NASDAQ: BLZE
Backblaze, Inc.CIK 0001462056 · SIC 7372 · Prepackaged Software
Small
Revenue $146M
Assets $428M
as of Nov 6, 2026
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10-Q
Filed Nov 2, 2026
· Period ending Sep 30, 2026
Summary not yet generated.
8-K
Filed Nov 2, 2026
· Period ending Nov 2, 2026
Summary not yet generated.
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8-K
Filed Aug 24, 2026
· Period ending Aug 19, 2026
Summary not yet generated.
8-K
Filed Aug 19, 2026
· Period ending Aug 18, 2026
Summary not yet generated.
424B3
Filed Aug 17, 2026
Summary not yet generated.
10-Q
Filed Aug 3, 2026
· Period ending Jun 30, 2026
Summary not yet generated.
10-K
Filed Mar 10, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
10-K/A
Filed May 7, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
10-K
Filed Mar 11, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
424B5
Filed Nov 21, 2024
Summary not yet generated.
424B5
Filed Nov 20, 2024
Summary not yet generated.
424B4
Filed Nov 12, 2021
Summary not yet generated.
S-1/A
Filed Nov 8, 2021
Summary not yet generated.
S-1/A
Filed Nov 4, 2021
Summary not yet generated.
S-1/A
Filed Nov 2, 2021
Summary not yet generated.
S-1
Filed Oct 18, 2021
Summary not yet generated.
Latest financial statements
From 10-Q filed Nov 2, 2026 (period ending Sep 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
(in thousands, except share and per share data)
| Description | Three months ended September 30, 2026 | Three months ended September 30, 2025 | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|---|---|
| Revenue | 46,654 | 37,162 | 128,033 | 108,073 |
| Cost of revenue | 16,816 | 14,091 | 47,832 | 42,705 |
| Gross profit | 29,838 | 23,071 | 80,201 | 65,368 |
| Operating expenses: | ||||
| Research and development | 11,346 | 11,235 | 33,634 | 34,968 |
| Sales and marketing | 10,739 | 8,996 | 31,238 | 28,431 |
| General and administrative | 9,163 | 6,350 | 26,266 | 20,490 |
| Total operating expenses | 31,248 | 26,581 | 91,138 | 83,889 |
| Loss from operations | (1,410) | (3,510) | (10,937) | (18,521) |
| Investment income | 1,024 | 477 | 1,809 | 1,510 |
| Interest expense | (1,981) | (934) | (4,453) | (2,667) |
| Other income (expense), net | 63 | 189 | 109 | (437) |
| Loss before provision for income taxes | (2,304) | (3,778) | (13,472) | (20,115) |
| Income tax provision | 60 | — | 128 | 84 |
| Net loss and comprehensive loss | (2,364) | (3,778) | (13,600) | (20,199) |
| Net loss per share, basic and diluted | (0.04) | (0.07) | (0.22) | (0.36) |
| Weighted average common shares outstanding, basic and diluted | 62,536,342 | 56,977,764 | 60,885,388 | 55,557,541 |
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands, except share and per share data)
| Description | September 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | 189,018 | 29,182 |
| Marketable securities | 41,223 | 22,199 |
| Accounts receivable, net | 6,678 | 3,482 |
| Prepaid expenses | 4,090 | 4,195 |
| Other current assets | 9,008 | 6,630 |
| Total current assets | 250,017 | 65,688 |
| Property and equipment, net | 79,453 | 57,310 |
| Operating lease right-of-use assets, net | 37,482 | 22,713 |
| Capitalized internal-use software, net | 43,026 | 40,825 |
| Other assets | 17,614 | 5,290 |
| Total assets | 427,592 | 191,826 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable, accrued expenses and other current liabilities | 24,000 | 10,994 |
| Operating lease liabilities, current | 7,549 | 5,253 |
| Finance lease liabilities and lease financing obligations, current | 17,651 | 14,873 |
| Deferred revenue, current | 29,755 | 30,498 |
| Total current liabilities | 78,955 | 61,618 |
| Operating lease liabilities, non-current | 33,089 | 20,166 |
| Finance lease liabilities and lease financing obligations, non-current | 34,504 | 21,292 |
| Long-term debt, net | 194,485 | — |
| Deferred revenue and other liabilities, non-current | 5,266 | 5,529 |
| Total liabilities | 346,299 | 108,605 |
