Backblaze, Inc. (BLZE) quarterly income statement — complete revenue, gross profit & net income history
Backblaze, Inc. (BLZE) annual income statement — 7-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 42.71M | 38.67M | 37.76M | 37.16M | 36.3M | 34.61M | 33.79M | 32.59M | 31.29M | 29.97M | 28.74M | 25.3M | 24.59M | 23.39M | 22.93M | 22.05M | 20.69M | 19.49M | 18.7M | 17.32M |
| Revenue Growth % | 17.67% | 11.71% | 11.77% | 14.03% | 16.02% | 15.5% | 17.57% | 28.82% | 27.23% | 28.1% | 25.35% | 14.73% | 18.86% | 20.03% | 22.62% | 27.32% | 28.1% | 27.29% | 28.17% | - |
| Cost of Goods Sold | 15.88M | 15.14M | 14.34M | 14.09M | 13.26M | 15.36M | 15.28M | 14.79M | 14.06M | 14.16M | 13.65M | 13.55M | 12.54M | 12.43M | 11.22M | 10.84M | 9.56M | 9.68M | 8.86M | 8.52M |
| COGS % of Revenue | 37.18% | 39.15% | 37.97% | 37.92% | 36.52% | 44.37% | 45.23% | 45.38% | 44.93% | 47.24% | 47.51% | 53.54% | 50.99% | 53.11% | 48.94% | 49.14% | 46.19% | 49.67% | 47.4% | 49.19% |
| Gross Profit | 26.83M | 23.53M | 23.43M | 23.07M | 23.04M | 19.26M | 18.5M | 17.8M | 17.23M | 15.81M | 15.08M | 11.75M | 12.05M | 10.97M | 11.71M | 11.21M | 11.13M | 9.81M | 9.83M | 8.8M |
| Gross Margin % | 62.82% | 60.85% | 62.03% | 62.08% | 63.48% | 55.63% | 54.77% | 54.62% | 55.07% | 52.76% | 52.49% | 46.46% | 49.01% | 46.89% | 51.06% | 50.86% | 53.81% | 50.33% | 52.6% | 50.81% |
| Gross Profit Growth % | 16.46% | 22.19% | 26.6% | 29.61% | 33.73% | 21.79% | 22.67% | 51.45% | 42.97% | 44.14% | 28.85% | 4.8% | 8.26% | 11.83% | 19.05% | 27.43% | 35.36% | 31.1% | 30.04% | - |
| Operating Expenses | 31.01M | 28.88M | 28.09M | 26.39M | 29.76M | 28.03M | 32.27M | 30M | 27.04M | 26.32M | 26.71M | 27.32M | 25.96M | 27.77M | 25.25M | 23.27M | 21.95M | 21.5M | 17.41M | 13.47M |
| OpEx % of Revenue | 72.6% | 74.7% | 74.39% | 71.02% | 81.98% | 80.97% | 95.53% | 92.05% | 86.42% | 87.83% | 92.94% | 107.98% | 105.6% | 118.7% | 110.15% | 105.55% | 106.11% | 110.3% | 93.12% | 77.75% |
| Selling, General & Admin | 20.01M | 17.6M | 17.15M | 14.95M | 17.88M | 16.17M | 20.25M | 19.26M | 17.45M | 16.57M | 17.28M | 17.68M | 16.04M | 17.24M | 16.64M | 15.12M | 13.55M | 13.56M | 11.19M | 8.13M |
| SG&A % of Revenue | 46.84% | 45.51% | 45.42% | 40.24% | 49.26% | 46.72% | 59.92% | 59.11% | 55.77% | 55.31% | 60.13% | 69.88% | 65.23% | 73.68% | 72.57% | 68.58% | 65.5% | 69.56% | 59.84% | 46.93% |
| Research & Development | 11M | 11.29M | 11.14M | 11.23M | 11.88M | 11.86M | 12.03M | 10.73M | 9.59M | 9.75M | 9.43M | 9.64M | 9.93M | 10.53M | 8.61M | 8.15M | 8.4M | 7.94M | 6.22M | 5.34M |
| R&D % of Revenue | 25.76% | 29.19% | 29.5% | 30.23% | 32.72% | 34.25% | 35.6% | 32.94% | 30.65% | 32.52% | 32.81% | 38.1% | 40.36% | 45.02% | 37.57% | 36.97% | 40.6% | 40.74% | 33.28% | 30.82% |
| Other Operating Expenses | 0 | 0 | -203K | 203K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -4.17M | -5.35M | -4.67M | -3.32M | -6.72M | -8.77M | -13.77M | -12.2M | -9.81M | -10.51M | -11.63M | -15.57M | -13.91M | -16.8M | -13.54M | -12.06M | -10.82M | -11.69M | -7.58M | -4.67M |
| Operating Margin % | -9.77% | -13.84% | -12.35% | -8.94% | -18.51% | -25.34% | -40.76% | -37.43% | -31.35% | -35.07% | -40.45% | -61.53% | -56.59% | -71.81% | -59.08% | -54.69% | -52.3% | -59.97% | -40.53% | -26.94% |
| Operating Income Growth % | 37.86% | 38.97% | 66.13% | 72.77% | 31.52% | 16.55% | -18.47% | 21.64% | 29.5% | 37.44% | 14.17% | -29.07% | -28.61% | -43.72% | -78.76% | -158.47% | -189.74% | -314.94% | -204.91% | - |
| EBITDA | 2.72M | 1.39M | 1.55M | 2.72M | -1.24M | -1.01M | -6.71M | -4.93M | -2.78M | -3.6M | -5.05M | -9.09M | -7.14M | -11.07M | -8.08M | -6.73M | -5.73M | -6.83M | -3.3M | -607K |
