Backblaze Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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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.
Sep 30, 2024 · Filed Nov 7, 2024
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)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $2,950 | $12,502 |
| Short-term investments, net | 17,931 | 16,799 |
| Accounts receivable, net | 2,762 | 800 |
| Prepaid expenses and other current assets | 8,254 | 8,413 |
| Total current assets | 31,897 | 38,514 |
| Restricted cash, non-current | 4,682 | 4,128 |
| Property and equipment, net | 41,532 | 45,600 |
| Operating lease right-of-use assets, net | 15,729 | 9,980 |
| Capitalized internal-use software, net | 41,037 | 32,521 |
| Other assets | 1,367 | 944 |
| Total assets | $136,244 | $131,687 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $1,670 | $1,973 |
| Accrued expenses and other current liabilities | 7,016 | 8,768 |
| Finance lease liabilities and lease financing obligations, current | 16,520 | 18,492 |
| Operating lease liabilities, current | 3,853 | 1,878 |
| Deferred revenue, current | 30,139 | 25,976 |
| Total current liabilities | 59,198 | 57,087 |
| Debt facility, non-current | 4,682 | 4,128 |
| Deferred revenue, non-current | 5,210 | 4,073 |
| Finance lease liabilities and lease financing obligations, non-current | 11,881 | 13,310 |
| Operating lease liabilities, non-current | 12,442 | 8,151 |
| Total liabilities | $93,413 | $86,749 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ Equity | ||
| Class A common stock, $0.0001 par value; 113,000,000 shares authorized as of September 30, 2024 and December 31, 2023; 44,265,173 and 39,150,610 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively. | 4 | 4 |
| Additional paid-in capital | 224,435 | 192,388 |
| Accumulated deficit | (181,608) | (147,454) |
| Total stockholders’ equity | 42,831 | 44,938 |
| Total liabilities and stockholders’ equity | $136,244 | $131,687 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.