BLZE
Backblaze Inc
NASDAQ: BLZE · TECHNOLOGY · SOFTWARE - INFRASTRUCTURE
$4.18
-2.56% today
Updated 2026-04-29
Market cap
$252.66M
P/E ratio
—
P/S ratio
1.73x
EPS (TTM)
$-0.46
Dividend yield
—
52W range
$3 – $11
Volume
0.8M
Backblaze Inc (BLZE) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $40.75M | $53.78M | $67.48M | $85.16M | $102.02M | $127.63M | $145.84M |
| Revenue growth (YoY) | — | +32.0% | +25.5% | +26.2% | +19.8% | +25.1% | +14.3% |
| Cost of revenue | $20.13M | $25.80M | $33.14M | $41.29M | $52.16M | $58.28M | $57.04M |
| Gross profit | $20.62M | $27.98M | $34.34M | $43.86M | $49.86M | $69.34M | $88.79M |
| Gross margin | 50.6% | 52.0% | 50.9% | 51.5% | 48.9% | 54.3% | 60.9% |
| R&D | $8.44M | $13.07M | $20.54M | $33.11M | $39.53M | $42.10M | $46.11M |
| SG&A | $3.07M | $6.72M | $12.90M | $23.47M | $26.96M | $29.09M | $28.91M |
| Operating income | $949000.00 | $-3.73M | $-18.79M | $-48.11M | $-57.91M | $-46.29M | $-20.15M |
| Operating margin | 2.3% | -6.9% | -27.9% | -56.5% | -56.8% | -36.3% | -13.8% |
| EBITDA | $10.27M | $9.22M | $-1.61M | $-27.00M | $-31.01M | $-16.54M | $3.83M |
| EBITDA margin | 25.2% | 17.1% | -2.4% | -31.7% | -30.4% | -13.0% | 2.6% |
| EBIT | $949000.00 | $-3.73M | $-17.93M | $-47.15M | $-55.92M | $-44.87M | $-21.66M |
| Interest expense | $1.93M | $2.89M | $3.68M | $4.29M | $3.79M | $3.66M | $3.87M |
| Income tax | $16000.00 | $5000.00 | $96000.00 | $-39000.00 | $24.74M | $6000.00 | — |
| Effective tax rate | -1.6% | -0.1% | -0.4% | 0.1% | -70.8% | -0.0% | 0.0% |
| Net income | $-996000.00 | $-6.62M | $-21.70M | $-51.40M | $-59.71M | $-48.53M | $-25.61M |
| Net income growth (YoY) | — | -565.0% | -227.7% | -136.8% | -16.2% | +18.7% | +47.2% |
| Profit margin | -2.4% | -12.3% | -32.2% | -60.4% | -58.5% | -38.0% | -17.6% |