Backblaze (BLZE) - Net Assets

Net assets on the balance sheet as of June 2024 : S$60.6 Million

According to Backblaze's latest financial reports the company has S$60.6 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Backblaze - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$S$92.16 M	-28.6%
2021-12-31	$S$0.12 B	-1526.56%
2020-12-31	$-S$9.05 Million	158.75%
2019-12-31	$-S$3.5 Million

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Backblaze (BLZE) - Net assets