Backblaze BLZE
$8.27 +$0.68 (+8.96%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $8.27 0.00%
Open$8.02
Prev close$7.59
Day range$7.80 – $8.34
Volume1.61M
Market cap$522.66M
P/E (TTM)–
Dividend yield–
Fundamentals
Latest reported quarter: Q2, ended Jun 2026
Revenue$42.71M+17.7% YoY
Operating profit-$4.17M+33.1% YoY
Net profit-$5.09M+28.3% YoY
Diluted EPS-$0.08+38.5% YoY
Free cash flow$6.58M+839.3% YoY
Operating cash flow$10.43M
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin62.0%
Operating margin-11.6%
Net margin-13.1%
Return on equity-24.3%
Return on assets-10.0%
Return on invested capital-11.3%
Current ratio1.00
Liabilities / assets60.4%
Cash & investments$49.88M
Total debt$61.03M
Net cash (debt)-$11.15M
Free cash flow / sales9.9%
Where the revenue comes from
Quarter 2026/Q2
By business line
Income statement
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $42.71M | $38.67M | $145.84M | $37.76M | $37.16M |
| Total Operating Revenue | $42.71M | $38.67M | $145.84M | $37.76M | $37.16M |
| Cost of Revenue | $15.88M | $15.14M | $57.04M | $14.34M | $14.09M |
| Gross Profit | $26.83M | $23.53M | $88.79M | $23.43M | $23.07M |
| Operating Expense | $31.01M | $28.88M | $112.42M | $28.09M | $26.39M |
| Selling and Admin Expenses | $20.01M | $17.60M | $66.31M | $16.95M | $15.16M |
| -Selling & Marketing Expense | $10.22M | $10.28M | $37.40M | $8.97M | $9.00M |
| -General & Admin Expense | $9.79M | $7.31M | $28.91M | $7.98M | $6.16M |
| Research & Development | $11.00M | $11.29M | $46.11M | $11.14M | $11.24M |
| Operating Profit | -$4.17M | -$5.35M | -$23.62M | -$4.67M | -$3.32M |
| Net Non-Operating Interest Income (Expense) | -$1.26M | -$1.21M | -$3.87M | -$1.20M | -$934,000.00 |
| Non-Operating Interest Expense | $1.26M | $1.21M | $3.87M | $1.20M | $934,000.00 |
| Other Income (Expense) | $388,000.00 | $443,000.00 | $1.96M | $451,000.00 | $477,000.00 |
| Gain on Sale of Security | $381,000.00 | $404,000.00 | $1.96M | $451,000.00 | $477,000.00 |
| Other Non-Operating Income (Expenses) | $7,000.00 | $39,000.00 | – | – | – |
| Pretax Profit | -$5.05M | -$6.12M | -$25.53M | -$5.41M | -$3.78M |
| Tax | $40,000.00 | $28,000.00 | $84,000.00 | $0.00 | $0.00 |
| Net Profit | -$5.09M | -$6.15M | -$25.61M | -$5.41M | -$3.78M |
| Profit from Continuing Operations | -$5.09M | -$6.15M | -$25.61M | -$5.41M | -$3.78M |
| Net Income to Parent Company | -$5.09M | -$6.15M | -$25.61M | -$5.41M | -$3.78M |
| Net Income to Common Stockholders | -$5.09M | -$6.15M | -$25.61M | -$5.41M | -$3.78M |
| Basic EPS | -$0.08 | -$0.10 | -$0.46 | -$0.09 | -$0.07 |
| Diluted EPS | -$0.08 | -$0.10 | -$0.46 | -$0.09 | -$0.07 |
Balance sheet
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Total Assets | $223.84M | $192.67M | $191.83M | $191.83M | $191.53M |
| Total Current Assets | $68.70M | $62.84M | $65.69M | $65.69M | $64.99M |
| Cash and Cash Equivalents & Short-Term Investments | $49.88M | $45.48M | $51.38M | $51.38M | $50.27M |
| -Cash and Cash Equivalents | $32.43M | $26.28M | $29.18M | $29.18M | $29.08M |
| -Short Term Investments | $17.45M | $19.21M | $22.20M | $22.20M | $21.20M |
| Receivables | $5.27M | $4.26M | $7.84M | $7.84M | $3.36M |
| -Accounts Receivable | $5.27M | $4.26M | $3.48M | $3.48M | $3.36M |
| Prepaid Assets | $9.14M | $7.41M | – | – | $4.18M |
| Other Current Assets | $4.42M | $5.69M | $6.46M | $6.46M | $7.17M |
| Total Non-Current Assets | $155.14M | $129.83M | $126.14M | $126.14M | $126.54M |
| Net PPE | $102.84M | $82.71M | $80.02M | $80.02M | $80.68M |
| -Gross PPE | $217.31M | $194.20M | $187.80M | $187.80M | $185.72M |
| -Accumulated Depreciation | -$114.47M | -$111.49M | -$107.77M | -$107.77M | -$105.03M |
| Goodwill and Other Intangible Assets | $42.24M | $40.86M | $40.83M | $40.83M | $41.46M |
| -Other Intangible Assets | $42.24M | $40.86M | $40.83M | $40.83M | $41.46M |
| Other Non-Current Assets | $10.06M | $6.27M | $5.29M | $5.29M | $4.40M |
| Total Liabilities | $135.30M | $108.02M | $108.61M | $108.61M | $108.70M |
| Total Current Liabilities | $68.80M | $59.94M | $61.62M | $61.62M | $59.28M |
| Short-Term Debt and Capital Lease Obligation | $21.41M | $19.71M | $20.13M | $20.13M | $20.18M |
