BLZE Q1 2024 Earnings — Backblaze, Inc. Revenue & Financial Results | Market Cap Arena

BLZEBackblaze, Inc.

$220M

Q1 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$30M+28.1% YoY

Gross Profit

$16M52.8% margin

Operating Income

-$11M-35.1% margin

Net Income

-$11M-36.9% margin

EPS (Diluted)

$-0.27

QoQ Revenue Growth

+4.3%

Cash Flow

Operating Cash Flow

$3M

Free Cash Flow

-$345,000

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$132M

Total Liabilities

$84M

Stockholders' Equity

$47M

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$30M	$23M	+28.1%
Gross Profit	$16M	$11M	+44.1%
Operating Income	-$11M	-$17M	+37.4%
Net Income	-$11M	-$17M	+35.4%

Revenue Segments

Subscription-Based Arrangements

$16M52%

Consumption-Based Arragments

$14M48%

Physical Media

$123,0000%

Geographic Segments

UNITED STATES

$22M77%

Non-US

$5M18%

CANADA

$1M5%