Backblaze Inc. (BLZE) Financial Statements (2024 and earlier)

Company Profile

Business Address 201 BALDWIN AVENUE
SAN MATEO, CA 94401
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29,30165,423104,843
Cash and cash equivalents12,5026,690104,843
Short-term investments16,79958,733 
Restricted cash and investments  169 
Receivables3,1752,4931,529
Prepaid expense2,3131,2882,403
Capitalized contract cost  365345
Other undisclosed current assets3,7254,6611,962
Total current assets:38,51474,399111,082
Noncurrent Assets
Operating lease, right-of-use asset9,9806,881 
Property, plant and equipment43,30023,92143,068
Restricted cash and investments4,1284,306 
Other noncurrent assets9447931,794
Other undisclosed noncurrent assets34,82142,1587,637
Total noncurrent assets:93,17378,05952,499
TOTAL ASSETS:131,687152,458163,581
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,5656,1646,593
Taxes payable1,224
Employee-related liabilities1,648
Accounts payable2,2813,2832,075
Accrued liabilities1,2842,8811,646
Deferred revenue25,97622,91221,722
Other undisclosed current liabilities27,54627,19816,747
Total current liabilities:57,08756,27445,062
Noncurrent Liabilities
Liabilities, other than long-term debt12,2247,6433,430
Deferred revenue4,0732,6113,132
Other liabilities   298
Operating lease, liability8,1515,032 
Other undisclosed noncurrent liabilities17,43819,79319,603
Total noncurrent liabilities:29,66227,43623,033
Total liabilities:86,74983,71068,095
Equity
Equity, attributable to parent, including:44,93868,74895,486
Additional paid in capital192,388156,485131,826
Accumulated deficit(147,454)(87,741)(36,343)
Other undisclosed equity, attributable to parent443
Total equity:44,93868,74895,486
TOTAL LIABILITIES AND EQUITY:131,687152,458163,581

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues102,01985,15567,479
Cost of revenue(52,162)(41,292)(33,138)
Gross profit:49,85743,86334,341
Operating expenses(107,762)(91,976)(53,135)
Operating loss:(57,905)(48,113)(18,794)
Nonoperating income
(Investment Income, Nonoperating)
1,984965 
Interest and debt expense(3,792)(4,289)(1,378)
Loss from continuing operations before equity method investments, income taxes:(59,713)(51,437)(20,172)
Other undisclosed loss from continuing operations before income taxes   (1,436)
Loss from continuing operations before income taxes:(59,713)(51,437)(21,608)
Income tax expense (benefit) 39(96)
Loss from continuing operations:(59,713)(51,398)(21,704)
Loss before gain (loss) on sale of properties:(21,704)
Net loss available to common stockholders, diluted:(59,713)(51,398)(21,704)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net loss:(59,713)(51,398)(21,704)
Comprehensive loss, net of tax, attributable to parent:(59,713)(51,398)(21,704)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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