← Backblaze, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Net loss | ($6.6m) | ($21.7m) | ($51.4m) | ($59.7m) | ($48.5m) | ($25.6m) | — | |
| Depreciation and amortization | $13.0m | $16.3m | $20.2m | $24.9m | $28.3m | $25.6m | $26.1m | |
| Stock-based compensation | $1.9m | $5.6m | $17.0m | $25.2m | $28.6m | $26.4m | $27.8m | |
| Impairment loss on long-lived assets | — | — | — | $232k | $898k | $1.2m | — | |
| Accounts receivable | ($128k) | ($100k) | ($547k) | $56k | ($1.0m) | ($1.7m) | ($2.0m) | |
| Accounts payable | $143k | $502k | $1.6m | ($295k) | ($547k) | $402k | $4.0m | |
| 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 | — | |
| Accrued bonus settled in restricted stock units | — | $0 | $1.9m | $1.8m | $3.5m | $2.0m | — | |
| 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) | — | |
| Net cash provided by (used in) operating activities | $12.8m |
$3.5m
-72.54%
|
($13.8m)
-491.51%
|
($7.3m)
+46.67%
|
$12.5m
+270.14%
|
$23.5m
+88.28%
|
$28.8m
+22.51%
|
|
| Gain on disposal of property and equipment | $2k | $17k | $0 | ($292k) | ($154k) | ($347k) | — | |
| 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) | ($13.4m) | |
| 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 | — | |
| 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 | — | |
| Repayment of debt facility | $0 | ($3.5m) | $0 | ($4.5m) | ($4.7m) | ($2.5m) | ($19.8m) | |
| Payment of debt issuance costs | — | — | — | $0 | $0 | ($602k) | — | |
| 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 | $0 | |
| Taxes paid for net share settlement of equity awards | $11k | $0 | ($130k) | $0 | $0 | ($1.9m) | — | |
| Net cash (used in) provided by financing activities | ($8.7m) |
$106.6m
+1318.63%
|
($6.2m)
-105.83%
|
($8.8m)
-42.34%
|
$22.8m
+357.54%
|
($14.8m)
-164.98%
|
— | |
| 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 | — | |
| Restricted cash, non-current | — | $0 | $4.3m | $4.1m | $0 | $0 | — | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Noncash lease expense on operating leases | $12.8m | $0 | $2.5m | $2.4m | $2.7m | $4.9m | $28.8m | |
| Other, net | — | — | — | $0 | $345k | $686k | — | |
| Operating lease liabilities | — | $0 | ($2.5m) | ($2.5m) | ($2.6m) | ($4.5m) | — | |
| 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 | — | |
| Cash and cash equivalents | $6.1m | $104.8m | $6.7m | $12.5m | $45.8m | $29.2m | $32.2m | |
| Cash paid for interest | $2.9m | $3.5m | $3.8m | $3.7m | $3.6m | $3.7m | — |