Backblaze Inc

For the period ended Dec 31, 2023. Filed Apr 1, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 1, 2024

BLZE$7.99-3.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets

(in thousands, except share and per share data)

	December 31,
	2023	2022
Assets
Current assets:
Cash and cash equivalents	$12,502	$6,690
Accounts receivable, net	800	856
Short-term investments, net	16,799	58,733
Prepaid expenses and other current assets	8,413	8,120
Total current assets	38,514	74,399
Restricted cash, non-current	4,128	4,306
Property and equipment, net	45,600	49,375
Operating lease right-of-use assets	9,980	6,881
Capitalized internal-use software, net	32,521	16,704
Other assets	944	793
Total assets	$131,687	$152,458
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$2,281	$3,283
Accrued expenses and other current liabilities	8,460	9,418
Finance lease liabilities and lease financing obligations, current	18,492	18,531
Operating lease liabilities, current	1,878	2,130
Deferred revenue, current	25,976	22,912
Total current liabilities	57,087	56,274
Finance lease liabilities and lease financing obligations, non-current	13,310	15,487
Operating lease liabilities, non-current	8,151	5,032
Deferred revenue, non-current	4,073	2,611
Debt facility, non-current	4,128	4,306
Total liabilities	$86,749	$83,710
Commitments and contingencies (Note 10)
Stockholders’ Equity
Class A common stock, $0.0001 par value; 113,000,000 shares authorized as of December 31, 2023 and 2022; 39,150,610 and 16,198,333 shares issued and outstanding as of December 31, 2023 and 2022, respectively.	4	2
Class B common stock, $0.0001 par value; 295,986 and 37,000,000 shares authorized as of December 31, 2023 and 2022; zero and 17,195,404 shares issued and outstanding as of December 31, 2023 and 2022, respectively.	—	2
Additional paid-in capital	192,388	156,485
Accumulated deficit	(147,454)	(87,741)
Total stockholders’ equity	44,938	68,748
Total liabilities and stockholders’ equity	$131,687	$152,458

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.