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Asset logo for symbol BLZE
Backblaze
BLZE53
$7.09arrow_drop_up1.86%$0.12
Asset logo for symbol BLZE
BLZE53

$7.09

arrow_drop_up1.86%

Income Statement (BLZE)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
EBIT-$11.88M-$9.44M-$10.12M-$10.77M-$15.56M
EBITDA-$4.61M-$2.42M-$3.21M-$4.20M-$9.09M
gross Profit$17.80M$17.22M$15.81M$15.18M$11.75M
NET Income-$12.75M-$10.34M-$11.05M-$11.35M-$16.05M
total Revenue$32.58M$31.28M$29.96M$28.73M$25.29M

Balance Sheet (BLZE)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
cash Equivalents-----
net Debt$46.42M$32.66M$37.67M$33.45M$40.92M
stockholders Equity$42.83M$45.09M$47.45M$44.93M$47.35M
total Assets$136.24M$127.77M$131.88M$131.68M$134.74M
total Debt$49.37M$41.93M$43.99M$45.95M$49.93M
total Liabilities$93.41M$82.67M$84.43M$86.74M$87.39M

Cash Flow (BLZE)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
financing Cash Flow-$4.01M-$3.11M-$264.00K-$1.28M-$3.67M
free Cash Flow$1.03M-$1.35M-$345.00K-$853.00K-$4.48M
investing Cash Flow-----
operating Cash Flow$4.62M$2.22M$3.41M$3.24M-$170.00K

Backblaze (BLZE) Financials

Backblaze, Inc. (BLZE) is a leading provider of data storage and backup solutions. The company's financials reflect its strong performance in the market. Starting with the income statement, Backblaze reported impressive revenue growth in the past year. The total revenue reached a record high, demonstrating the company's ability to attract and retain customers. Gross profit also saw significant improvement, indicating efficient cost management and increased customer demand.
Moving to the balance sheet, Backblaze has a solid financial position. The company has a strong stockholders' equity, which signifies the value of the company that belongs to its shareholders. The total assets of Backblaze have also increased, indicating the company's investment in its infrastructure and technology. In terms of debt, Backblaze has managed its liabilities well, with a comparatively low total debt and net debt. This helps the company maintain its financial stability and reduce potential risks.
Analyzing the cash flow statement, Backblaze has demonstrated a positive operating cash flow, which reflects its ability to generate cash from its core operations. Additionally, the company has a positive free cash flow, which represents the cash generated after deducting capital expenditures. This indicates Backblaze's ability to invest in its growth initiatives while generating excess cash. Looking at the financing and investing cash flow, Backblaze has efficiently managed its cash equivalents, ensuring adequate liquidity to support its operations and investments.
To summarize, Backblaze, Inc. (BLZE) has shown strong financial performance across various aspects. With impressive revenue growth, a solid balance sheet, and positive cash flow, the company is well-positioned for future success in the data storage and backup industry.
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