Backblaze Inc Class A (BLZE) financials
Backblaze revenue and earnings by year
Backblaze's revenue was $146 million in the fiscal year to December 31, 2025, up 14.3% from the year before. Net income was -$25.6 million, -17.6% of revenue. Since the fiscal year to December 31, 2019, revenue has grown 23.7% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 7 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 146 | 128 | 102 | 85 | 67 | 54 | 41 |
| Revenue growth | 14.3% | 25.1% | 19.8% | 26.2% | 25.5% | 32.0% | — |
| Gross profit | 89 | 69 | 50 | 44 | 34 | 28 | 21 |
| Gross margin | 60.9% | 54.3% | 48.9% | 51.5% | 50.9% | 52.0% | 50.6% |
| Operating income | -24 | -46 | -58 | -48 | -19 | -4 | 1 |
| Operating margin | -16.2% | -36.3% | -56.8% | -56.5% | -27.9% | -6.9% | 2.3% |
| Net income | -26 | -49 | -60 | -51 | -22 | -7 | -1 |
| Net margin | -17.6% | -38.0% | -58.5% | -60.4% | -32.2% | -12.3% | -2.4% |
| Diluted EPS | -$0.46 | -$1.11 | -$1.66 | -$1.62 | -$1.07 | — | — |
| Free cash flow | 11 | -1 | -27 | -30 | -8 | 8 | 10 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open BLZE in Markets.
How Backblaze makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Consumption Based Arragments | $25.9M | 60.7% |
| Subscription Based Arrangements | $16.7M | 39.1% |
| Point In Time Arrangements | $83.0K | 0.2% |
See also: BLZE returns
No forecast, no recommendation. This page describes Backblaze Inc Class A from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.