Backblaze, Inc.
For the period ended Mar 31, 2025. Filed May 7, 2025.
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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.
Mar 31, 2025 · Filed May 7, 2025
BLZE$7.990.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(in thousands, except share and per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue | $34,613 | $29,968 |
| Cost of revenue | 15,357 | 14,157 |
| Gross profit | 19,256 | 15,811 |
| Operating expenses: | ||
| Research and development | 11,855 | 9,746 |
| Sales and marketing | 9,263 | 10,022 |
| General and administrative | 7,058 | 6,553 |
| Total operating expenses | 28,176 | 26,321 |
| Loss from operations | (8,920) | (10,510) |
| Investment income | 533 | 384 |
| Interest expense | (853) | (921) |
| Loss before provision for income taxes | (9,240) | (11,047) |
| Income tax provision | 84 | 6 |
| Net loss and comprehensive loss | $(9,324) | $(11,053) |
| Net loss per share, basic and diluted | $(0.17) | $(0.27) |
| Weighted average common shares outstanding, basic and diluted | 54,060,249 | 40,225,239 |
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