Backblaze, Inc.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Depreciation and amortization $13.0m $16.3m $20.2m $24.9m $28.3m $25.6m
Impairment loss on long-lived assets $232k $898k $1.2m
Noncash lease expense on operating leases $12.8m $0 $2.5m $2.4m $2.7m $4.9m
Gain on disposal of property and equipment $2k $17k $0 ($292k) ($154k) ($347k)
Operating lease liabilities $0 ($2.5m) ($2.5m) ($2.6m) ($4.5m)
Net loss ($6.6m) ($21.7m) ($51.4m) ($59.7m) ($48.5m) ($25.6m)
Stock-based compensation $1.9m $5.6m $17.0m $25.2m $28.6m $26.4m
Other, net $0 $345k $686k
Accounts receivable ($128k) ($100k) ($547k) $56k ($1.0m) ($1.7m)
Prepaid expenses and other current assets ($1.2m) ($3.9m) ($379k) ($445k) ($741k) ($1.5m)
Other assets $170k ($541k) $1.0m ($389k) ($1.3m) ($2.7m)
Accounts payable $143k $502k $1.6m ($295k) ($547k) $402k
Accrued expenses and other current liabilities $2.3m $1.3m ($970k) ($1.4m) $948k $130k
Deferred revenue and other liabilities, non-current $2.0m $5.5m $670k $4.5m $5.5m $473k
Purchases of marketable securities $0 ($145.9m) ($26.4m) ($38.1m) ($39.5m)
Maturities of marketable securities $0 $88.0m $67.9m $45.7m $26.3m
Proceeds from disposal of property and equipment $2k $17k $0 $369k $455k $167k
Purchases of property and equipment ($2.1m) ($7.6m) ($7.3m) ($5.5m) ($1.7m) ($4.7m)
Capitalized internal-use software costs ($2.9m) ($3.6m) ($8.6m) ($14.7m) ($12.5m) ($7.6m)
Principal payments on finance lease and lease financing obligations ($10.9m) ($12.2m) ($16.5m) ($19.5m) ($19.5m) ($18.2m)
Payments of offering costs ($176k) ($3.0m) ($658k) $0 ($383k) ($20k)
Proceeds from insurance premium financing $0 $893k $0 $0
Principal payments on insurance premium financing $0 ($1.5m) ($893k) $0
Proceeds from lease financing obligations $0 $4.3m $0 $4.5m $0 $0
Purchase of treasury stock $0 $0 ($2.0m)
Proceeds from exercises of stock options $19k $478k $4.3m $4.7m $7.5m $5.3m
Proceeds from ESPP $0 $2.5m $2.3m $2.8m $2.5m
Accrued bonus settled in restricted stock units $0 $1.9m $1.8m $3.5m $2.0m
Net cash provided by (used in) operating activities $12.8m $3.5m ($13.8m) ($7.3m) $12.5m $23.5m
Net cash (used in) provided by investing activities ($5.0m) ($11.2m) ($73.9m) $21.7m ($6.1m) ($25.3m)
Proceeds from debt facility $0 $3.5m $4.3m $4.3m $554k $2.5m
Payment of debt issuance costs $0 $0 ($602k)
Repayment of debt facility $0 ($3.5m) $0 ($4.5m) ($4.7m) ($2.5m)
Proceeds from issuance of common stock upon public offering, net of underwriting discounts and commission and other offering costs $0 $107.0m $0 $0 $37.4m $0
Net cash (used in) provided by financing activities ($8.7m) $106.6m ($6.2m) ($8.8m) $22.8m ($14.8m)
Net (decrease) increase in cash and cash equivalents and restricted cash ($902k) $98.9m ($93.8m) $5.5m $29.1m ($16.6m)
Cash and cash equivalents and restricted cash, beginning of period $6.1m $105.0m $11.2m $16.6m $45.8m $29.2m
Cash and cash equivalents $6.1m $104.8m $6.7m $12.5m $45.8m $29.2m
Restricted cash, non-current $0 $4.3m $4.1m $0 $0
Cash paid for interest $2.9m $3.5m $3.8m $3.7m $3.6m $3.7m
Taxes paid for net share settlement of equity awards $11k $0 ($130k) $0 $0 ($1.9m)