Backblaze, Inc.
For the period ended Dec 31, 2025. Filed Mar 10, 2026.
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FY2025 · Filed Mar 10, 2026
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 exhibitsContents
Consolidated Balance Sheets
(in thousands, except share and per share data)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $29,182 | $45,776 |
| Marketable securities | 22,199 | 9,139 |
| Accounts receivable, net | 3,482 | 1,831 |
| Prepaid expenses | 4,195 | 3,457 |
| Other current assets | 6,630 | 5,545 |
| Total current assets | 65,688 | 65,748 |
| Property and equipment, net | 57,310 | 42,949 |
| Operating lease right-of-use assets, net | 22,713 | 15,873 |
| Capitalized internal-use software, net | 40,825 | 41,801 |
| Other assets | 5,290 | 2,187 |
| Total assets | $191,826 | $168,558 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $1,588 | $1,459 |
| Accrued expenses and other current liabilities | 9,406 | 7,584 |
| Finance lease liabilities and lease financing obligations, current | 14,873 | 16,327 |
| Operating lease liabilities, current | 5,253 | 4,026 |
| Deferred revenue, current | 30,498 | 30,407 |
| Total current liabilities | 61,618 | 59,803 |
| Finance lease liabilities and lease financing obligations, non-current | 21,292 | 13,142 |
| Operating lease liabilities, non-current | 20,166 | 12,844 |
| Deferred revenue and other liabilities, non-current | 5,529 | 5,147 |
| Total liabilities | $108,605 | $90,936 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ Equity | ||
| 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. | — | — |
| Class A common stock, $0.0001 par value; 113,000,000 shares authorized as of December 31, 2025 and 2024; 58,962,339 shares issued and 58,705,790 outstanding as of December 31, 2025 and 53,375,770 shares issued and outstanding as of December 31, 2024. | 6 | 5 |
| Class B common stock, 0.0001 par value; 295,986 shares authorized as of December 31, 2025 and 2024; zero shares issued and outstanding as of December 31, 2025 and 2024. | — | — |
| Treasury stock, at cost; 256,549 and zero shares as of December 31, 2025 and 2024, respectively | (1,983) | — |
| Additional paid-in capital | 306,795 | 273,602 |
| Accumulated deficit | (221,597) | (195,985) |
| Total stockholders’ equity | 83,221 | 77,622 |
| Total liabilities and stockholders’ equity | $191,826 | $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.