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Backblaze, Inc. BLZE Finance Lease Liabilities

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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:FinanceLeaseLiability.

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
Year Ending December 31,Finance leasesLease financing obligationsTotal
202715,63115,631
20287,8087,808
20296,8546,854
20301,6531,653
Thereafter123123
Total future minimum lease and financing commitments46,51233946,851
Less imputed interest(8,032)(11)(8,043)
Total finance lease and lease financing obligation liabilities$38,480$328$38,808

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Backblaze, Inc.'s finance lease liabilities?
Backblaze, Inc. (BLZE) reported finance lease liabilities of $38.48M in Q1 2026.
How has Backblaze, Inc.'s finance lease liabilities changed year-over-year?
Backblaze, Inc.'s finance lease liabilities increased by 26.9% year-over-year, from $30.32M to $38.48M.
What is the long-term trend for Backblaze, Inc.'s finance lease liabilities?
Over 3 years (2022 to 2025), Backblaze, Inc.'s finance lease liabilities has grown at a 4.6% compound annual growth rate (CAGR), from $31.22M to $35.7M.
What does finance lease liabilities mean?
Present value of future payments on leases classified as finance leases under ASC 842 — treated similarly to debt on the balance sheet.

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