BACKBLAZE, INC. financials
Source: EDGAR filings · Built 2026-06-02T02:29:26Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 18.85M | 10.79M | -12.86M | -21.13M | -4.04M | 10.69M |
| EBITDA | 1.97M | -17.96M | -32.99M | -27.96M | -2.47M | 9.22M |
| Working Capital | 4.07M | 5.95M | -18.57M | 18.13M | 66.02M | -27.14M |
| Net Debt | 31.94M | -2.15M | 23.39M | 31.70M | -104.84M | -5.45M |
| Gross Margin | 60.89% | 54.33% | 48.87% | 51.51% | 50.89% | 52.03% |
| Operating Margin | -16.20% | -36.27% | -56.76% | -56.50% | -27.85% | -6.94% |
| Net Margin | -17.56% | -38.03% | -58.53% | -60.36% | -32.16% | -12.31% |
| Return on Equity (ROE) | -30.78% | -62.52% | -132.88% | -74.76% | -22.73% | 96.83% |
| Return on Assets (ROA) | -13.35% | -28.79% | -45.34% | -33.71% | -13.27% | -12.16% |
| Current Ratio | 1.07× | 1.10× | 0.67× | 1.32× | 2.47× | 0.25× |
| Debt-to-Equity | 0.73× | 0.56× | 0.80× | 0.56× | 0.00× | -0.09× |
| Effective Tax Rate | -0.33% | -0.01% | 0.00% | 0.08% | -0.44% | -0.08% |
| Cash Conversion Ratio | -0.92× | -0.26× | 0.12× | 0.27× | -0.16× | -1.94× |
| Accruals Ratio | -0.26× | -0.36× | -0.40× | -0.25× | -0.15× | -0.36× |
| SBC % of Revenue | 18.13% | 22.43% | 24.68% | 20.02% | 8.34% | 3.49% |
| CapEx Coverage | 5.02× | 7.31× | -1.33× | -1.88× | 0.47× | 6.03× |
| Free Cash Flow Per Share | $0.34 | $0.25 | $-0.36 | $-0.67 | $-0.20 | $0.57 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| P/FCF | 13.89× | 24.28× | — | — | — | — |
| FCF Yield | 7.20% | 4.12% | — | — | — | — |
| EV / EBITDA | 158.54× | — | — | — | — | — |
| P/S | 1.92× | 2.56× | 3.07× | 2.29× | 5.09× | — |
| P/B | 3.37× | 4.21× | 6.96× | 2.83× | 3.60× | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 145.84M | 127.63M | 102.02M | 85.16M | 67.48M | 53.78M |
| Cost of Revenue | 57.04M | 58.28M | 52.16M | 41.29M | 33.14M | 25.80M |
| Gross Profit | 88.79M | 69.34M | 49.86M | 43.86M | 34.34M | 27.98M |
| Research and Development Expense | 46.11M | 42.10M | 39.53M | 33.11M | 20.54M | 13.07M |
| Operating Expenses | 112.42M | 115.63M | 107.76M | 91.98M | 53.13M | 31.71M |
| Operating Income (Loss) | -23.62M | -46.29M | -57.91M | -48.11M | -18.79M | -3.73M |
| Income Tax Expense (Benefit) | 84.00K | 6.00K | 0 | -39.00K | 96.00K | 5.00K |
| Net Income (Loss) Attributable to Parent | -25.61M | -48.53M | -59.71M | -51.40M | -21.70M | -6.62M |
| Earnings Per Share, Basic | $-0.46 | $-1.11 | $-1.66 | $-1.62 | $-1.07 | $-0.36 |
| Weighted Average Number of Shares Outstanding, Basic | 56.21M | 43.54M | 36.01M | 31.66M | 20.35M | 18.61M |
| Earnings Per Share, Diluted | $-0.46 | $-1.11 | $-1.66 | $-1.62 | $-1.07 | $-0.36 |
| Weighted Average Number of Shares Outstanding, Diluted | 56.21M | 43.54M | 36.01M | 31.66M | 20.35M | 18.61M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 29.18M | 45.78M | 12.50M | 6.69M | 104.84M | 6.08M |
| Assets, Current | 65.69M | 65.75M | 38.51M | 74.40M | 111.08M | 9.23M |
| Assets | 191.83M | 168.56M | 131.69M | 152.46M | 163.58M | 54.47M |
| Liabilities, Current | 61.62M | 59.80M | 57.09M | 56.27M | 45.06M | 36.37M |
| Liabilities | 108.61M | 90.94M | 86.75M | 83.71M | 68.09M | 58.52M |
| Stockholders' Equity Attributable to Parent | 83.22M | 77.62M | 44.94M | 68.75M | 95.49M | -6.84M |
| Common Stock, Shares, Outstanding | — | — | — | — | — | 18.61M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 23.54M | 12.51M | -7.35M | -13.78M | 3.52M | 12.82M |
| Payments to Acquire Property, Plant, and Equipment | 4.69M | 1.71M | 5.51M | 7.35M | 7.56M | 2.13M |
| Net Cash Provided by (Used in) Investing Activities | -25.34M | -6.13M | 21.66M | -73.85M | -11.19M | -4.97M |
