BLZE Q2 2023 Earnings — Backblaze, Inc. Revenue & Financial Results | Market Cap Arena

BLZEBackblaze, Inc.

$220M

Q2 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$25M+18.9% YoY

Gross Profit

$12M49.0% margin

Operating Income

-$14M-56.6% margin

Net Income

-$14M-58.3% margin

EPS (Diluted)

$-0.41

QoQ Revenue Growth

+5.1%

Cash Flow

Operating Cash Flow

-$5M

Free Cash Flow

-$11M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$135M

Total Liabilities

$80M

Stockholders' Equity

$54M

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$25M	$21M	+18.9%
Gross Profit	$12M	$11M	+8.3%
Operating Income	-$14M	-$11M	-28.6%
Net Income	-$14M	-$12M	-23.9%

Revenue Segments

Subscription-Based Arrangements

$14M56%

Consumption-Based Arragments

$11M43%

Physical Media

$136,0001%

Geographic Segments

UNITED STATES

$18M75%

Non-US

$5M20%

CANADA

$1M5%