Backblaze, Inc. Income Statement
BLZE|5 years of annual SEC 10-K data (FY2021-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 5 fiscal years. All figures from audited SEC 10-K filings.
Backblaze, Inc. reported $146M in revenue and $26M in net loss for FY2025. Revenue has grown at a 28.3% compound annual rate over the past 4 years.
Based on SEC 10-K filings.
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.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $145.8M | $127.6M | $102.0M | $67.5M | $53.8M |
| Cost of Revenue | $57.0M | $58.3M | $52.2M | $33.1M | $25.8M |
| Gross Profit | $88.8M | $69.3M | $49.9M | $34.3M | $28.0M |
| SG&A Expense | $28.9M | $29.1M | $27.0M | $12.9M | $6.7M |
| R&D Expense | $46.1M | $42.1M | $39.5M | $20.5M | $13.1M |
| Operating Income | -$23.6M | -$46.3M | -$57.9M | -$18.8M | -$3.7M |
| Interest Expense | - | - | $3.8M | $3.7M | $2.9M |
| Income Tax | $84.0K | $6.0K | $0 | $96.0K | $5.0K |
| Net Income | -$25.6M | -$48.5M | -$59.7M | -$21.7M | -$6.6M |
| EPS (Basic) | -$1.66 | -$1.66 | -$1.62 | -$1.07 | -$0.36 |
| EPS (Diluted) | -$1.66 | -$1.66 | -$1.62 | -$1.07 | -$0.36 |
| Shares Outstanding | 36.0M | 36.0M | 31.7M | 20.3M | 18.6M |
| Gross Margin | 60.9% | 54.3% | 48.9% | 50.9% | 52.0% |
| Operating Margin | -16.2% | -36.3% | -56.8% | -27.9% | -6.9% |
| Profit Margin | -17.6% | -38.0% | -58.5% | -32.2% | -12.3% |