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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	132.27	127.63	102.02	85.16	67.48	53.78
Revenue Growth (YoY)	21.81%	25.10%	19.80%	26.20%	25.46%	31.99%
Cost of Revenue	59.03	57.83	52.16	41.29	33.14	25.8
Gross Profit	73.25	69.8	49.86	43.86	34.34	27.98
Selling, General & Admin	70.16	70.41	66.93	58.87	32.6	18.05
Research & Development	42.93	40.82	36.98	33.11	20.54	13.07
Operating Expenses	113.09	111.23	103.91	91.98	53.14	31.12
Operating Income	-39.84	-41.43	-54.06	-48.11	-18.79	-3.13
Interest Expense	-3.59	-3.66	-3.79	-4.29	-3.68	-2.89
Interest & Investment Income	1.57	1.42	1.98	0.97	-	-
EBT Excluding Unusual Items	-41.86	-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	-46.72	-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	-46.8	-48.53	-59.71	-51.4	-21.7	-6.62
Net Income to Common	-46.8	-48.53	-59.71	-51.4	-21.7	-6.62
Shares Outstanding (Basic)	47	44	36	32	20	19
Shares Outstanding (Diluted)	47	44	36	32	20	19
Shares Change (YoY)	25.05%	20.91%	13.74%	55.62%	9.33%	0.07%
EPS (Basic)	-1.00	-1.11	-1.66	-1.62	-1.07	-0.36
EPS (Diluted)	-1.00	-1.11	-1.66	-1.62	-1.07	-0.36
Free Cash Flow	12.26	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	55.38%	54.69%	48.87%	51.51%	50.89%	52.03%
Operating Margin	-30.12%	-32.46%	-52.99%	-56.50%	-27.85%	-5.82%
Profit Margin	-35.38%	-38.02%	-58.53%	-60.36%	-32.16%	-12.31%
Free Cash Flow Margin	9.27%	8.46%	-12.61%	-24.81%	-5.99%	19.88%
EBITDA	-17.66	-20.1	-32.77	-30.16	-4.17	8.62
EBITDA Margin	-13.35%	-15.75%	-32.12%	-35.42%	-6.18%	16.02%
D&A For EBITDA	22.18	21.33	21.29	17.95	14.62	11.75
EBIT	-39.84	-41.43	-54.06	-48.11	-18.79	-3.13
EBIT Margin	-30.12%	-32.46%	-52.99%	-56.50%	-27.85%	-5.82%
Advertising Expenses	-	4.2	3.6	5.7	3.3	1.3

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

SEC Filings: 10-K · 10-Q