| Payments for Repurchase of Common Stock | 1.98M | 0 | 0 | — | — | — |
| Net Cash Provided by (Used in) Financing Activities | -14.80M | 22.77M | -8.84M | -6.21M | 106.61M | -8.75M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 2.71M | 9.05M | 9.80M | 7.20M | 4.44M | 1.41M |
| EBITDA | 1.39M | 1.64M | — | — | -1.01M | -6.71M |
| Working Capital | 2.90M | 4.07M | 5.71M | 4.54M | 5.54M | 5.95M |
| Net Debt | 35.75M | 31.94M | 34.33M | 27.96M | 5.10M | -2.15M |
| Gross Margin | 60.85% | 62.03% | 62.08% | 63.48% | 55.63% | 54.77% |
| Operating Margin | -13.84% | -12.35% | -8.94% | -18.51% | -25.34% | -40.76% |
| Net Margin | -15.90% | -14.33% | -10.17% | -19.55% | -26.94% | -42.55% |
| Return on Equity (ROE) | -7.26% | -6.50% | -4.56% | -8.91% | -11.99% | -18.52% |
| Return on Assets (ROA) | -3.19% | -2.82% | -1.97% | -3.81% | -5.48% | -8.53% |
| Current Ratio | 1.05× | 1.07× | 1.10× | 1.08× | 1.09× | 1.10× |
| Debt-to-Equity | 0.73× | 0.73× | 0.77× | 0.76× | 0.59× | 0.56× |
| Effective Tax Rate | -0.46% | 0.00% | 0.00% | 0.00% | -0.91% | 0.00% |
| Cash Conversion Ratio | -0.55× | -1.72× | -3.77× | -1.20× | -0.53× | -0.16× |
| Accruals Ratio | -0.05× | -0.08× | -0.09× | -0.08× | -0.08× | -0.10× |
| SBC % of Revenue | 17.85% | 16.76% | 54.11% | 40.40% | 21.26% | 27.03% |
| CapEx Coverage | 5.16× | 35.14× | 3.21× | 6.60× | 9.83× | 2.70× |
| Free Cash Flow Per Share | $0.05 | $0.16 | $0.17 | $0.13 | $0.08 | $0.03 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 38.67M | 37.76M | 37.16M | 36.30M | 34.61M | 33.79M |
| Cost of Revenue | 15.14M | 14.34M | 14.09M | 13.26M | 15.36M | 15.28M |
| Gross Profit | 23.53M | 23.43M | 23.07M | 23.04M | 19.26M | 18.50M |
| Research and Development Expense | 11.29M | 11.14M | 11.23M | 11.88M | 11.86M | 12.03M |
| Operating Expenses | 28.88M | 28.09M | 26.39M | 29.76M | 28.03M | 32.27M |
| Operating Income (Loss) | -5.35M | -4.67M | -3.32M | -6.72M | -8.77M | -13.77M |
| Income Tax Expense (Benefit) | 28.00K | 0 | 0 | 0 | 84.00K | 0 |
| Net Income (Loss) Attributable to Parent | -6.15M | -5.41M | -3.78M | -7.10M | -9.32M | -14.38M |
| Earnings Per Share, Basic | $-0.10 | $-0.10 | $-0.07 | $-0.13 | $-0.17 | $-0.30 |
| Weighted Average Number of Shares Outstanding, Basic | 59.29M | 56.21M | 56.98M | 55.63M | 54.06M | 43.54M |
| Earnings Per Share, Diluted | $-0.10 | $-0.10 | $-0.07 | $-0.13 | $-0.17 | $-0.30 |
| Weighted Average Number of Shares Outstanding, Diluted | 59.29M | 56.21M | 56.98M | 55.63M | 54.06M | 43.54M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 26.28M | 29.18M | 29.08M | 32.19M | 40.61M | 45.78M |
| Assets, Current | 62.84M | 65.69M | 64.99M | 64.45M | 65.02M | 65.75M |
| Assets | 192.67M | 191.83M | 191.53M | 186.04M | 170.16M | 168.56M |
| Liabilities, Current | 59.94M | 61.62M | 59.28M | 59.91M | 59.48M | 59.80M |
| Liabilities | 108.02M | 108.61M | 108.70M | 106.40M | 92.40M | 90.94M |
| Stockholders' Equity Attributable to Parent | 84.64M | 83.22M | 82.83M | 79.64M | 77.77M | 77.62M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 3.36M | 9.31M | 14.23M | 8.49M | 4.94M | 2.23M |
| Payments to Acquire Property, Plant, and Equipment | 651.00K | 265.00K | 4.43M | 1.29M | 503.00K | 826.00K |
| Net Cash Provided by (Used in) Investing Activities | 289.00K | -3.12M | -22.22M | -14.69M | -6.13M | 5.75M |
| Payments for Repurchase of Common Stock | 809.00K | 798.00K | 1.19M | — | 0 | 0 |
| Net Cash Provided by (Used in) Financing Activities | -6.55M | -6.09M | -8.71M | -7.39M | -3.98M | 30.16M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (BLZE CIK 0001462056),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.