Backblaze, Inc.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash and cash equivalents $6.1m $104.8m $6.7m $12.5m $45.8m $29.2m
Accounts receivable, net $209k $309k $856k $800k $1.8m $3.5m
Prepaid expenses $3.5m $4.2m
Other current assets $5.5m $6.6m
Total current assets $9.2m $111.1m $74.4m $38.5m $65.7m $65.7m
Property and equipment, net $38.7m $43.1m $49.4m $45.6m $42.9m $57.3m
Capitalized internal-use software, net $5.7m $7.6m $16.7m $32.5m $41.8m $40.8m
Operating lease right-of-use assets, net $0 $6.9m $10.0m $15.9m $22.7m
Other assets $809k $1.8m $793k $944k $2.2m $5.3m
Marketable securities $9.1m $22.2m
Accrued expenses and other current liabilities $3.6m $5.1m $9.4m $8.5m $7.6m $9.4m
Finance lease liabilities and lease financing obligations, current $13.6m $18.5m $18.5m $16.3m $14.9m
Operating lease liabilities, current $0 $2.1m $1.9m $4.0m $5.3m
Finance lease liabilities and lease financing obligations, non-current $19.6m $15.5m $13.3m $13.1m $21.3m
Operating lease liabilities, non-current $0 $5.0m $8.2m $12.8m $20.2m
Additional paid-in capital $7.8m $131.8m $156.5m $192.4m $273.6m $306.8m
Total stockholders’ equity ($6.8m) $95.5m $68.7m $44.9m $77.6m $83.2m
Total assets $54.5m $163.6m $152.5m $131.7m $168.6m $191.8m
Total liabilities and stockholders’ equity $54.5m $163.6m $152.5m $131.7m $168.6m $191.8m
Accounts payable $1.7m $2.1m $3.3m $2.3m $1.5m $1.6m
Deferred revenue, current $17.6m $21.7m $22.9m $26.0m $30.4m $30.5m
Deferred revenue and other liabilities, non-current $5.1m $5.5m
Total current liabilities $36.4m $45.1m $56.3m $57.1m $59.8m $61.6m
Total liabilities $58.5m $68.1m $83.7m $86.7m $90.9m $108.6m
Preferred stock, 0.0001 par value; 10,000,000 shares authorized as of December 31, 2025 and 2024; zero shares issued and outstanding as of December 31, 2025 and 2024. 0 0 0
Common stock, value, issued $5k $3k $4k $4k $5k $6k
Treasury stock, at cost; 256,549 and zero shares as of December 31, 2025 and 2024, respectively $0 ($2.0m)
Accumulated deficit ($14.6m) ($36.3m) ($87.7m) ($147.5m) ($196.0m) ($221.6m)