Backblaze, Inc. (BLZE) Financial Statements
Industry: Prepackaged Software (Services)
In fiscal 2025, Backblaze reported revenue of $145.8M, up 14.3% from $127.6M the year before. Net income was -$25.6M (a -17.6% net margin), or -$0.46 per diluted share. Gross margin was 60.9% and operating margin was -16.2%. Operating activities generated $23.5M of cash, leaving $18.9M of free cash flow. At fiscal year end, Backblaze held $191.8M in total assets against $108.6M in total liabilities, including $29.2M of cash and equivalents.
Open the full interactive Backblaze financials → Quarterly statements, key ratios, valuation history and price charts.
Backblaze Key Stats
| Share Price | $12.51 |
|---|---|
| Market Cap | $760.5M |
| Revenue YoY Growth | +14.3% |
| 52-Week Range | $3.31 – $20.43 |
| Shares Outstanding | 60.8 million (basic, 2026 Q2) |
Backblaze Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $67.5M | $85.2M | $102.0M | $127.6M | $145.8M |
| Gross Profit | $34.3M | $43.9M | $49.9M | $69.3M | $88.8M |
| Operating Income | -$18.8M | -$48.1M | -$57.9M | -$46.3M | -$23.6M |
| Pre-Tax Income | -$21.6M | -$51.4M | -$59.7M | -$48.5M | -$25.5M |
| Income Tax | $96,000 | -$39,000 | $0 | $6,000 | $84,000 |
| Net Income | -$21.7M | -$51.4M | -$59.7M | -$48.5M | -$25.6M |
| Diluted EPS | -$1.07 | -$1.62 | -$1.66 | -$1.11 | -$0.46 |
Backblaze Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $37.2M | $37.8M | $38.7M | $42.7M |
| Net Income | -$3.8M | -$5.4M | -$6.1M | -$5.1M |
| Diluted EPS | -$0.07 | -$0.10 | -$0.10 | -$0.08 |
Backblaze Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $104.8M | $6.7M | $12.5M | $45.8M | $29.2M |
| Current Assets | $111.1M | $74.4M | $38.5M | $65.7M | $65.7M |
| Total Assets | $163.6M | $152.5M | $131.7M | $168.6M | $191.8M |
| Current Liabilities | $45.1M | $56.3M | $57.1M | $59.8M | $61.6M |
| Total Liabilities | $68.1M | $83.7M | $86.7M | $90.9M | $108.6M |
| Shareholders' Equity | $95.5M | $68.7M | $44.9M | $77.6M | $83.2M |
Backblaze Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $3.5M | -$13.8M | -$7.3M | $12.5M | $23.5M |
| Cash From Investing | -$11.2M | -$73.9M | $21.7M | -$6.1M | -$25.3M |
| Cash From Financing | $106.6M | -$6.2M | -$8.8M | $22.8M | -$14.8M |
| Free Cash Flow | -$4.1M | -$21.1M | -$12.9M | $10.8M | $18.9M |
Figures from Backblaze's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Backblaze financials page for every line item.
Backblaze Company Profile
| Ticker | BLZE |
|---|---|
| Exchange | Nasdaq |
| Industry | Prepackaged Software (Services) |
| Headquarters | San Francisco, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001462056 |
Frequently Asked Questions
What was Backblaze's revenue in fiscal 2025?
Backblaze (BLZE) reported revenue of $145.8M for fiscal 2025.
What is Backblaze's annual revenue history?
Backblaze's annual revenue by fiscal year: 2021: $67.5M; 2022: $85.2M; 2023: $102.0M; 2024: $127.6M; 2025: $145.8M.
What was Backblaze's net income in fiscal 2025?
Backblaze reported net income of -$25.6M for fiscal 2025.
What was Backblaze's earnings per share (EPS) in fiscal 2025?
Backblaze's diluted EPS was -$0.46 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Backblaze generate in fiscal 2025?
Backblaze generated $18.9M of free cash flow in fiscal 2025.
What was Backblaze's revenue last quarter?
In its most recent reported quarter (2026 Q2), Backblaze reported revenue of $42.7M.
How many shares of Backblaze are outstanding?
Backblaze reported a weighted average of 60.8 million basic shares outstanding in 2026 Q2.
What is Backblaze's market cap?
Based on its latest closing price, Backblaze (BLZE) has a market capitalization of about $760.5M.
When does Backblaze's fiscal year end?
Backblaze's fiscal year end, as registered with the SEC, is December 31.
Where is Backblaze headquartered?
Backblaze lists its business address in San Francisco, California in its SEC filings.