Backblaze, Inc. (BLZE)

NASDAQ: BLZE · Real-Time Price · USD

13.73

-0.07 (-0.51%)

At close: Oct 7, 2026, 4:00 PM EDT

13.70

-0.03 (-0.22%)

After-hours: Oct 7, 2026, 7:31 PM EDT

Backblaze Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	156.3	145.84	127.63	102.02	85.16	67.48
Revenue Growth	13.85%	14.27%	25.10%	19.80%	26.20%	25.46%
Gross Profit	97.36	88.91	69.8	49.86	43.86	34.34
Operating Income	-11.54	-20.61	-41.43	-54.29	-48.11	-18.79
Net Income	-20.43	-25.61	-48.53	-59.71	-51.4	-21.7
Earnings Per Share	-0.35	-0.46	-1.11	-1.66	-1.62	-1.07
EPS Growth	-	-	-	-	-	-

Revenue by Geography

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
United States	112.33	104.57	94.32	73.26	60.95	48.35
United Kingdom	7.99	7.51	6.7	5.46	4.65	3.69
Canada	6.85	6.61	5.76	5.03	4.32	3.44
Other	29.14	27.15	20.85	18.27	15.23	12.01
Total	156.3	145.84	127.63	102.02	85.16	67.48

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	49.88	51.38	54.92	29.3	65.42	104.84
Total Debt	82.44	61.58	46.34	46.85	47.03	33.25
Net Cash (Debt)	-32.56	-10.2	8.58	-17.55	18.39	71.6
Net Cash Growth	-	-	-	-	-74.31%	-
Net Cash Per Share	-0.55	-0.18	0.20	-0.49	0.58	3.52

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	28.84	23.54	12.51	-7.35	-13.78	3.52
Capital Expenditures	-4.86	-4.69	-1.71	-5.51	-7.35	-7.56
Free Cash Flow	23.98	18.85	10.79	-12.86	-21.13	-4.04
Free Cash Flow Growth	83.83%	74.63%	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	62.29%	60.97%	54.69%	48.87%	51.51%	50.89%
Operating Margin	-7.38%	-14.13%	-32.46%	-53.22%	-56.50%	-27.85%
Pretax Margin	-13.03%	-17.50%	-38.02%	-58.53%	-60.40%	-32.02%
Profit Margin	-13.07%	-17.56%	-38.02%	-58.53%	-60.36%	-32.16%
FCF Margin	15.34%	12.93%	8.46%	-12.61%	-24.81%	-5.99%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 8, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Forward PE	76.62	191.77	-	-	-	-
P/FCF Ratio	35.62	14.26	28.25	-	-	-
PS Ratio	5.47	1.84	2.39	2.80	2.36	7.59