Backblaze, Inc.
For the period ended Mar 31, 2026. Filed May 4, 2026.
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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, 2026 · Filed May 4, 2026
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 Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(6,147) | $(9,324) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Noncash lease expense on operating leases | 1,310 | 925 |
| Depreciation and amortization | 6,740 | 7,764 |
| Stock-based compensation | 6,901 | 7,359 |
| Gain on disposal of property and equipment | (13) | (174) |
| Other, net | (35) | 172 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (779) | 61 |
| Prepaid expenses and other current assets | (2,275) | (1,102) |
| Other assets | (1,049) | (129) |
| Accounts payable, accrued expenses and other current liabilities | 111 | 199 |
| Deferred revenue and other liabilities, non-current | 415 | 798 |
| Operating lease liabilities | (1,819) | (1,606) |
| Net cash provided by operating activities | 3,360 | 4,943 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchases of marketable securities | (4,965) | (18,285) |
| Maturities of marketable securities | 8,000 | 14,765 |
| Proceeds from disposal of property and equipment | 17 | 14 |
| Purchases of property and equipment | (651) | (503) |
| Capitalized internal-use software costs | (2,112) | (2,123) |
| Net cash provided by (used in) investing activities | 289 | (6,132) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Principal payments on finance leases and lease financing obligations | (4,230) | (4,543) |
| Payment of offering costs | — | (10) |
| Payment of debt issuance costs | — | (20) |
| Purchase of treasury stock | (809) | — |
| Proceeds from exercises of stock options | 351 | 1,050 |
| Taxes paid for net share settlement of equity awards | (1,778) | (458) |
| Other | (89) | — |
| Net cash used in financing activities | (6,555) | (3,981) |
| Net decrease in cash and cash equivalents | (2,906) | (5,170) |
| Cash and cash equivalents, at beginning of period | 29,182 | 45,776 |
| Cash and cash equivalents, at end of period | $26,276 | $40,606 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Cash paid for interest | $1,129 | $829 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
| Accrued bonus settled in restricted stock units | $4,130 | $2,014 |
| Accruals related to purchases of property and equipment | $227 | $42 |
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