| -Current Capital Lease Obligation | $21.41M | $19.71M | $20.13M | $20.13M | $20.18M |
| Current Deferred Liabilities | $30.43M | $31.00M | $30.50M | $30.50M | $30.39M |
| Total Non-Current Liabilities | $66.51M | $48.09M | $46.99M | $46.99M | $49.42M |
| Long Term Debt and Capital Lease Obligation | $61.03M | $42.64M | $41.46M | $41.46M | $43.95M |
| -Long Term Capital Lease Obligation | $61.03M | $42.64M | $41.46M | $41.46M | $41.50M |
| Other Non-Current Liabilities | $5.48M | $5.44M | – | – | – |
| Total Equity | $88.54M | $84.64M | $83.22M | $83.22M | $82.83M |
| Stockholders' Equity | $88.54M | $84.64M | $83.22M | $83.22M | $82.83M |
| Capital Stock | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 |
| -Common Stock | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 |
| -Preferred Stock | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Additional Paid-In Capital | $324.72M | $315.17M | $306.80M | $306.80M | $300.19M |
| Retained Earnings | -$232.83M | -$227.74M | -$221.60M | -$221.60M | -$216.18M |
| Less: Treasury Stock | $3.36M | $2.79M | $1.98M | $1.98M | $1.19M |
| -Other Receivables | – | – | $4.36M | $4.36M | – |
| Payables | – | – | $2.81M | $2.81M | $8.71M |
| -Accounts Payable | – | – | $1.59M | $1.59M | $8.71M |
| -Total Tax Payable | – | – | $1.23M | $1.23M | – |
| Current Accrued Expenses | – | – | $1.82M | $1.82M | – |
| Other Current Liabilities | – | – | $559,000.00 | $559,000.00 | – |
| Non-Current Deferred Liabilities | – | – | $5.53M | $5.53M | $5.47M |
| -Long Term Debt | – | – | – | – | $2.45M |
Cash flow
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Operating Cash Flow | $10.43M | $3.36M | $23.54M | $9.31M | $5.74M |
| Net cash flow from continuing operations | $10.43M | $3.36M | $23.54M | $9.31M | $5.74M |
| Net Income from Continuing Operations | -$5.09M | -$6.15M | -$25.61M | -$5.41M | -$3.78M |
| Gain/Loss from Continuing Operations | $19,000.00 | -$13,000.00 | -$347,000.00 | $16,000.00 | -$115,000.00 |
| Depreciation & Depletion & Amortization | $7.02M | $6.74M | $25.59M | $6.31M | $6.04M |
| Other Non-Cash Items | $1.75M | $1.28M | $5.63M | $1.84M | $1.42M |
| Change in Working Capital | -$2.43M | -$5.40M | -$9.31M | -$867,000.00 | -$3.27M |
| -Change in Receivables | -$1.01M | -$779,000.00 | -$1.65M | -$120,000.00 | -$122,000.00 |
| -Change in Prepaid Assets | -$168,000.00 | -$2.28M | -$1.53M | -$1.17M | $1.01M |
| -Change in Payables and Accrued Expense | $3.91M | $111,000.00 | $532,000.00 | $525,000.00 | -$434,000.00 |
| -Change in Other Current Assets | -$3.31M | -$1.05M | -$2.67M | $725,000.00 | -$2.57M |
| -Change in Other Current Liabilities | -$894,000.00 | -$1.82M | -$4.47M | -$1.00M | -$1.37M |
| -Change In Other Working Capital | -$954,000.00 | $415,000.00 | $473,000.00 | $175,000.00 | $210,000.00 |
| Net cash flow from investing | -$2.11M | $289,000.00 | -$25.34M | -$3.12M | -$7.53M |
| Net Cash Flow from Continuing Investing Activities | -$2.11M | $289,000.00 | -$25.34M | -$3.12M | -$7.53M |
| Capital Expenditure | -$3.05M | -$2.11M | -$7.56M | -$1.67M | -$1.71M |
| Net PPE Purchase and Sale | -$796,000.00 | -$634,000.00 | -$4.53M | -$252,000.00 | -$3.02M |
| Net Investment Purchase and Sale | $1.74M | $3.04M | -$13.25M | -$1.19M | -$2.81M |
| Financing Cash Flow | -$2.16M | -$6.56M | -$14.80M | -$6.09M | -$1.32M |
| Net Cash Flow from Continuing Financing Activities | -$2.16M | -$6.56M | -$14.80M | -$6.09M | -$1.32M |
| Net Issuance Payments Of Debt | -$4.27M | -$4.23M | -$18.16M | -$6.72M | -$2.17M |
| Net Common Stock Issuance | -$566,000.00 | -$809,000.00 | -$1.98M | -$798,000.00 | -$1.19M |
| Proceeds from Stock Option Exercised | $3.56M | $351,000.00 | $7.89M | $1.75M | $2.85M |
| Net Other Financing Charges | -$890,000.00 | -$1.87M | -$2.54M | -$324,000.00 | -$822,000.00 |
| Ending Cash Balance | $32.43M | $26.28M | $29.18M | $29.18M | $29.08M |
| Net Change in Cash | $6.15M | -$2.91M | -$16.59M | $105,000.00 | -$3.11M |
| Beginning Cash Balance | $26.28M | $29.18M | $45.78M | $29.08M | $32.19M |
| Free Cash Flow | $6.58M | $597,000.00 | $11.29M | $7.37M | $895,000.00 |
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