Backblaze, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 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.
Sep 30, 2025 · Filed Nov 6, 2025
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 30,2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $29,077 | $45,776 |
| Marketable securities | 21,195 | 9,139 |
| Accounts receivable, net | 3,362 | 1,831 |
| Prepaid expenses | 4,182 | 3,458 |
| Other current assets | 7,174 | 5,544 |
| Total current assets | 64,990 | 65,748 |
| Property and equipment, net | 55,755 | 42,949 |
| Operating lease right-of-use assets, net | 24,929 | 15,873 |
| Capitalized internal-use software, net | 41,460 | 41,801 |
| Other assets | 4,396 | 2,187 |
| Total assets | $191,530 | $168,558 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable, accrued expenses and other current liabilities | $8,714 | $9,043 |
| Finance lease liabilities and lease financing obligations, current | 15,208 | 16,327 |
| Operating lease liabilities, current | 4,973 | 4,026 |
| Deferred revenue, current | 30,386 | 30,407 |
| Total current liabilities | 59,281 | 59,803 |
| Finance lease liabilities and lease financing obligations, non-current | 20,252 | 13,142 |
| Operating lease liabilities, non-current | 21,248 | 12,844 |
| Deferred revenue, non-current and other liabilities, non-current | 5,466 | 5,147 |
| Debt facility, non-current | 2,454 | — |
| Total liabilities | 108,701 | 90,936 |
| Commitments and contingencies (Note 9) | ||
| Stockholders’ Equity | ||
| Preferred Stock, $0.001 par value; 10,000,000 shares authorized as of September 30, 2025 and December 31, 2024; zero shares issued and outstanding as of September 30, 2025 and December 31, 2024 | — | — |
| Class A common stock, $0.0001 par value; 113,000,000 shares authorized as of both September 30, 2025 and December 31, 2024; 57,820,465 shares issued and 57,678,396 shares outstanding as of September 30, 2025 and 53,375,770 shares issued and outstanding as of December 31, 2024. | 6 | 5 |
| Class B common stock, $0.0001 par value; 295,986 shares authorized as of September 30, 2025 and December 31, 2024; zero shares issued and outstanding as of September 30, 2025 and December 31, 2024. | — | — |
| Treasury stock, at cost; 142,069 and zero shares as of September 30, 2025 and December 31, 2024, respectively | (1,185) | — |
| Additional paid-in capital | 300,192 | 273,602 |
| Accumulated deficit | (216,184) | (195,985) |
| Total stockholders’ equity | 82,829 | 77,622 |
| Total liabilities and stockholders’ equity | $191,530 | $168,558 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.