Backblaze, Inc. (BLZE) — Financial statements
Income statement, balance sheet, and cash flow for Backblaze, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 146↑14.3% | 128↑25.1% | 102↑19.8% | 85↑26.2% | 67 | |
| Cost of Revenue | 57↓2.1% | 58↑11.7% | 52↑26.3% | 41↑24.6% | 33 | |
| Gross Profit | 89↑28.0% | 69↑39.1% | 50↑13.7% | 44↑27.7% | 34 | |
| Operating Expenses | ||||||
| R&D Expenses | 46↑9.5% | 42↑6.5% | 40↑19.4% | 33↑61.2% | 21 | |
| General & Administrative Expenses | 29↓0.6% | 29↑7.9% | 27↑14.9% | 23↑81.9% | 13 | |
| Selling & Marketing Expenses | 37↓15.8% | 44↑7.7% | 41↑16.6% | 35↑79.7% | 20 | |
| SG&A Expenses | 66↓9.8% | 74↑7.8% | 68↑15.9% | 59↑80.6% | 33 | |
| Other Expenses | -3 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 109↓5.8% | 116↑7.3% | 108↑17.2% | 92↑73.1% | 53 | |
| Total Costs & Expenses | 166↓4.6% | 174↑8.7% | 160↑20.0% | 133↑54.5% | 86 | |
| Operating Results | ||||||
| Operating Income | -20↑56.5% | -46↑20.1% | -58↓20.4% | -48↓156.0% | -19 | |
| Depreciation & Amortization | 25↓10.0% | 28↑13.7% | 25↑23.6% | 20↑23.5% | 16 | |
| EBITDA | 4↑123.2% | -17↑46.7% | -31↓14.9% | -27↓1577.9% | -2 | |
| EBIT | -22↑51.7% | -45↑19.8% | -56↓18.6% | -47↓162.9% | -18 | |
| Interest & Other Income | ||||||
| Net Interest Income | -2↑47.9% | -4↑3.5% | -4↑11.6% | -4↓16.6% | -4 | |
| Interest Income | 2 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 4↑5.7% | 4↓3.5% | 4↓11.6% | 4↑16.6% | 4 | |
| Non-Operating Income | 2↑206.0% | -1↑28.3% | -2↓105.6% | -0.97↓11.8% | -0.86 | |
| Other Income / Expenses | -5↓140.3% | -2↓23.7% | -2↑45.6% | -3↓18.1% | -3 | |
| Income Before Tax | -26↑47.4% | -49↑18.7% | -60↓16.1% | -51↓138.0% | -22 | |
| Income Tax Expense | 0.08↑1300.0% | 0.01 | 0.00↑100.0% | -0.04↓140.6% | 0.10 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -26↑47.2% | -49↑18.7% | -60↓16.2% | -51↓136.8% | -22 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -26↑47.2% | -49↑18.7% | -60↓16.2% | -51↓136.8% | -22 | |
| Bottom-Line Net Income | -26↑47.2% | -49↑18.7% | -60↓16.2% | -51↓136.8% | -22 | |
| EPS (Basic) | -0.46↑58.6% | -1.11↑33.1% | -1.66↓1.8% | -1.63↓129.6% | -0.71 | |
| EPS (Diluted) | -0.46↑58.6% | -1.11↑33.1% | -1.66↓1.8% | -1.63↓129.6% | -0.71 | |
| Weighted Average Shares | 56↑29.1% | 44↑20.9% | 36↑13.7% | 32↑4.2% | 30 | |
| Weighted Average Diluted Shares | 56↑29.1% | 44↑20.9% | 36↑13.7% | 32↑4.2% | 30 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.