Company / Gross Margin
Backblaze, Inc. Gross Margin History
FY2021-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
60.9%
FY2025
5-year range
48.9% / 60.9%
FY2021-FY2025
Trend
+12.1%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Improved from 48.9% to 60.9% over the past 2 years.
Based on SEC 10-K filings.
60.9% in FY2025 with a 3-year CAGR of +9.4%.
Improved from 48.9% to 60.9% over the past 2 years.
Gross Margin over time
Growth rates
- 3-Year Change
- +9.4pp
- 5-Year Change
- -
- 10-Year Change
- -
Key checks
Key Insights
- In FY2025, gross margin increased 12.1% year-over-year.
- Lowest gross margin in the period was in FY2023.
Company context
Key Data Points
- Altman Z-Score -0.27 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 60.9% | +12.1% |
| FY2024 | 54.3% | +11.2% |
| FY2023 | 48.9% | -5.1% |
| FY2022 | 51.5% | +1.2% |
| FY2021 | 50.9% | - |
As of FY2025 · SEC Form 10-K · Last checked Jun 22, 2026