Backblaze Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	26.28	29.18	45.78	12.5	6.69	104.84
Short-Term Investments	19.21	22.2	9.14	16.8	58.73	-
Cash & Short-Term Investments	45.48	51.38	54.92	29.3	65.42	104.84
Cash Growth	-14.56%	-6.44%	87.42%	-55.21%	-37.60%	1625.53%
Accounts Receivable	4.26	3.48	1.83	0.8	0.86	0.31
Other Current Assets	13.09	10.83	9	8.41	8.12	5.93
Total Current Assets	62.84	65.69	65.75	38.51	74.4	111.08
Net Property, Plant & Equipment	82.71	80.02	58.82	55.58	56.26	43.07
Other Intangible Assets	40.86	40.83	41.8	32.52	16.7	7.64
Other Long-Term Assets	6.27	5.29	2.19	5.07	5.1	1.79
Total Assets	192.67	191.83	168.56	131.69	152.46	163.58
Accounts Payable	9.23	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	19.71	20.13	20.35	20.37	20.66	13.65
Unearned Revenue	31	30.5	30.41	25.98	22.91	21.72
Total Current Liabilities	59.94	61.62	59.8	57.09	56.27	45.06
Long-Term Debt	-	-	-	4.13	4.31	-
Long-Term Leases	42.64	41.46	25.99	21.46	20.52	19.6
Other Long-Term Liabilities	5.44	5.53	5.15	4.07	2.61	3.43
Total Long-Term Liabilities	48.09	46.99	31.13	29.66	27.44	23.03
Total Liabilities	108.02	108.61	90.94	86.75	83.71	68.1
Common Stock	0.01	0.01	0.01	0	0	0
Treasury Stock	-2.79	-1.98	-	-	-	-
Additional Paid-in Capital	315.17	306.8	273.6	192.39	156.49	131.83
Retained Earnings	-227.74	-221.6	-195.99	-147.45	-87.74	-36.34
Total Common Shareholders' Equity	84.64	83.22	77.62	44.94	68.75	95.49
Shareholders' Equity	84.64	83.22	77.62	44.94	68.75	95.49
Total Liabilities & Equity	192.67	191.83	168.56	131.69	152.46	163.58
Total Debt	62.35	61.58	46.34	45.96	45.49	33.25
Net Cash (Debt)	-16.87	-10.2	8.58	-16.66	19.94	71.6
Net Cash Growth	-	-	-	-	-72.15%	-
Net Cash Per Share	-0.29	-0.18	0.20	-0.46	0.63	3.52
Book Value	84.64	83.22	77.62	44.94	68.75	95.49
Book Value Per Share	1.47	1.48	1.78	1.25	2.17	4.69
Tangible Book Value	43.79	42.4	35.82	12.42	52.04	87.85
Tangible Book Value Per Share	0.76	0.75	0.82	0.34	1.64	4.32

Updated May 4, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q