Backblaze, Inc.
For the period ended Dec 31, 2025. Filed Mar 10, 2026.
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FY2025 · Filed Mar 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Stockholders’ Equity
(in thousands, except share data)
| Class A Common Stock(1) · Treasury Stock · AdditionalPaid-inCapital · AccumulatedDeficit · Total | |||||||
|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | |||||||
| Balance as of December 31, 2022 | 33,393,737 | $4 | — | $— | $156,485 | $(87,741) | $68,748 |
| Net loss | — | — | — | — | — | (59,713) | (59,713) |
| Issuance of common stock upon exercise of stock options | 2,446,846 | — | — | — | 4,613 | — | 4,613 |
| Issuance of common stock related to the 2021 Equity Incentive Plan | 2,327,073 | — | — | — | — | — | — |
| Issuance of common stock related to the 2021 Employee Stock Purchase Plan | 695,046 | — | — | — | 2,339 | — | 2,339 |
| Issuance of restricted stock units related to bonus plans | 287,908 | — | — | — | 1,848 | — | 1,848 |
| Stock-based compensation | — | — | — | — | 27,103 | — | 27,103 |
| Balance as of December 31, 2023 | 39,150,610 | 4 | — | — | 192,388 | (147,454) | 44,938 |
| Net loss | — | — | — | — | — | (48,531) | (48,531) |
| Issuance of shares of common stock upon public offering, net of underwriting discounts and commissions and other offering costs | 7,187,500 | 1 | — | — | 36,980 | — | 36,981 |
| Issuance of common stock upon exercise of stock options | 2,526,902 | — | — | — | 7,537 | — | 7,537 |
| Issuance of common stock related to the 2021 Equity Incentive Plan | 3,434,104 | — | — | — | — | — | — |
| Issuance of common stock related to the 2021 Employee Stock Purchase Plan | 780,206 | — | — | — | 2,768 | — | 2,768 |
| Issuance of restricted stock units related to bonus plans | 296,448 | — | — | — | 3,507 | — | 3,507 |
| Stock-based compensation | — | — | — | — | 30,422 | — | 30,422 |
| Balance as of December 31, 2024 | 53,375,770 | 5 | — | — | 273,602 | (195,985) | 77,622 |
| Net loss | — | — | — | — | — | (25,612) | (25,612) |
| Purchase of treasury stock | — | — | (256,549) | (1,983) | — | — | (1,983) |
| Issuance of common stock upon exercise of stock options | 1,580,237 | — | — | — | 5,268 | — | 5,268 |
| Issuance of common stock related to the 2021 Equity Incentive Plan | 3,085,157 | 1 | — | — | (1,918) | — | (1,917) |
| Issuance of common stock related to the 2021 Employee Stock Purchase Plan | 619,604 | — | — | — | 2,550 | — | 2,550 |
| Issuance of restricted stock units related to bonus plans | 301,571 | — | — | — | 2,014 | — | 2,014 |
| Stock-based compensation | — | — | — | — | 25,279 | — | 25,279 |
| Balance as of December 31, 2025 | 58,962,339 | $6 | (256,549) | $(1,983) | $306,795 | $(221,597) | $83,221 |
(1) On July 6, 2023, all shares of the Company’s then outstanding Class B common stock were automatically converted into the same number of Class A common stock, pursuant to the terms of the Company’s Amended and Restated Certificate of Incorporation. No additional shares of Class B common stock will be issued following such conversion. See Note 13 for further details.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.