6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $146M | -$26M | 60.9% | -16.2% | $19M | — | $29M |
| 2024 | $128M | -$49M | 54.3% | -36.3% | $11M | — | $46M |
| 2023 | $102M | -$60M | 48.9% | -56.8% | -$13M | — | $13M |
| 2022 | $85M | -$51M | 51.5% | -56.5% | -$21M | — | $7M |
| 2021 | $67M | -$22M | 50.9% | -27.9% | -$4M | — | $105M |
| 2020 | $54M | -$7M | 52.0% | -6.9% | $11M | — | $6M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $39M | -$6M | 60.9% | -13.8% | $3M | — | $26M |
| Dec '25 | $38M | -$5M | 62.0% | -12.4% | $9M | — | $29M |
| Sep '25 | $37M | -$4M | 62.1% | -8.9% | $3M | — | $29M |
| Jun '25 | $36M | -$7M | 63.5% | -18.5% | $3M | — | $32M |
| Mar '25 | $35M | -$9M | 55.6% | -25.3% | $4M | — | $41M |
| Dec '24 | $34M | -$14M | 54.8% | -40.8% | $1M | — | $46M |
| Sep '24 | $33M | -$13M | 54.6% | -37.4% | $4M | — | $3M |
| Jun '24 | $31M | -$10M | 55.1% | -31.4% | $2M | — | $9M |
| Mar '24 | $30M | -$11M | 52.8% | -35.1% | $3M | — | $6M |
| Dec '23 | $29M | -$12M | 52.5% | -40.5% | $3M | — | $13M |
| Sep '23 | $25M | -$16M | 46.5% | -61.5% | -$517000 | — | $9M |
| Jun '23 | $25M | -$14M | 49.0% | -56.6% | -$7M | — | $6M |
| Mar '23 | $23M | -$17M | 46.9% | -71.8% | -$8M | — | $4M |
| Dec '22 | $23M | -$14M | 51.1% | -59.1% | -$6M | — | $7M |
| Sep '22 | $22M | -$13M | 50.9% | -54.7% | -$5M | — | — |
| Jun '22 | $21M | -$12M | 53.8% | -52.3% | -$8M | — | — |
| Mar '22 | $19M | -$13M | 50.3% | -60.0% | -$1M | — | $19M |
| Dec '21 | $19M | -$10M | 52.6% | -40.5% | -$3M | — | $105M |
| Sep '21 | $17M | -$6M | 50.8% | -26.9% | $962000 | — | $5M |
| Jun '21 | $16M | -$2M | 50.9% | -23.1% | -$2M | — | — |
How the market has priced BLZE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Backblaze, Inc.'s revenue has grown 22.1% per year. These are computed facts, not advice.
As of FY2025, Backblaze, Inc. reported — of total debt against $29M of cash; operating income covered interest expense -6.1×.
In FY2025, gross margin was 60.9%, operating margin -16.2%, and net margin -17.6%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.