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Backblaze, Inc. BLZE Cash & Equivalents

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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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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:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents.

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
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 period29,18245,776
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

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Backblaze, Inc.'s cash & equivalents?
Backblaze, Inc. (BLZE) reported cash & equivalents of $26.28M in Q1 2026.
How has Backblaze, Inc.'s cash & equivalents changed year-over-year?
Backblaze, Inc.'s cash & equivalents decreased by 35.3% year-over-year, from $40.61M to $26.28M.
What is the long-term trend for Backblaze, Inc.'s cash & equivalents?
Over 5 years (2020 to 2025), Backblaze, Inc.'s cash & equivalents has grown at a 36.9% compound annual growth rate (CAGR), from $6.08M to $29.18M.
What does cash & equivalents mean?
Cash on hand plus highly liquid investments with maturities of three months or less at purchase — treasury bills, money market funds, and commercial paper.

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