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	1.83	0.8	0.86	0.31
Other Current Assets	10.83	9	8.41	8.12	5.93
Total Current Assets	65.69	65.75	38.51	74.4	111.08
Net 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	7.58	8.77	9.42	7.62
Current Portion of Leases	20.13	20.35	20.37	20.66	13.65
Unearned Revenue	30.5	30.41	25.98	22.91	21.72
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
Other Long-Term Liabilities	5.53	5.15	4.07	2.61	3.43
Total Long-Term Liabilities	46.99	31.13	29.66	27.44	23.03
Total Liabilities	108.61	90.94	86.75	83.71	68.1
Common Stock	0.01	0.01	0	0	0
Treasury Stock	-1.98	-	-	-	-
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
Total Common Shareholders' 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	45.96	45.49	33.25
Net Cash (Debt)	-10.2	8.58	-16.66	19.94	71.6
Net Cash Growth	-	-	-	-72.15%	-
Net Cash Per Share	-0.18	0.20	-0.46	0.63	3.52
Book Value	83.22	77.62	44.94	68.75	95.49
Book Value Per Share	1.48	1.78	1.25	2.17	4.69
Tangible Book Value	42.4	35.82	12.42	52.04	87.85
Tangible Book Value Per Share	0.75	0.82	0.34	1.64	4.32

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q