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Backblaze, Inc. BLZE Reportable Segment — Adjusted sales and marketing

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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:SellingAndMarketingExpenseAdjusted.

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
Revenue$38,666$34,613
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

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Backblaze, Inc.'s reportable segment — adjusted sales and marketing?
Backblaze, Inc. (BLZE) reported reportable segment — adjusted sales and marketing of $7.28M in Q1 2026.
How has Backblaze, Inc.'s reportable segment — adjusted sales and marketing changed year-over-year?
Backblaze, Inc.'s reportable segment — adjusted sales and marketing decreased by 1.9% year-over-year, from $7.43M to $7.28M.
What is the long-term trend for Backblaze, Inc.'s reportable segment — adjusted sales and marketing?
Over 2 years (2023 to 2025), Backblaze, Inc.'s reportable segment — adjusted sales and marketing has grown at a -1.5% compound annual growth rate (CAGR), from $31.34M to $30.41M.
What does reportable segment — adjusted sales and marketing mean?
This reflects the adjusted costs related to acquiring new customers and promoting the company's cloud storage and backup solutions. It is a critical measure of the company's investment in growth and its effectiveness in expanding its user base.

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