Backblaze, Inc. (BLZE)

Backblaze Income Statement

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

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

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q