Backblaze reported total assets of $191.83M and total liabilities of $108.61M for the quarter ended Dec 2025, up 13.8% year over year. This balance sheet covers 22 quarters of results from Sep 2020 through Dec 2025, standardized by Business Quant from the company’s SEC filings.
| Balance Sheet | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||
| Cash & EquivalentsCash & Equiv. | 4.46M | 4.68M | 104.84M | 19.29M | 6.69M | 4.05M | 5.89M | 9.02M | 12.50M | 6.32M | 9.27M | 2.95M | 45.78M | 40.61M | 32.19M | 29.08M | 29.18M | |||||
| Short-term InvestmentsInvestments (Current) | 79.84M | 80.84M | 58.73M | 45.51M | 30.93M | 20.73M | 16.80M | 21.84M | 14.37M | 17.93M | 9.14M | 12.63M | 18.35M | 21.20M | 22.20M | |||||||
| Cash & Current Investments | 4.46M | 4.68M | 104.84M | 99.13M | 80.84M | 65.42M | 49.55M | 36.82M | 29.75M | 29.30M | 28.16M | 23.65M | 20.88M | 54.91M | 53.23M | 50.54M | 50.27M | 51.38M | ||||
| Receivables - NetNet Receivables | 0.12M | 0.31M | 0.24M | 0.39M | 0.72M | 0.86M | 0.79M | 0.83M | 1.99M | 0.80M | 1.62M | 1.81M | 2.76M | 1.83M | 1.77M | 3.24M | 3.36M | 3.48M | ||||
| Receivables - OtherOther Receivables | 1.15M | 1.22M | 1.25M | 1.35M | 1.47M | 1.64M | 1.75M | 1.79M | 1.89M | 2.38M | 2.46M | 2.50M | 2.60M | 2.90M | 3.30M | 3.60M | 3.50M | 3.70M | ||||
| Receivables | 1.26M | 1.53M | 1.50M | 1.74M | 2.19M | 2.49M | 2.54M | 2.62M | 3.88M | 3.17M | 4.08M | 4.31M | 5.36M | 4.73M | 5.07M | 6.84M | 6.86M | 7.18M | ||||
| Prepaid Assets | 4.00M | 5.93M | 5.91M | 6.14M | 6.37M | 8.12M | 7.63M | 7.08M | 7.07M | 8.41M | 8.94M | 8.25M | 8.25M | 5.54M | 10.01M | 7.41M | 7.17M | 6.63M | ||||
| Current Assets | 8.80M | 111.08M | 105.29M | 94.61M | 84.53M | 74.40M | 57.97M | 44.73M | 44.88M | 38.51M | 38.72M | 33.71M | 31.90M | 65.75M | 65.02M | 64.45M | 64.99M | 65.69M | ||||
| Non-Current Assets | ||||||||||||||||||||||
| Property, Plant & Equipment (Net)PP&E (Net) | 40.40M | 43.07M | 43.68M | 48.30M | 49.81M | 49.38M | 50.31M | 51.58M | 49.57M | 45.60M | 42.59M | 41.04M | 41.53M | 42.95M | 45.66M | 49.94M | 55.76M | 57.31M | ||||
| Intangibles | 7.72M | 7.64M | 8.69M | 10.55M | 13.65M | 16.70M | 20.42M | 24.26M | 28.94M | 32.52M | 35.47M | 38.34M | 41.04M | 41.80M | 42.15M | 42.18M | 41.46M | 40.83M | ||||
| Goodwill & Intangibles | 7.72M | 7.64M | 8.69M | 10.55M | 13.65M | 16.70M | 20.42M | 24.26M | 28.94M | 32.52M | 35.47M | 38.34M | 41.04M | 41.80M | 42.15M | 42.18M | 41.46M | 40.83M | ||||
| Other Non-Current Assets | 1.79M | 2.54M | 4.31M | 7.30M | 7.83M | 4.13M | 4.68M | 4.68M | 4.70M | 2.19M | 2.37M | 3.60M | 4.40M | 5.29M | ||||||||
| Non-Current Assets | 51.59M | 52.50M | 58.92M | 65.87M | 72.38M | 78.06M | 84.95M | 89.83M | 89.87M | 93.17M | 93.17M | 94.06M | 104.35M | 102.81M | 105.15M | 121.59M | 126.54M | 126.14M | ||||
| Assets | 60.40M | 163.58M | 164.20M | 160.48M | 156.91M | 152.46M | 142.93M | 134.56M | 134.75M | 131.69M | 131.89M | 127.78M | 136.24M | 168.56M | 170.16M | 186.04M | 191.53M | 191.83M | ||||
| Liabilities | ||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||
