BLZE Q2 2024 Earnings — Backblaze, Inc. Revenue & Financial Results | Market Cap Arena

BLZEBackblaze, Inc.

$220M

Q2 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$31M+27.2% YoY

Gross Profit

$17M55.1% margin

Operating Income

-$10M-31.4% margin

Net Income

-$10M-33.1% margin

EPS (Diluted)

$-0.25

QoQ Revenue Growth

+4.4%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

-$2M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$128M

Total Liabilities

$83M

Stockholders' Equity

$45M

Cash & Equivalents

$9M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$31M	$25M	+27.2%
Gross Profit	$17M	$12M	+43.0%
Operating Income	-$10M	-$14M	+29.5%
Net Income	-$10M	-$14M	+27.8%

Revenue Segments

Subscription-Based Arrangements

$16M52%

Consumption-Based Arragments

$15M48%

Physical Media

$136,0000%

Geographic Segments

UNITED STATES

$23M77%

Non-US

$5M18%

CANADA

$1M5%