Backblaze Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019
Revenue	102.02	85.16	67.48	53.78	40.75
Revenue Growth (YoY)	19.80%	26.19%	25.46%	31.99%	-
Cost of Revenue	52.16	41.29	33.14	25.8	20.13
Gross Profit	49.86	43.86	34.34	27.98	20.62
Selling, General & Admin	68.24	58.87	32.6	18.65	11.24
Research & Development	39.53	33.11	20.54	13.07	8.44
Operating Expenses	107.76	91.98	53.14	31.72	19.67
Operating Income	-57.91	-48.11	-18.79	-3.73	0.95
Interest Expense / Income	3.79	4.29	3.68	2.89	1.93
Other Expense / Income	-1.98	-0.97	-0.86	-	-
Pretax Income	-59.71	-51.44	-21.61	-6.62	-0.98
Income Tax	0	-0.04	0.1	0.01	0.02
Net Income	-59.71	-51.4	-21.7	-6.62	-1
Shares Outstanding (Basic)	36	32	20	19	19
Shares Outstanding (Diluted)	36	32	20	19	19
Shares Change	13.74%	55.62%	9.33%	0.07%	-
EPS (Basic)	-1.66	-1.62	-1.07	-0.36	-0.05
EPS (Diluted)	-1.66	-1.62	-1.07	-0.36	-0.05
Free Cash Flow	-27.21	-29.76	-7.67	7.85	9.97
Free Cash Flow Per Share	-0.76	-0.94	-0.38	0.42	0.54
Gross Margin	48.87%	51.51%	50.89%	52.03%	50.61%
Operating Margin	-56.76%	-56.50%	-27.85%	-6.94%	2.33%
Profit Margin	-58.53%	-60.36%	-32.16%	-12.31%	-2.44%
Free Cash Flow Margin	-26.67%	-34.95%	-11.37%	14.59%	24.47%
EBITDA	-28.66	-24.54	-1.61	9.22	10.27
EBITDA Margin	-28.09%	-28.82%	-2.38%	17.14%	25.20%
Depreciation & Amortization	27.26	22.61	16.32	12.95	9.32
EBIT	-55.92	-47.15	-17.93	-3.73	0.95
EBIT Margin	-54.81%	-55.37%	-26.57%	-6.94%	2.33%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).