Backblaze, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | $-25.6M | $-48.5M | $-59.7M | $-51.4M | $-21.7M | $-6.6M |
| Depreciation & Amortization | $25.6M | $28.3M | $24.9M | $20.2M | $16.3M | $13.0M |
| Depreciation | — | $21.3M | $21.3M | $18.0M | $14.6M | $11.7M |
| Amortization | — | — | — | — | — | — |
| Stock-Based Compensation | $26.4M | $28.6M | $25.2M | $17.0M | $5.6M | $1.9M |
| Net Cash from Operating Activities | $23.5M | $12.5M | $-7.4M | $-13.8M | $3.5M | $12.8M |
| Investing Activities | ||||||
| Capital Expenditures | $4.7M | $1.7M | $5.5M | $7.3M | $7.6M | $2.1M |
| Business Acquisitions | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-25.3M | $-6.1M | $21.7M | $-73.9M | $-11.2M | $-5.0M |
| Financing Activities | ||||||
| Dividends Paid | — | — | — | — | — | — |
| Stock Repurchases | $2.0M | $0 | $0 | — | — | — |
| Net Cash from Financing Activities | $-14.8M | $22.8M | $-8.8M | $-6.2M | $106.6M | $-8.7M |
| Net Change in Cash | $-16.6M | $29.1M | $5.5M | $-93.8M | $98.9M | $-902.0K |
| Free Cash Flow | $18.9M | $10.8M | $-12.9M | $-21.1M | $-4.0M | $10.7M |