Backblaze Inc
NASDAQ:BLZE

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Backblaze Inc Logo
Backblaze Inc
NASDAQ:BLZE
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Price: 4.99 USD 2.67% Market Closed
Market Cap: 287.9m USD

Income Statement

Earnings Waterfall
Backblaze Inc

Revenue
141.9m USD
Cost of Revenue
-58m USD
Gross Profit
83.9m USD
Operating Expenses
-116.6m USD
Operating Income
-32.7m USD
Other Expenses
-1.8m USD
Net Income
-34.6m USD

Income Statement
Backblaze Inc

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Income Statement
Currency: USD
Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
3
3
3
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
Revenue
54
N/A
57
+6%
60
+6%
63
+6%
67
+6%
72
+6%
76
+6%
81
+6%
85
+5%
89
+5%
93
+4%
96
+3%
102
+6%
109
+6%
115
+6%
123
+6%
128
+4%
132
+4%
137
+4%
142
+3%
Gross Profit
Cost of Revenue
(26)
(28)
(30)
(31)
(33)
(35)
(37)
(39)
(41)
(44)
(47)
(50)
(52)
(54)
(55)
(57)
(58)
(59)
(59)
(58)
Gross Profit
28
N/A
29
+2%
30
+5%
32
+7%
34
+7%
37
+7%
40
+8%
42
+6%
44
+4%
45
+3%
46
+2%
46
+1%
50
+7%
55
+10%
60
+9%
66
+10%
70
+6%
73
+4%
79
+8%
84
+7%
Operating Income
Operating Expenses
(32)
(36)
(40)
(46)
(53)
(62)
(74)
(84)
(92)
(98)
(102)
(106)
(104)
(106)
(107)
(110)
(111)
(117)
(120)
(117)
Selling, General & Administrative
(19)
(21)
(24)
(28)
(33)
(40)
(46)
(53)
(59)
(63)
(65)
(68)
(67)
(68)
(69)
(71)
(70)
(70)
(71)
(66)
Research & Development
(13)
(15)
(16)
(18)
(21)
(24)
(28)
(31)
(33)
(36)
(37)
(39)
(37)
(39)
(38)
(39)
(41)
(43)
(45)
(46)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
(0)
Other Operating Expenses
0
0
0
0
0
2
0
0
0
0
0
0
0
0
0
0
0
(4)
(4)
(4)
Operating Income
(4)
N/A
(7)
-91%
(10)
-42%
(14)
-36%
(19)
-37%
(25)
-35%
(35)
-37%
(42)
-21%
(48)
-14%
(53)
-11%
(56)
-6%
(60)
-6%
(54)
+10%
(52)
+5%
(48)
+8%
(44)
+7%
(41)
+6%
(45)
-8%
(42)
+7%
(33)
+21%
Pre-Tax Income
Interest Income Expense
(3)
(3)
(3)
(4)
(4)
(4)
(4)
(3)
(3)
(3)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
Non-Reccuring Items
0
0
2
2
2
0
0
0
0
0
0
0
(4)
0
0
0
(5)
0
0
0
Total Other Income
0
0
0
(0)
(1)
0
0
(1)
0
0
0
0
0
0
0
0
0
0
0
0
Pre-Tax Income
(7)
N/A
(10)
-56%
(11)
-9%
(15)
-37%
(22)
-40%
(30)
-41%
(40)
-31%
(47)
-17%
(51)
-10%
(56)
-9%
(59)
-5%
(62)
-6%
(60)
+4%
(54)
+10%
(50)
+7%
(46)
+7%
(49)
-5%
(47)
+4%
(43)
+7%
(34)
+21%
Net Income
Tax Provision
(0)
0
(0)
(0)
(0)
(0)
0
0
0
0
(0)
(0)
0
(0)
(0)
(0)
(0)
(0)
(0)
(0)
Income from Continuing Operations
(7)
(10)
(11)
(16)
(22)
(31)
(40)
(47)
(51)
(56)
(59)
(62)
(60)
(54)
(50)
(46)
(49)
(47)
(44)
(35)
Net Income (Common)
(7)
N/A
(10)
-56%
(11)
-10%
(16)
-36%
(22)
-40%
(31)
-41%
(40)
-30%
(47)
-17%
(51)
-10%
(56)
-9%
(59)
-5%
(62)
-6%
(60)
+4%
(54)
+10%
(50)
+7%
(46)
+7%
(49)
-5%
(47)
+4%
(44)
+7%
(35)
+21%
EPS (Diluted)
-0.23
N/A
-0.36
-57%
-0.39
-8%
-0.53
-36%
-0.71
-34%
-1
-41%
-1.26
-26%
-1.46
-16%
-1.62
-11%
-1.65
-2%
-1.67
-1%
-1.69
-1%
-1.66
+2%
-1.33
+20%
-1.17
+12%
-1.06
+9%
-1.11
-5%
-0.86
+23%
-0.78
+9%
-0.6
+23%