BLZE Q3 2023 Earnings — Backblaze, Inc. Revenue & Financial Results | Market Cap Arena

BLZEBackblaze, Inc.

$220M

Q3 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$25M+14.7% YoY

Gross Profit

$12M46.5% margin

Operating Income

-$16M-61.5% margin

Net Income

-$16M-63.5% margin

EPS (Diluted)

$-0.44

QoQ Revenue Growth

+2.9%

Cash Flow

Operating Cash Flow

-$170,000

Free Cash Flow

-$4M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$135M

Total Liabilities

$87M

Stockholders' Equity

$47M

Cash & Equivalents

$9M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$25M	$22M	+14.7%
Gross Profit	$12M	$11M	+4.8%
Operating Income	-$16M	-$12M	-29.1%
Net Income	-$16M	-$13M	-25.4%

Revenue Segments

Subscription-Based Arrangements

$14M54%

Consumption-Based Arragments

$11M45%

Physical Media

$132,0001%

Geographic Segments

UNITED STATES

$18M76%

Non-US

$4M18%

CANADA

$1M5%