Backblaze, Inc. (BLZE)

Backblaze Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	137.29	127.63	102.02	85.16	67.48	53.78
Revenue Growth (YoY)	19.08%	25.10%	19.80%	26.20%	25.46%	31.99%
Cost of Revenue	58.23	57.83	52.16	41.29	33.14	25.8
Gross Profit	79.06	69.8	49.86	43.86	34.34	27.98
Selling, General & Admin	70.59	70.41	66.93	58.87	32.6	18.05
Research & Development	45.22	40.82	36.98	33.11	20.54	13.07
Operating Expenses	115.81	111.23	103.91	91.98	53.14	31.12
Operating Income	-36.75	-41.43	-54.06	-48.11	-18.79	-3.13
Interest Expense	-3.57	-3.66	-3.79	-4.29	-3.68	-2.89
Interest & Investment Income	1.71	1.42	1.98	0.97	-	-
EBT Excluding Unusual Items	-38.61	-43.66	-55.87	-51.44	-22.47	-6.02
Merger & Restructuring Charges	-4.86	-4.86	-3.62	-	-	-
Asset Writedown	-	-	-0.23	-	-	-
Other Unusual Items	-	-	-	-	0.86	-0.6
Pretax Income	-43.47	-48.53	-59.71	-51.44	-21.61	-6.62
Income Tax Expense	0.08	0.01	-	-0.04	0.1	0.01
Net Income	-43.55	-48.53	-59.71	-51.4	-21.7	-6.62
Net Income to Common	-43.55	-48.53	-59.71	-51.4	-21.7	-6.62
Shares Outstanding (Basic)	50	44	36	32	20	19
Shares Outstanding (Diluted)	50	44	36	32	20	19
Shares Change (YoY)	28.04%	20.91%	13.74%	55.62%	9.33%	0.07%
EPS (Basic)	-0.86	-1.11	-1.66	-1.62	-1.07	-0.36
EPS (Diluted)	-0.86	-1.11	-1.66	-1.62	-1.07	-0.36
Free Cash Flow	13.05	10.79	-12.86	-21.13	-4.04	10.69
Free Cash Flow Per Share	0.26	0.25	-0.36	-0.67	-0.20	0.57
Gross Margin	57.59%	54.69%	48.87%	51.51%	50.89%	52.03%
Operating Margin	-26.77%	-32.46%	-52.99%	-56.50%	-27.85%	-5.82%
Profit Margin	-31.72%	-38.02%	-58.53%	-60.36%	-32.16%	-12.31%
Free Cash Flow Margin	9.50%	8.46%	-12.61%	-24.81%	-5.99%	19.88%
EBITDA	-16.12	-20.1	-32.77	-30.16	-4.17	8.62
EBITDA Margin	-11.74%	-15.75%	-32.12%	-35.42%	-6.18%	16.02%
D&A For EBITDA	20.63	21.33	21.29	17.95	14.62	11.75
EBIT	-36.75	-41.43	-54.06	-48.11	-18.79	-3.13
EBIT Margin	-26.77%	-32.46%	-52.99%	-56.50%	-27.85%	-5.82%
Advertising Expenses	-	4.2	3.6	5.7	3.3	1.3

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q