11
Prepaid Expenses	2.57	3.31	4.15	3.51	0.99	0.97
Other Current Assets	1.55	1.45	1.69	0.91	0.85	0
Total Current Assets	31.9	38.51	74.4	111.08	9.23	9.08
Property, Plant & Equipment	57.26	55.58	56.26	43.07	38.75	24.83
Other Intangible Assets	41.04	32.52	16.7	7.64	5.68	3.88
Other Long-Term Assets	6.05	5.07	5.1	1.79	0.81	0.84
Total Assets	136.24	131.69	152.46	163.58	54.47	38.63
Accounts Payable	1.67	2.28	3.28	2.08	1.71	1.55
Accrued Expenses	4.82	6.66	6.83	6.53	4.71	2.61
Short-Term Debt	-	0.89	1.55	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	0.63	-
Current Portion of Leases	20.37	20.37	20.66	13.65	11.32	8.23
Current Income Taxes Payable	-	-	-	-	0.01	0.02
Current Unearned Revenue	30.14	25.98	22.91	21.72	17.59	15.77
Other Current Liabilities	2.19	0.91	1.04	1.1	0.41	0.07
Total Current Liabilities	59.2	57.09	56.27	45.06	36.37	28.24
Long-Term Debt	4.68	4.13	4.31	-	1.64	-
Long-Term Leases	24.32	21.46	20.52	19.6	17.89	8.53
Long-Term Unearned Revenue	5.21	4.07	2.61	3.13	1.8	1.66
Other Long-Term Liabilities	-	-	-	0.3	0.82	-
Total Liabilities	93.41	86.75	83.71	68.1	58.53	38.44
Common Stock	0	0	0	0	0.01	0.01
Additional Paid-In Capital	224.44	192.39	156.49	131.83	7.79	5.68
Retained Earnings	-181.61	-147.45	-87.74	-36.34	-14.64	-8.28
Total Common Equity	42.83	44.94	68.75	95.49	-6.84	-2.59
Shareholders' Equity	42.83	44.94	68.75	95.49	-4.06	0.19
Total Liabilities & Equity	136.24	131.69	152.46	163.58	54.47	38.63
Total Debt	49.38	46.85	47.03	33.25	31.48	16.76
Net Cash (Debt)	-28.5	-17.55	18.39	71.6	-25.4	-9.76
Net Cash Growth	-	-	-74.31%	-	-	-
Net Cash Per Share	-0.84	-0.61	0.58	3.52	-1.37	-0.52
Filing Date Shares Outstanding	44.4	41.2	34.3	30.6	18.61	18.6
Total Common Shares Outstanding	44.27	39.15	33.39	30.38	18.61	18.6
Working Capital	-27.3	-18.57	18.13	66.02	-27.14	-19.16
Book Value Per Share	0.97	1.15	2.06	3.14	-0.37	-0.14
Tangible Book Value	1.79	12.42	52.04	87.85	-12.52	-6.47
Tangible Book Value Per Share	0.04	0.32	1.56	2.89	-0.67	-0.35
Machinery	133.57	122.48	104.95	85.19	67.94	47.44
Construction In Progress	0.33	1.37	3.64	-	2.36	0.28
Leasehold Improvements	0.24	1.11	1.27	0.96	0.88	0.45

Source: S&P Capital IQ. Standard template. Financial Sources.