BLZE Q1 2023 Earnings — Backblaze, Inc. Revenue & Financial Results | Market Cap Arena

BLZEBackblaze, Inc.

$220M

Q1 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$23M+20.0% YoY

Gross Profit

$11M46.9% margin

Operating Income

-$17M-71.8% margin

Net Income

-$17M-73.2% margin

EPS (Diluted)

$-0.54

QoQ Revenue Growth

+2.0%

Cash Flow

Operating Cash Flow

-$5M

Free Cash Flow

-$12M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$143M

Total Liabilities

$82M

Stockholders' Equity

$61M

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$23M	$19M	+20.0%
Gross Profit	$11M	$10M	+11.8%
Operating Income	-$17M	-$12M	-43.7%
Net Income	-$17M	-$13M	-36.6%

Revenue Segments

Subscription-Based Arrangements

$13M57%

Consumption-Based Arragments

$10M42%

Physical Media

$150,0001%

Geographic Segments

UNITED STATES

$17M75%

Non-US

$4M19%

CANADA

$1M6%