Backblaze Inc
NASDAQ:BLZE
Income Statement
Earnings Waterfall
Backblaze Inc
Income Statement
Backblaze Inc
| 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%
|
|