Backblaze Inc
For the period ended Dec 31, 2024. Filed Mar 11, 2025.
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FY2024 · Filed Mar 11, 2025
BLZE$7.99-3.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(in thousands, except share and per share data)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $45,776 | $12,502 |
| Accounts receivable, net | 1,831 | 800 |
| Short-term investments, net | 9,139 | 16,799 |
| Prepaid expenses and other current assets | 9,002 | 8,413 |
| Total current assets | 65,748 | 38,514 |
| Restricted cash, non-current | — | 4,128 |
| Property and equipment, net | 42,949 | 45,600 |
| Operating lease right-of-use assets, net | 15,873 | 9,980 |
| Capitalized internal-use software, net | 41,801 | 32,521 |
| Other assets | 2,187 | 944 |
| Total assets | $168,558 | $131,687 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $1,459 | $1,973 |
| Accrued expenses and other current liabilities | 7,584 | 8,768 |
| Finance lease liabilities and lease financing obligations, current | 16,327 | 18,492 |
| Operating lease liabilities, current | 4,026 | 1,878 |
| Deferred revenue, current | 30,407 | 25,976 |
| Total current liabilities | 59,803 | 57,087 |
| Finance lease liabilities and lease financing obligations, non-current | 13,142 | 13,310 |
| Operating lease liabilities, non-current | 12,844 | 8,151 |
| Deferred revenue, non-current | 5,147 | 4,073 |
| Debt facility, non-current | — | 4,128 |
| Total liabilities | $90,936 | $86,749 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ Equity | ||
| Preferred stock, 0.0001 par value; 10,000,000 shares authorized as of December 31, 2024 and 2023; zero shares issued and outstanding as of December 31, 2024 and 2023. | — | — |
| Class A common stock, $0.0001 par value; 113,000,000 shares authorized as of December 31, 2024 and 2023; 53,375,770 and 39,150,610 shares issued and outstanding as of December 31, 2024 and 2023, respectively. | 5 | 4 |
| Class B common stock, 0.0001 par value; 295,986 shares authorized as of December 31, 2024 and 2023; zero shares issued and outstanding as of December 31, 2024 and 2023 | — | — |
| Additional paid-in capital | 273,602 | 192,388 |
| Accumulated deficit | (195,985) | (147,454) |
| Total stockholders’ equity | 77,622 | 44,938 |
| Total liabilities and stockholders’ equity | $168,558 | $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.