Dilution profile // every instrument, one screen, from SEC filings

Backblaze, Inc. (BLZE)

CIK 1462056 · all EDGAR filings →

Overall dilution risk
HIGHworst of 3 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
not every sub-rating was computable; treat as a floor
Offering ability
HIGH$48.5M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
one or more live registrations had no structured fee data, so the true total is AT LEAST this
Overhead supply
NOT COMPUTEDno warrant count tagged in XBRL
= warrant shares outstanding divided by current shares outstanding
absence of a tag is not proof of absence of warrants
Historical dilution
MEDIUM+71% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
LOWoperating cash flow positive
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2023-07-312026-07-27

Latest: 61.9M shares as of Jul 27, 2026 (10-Q).

Cash runway

Self-funding

generates cash

Full breakdown: cash runway tool · source filing →

Warrants

No warrant figures tagged in this filer’s XBRL facts. That means the company has not reported them in structured form; it does not prove no warrants exist. The exhibits are the ground truth.

Convertible notes

No convertible-note facts tagged in the 10-Q filed Aug 3, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are the ground truth.

Registrations and offerings

Registered offering capacity on live registrations: $48.5Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Aug 3, 2026$48.5M registeredfiling →
S-3May 1, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 1 executed · 1 registered.

REGISTEREDAug 3, 2026S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDJun 23, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDNov 21, 2024Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDNov 20, 2024Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EFFECTIVEMay 13, 2024SEC declared a registration effective — selling can beginEFFECT
REGISTEREDMay 1, 2024S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDNov 12, 2021Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
EFFECTIVENov 10, 2021SEC declared a registration effective — selling can beginEFFECT
REGISTEREDNov 8, 2021S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDNov 4, 2021S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDNov 2, 2021S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDOct 18, 2021S-1 registration — capacity to sell shares, not a sale yetS-1

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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