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Backblaze, Inc. BLZE Reportable Segment — Depreciation

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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 us-gaap:Depreciation.

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 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
Other segment items(3)794553

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Backblaze, Inc.'s reportable segment — depreciation?
Backblaze, Inc. (BLZE) reported reportable segment — depreciation of $3.75M in Q1 2026.
How has Backblaze, Inc.'s reportable segment — depreciation changed year-over-year?
Backblaze, Inc.'s reportable segment — depreciation decreased by 28.6% year-over-year, from $5.25M to $3.75M.
What is the long-term trend for Backblaze, Inc.'s reportable segment — depreciation?
Over 2 years (2023 to 2025), Backblaze, Inc.'s reportable segment — depreciation has grown at a -15.8% compound annual growth rate (CAGR), from $21.29M to $15.09M.
What does reportable segment — depreciation mean?
This non-cash expense accounts for the systematic allocation of the cost of tangible assets, such as servers and data center equipment, over their useful lives. It is essential for understanding the capital-intensive nature of the cloud storage business model.

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