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Backblaze, Inc. BLZE Reportable Segment — Adjusted general and administrative

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Other financials

Income statement

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Revenue$38.7M+11.7%
Gross profit$23.5M+22.2%
Operating income-$5.4M+39.0%
Net income-$6.1M+34.1%
EPS (diluted)-$0.10+41.2%

Balance sheet

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Cash & equivalents$26.3M-35.3%
Total debt$62.0M+35.7%
Total equity$84.6M+8.8%
Total assets$192.7M+13.2%

Cash flow

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Operating cash flow$3.4M-32.0%
CapEx$651.0K+29.4%
Free cash flow$2.7M-39.0%

Valuation

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Market cap$1.16B+197%
Enterprise value$1.2B+186%
P/S7.8×+4.9×

Profitability

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Gross margin62.1%+7.1pp
Operating margin-13.4%-5.0pp
Net margin-15%-5.5pp
FCF margin11.4%+2.2pp

Returns & leverage

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Return on equity-27.6%-10.7pp
Debt / equity0.7×+0.1×
Current ratio0.0×

Where this comes from

Reported directly by Backblaze, Inc. in its filing.

Tagged under the XBRL concept blze:GeneralAndAdministrativeExpenseAdjusted.

The source filing: Backblaze, Inc.’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 4:06 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-029797
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Adjusted cost of revenue7,9297,293
Adjusted research and development8,2108,330
Adjusted sales and marketing7,2827,426
Adjusted general and administrative5,1025,212
Depreciation3,7505,251
Amortization(1)2,8432,513
Stock-based compensation(2)6,7127,359
Restructuring costs2,191

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Backblaze, Inc.'s reportable segment — adjusted general and administrative?
Backblaze, Inc. (BLZE) reported reportable segment — adjusted general and administrative of $5.1M in Q1 2026.
How has Backblaze, Inc.'s reportable segment — adjusted general and administrative changed year-over-year?
Backblaze, Inc.'s reportable segment — adjusted general and administrative decreased by 2.1% year-over-year, from $5.21M to $5.1M.
What is the long-term trend for Backblaze, Inc.'s reportable segment — adjusted general and administrative?
Over 2 years (2023 to 2025), Backblaze, Inc.'s reportable segment — adjusted general and administrative has grown at a -2.5% compound annual growth rate (CAGR), from $21.3M to $20.24M.
What does reportable segment — adjusted general and administrative mean?
This represents the adjusted overhead costs required to support the operations of the business segment, including management, legal, and administrative functions. It provides insight into the company's ability to manage its operating expenses as it scales.

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