BLZE Q3 2024 Earnings — Backblaze, Inc. Revenue & Financial Results | Market Cap Arena

BLZEBackblaze, Inc.

$220M

Q3 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$33M+28.8% YoY

Gross Profit

$18M54.6% margin

Operating Income

-$12M-37.4% margin

Net Income

-$13M-39.1% margin

EPS (Diluted)

$-0.29

QoQ Revenue Growth

+4.2%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

$1M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$136M

Total Liabilities

$93M

Stockholders' Equity

$43M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$33M	$25M	+28.8%
Gross Profit	$18M	$12M	+51.5%
Operating Income	-$12M	-$16M	+21.6%
Net Income	-$13M	-$16M	+20.6%

Revenue Segments

Subscription-Based Arrangements

$17M52%

Consumption-Based Arragments

$16M48%

Physical Media

$129,0000%

Geographic Segments

UNITED STATES

$24M77%

Non-US

$5M18%

CANADA

$2M5%