| Accounts Payables | 1.40M | 2.08M | 2.53M | 1.97M | 2.72M | 3.28M | 3.35M | 2.46M | 1.99M | 1.97M | 1.44M | 1.15M | 1.67M | 1.46M | ||||||||
| Payables | 1.40M | 2.08M | 2.53M | 1.97M | 2.72M | 3.28M | 3.35M | 2.46M | 1.99M | 1.97M | 1.44M | 1.15M | 1.67M | 1.46M | ||||||||
| Accumulated Expenses | 4.09M | 7.62M | 6.14M | 7.38M | 7.94M | 9.42M | 7.01M | 5.80M | 8.25M | 8.77M | 6.37M | 5.85M | 7.02M | 9.04M | 8.20M | 9.16M | 8.71M | 10.99M | ||||
| Short term Debt | 6.08M | |||||||||||||||||||||
| Current Leases | 11.97M | 13.64M | 15.11M | 17.64M | 18.80M | 18.53M | 17.45M | 18.18M | 19.08M | 18.49M | 17.35M | 16.95M | 16.52M | 16.33M | 16.36M | 15.25M | 15.21M | 14.87M | ||||
| Current Deferred Revenue | 24.50M | 24.90M | 25.80M | 25.40M | 25.50M | 25.52M | 26.50M | 25.80M | 27.20M | 30.05M | 33.22M | 34.04M | 35.35M | 35.55M | 36.35M | 35.51M | 35.72M | 35.90M | ||||
| Total Current Liabilities | 40.86M | 45.06M | 51.25M | 52.01M | 54.22M | 56.27M | 53.37M | 51.04M | 60.98M | 57.09M | 55.66M | 55.06M | 59.20M | 59.80M | 59.48M | 59.91M | 59.28M | 61.62M | ||||
| Non-Current Liabilities | ||||||||||||||||||||||
| Capital Leases | 17.24M | 19.60M | 0.40M | 0.70M | 1.00M | 1.40M | 0.33M | 0.68M | 1.00M | 1.77M | 11.60M | 1.73M | 2.55M | 13.14M | 16.10M | 19.18M | 20.25M | 21.29M | ||||
| Non-Current Debt | 2.54M | 4.31M | 7.30M | 7.83M | 4.13M | 4.68M | 4.68M | 4.68M | 2.45M | |||||||||||||
| Convertible Debt | 10.36M | |||||||||||||||||||||
| Non-Current Deffered Revenue | 3.37M | 3.13M | 3.19M | 2.98M | 2.78M | 2.61M | 2.69M | 2.55M | 3.63M | 4.10M | 4.54M | 4.61M | 5.21M | 5.15M | 5.00M | 5.11M | 5.47M | |||||
| Preferred Stock Liabilities | 2.78M | 2.78M | ||||||||||||||||||||
| Operating Leases | 5.12M | 5.55M | 4.92M | 5.03M | 4.75M | 5.73M | 10.52M | 8.15M | 7.95M | 9.24M | 16.30M | 12.84M | 11.83M | 27.17M | 26.22M | 20.17M | ||||||
| Other Non-Current Liabilities | 0.70M | 0.30M | 0.04M | |||||||||||||||||||
| Total Non-Current Liabilities | 71.82M | 67.80M | 76.60M | 77.49M | 80.39M | 83.71M | ||||||||||||||||
| Total Liabilities | 9.42M | 10.52M | 72.52M | 68.09M | 76.64M | 77.49M | 80.39M | 83.71M | 82.36M | 80.37M | 87.39M | 86.75M | 84.43M | 82.68M | 93.41M | 90.94M | 92.40M | 106.40M | 108.70M | 108.61M | ||
| Shareholder's Equity | ||||||||||||||||||||||
| Total Debt | 2.54M | 4.31M | 7.30M | 7.83M | 6.08M | 4.13M | 4.68M | 4.68M | 4.68M | 2.45M | ||||||||||||
| Common Equity | -9.42M | -10.52M | -14.91M | 95.49M | 87.57M | 82.99M | 76.52M | 68.75M | 60.57M | 54.19M | 47.36M | 44.94M | 47.45M | 45.10M | 42.83M | 77.62M | 77.77M | 79.64M | 82.83M | 83.22M | ||
| Liabilities and Shareholders Equity | 60.40M | 163.58M | 164.20M | 160.48M | 156.91M | 152.46M | 142.93M | 134.56M | 134.75M | 131.69M | 131.89M | 127.78M | 136.24M | 168.56M | 170.16M | 186.04M | 191.53M | 191.83M | ||||
| Treasury Shares | 3.36M | 3.36M | 3.36M | 0.14M | 0.26M | |||||||||||||||||
| Retained Earnings | -26.74M | 131.83M | 136.44M | 143.43M | 149.77M | 156.49M | 165.42M | 173.37M | 182.60M | 192.39M | 205.96M | 213.95M | 224.44M | 273.60M | 283.07M | 292.04M | 300.19M | 306.80M |