Backblaze, Inc.
For the period ended Mar 31, 2025. Filed May 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
BLZE$7.990.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
| March 31,2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $40,606 | $45,776 |
| Marketable securities | 12,626 | 9,139 |
| Accounts receivable, net | 1,770 | 1,831 |
| Prepaid expenses and other current assets | 10,014 | 9,002 |
| Total current assets | 65,016 | 65,748 |
| Property and equipment, net | 45,661 | 42,949 |
| Operating lease right-of-use assets, net | 14,965 | 15,873 |
| Capitalized internal-use software, net | 42,153 | 41,801 |
| Other assets | 2,369 | 2,187 |
| Total assets | $170,164 | $168,558 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable, accrued expenses and other current liabilities | $8,203 | $9,043 |
| Finance lease liabilities and lease financing obligations, current | 16,364 | 16,327 |
| Operating lease liabilities, current | 3,552 | 4,026 |
| Deferred revenue, current | 31,356 | 30,407 |
| Total current liabilities | 59,475 | 59,803 |
| Finance lease liabilities and lease financing obligations, non-current | 16,096 | 13,142 |
| Operating lease liabilities, non-current | 11,829 | 12,844 |
| Deferred revenue, non-current | 4,996 | 5,147 |
| Total liabilities | $92,396 | $90,936 |
| Commitments and contingencies (Note 9) | ||
| Stockholders’ Equity | ||
| Preferred Stock, $0.001 par value; 10,000,000 shares authorized as of March 31, 2025 and December 31, 2024; zero shares issued and outstanding as of March 31, 2025 and December 31, 2024 | — | — |
| Class A common stock, $0.0001 par value; 113,000,000 shares authorized as of both March 31, 2025 and December 31, 2024; 54,869,647 and 53,375,770 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively. | 5 | 5 |
| Class B common stock, $0.0001 par value; 295,986 shares authorized as of March 31, 2025 and December 31, 2024; zero shares issued and outstanding as of March 31, 2025 and December 31, 2024. | — | — |
| Additional paid-in capital | 283,072 | 273,602 |
| Accumulated deficit | (205,309) | (195,985) |
| Total stockholders’ equity | 77,768 | 77,622 |
| Total liabilities and stockholders’ equity | $170,164 | $168,558 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.