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.
At a glance
Revenue
$146M
FY2025
Gross Profit
$89M
60.9% gross margin
Operating Income
-$24M
FY2025
Net Income
-$26M
FY2025
Backblaze, Inc. reported $146M in revenue and $26M in net loss for FY2025. Revenue has grown at a 21.2% 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 1.23 threshold)
- Currently unprofitable: Net income is negative
- Cash-backed earnings: Operating cash flow exceeds net income
- Negative return on equity: -30.8% ROE
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $145.8M | $127.6M | $102.0M | $85.2M | $67.5M |
| Cost of Revenue | $57.0M | $58.3M | $52.2M | $41.3M | $33.1M |
| Gross Profit | $88.8M | $69.3M | $49.9M | $43.9M | $34.3M |
| SG&A Expense | $28.9M | $29.1M | $27.0M | $23.5M | $12.9M |
| R&D Expense | $46.1M | $42.1M | $39.5M | $33.1M | $20.5M |
| Operating Income | -$23.6M | -$46.3M | -$57.9M | -$48.1M | -$18.8M |
| Interest Expense | - | - | $3.8M | $4.3M | $3.7M |
| Income Tax | $84.0K | $6.0K | $0 | -$39.0K | $96.0K |
| Net Income | -$25.6M | -$48.5M | -$59.7M | -$51.4M | -$21.7M |
| 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% | 51.5% | 50.9% |
| Operating Margin | -16.2% | -36.3% | -56.8% | -56.5% | -27.9% |
| Profit Margin | -17.6% | -38.0% | -58.5% | -60.4% | -32.2% |