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Backblaze, Inc. BLZE Reportable Segment — Net loss

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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:NetIncomeLoss.

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
Investment income404533
Interest expense(1,209)(853)
Other income (expense), net39(149)
Loss before provision for income taxes(6,119)(9,240)
Income tax provision2884
Net loss and comprehensive loss$(6,147)$(9,324)
Net loss per share, basic and diluted$(0.10)$(0.17)
Weighted average common shares outstanding, basic and diluted59,290,19554,060,249

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Backblaze, Inc.'s reportable segment — net loss?
Backblaze, Inc. (BLZE) reported reportable segment — net loss of -$6.15M in Q1 2026.
How has Backblaze, Inc.'s reportable segment — net loss changed year-over-year?
Backblaze, Inc.'s reportable segment — net loss increased by 34.1% year-over-year, from -$9.32M to -$6.15M.
What is the long-term trend for Backblaze, Inc.'s reportable segment — net loss?
Over 2 years (2023 to 2025), Backblaze, Inc.'s reportable segment — net loss has grown at a -34.5% compound annual growth rate (CAGR), from -$59.71M to -$25.61M.
What does reportable segment — net loss mean?
This metric represents the net financial result for the company's primary reportable business segment after accounting for all allocated operating expenses, depreciation, and amortization. It serves as a key indicator of the segment's profitability and its contribution to the overall financial performance of the enterprise. Investors use this figure to evaluate the operational efficiency and economic viability of the core cloud storage and backup service offerings.

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