Backblaze Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	29.08	45.78	12.5	6.69	104.84	6.08
Short-Term Investments	21.2	9.14	16.8	58.73	-	-
Cash & Short-Term Investments	50.27	54.92	29.3	65.42	104.84	6.08
Cash Growth	140.75%	87.42%	-55.21%	-37.60%	1625.53%	-13.24%
Accounts Receivable	6.86	4.7	3.18	2.49	1.53	1.05
Other Receivables	-	1.35	1.28	0.64	0.29	0.27
Receivables	6.86	6.04	4.45	3.14	1.82	1.32
Prepaid Expenses	4.18	3.26	3.31	4.14	3.51	0.99
Other Current Assets	3.67	1.53	1.45	1.69	0.91	0.85
Total Current Assets	64.99	65.75	38.51	74.4	111.08	9.23
Property, Plant & Equipment	80.68	58.82	55.58	56.26	43.07	38.75
Other Intangible Assets	41.46	41.8	32.52	16.7	7.64	5.68
Other Long-Term Assets	4.4	2.19	5.07	5.1	1.79	0.81
Total Assets	191.53	168.56	131.69	152.46	163.58	54.47
Accounts Payable	-	1.46	1.97	3.28	2.08	1.71
Accrued Expenses	8.71	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	20.18	20.35	20.37	20.66	13.65	11.32
Current Income Taxes Payable	-	-	-	-	-	0.01
Current Unearned Revenue	30.39	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	59.28	59.8	57.09	56.27	45.06	36.37
Long-Term Debt	2.45	-	4.13	4.31	-	1.64
Long-Term Leases	41.5	25.99	21.46	20.52	19.6	17.89
Long-Term Unearned Revenue	5.47	5.15	4.07	2.61	3.13	1.8
Other Long-Term Liabilities	-	-	-	-	0.3	0.82
Total Liabilities	108.7	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	300.19	273.6	192.39	156.49	131.83	7.79
Retained Earnings	-216.18	-195.99	-147.45	-87.74	-36.34	-14.64
Total Common Equity	82.83	77.62	44.94	68.75	95.49	-6.84
Shareholders' Equity	82.83	77.62	44.94	68.75	95.49	-4.06
Total Liabilities & Equity	191.53	168.56	131.69	152.46	163.58	54.47
Total Debt	64.14	46.34	46.85	47.03	33.25	31.48
Net Cash (Debt)	-13.86	8.58	-17.55	18.39	71.6	-25.4
Net Cash Growth	-	-	-	-74.31%	-	-
Net Cash Per Share	-0.26	0.20	-0.49	0.58	3.52	-1.37
Filing Date Shares Outstanding	57.7	54.3	41.2	34.3	30.6	18.61
Total Common Shares Outstanding	57.68	53.38	39.15	33.39	30.38	18.61
Working Capital	5.71	5.95	-18.57	18.13	66.02	-27.14
Book Value Per Share	1.44	1.45	1.15	2.06	3.14	-0.37
Tangible Book Value	41.37	35.82	12.42	52.04	87.85	-12.52
Tangible Book Value Per Share	0.72	0.67	0.32	1.56	2.89	-0.67
Machinery	160.55	138.7	122.48	104.95	85.19	67.94
Construction In Progress	0.11	0.31	1.37	3.64	-	2.36
Leasehold Improvements	0.13	0.24	1.11	1.27	0.96	0.88

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q