Backblaze, Inc. (BLZE) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	156.3M	145.8M	127.6M	102.0M	85.2M
Cost of Revenue	59.4M	57.0M	58.3M	52.2M	41.3M
Gross Profit	96.9M	88.8M	69.3M	49.9M	43.9M
Operating Expenses
R&D Expense	44.7M	46.1M	42.1M	39.5M	33.1M
SG&A Expense	69.7M	66.3M	73.5M	68.2M	58.9M
General & Admin Expense	31.2M	28.9M	29.1M	27.0M	23.5M
Selling & Marketing Expense	38.5M	37.4M	44.4M	41.3M	35.4M
Other Expenses	—	—	—	—	—
Total Operating Expenses	114.4M	112.4M	115.6M	107.8M	92.0M
Cost and Expenses	173.8M	169.5M	173.9M	159.9M	133.3M
Operating Income (EBIT)	(17.5M)	(23.6M)	(46.3M)	(57.9M)	(48.1M)
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	4.6M	3.9M	3.7M	3.8M	4.3M
Net Interest Income	(4.6M)	(3.9M)	(3.7M)	(3.8M)	(4.3M)
Other Non-Op Income/Expense	(2.8M)	(1.9M)	(2.2M)	(1.8M)	(3.3M)
Non-Operating Income (excl Interest)	(1.8M)	(2.0M)	(1.4M)	(2.0M)	(965.0K)
EBT (Pre-Tax Income)	(20.4M)	(25.5M)	(48.5M)	(59.7M)	(51.4M)
Income Tax Expense	68.0K	84.0K	6.0K	—	(39.0K)
Bottom Line
Net Income	(20.4M)	(25.6M)	(48.5M)	(59.7M)	(51.4M)
Earnings from Cont. Ops	(20.4M)	(25.6M)	(48.5M)	(59.7M)	(51.4M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(20.4M)	(25.6M)	(48.5M)	(59.7M)	(51.4M)
Per Share
Basic EPS	($0.34)	($0.46)	($1.11)	($1.66)	($1.63)
Diluted EPS	($0.34)	($0.46)	($1.11)	($1.66)	($1.63)
Revenue Per Share	$2.57	$2.59	$2.93	$2.83	$2.69
Shares
Basic Shares Outstanding	60.8M	56.2M	43.5M	36.0M	31.7M
Diluted Shares Outstanding	60.8M	56.2M	43.5M	36.0M	31.7M
Profitability Metrics
EBITDA	10.1M	3.8M	(16.5M)	(31.0M)	(27.0M)
D&A	25.9M	25.5M	28.3M	24.9M	20.2M
EBIT	(15.8M)	(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 Jun 1, 2026