Backblaze, Inc.

BLZE

BLZEBackblaze, Inc. US flag

NASDAQ Global Market

13.48

USD

+0.32

- -

809.00MMarket Cap

Income Statement (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	41	54	67	85	102	128	146
+ Sales & Services Revenue	41	54	67	85	102	128	146
- Cost of Revenue	20	26	33	41	52	58	57
+ Cost of Goods & Services	20	26	33	41	52	58	57
Gross Profit	21	28	34	44	50	69	89
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	20	32	53	92	108	116	112
+ Selling, General & Admin	11	19	33	59	68	74	66
+ Research & Development	8	13	21	33	40	42	46
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	1	-4	-19	-48	-58	-46	-24
- Non-Operating (Income) Loss	2	3	3	3	2	2	2
+ Interest Expense, Net	2	3	4	4	4	4	4
+ Interest Expense	2	3	4	4	4	4	4
- Interest Income	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	-1	-1	-2	-1	-2
Pretax Income	-1	-7	-22	-51	-60	-49	-26
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-1	-7	-22	-51	-60	-49	-26
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-1	-7	-22	-51	-60	-49	-26
- Minority Interest	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-1	-7	-22	-51	-60	-49	-26
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-1	-7	-22	-51	-60	-49	-26
EBIT	1	-4	-19	-48	-58	-46	-24
EBITDA	10	9	-2	-28	-33	-18	2
EBITDA Margin (%)	25.2	17.14	-3.66	-32.84	-32.34	-14.07	1.35
EBITA	1	-4	-19	-48	-58	-46	-24
Gross Margin (%)	50.61	52.03	50.89	51.51	48.87	54.33	60.89
Operating Margin (%)	2.33	-6.94	-27.85	-56.5	-56.76	-36.27	-16.2
Profit Margin (%)	-2.44	-12.31	-32.16	-60.36	-58.53	-38.03	-17.56
Sales per Employee	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	9	13	16	20	25	28	26
Basic Weighted Avg Shares	22	22	20	32	36	44	56
Basic EPS, GAAP	-0.05	-0.3	-1.07	-1.62	-1.66	-1.11	-0.46
Basic EPS from Cont Ops	-0.05	-0.3	-1.07	-1.62	-1.66	-1.11	-0.46
Diluted Weighted Avg Shares	22	22	20	32	36	44	56
Diluted EPS, GAAP	-0.05	-0.3	-1.07	-1.62	-1.66	-1.11	-0.46
Diluted EPS from Cont Ops	-0.05	-0.3	-1.07	-1.62	-1.66	-1.11	-0.46