| Commitments and contingencies (Note 9) | ||
| Stockholders’ Equity | ||
| Preferred Stock, $0.0001 par value; 10,000,000 shares authorized as of September 30, 2026 and December 31, 2025; zero shares issued and outstanding as of September 30, 2026 and December 31, 2025 | — | — |
| Class A common stock, $0.0001 par value; 113,000,000 shares authorized as of September 30, 2026 and December 31, 2025; 63,705,070 shares issued and 63,134,256 shares outstanding as of September 30, 2026 and 58,962,339 shares issued and 58,705,790 shares outstanding as of December 31, 2025. | 6 | 6 |
| Class B common stock, $0.0001 par value; 295,986 shares authorized as of September 30, 2026 and December 31, 2025; zero shares issued and outstanding as of September 30, 2026 and December 31, 2025. | — | — |
| Treasury stock, at cost; 570,814 and 256,549 shares as of September 30, 2026 and December 31, 2025, respectively | (3,358) | (1,983) |
| Additional paid-in capital | 319,842 | 306,795 |
| Accumulated deficit | (235,197) | (221,597) |
| Total stockholders’ equity | 81,293 | 83,221 |
| Total liabilities and stockholders’ equity | 427,592 | 191,826 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | (13,600) | (20,199) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Noncash lease expense on operating leases | 4,826 | 3,365 |
| Depreciation and amortization | 21,431 | 19,282 |
| Impairment loss on right-of-use assets | — | 59 |
| Stock-based compensation | 23,720 | 20,108 |
| Loss (gain) on disposal of property and equipment | 30 | (363) |
| Stock-based consideration to a customer | 70 | — |
| Other, net | 102 | 425 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (3,196) | (1,531) |
| Prepaid expenses and other current assets | (2,140) | (2,052) |
| Other assets | (9,182) | (1,704) |
| Accounts payable, accrued expenses and other current liabilities | 5,964 | 7 |
| Deferred revenue and other liabilities, non-current | (1,006) | 298 |
| Operating lease liabilities | (4,230) | (3,464) |
| Net cash provided by operating activities | 22,789 | 14,231 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchases of marketable securities | (38,694) | (34,396) |
| Maturities of marketable securities | 19,727 | 22,341 |
| Proceeds from disposal of property and equipment | 24 | 154 |
| Purchases of property and equipment | (4,356) | (4,429) |
| Capitalized internal-use software costs | (7,906) | (5,890) |
| Net cash used in investing activities | (31,205) | (22,220) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from issuance of convertible senior notes | 201,250 | — |
| Payment for capped calls related to convertible senior notes | (17,529) | — |
| Principal payments on finance leases and lease financing obligations | (13,030) | (13,898) |
| Payment of debt issuance costs | (6,512) | (602) |
| Proceeds from borrowings under revolving credit facility | — | 2,454 |
| Payment of offering costs | — | (20) |
| Purchase of treasury stock | (1,375) | (1,185) |
| Proceeds from exercises of stock options | 7,198 | 4,746 |
| Taxes paid for net share settlement of equity awards | (2,550) | (1,593) |
| Proceeds from ESPP | 1,071 | 1,388 |
| Other | (271) | — |
| Net cash provided by (used in) financing activities | 168,252 | (8,710) |
| Net increase (decrease) in cash and cash equivalents | 159,836 | (16,699) |
| Cash and cash equivalents, at beginning of period | 29,182 | 45,776 |
| Cash and cash equivalents, at end of period | 189,018 | 29,077 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Cash paid for interest | 4,141 | 2,626 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
| Accrued bonus and other liability awards settled in common stock | 4,355 | 2,014 |
| Amortization of customer warrant | 3,132 | — |
| Accruals related to debt issuance costs | 660 | — |
Amounts as printed on the EDGAR/iXBRL face — (in thousands, except share and per share data); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