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Backblaze Inc (BLZE) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · DATA UPDATED 2026-09-19

Backblaze Inc (BLZE) operates in the SOFTWARE - INFRASTRUCTURE industry and is headquartered in San Francisco, United States with about 320 employees. Its market capitalization is roughly $819 million. In the fiscal year ended 2025-12-31, BLZE reported $146M in revenue and ($26M) in net income.

Backblaze, Inc., a cloud storage platform, provides businesses and consumers cloud services to store, use, and protect data in the United States, the United Kingdom, Canada, and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware.

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BLZE Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Total Revenue$156M$146M$128M$102M$85M$67M$54M$41M
Gross Profit$97M$89M$69M$50M$44M$34M$28M$21M
Gross Margin %62.0%60.9%54.3%48.9%51.5%50.9%52.0%50.6%
Operating Income (EBIT)($18M)($24M)($46M)($58M)($48M)($19M)($4M)$1M
Operating Margin %-11.2%-16.2%-36.3%-56.8%-56.5%-27.9%-6.9%2.3%
Net Income($20M)($26M)($49M)($60M)($51M)($22M)($7M)($1M)
Net Margin %-13.1%-17.6%-38.0%-58.5%-60.4%-32.2%-12.3%-2.4%
EBITDA$10M$4M($17M)($31M)($27M)($2M)$9M$10M
Earnings Per Share (EPS)$-0.35$-0.46$-1.11$-1.66$-1.62$-0.71$-0.22$-0.05
Shares Outstanding (M)61M56M44M36M32M30M30M19M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BLZE Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$43M$39M$38M$37M$36M$35M$34M$33M
Gross Profit$27M$24M$23M$23M$23M$19M$19M$18M
Gross Margin %62.8%60.9%62.0%62.1%63.5%55.6%54.8%54.6%
Operating Income (EBIT)($4M)($5M)($5M)($3M)($7M)($9M)($14M)($12M)
Operating Margin %-9.8%-13.8%-12.3%-8.9%-18.5%-25.3%-40.8%-37.4%
Net Income($5M)($6M)($5M)($4M)($7M)($9M)($14M)($13M)
Net Margin %-11.9%-15.9%-14.3%-10.2%-19.6%-26.9%-42.5%-39.1%
EBITDA$3M$2M$2M$3M($1M)($1M)($6M)($5M)
Earnings Per Share (EPS)$-0.08$-0.10$-0.10$-0.07$-0.13$-0.17$-0.33$-0.29
Shares Outstanding (M)61M59M56M57M56M54M44M44M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BLZE Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash from Operations (CFO)$29M$24M$13M($7M)($14M)$4M$13M$13M
Capital Expenditures (CapEx)$11M$12M$2M$20M$16M$11M$5M$4M
Free Cash Flow (FCF)$18M$11M$11M($28M)($30M)($8M)$8M$10M
FCF Margin %11.5%7.7%8.5%-27.0%-34.9%-11.4%14.6%23.6%
Dividends Paid$0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BLZE Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$10M$3M$9M$6M$4M$5M$2M$5M
Capital Expenditures (CapEx)$1M$3M$2M$5M$3M$1M$1M$4M
Free Cash Flow (FCF)$9M$1M$7M$1M$1M$4M$1M$1M
FCF Margin %21.3%1.5%19.5%2.4%1.9%12.8%4.2%3.2%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BLZE Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Total Assets$224M$192M$169M$132M$152M$164M$54M$39M
Cash & Cash Equivalents$32M$29M$46M$13M$7M$105M$6M$7M
Total Liabilities$135M$109M$91M$87M$84M$68M$61M$41M
Total Debt (Short + Long-Term)$21M$20M$20M$24M$25M$14M$14M$8M
Total Shareholders' Equity$89M$83M$78M$45M$69M$95M($7M)($3M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive BLZE viewer.

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