Backblaze, Inc. (BLZE)
NASDAQ: BLZE · Real-Time Price · USD
16.58
-0.30 (-1.78%)
Aug 20, 2026, 12:56 PM EDT - Market open

Backblaze Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
156.3145.84127.63102.0285.1667.48
Revenue Growth
13.85%14.27%25.10%19.80%26.20%25.46%
Gross Profit
97.3688.9169.849.8643.8634.34
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 YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
United States
112.33104.5794.3273.2660.9548.35
United Kingdom
7.997.516.75.464.653.69
Canada
6.856.615.765.034.323.44
Other
29.1427.1520.8518.2715.2312.01
Total
156.3145.84127.63102.0285.1667.48

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
49.8851.3854.9229.365.42104.84
Total Debt
82.4461.5846.3446.8547.0333.25
Net Cash (Debt)
-32.56-10.28.58-17.5518.3971.6
Net Cash Growth
-----74.31%-
Net Cash Per Share
-0.55-0.180.20-0.490.583.52

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
28.8423.5412.51-7.35-13.783.52
Capital Expenditures
-4.86-4.69-1.71-5.51-7.35-7.56
Free Cash Flow
23.9818.8510.79-12.86-21.13-4.04
Free Cash Flow Growth
83.83%74.63%----

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
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 YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Forward PE
93.96191.77----
P/FCF Ratio
42.4114.2628.25---
PS Ratio
6.511.842.392.802.367.59