Financial Snapshot

Revenue
$115.3M
TTM
Gross Margin
51.7%
TTM
Net Earnings
-$49.66M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
61.23%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$45.10M
Q2 2024
Cash
Q2 2024
P/E
-5.338
Sep 13, 2024 EST
Free Cash Flow
-$3.869M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $102.0M $85.16M $67.48M $53.78M $40.75M
YoY Change 19.8% 26.19% 25.46% 31.99%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $102.0M $85.16M $67.48M $53.78M $40.75M
Cost Of Revenue $52.16M $41.29M $33.14M $25.80M $20.13M
Gross Profit $49.86M $43.86M $34.34M $27.98M $20.62M
Gross Profit Margin 48.87% 51.51% 50.89% 52.03% 50.61%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $66.93M $58.87M $32.60M $18.65M $11.24M
YoY Change 13.69% 80.59% 74.83% 65.95%
% of Gross Profit 134.24% 134.21% 94.93% 66.63% 54.49%
Research & Development $37.02M $33.11M $20.54M $13.07M $8.436M
YoY Change 11.81% 61.21% 57.14% 54.92%
% of Gross Profit 74.24% 75.48% 59.8% 46.7% 40.91%
Depreciation & Amortization $24.91M $20.15M $16.32M $12.95M $9.318M
YoY Change 23.63% 23.46% 26.03% 38.99%
% of Gross Profit 49.97% 45.94% 47.53% 46.28% 45.19%
Operating Expenses $103.9M $91.98M $53.14M $31.72M $19.67M
YoY Change 13.01% 73.1% 67.54% 61.22%
Operating Profit -$54.09M -$48.11M -$18.79M -$3.732M $949.0K
YoY Change 12.42% 156.0% 403.59% -493.26%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense -$1.808M $4.289M $3.677M $2.886M -$1.929M
YoY Change -142.15% 16.64% 27.41% -249.61%
% of Operating Profit -203.27%
Other Income/Expense, Net $0.00 -$1.436M
YoY Change -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$59.71M -$51.44M -$21.61M -$6.618M -$980.0K
YoY Change 16.09% 138.05% 226.5% 575.31%
Income Tax $0.00 -$39.00K $96.00K $5.000K $16.00K
% Of Pretax Income
Net Earnings -$59.71M -$51.40M -$21.70M -$6.623M -$996.0K
YoY Change 16.18% 136.81% 227.71% 564.96%
Net Earnings / Revenue -58.53% -60.36% -32.16% -12.31% -2.44%
Basic Earnings Per Share -$1.66 -$1.62 -$1.07 -$0.36
Diluted Earnings Per Share -$1.66 -$1.62 -$1.07 -$0.36 -$34.02K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $29.30M $65.42M $104.8M $6.076M $6.978M
YoY Change -55.21% -37.6% 1625.53% -12.93%
Cash & Equivalents $12.50M $6.690M $104.8M $6.076M $6.978M
Short-Term Investments $16.80M $58.73M
Other Short-Term Assets $4.762M $5.839M $4.421M $1.838M $997.0K
YoY Change -18.44% 32.07% 140.53% 84.35%
Inventory
Prepaid Expenses
Receivables $800.0K $856.0K $309.0K $209.0K $81.00K
Other Receivables $3.651M $2.281M $1.509M $1.109M $1.026M
Total Short-Term Assets $38.51M $74.40M $111.1M $9.232M $9.082M
YoY Change -48.23% -33.02% 1103.23% 1.65%
Property, Plant & Equipment $55.58M $56.26M $43.07M $38.75M $24.83M
YoY Change -1.2% 30.62% 11.15% 56.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.072M $5.099M $1.794M $809.0K $835.0K
YoY Change -0.53% 184.23% 121.76% -3.11%
Total Long-Term Assets $93.17M $78.06M $52.50M $45.24M $29.54M
YoY Change 19.36% 48.69% 16.05% 53.12%
Total Assets $131.7M $152.5M $163.6M $54.47M $38.63M
YoY Change
Accounts Payable $2.281M $3.283M $2.075M $1.710M $1.553M
YoY Change -30.52% 58.22% 21.35% 10.11%
Accrued Expenses $8.959M $9.582M $7.029M $4.715M $2.629M
YoY Change -6.5% 36.32% 49.08% 79.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $18.49M $18.53M $13.65M $11.95M $8.230M
YoY Change -0.21% 35.81% 14.2% 45.18%
Total Short-Term Liabilities $57.09M $56.27M $45.06M $36.37M $28.24M
YoY Change 1.44% 24.88% 23.89% 28.78%
Long-Term Debt $17.44M $19.79M $19.60M $19.53M $8.529M
YoY Change -11.9% 0.97% 0.37% 128.98%
Other Long-Term Liabilities $12.22M $7.643M $3.430M $2.621M $1.663M
YoY Change 59.94% 122.83% 30.87% 57.61%
Total Long-Term Liabilities $29.66M $27.44M $23.03M $22.15M $10.19M
YoY Change 8.11% 19.12% 3.98% 117.34%
Total Liabilities $86.75M $83.71M $68.10M $58.53M $38.44M
YoY Change 3.63% 22.93% 16.35% 52.27%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 36.01M shares 31.66M shares 20.35M shares 18.61M shares
Diluted Shares Outstanding 36.01M shares 31.66M shares 20.35M shares 18.61M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $265.12 Million

About Backblaze Inc

Backblaze, Inc. operates as a cloud provider for businesses and consumers to store, use, and protect their data. The company is headquartered in San Mateo, California and currently employs 381 full-time employees. The company went IPO on 2021-11-11. The firm offers two cloud services on its storage cloud: Backblaze B2 Cloud Storage and Backblaze Computer Backup. The Backblaze B2 Cloud Storage enables customers to store data, developers to build applications, and partners to expand their use cases. The amount of data stored in this cloud service can scale up and down as needed on a pay-as-you-go basis, or can be paid for on a capacity basis for greater predictability, which it refers to as its B2 Reserve offering. This Infrastructure-as-a-Service enables use cases including backups, ransomware protection, and storage for artificial intelligence and machine learning workflows. The Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. This service is offered as a subscription-based Software-as-a-Service. With over two billion gigabytes of data storage under management, it works with customers in 175 countries.

Industry: Services-Prepackaged Software Peers: Brightcove Inc Live Current Media Inc. Core Scientific Inc Crexendo Inc Cyxtera Technologies, Inc. Edgio Inc Rackspace Technology Inc Snowflake Inc