Return on Tangible Equity (Annual)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

Backblaze, Inc. (BLZE) had Return on Tangible Equity of -30.78% for the most recently reported fiscal year, ending 2025-12-31.

Quarterly Annual

Figures for fiscal year ending 2025-12-31

Income Statement Financials
Revenue	$145.84M
Net Income	$-25.61M
Cost of Goods Sold	$57.04M
Gross Profit	$88.79M
Operating Expenses	$169.46M
Operating Income	$-23.62M
Non-Operating Income/Expense	$-1.91M
Pre-Tax Income	$-25.53M
Normalized Pre-Tax Income	$-25.53M
Income after Taxes	$-25.61M
Income from Continuous Operations	$-25.61M
Consolidated Net Income/Loss	$-25.61M
Normalized Income after Taxes	$-25.61M
EBIT	$-23.62M
EBITDA	$1.97M
Weighted-Average Shares Outstanding (Basic)	56.21M
Weighted-Average Shares Outstanding (Diluted)	56.21M
Earnings per Share (EPS) (Basic)	$-0.46
Earnings per Share (EPS) (Diluted)	$-0.46
Balance Sheet Financials
Current Assets	$65.69M
Property, Plant, and Equipment	$57.31M
Long-Term Assets	$126.14M
Total Assets	$191.83M
Current Liabilities	$61.62M
Long-Term Debt	$21.29M
Long-Term Liabilities	$46.99M
Total Liabilities	$108.61M
Common Equity	$83.22M
Tangible Shareholders Equity	$83.22M
Shareholders Equity	$83.22M
Common Shares Outstanding	58.71M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$23.54M
Cash Flow from Investing Activities	$-25.34M
Cash Flow from Financial Activities	$-14.80M
Beginning Cash	$45.78M
End Cash	$29.18M
Increase/Decrease in Cash	$-16.59M
Stock-Based Compensation	$26.44M
Common Stock Dividends Paid	--
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	1.07
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.20
Debt to Equity Ratio	0.43
Gross Margin	60.89%
Operating Margin	-16.20%
EBIT Margin	-16.20%
EBITDA Margin	1.35%
Pre-Tax Profit Margin	-17.50%
Profit Margin	-17.56%
Free Cash Flow	$11.45M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.76
Inventory Turnover	--
Receiveable Turnover	41.88
Days Sales in Receivables	8.71
Return on Equity	-30.78%
Return on Tangible Equity	-30.78%
Return on Assets	-13.35%
Return on Investments	-24.51%
Book Value Per Share	$1.42
Free Cash Flow per Share	$0.20
Operating Cash Flow per Share	$0.42

Data from Zacks Investment Research, Inc.