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 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 September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | $37,162 | $32,589 | $108,073 | $93,842 |
| Cost of revenue | 14,091 | 14,789 | 42,705 | 43,002 |
| Gross profit | 23,071 | 17,800 | 65,368 | 50,840 |
| Operating expenses: | ||||
| Research and development | 11,235 | 10,734 | 34,968 | 30,069 |
| Sales and marketing | 8,996 | 11,723 | 28,431 | 32,736 |
| General and administrative | 6,161 | 7,541 | 20,927 | 20,552 |
| Total operating expenses | 26,392 | 29,998 | 84,326 | 83,357 |
| Loss from operations | (3,321) | (12,198) | (18,958) | (32,517) |
| Investment income | 477 | 313 | 1,510 | 1,059 |
| Interest expense | (934) | (868) | (2,667) | (2,690) |
| Loss before provision for income taxes | (3,778) | (12,753) | (20,115) | (34,148) |
| Income tax provision | — | — | 84 | 6 |
| Net loss and comprehensive loss | $(3,778) | $(12,753) | $(20,199) | $(34,154) |
| Net loss per share, basic and diluted | $(0.07) | $(0.29) | $(0.36) | $(0.81) |
| Weighted average common shares outstanding, basic and diluted | 56,977,764 | 43,515,110 | 55,557,541 | 41,973,727 |
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