Backblaze, Inc. (BLZE)
NASDAQ: BLZE · Real-Time Price · USD
11.38
-0.69 (-5.72%)
Jul 29, 2026, 4:00 PM EDT - Market closed

Backblaze Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
149.89145.84127.63102.0285.1667.48
Revenue Growth
13.32%14.27%25.10%19.80%26.20%25.46%
Gross Profit
93.0788.7969.3449.8643.8634.34
Operating Income
-20.06-23.62-46.29-57.91-48.11-18.79
Net Income
-22.44-25.61-48.53-59.71-51.4-21.7
Earnings Per Share
-0.39-0.46-1.11-1.66-1.62-1.07
EPS Growth
------

Revenue by Geography

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
United States
107.2104.5794.3273.2660.9548.35
United Kingdom
7.727.516.75.464.653.69
Canada
6.586.615.765.034.323.44
Other
28.3927.1520.8518.2715.2312.01
Total
149.89145.84127.63102.0285.1667.48

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
45.4851.3854.9229.365.42104.84
Total Debt
62.3561.5846.3445.9645.4933.25
Net Cash (Debt)
-16.87-10.28.58-16.6619.9471.6
Net Cash Growth
-----72.15%-
Net Cash Per Share
-0.29-0.180.20-0.460.633.52

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
21.9623.5412.51-7.35-13.783.52
Capital Expenditures
-4.84-4.69-1.71-5.51-7.35-7.56
Free Cash Flow
17.1218.8510.79-12.86-21.13-4.04
Free Cash Flow Growth
39.85%74.63%----

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
62.09%60.89%54.33%48.87%51.51%50.89%
Operating Margin
-13.38%-16.20%-36.27%-56.76%-56.50%-27.85%
Pretax Margin
-14.95%-17.50%-38.02%-58.53%-60.40%-32.02%
Profit Margin
-14.97%-17.56%-38.03%-58.53%-60.36%-32.16%
FCF Margin
11.42%12.93%8.46%-12.61%-24.81%-5.99%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Forward PE
114.03191.77----
P/FCF Ratio
39.9014.5129.77---
PS Ratio
4.561.882.522.912.417.61