Balance Sheet (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	9	9	111	74	39	66	66
+ Cash, Cash Equivalents & STI	7	6	105	65	29	55	51
+ Cash & Cash Equivalents	7	6	105	7	13	46	29
+ ST Investments	- -	- -	- -	59	17	9	22
+ Accounts & Notes Receiv	1	1	2	3	4	6	8
+ Accounts Receivable, Net	- -	- -	- -	1	1	2	3
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	1	1	2	2	4	4	4
+ Inventories	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	1	2	4	6	5	5	6
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	30	45	52	78	93	103	126
+ Property, Plant & Equip, Net	25	39	43	56	56	59	80
+ Property, Plant & Equip	48	71	86	117	135	155	188
- Accumulated Depreciation	23	32	43	60	79	96	108
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	5	6	9	22	38	44	46
+ Total Intangible Assets	4	6	8	17	33	42	41
+ Goodwill	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	4	6	8	17	33	42	41
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1	1	2	5	5	2	5
Total Assets	39	54	164	152	132	169	192
+ Payables & Accruals	4	5	7	9	5	4	5
+ Accounts Payable	2	2	2	3	2	1	2
+ Accrued Taxes	2	2	4	1	1	1	1
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	1	2	4	2	1	2
+ ST Debt	8	12	14	21	20	20	20
+ ST Borrowings	- -	1	- -	- -	- -	- -	- -
+ ST Finance Leases	8	11	14	21	20	20	20
+ Other ST Liabilities	16	19	24	27	31	35	37
+ Deferred Revenue	16	18	22	23	26	30	30
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	2	2	4	5	5	6
Total Current Liabilities	28	36	45	56	57	60	62
+ LT Debt	9	20	20	25	26	26	41
+ LT Borrowings	- -	2	- -	4	4	- -	- -
+ LT Finance Leases	9	18	20	21	21	26	41
+ Other LT Liabilities	4	5	3	3	4	5	6
+ Accrued Liabilities	2	2	3	3	4	5	6
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	3	4	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	13	25	23	27	30	31	47
Total Liabilities	41	61	68	84	87	91	109
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	6	8	132	156	192	274	307
+ Common Stock	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	6	8	132	156	192	274	307
- Treasury Stock	- -	- -	- -	- -	- -	- -	2
+ Retained Earnings	-8	-15	-36	-88	-147	-196	-222
+ Other Equity	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	-3	-7	95	69	45	78	83
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
Total Equity	-3	-7	95	69	45	78	83
Total Liabilities & Equity	39	54	164	152	132	169	192
Shares Outstanding	29	29	30	33	39	53	59
Number of Employees	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	17	29	33	41	42	46	62
Net Debt	-7	-4	-105	-2	-8	-46	-29
Net Debt to Equity	269.01	55.61	-109.8	-3.47	-18.63	-58.97	-35.07
Tangible Common Equity Ratio	-18.63	-25.67	56.33	38.34	12.52	28.26	28.08
Current Ratio	0.32	0.25	2.47	1.32	0.67	1.1	1.07
Cash Conversion Cycle	- -	-22.1	-19.44	-21.18	-15.43	-6.98	-3.1

Cash Flow Statement (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	-1	-7	-22	-51	-60	-49	-26
+ Depreciation & Amortization	9	13	16	20	25	28	26
+ Non-Cash Items	1	3	5	19	28	33	33
+ Stock-Based Compensation	1	2	6	17	25	29	26
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	1	1
+ Other Non-Cash Adj	- -	1	-1	2	2	3	5
+ Chg in Non-Cash Work Cap	4	4	4	-1	- -	- -	-9
+ (Inc) Dec in Accts Receiv	- -	- -	- -	-1	- -	-1	-2
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	-1	-3	- -	- -	-1	-2
+ Inc (Dec) in Accts Payable	1	2	3	1	-2	- -	1
+ Inc (Dec) in Other	3	3	4	-1	2	2	-7
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	13	13	4	-14	-7	13	24
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-2	-2	-8	-7	-6	-2	-5
+ Acq of Fixed Prod Assets	-2	-2	-8	-7	-6	-2	-5
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	107	- -	- -	37	-2
+ Increase in Capital Stock	- -	- -	107	- -	- -	37	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	-2
+ Net Change in LT Investment	- -	- -	- -	-58	42	8	-13
+ Dec in LT Investment	- -	- -	- -	88	68	46	26
+ Inc in LT Investment	- -	- -	- -	-146	-26	-38	-40
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-2	-3	-4	-9	-15	-12	-8
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-3	-5	-11	-74	22	-6	-25
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	-8	-9	6	-12	-15	-24	-18
+ Cash From Debt	- -	2	21	4	9	1	2
+ Repayments of Debt	-8	-11	-16	-16	-24	-24	-21
+ Other Financing Activities	- -	- -	-6	6	6	9	5
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-8	-9	107	-6	-9	23	-15
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	2	-1	99	-94	5	29	-17
EBITDA	10	9	-2	-28	-33	-18	2
EBITDA Margin (%)	25.2	17.14	-3.66	-32.84	-32.34	-14.07	1.35
Free Cash Flow	12	11	-4	-21	-13	11	19
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	2	2	-33	-28	-12	1
Free Cash Flow per Basic Share	0.53	0.48	-0.2	-0.67	-0.36	0.25	0.34
Price/Free Cash Flow	- -	- -	31.01	-30.27	-148.71	18.44	9.28
Cash Flow to Net Income	-13.26	-1.94	-0.16	0.27	0.12	-0.26	-0.92
Capital Expenditures	-2	-2	-8	-7	-6	-2	-5