Backblaze, Inc.
For the period ended Dec 31, 2025. Filed Mar 10, 2026.
View on SEC.govAbout 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.
FY2025 · Filed Mar 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except share and per share data)
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue | $145,835 | $127,628 | $102,019 |
| Cost of revenue | 57,042 | 58,285 | 52,162 |
| Gross profit | 88,793 | 69,343 | 49,857 |
| Operating expenses: | |||
| Research and development | 46,109 | 42,098 | 39,527 |
| Sales and marketing | 37,397 | 44,440 | 41,270 |
| General and administrative | 28,910 | 29,094 | 26,965 |
| Total operating expenses | 112,416 | 115,632 | 107,762 |
| Loss from operations | (23,623) | (46,289) | (57,905) |
| Investment income | 1,961 | 1,422 | 1,984 |
| Interest expense | (3,866) | (3,658) | (3,792) |
| Loss before provision for income taxes | (25,528) | (48,525) | (59,713) |
| Income tax provision | 84 | 6 | — |
| Net loss and comprehensive loss | $(25,612) | $(48,531) | $(59,713) |
| Net loss per share attributable to Class A and Class B common stockholders, basic and diluted(1) | $(0.46) | $(1.11) | $(1.66) |
| Weighted average Class A and Class B common shares outstanding | 56,209,667 | 43,543,023 | 36,011,446 |
(1) On July 6, 2023, all shares of the Company’s then outstanding Class B common stock were automatically converted into the same number of Class A common stock, pursuant to the terms of the Company’s Amended and Restated Certificate of Incorporation. No additional shares of Class B common stock will be issued following such conversion. See Note 13 for further details.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.