Backblaze financials
$13.38−1.18%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 |
|---|---|---|---|---|---|
| Revenue | $145.8M | $127.6M | $102.0M | $85.2M | $67.5M |
| Gross profit | $88.8M | $69.3M | $49.9M | $43.9M | $34.3M |
| Gross margin | 60.9% | 54.3% | 48.9% | 51.5% | 50.9% |
| Operating income | -$23.6M | -$46.3M | -$57.9M | -$48.1M | -$18.8M |
| Net income | -$25.6M | -$48.5M | -$59.7M | -$51.4M | -$21.7M |
| Net margin | −17.6% | −38.0% | −58.5% | −60.4% | −32.2% |
| Diluted EPS | $-0.46 | $-1.11 | $-1.66 | $-1.62 | $-1.07 |
| EBITDA | $2.0M | -$18.0M | -$33.0M | -$28.0M | -$2.5M |
| Operating cash flow | $23.5M | $12.5M | -$7.3M | -$13.8M | $3.5M |
| Free cash flow | $11.3M | -$1.7M | -$27.6M | -$29.8M | -$7.7M |
| Diluted shares | 56.2M | 43.5M | 36.0M | 31.7M | 20.3M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|
| Cash & equivalents | $29.2M | $45.8M | $12.5M | $6.7M | $104.8M |
| Short-term investments | $22.2M | $9.1M | $16.8M | $58.7M | $0.00 |
| Total debt | $36.2M | $29.5M | $35.9M | $38.3M | $33.2M |
| Total assets | $191.8M | $168.6M | $131.7M | $152.5M | $163.6M |
| Total liabilities | $108.6M | $90.9M | $86.7M | $83.7M | $68.1M |
| Shareholders' equity | $83.2M | $77.6M | $44.9M | $68.7M | $95.5M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology