BLZE Q4 2023 Earnings — Backblaze, Inc. Revenue & Financial Results | Market Cap Arena

BLZEBackblaze, Inc.

$220M

Q4 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$29M+25.3% YoY

Gross Profit

$15M52.5% margin

Operating Income

-$12M-40.5% margin

Net Income

-$12M-42.5% margin

EPS (Diluted)

$-0.30

QoQ Revenue Growth

+13.6%

Cash Flow

Operating Cash Flow

$3M

Free Cash Flow

$3M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$132M

Total Liabilities

$87M

Stockholders' Equity

$45M

Cash & Equivalents

$13M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$29M	$23M	+25.3%
Gross Profit	$15M	$12M	+28.8%
Operating Income	-$12M	-$14M	+14.2%
Net Income	-$12M	-$14M	+15.8%

Revenue Segments

Subscription-Based Arrangements

$15M52%

Consumption-Based Arragments

$14M48%

Physical Media

$151,0001%

Geographic Segments

UNITED STATES

$21M76%

Non-US

$5M19%

CANADA

$1M5%