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Backblaze, Inc. balance sheet

At the end of fiscal 2025, Backblaze, Inc. had total assets of $192m, total liabilities of $109m and shareholders' equity of $83.2m. It held $29.2m in cash against $0 of debt: net cash of $29.2m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash and equivalents61057134629189
Receivables0011237
Total current assets911174396666250
Total assets54164152132169192428
Accounts payable223212—
Deferred revenue (current)18222326303030
Total current liabilities36455657606279
Short-term debt100————
Long-term debt—————0194
Total debt1100000194
Total liabilities5968848791109346
Shareholders' equity−7956945788381
Non-controlling interests and other (assets − liabilities − equity)3——————
Net debt (negative = net cash)−5−94−7−13−46−295
Shares outstanding19m——————

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Backblaze, Inc.'s SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Backblaze, Inc.