Backblaze, Inc. (BLZE) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	165.8M	145.8M	127.6M	102.0M	85.2M
Cost of Revenue	62.2M	57.0M	58.3M	52.2M	41.3M
Gross Profit	103.6M	88.8M	69.3M	49.9M	43.9M
Operating Expenses
R&D Expense	44.8M	46.1M	42.1M	39.5M	33.1M
SG&A Expense	74.7M	66.3M	73.5M	68.2M	58.9M
General & Admin Expense	34.5M	28.9M	29.1M	27.0M	23.5M
Selling & Marketing Expense	40.2M	37.4M	44.4M	41.3M	35.4M
Other Expenses	(203.0K)	—	—	—	—
Total Operating Expenses	119.2M	112.4M	115.6M	107.8M	92.0M
Cost and Expenses	181.4M	169.5M	173.9M	159.9M	133.3M
Operating Income (EBIT)	(15.6M)	(23.6M)	(46.3M)	(57.9M)	(48.1M)
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	1.7M	3.9M	3.7M	3.8M	4.3M
Net Interest Income	(3.7M)	(3.9M)	(3.7M)	(3.8M)	(4.3M)
Other Non-Op Income/Expense	(3.3M)	(1.9M)	(2.2M)	(1.8M)	(3.3M)
Non-Operating Income (excl Interest)	(1.3M)	(2.0M)	(1.4M)	(2.0M)	(965.0K)
EBT (Pre-Tax Income)	(18.9M)	(25.5M)	(48.5M)	(59.7M)	(51.4M)
Income Tax Expense	128.0K	84.0K	6.0K	—	(39.0K)
Bottom Line
Net Income	(19.0M)	(25.6M)	(48.5M)	(59.7M)	(51.4M)
Earnings from Cont. Ops	(19.0M)	(25.6M)	(48.5M)	(59.7M)	(51.4M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(19.0M)	(25.6M)	(48.5M)	(59.7M)	(51.4M)
Per Share
Basic EPS	($0.31)	($0.46)	($1.11)	($1.66)	($1.63)
Diluted EPS	($0.31)	($0.46)	($1.11)	($1.66)	($1.63)
Revenue Per Share	$2.65	$2.59	$2.93	$2.83	$2.69
Shares
Basic Shares Outstanding	62.5M	56.2M	43.5M	36.0M	31.7M
Diluted Shares Outstanding	62.5M	56.2M	43.5M	36.0M	31.7M
Profitability Metrics
EBITDA	5.7M	3.9M	(16.5M)	(31.0M)	(27.0M)
D&A	20.1M	25.6M	28.3M	24.9M	20.2M
EBIT	(12.9M)	(21.7M)	(44.9M)	(55.9M)	(47.1M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026