| EBITDA Margin % | 6.36% | 3.59% | 4.09% | 7.33% | -3.42% | -2.91% | -19.87% | -15.13% | -8.9% | -12.01% | -17.57% | -35.94% | -29.03% | -47.31% | -35.26% | -30.53% | -27.71% | -35.02% | -17.63% | -3.5% |
| EBITDA Growth % | 318.66% | 237.74% | 123.03% | 155.23% | 55.35% | 72.01% | -32.91% | 45.78% | 60.99% | 67.49% | 37.52% | -35.07% | -24.49% | -62.13% | -145.24% | -1009.06% | -2508.82% | -672.17% | -343.25% | - |
| D&A (Non-Cash Add-back) | 6.89M | 6.74M | 6.21M | 6.04M | 5.47M | 7.76M | 7.06M | 7.27M | 7.03M | 6.91M | 6.58M | 6.47M | 6.78M | 5.73M | 5.46M | 5.33M | 5.09M | 4.86M | 4.28M | 4.06M |
| EBIT | -3.79M | -4.91M | -4.21M | -2.84M | -6.22M | -8.39M | -13.41M | -11.88M | -9.45M | -10.13M | -11.22M | -15.12M | -13.39M | -16.19M | -12.98M | -11.85M | -10.7M | -11.61M | -8.65M | -5.03M |
| Net Interest Income | -1.26M | -1.21M | -1.2M | -934K | -880K | -853K | -968K | -868K | -901K | -921K | -991K | -936K | -942K | -923K | -1.48M | -950K | -793K | -873K | -991K | -968K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 120K | 75K | 0 | 0 |
| Interest Expense | 1.26M | 1.21M | 1.2M | 934K | 880K | 853K | 968K | 868K | 901K | 921K | 991K | 936K | 942K | 923K | 1.48M | 950K | 913K | 948K | 991K | 968K |
| Other Income/Expense | -875K | -766K | -748K | -457K | -380K | -469K | -605K | -555K | -539K | -537K | -583K | -489K | -423K | -313K | -918K | -740K | -793K | -873K | -2.07M | -1.33M |
| Pretax Income | -5.05M | -6.12M | -5.41M | -3.78M | -7.1M | -9.24M | -14.38M | -12.75M | -10.35M | -11.05M | -12.21M | -16.05M | -14.34M | -17.11M | -14.46M | -12.8M | -11.61M | -12.56M | -9.64M | -5.99M |
| Pretax Margin % | -11.82% | -15.83% | -14.33% | -10.17% | -19.55% | -26.7% | -42.55% | -39.13% | -33.08% | -36.86% | -42.48% | -63.46% | -58.31% | -73.15% | -63.09% | -58.05% | -56.13% | -64.45% | -51.59% | -34.6% |
| Income Tax | 40K | 28K | 0 | 0 | 0 | 84K | 0 | 0 | 0 | 6K | 0 | 0 | 0 | 0 | 30K | 0 | -37K | -32K | -40K | 0 |
| Effective Tax Rate % | -0.79% | -0.46% | 0% | 0% | 0% | -0.91% | 0% | 0% | 0% | -0.05% | 0% | 0% | 0% | 0% | -0.21% | 0% | 0.32% | 0.25% | 0.41% | 0% |
| Net Income | -5.09M | -6.15M | -5.41M | -3.78M | -7.1M | -9.32M | -14.38M | -12.75M | -10.35M | -11.05M | -12.21M | -16.05M | -14.34M | -17.11M | -14.49M | -12.8M | -11.57M | -12.53M | -9.61M | -5.99M |
| Net Margin % | -11.91% | -15.9% | -14.33% | -10.17% | -19.55% | -26.94% | -42.55% | -39.13% | -33.08% | -36.88% | -42.48% | -63.46% | -58.31% | -73.15% | -63.22% | -58.05% | -55.95% | -64.29% | -51.37% | -34.6% |
| Net Income Growth % | 28.29% | 34.07% | 62.35% | 70.38% | 31.42% | 15.64% | -17.77% | 20.57% | 27.82% | 35.41% | 15.77% | -25.43% | -23.86% | -36.58% | -50.89% | -113.58% | -378.7% | -239.75% | -181.01% | - |
| Net Income (Continuing) | -5.09M | -6.15M | -5.41M | -3.78M | -7.1M | -9.32M | -14.38M | -12.75M | -10.35M | -11.05M | -12.21M | -16.05M | -14.34M | -17.11M | -14.49M | -12.8M | -11.57M | -12.53M | -9.61M | -5.99M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.08 | -0.10 | -0.09 | -0.07 | -0.13 | -0.17 | -0.30 | -0.29 | -0.25 | -0.27 | -0.30 | -0.44 | -0.41 | -0.54 | -0.44 | -0.39 | -0.37 | -0.41 | -0.38 | -0.20 |
| EPS Growth % | 38.46% | 41.18% | 68.77% | 77.14% | 48% | 37.04% | 0% | 34.09% | 39.02% | 50% | 31.82% | -12.82% | -10.81% | -31.71% | -15.79% | -95% | -236.36% | -141.18% | -137.5% | - |
| EPS (Basic) | -0.08 | -0.10 | -0.09 | -0.07 | -0.13 | -0.17 | -0.30 | -0.29 | -0.25 | -0.27 | -0.30 | -0.44 | -0.41 | -0.54 | -0.44 | -0.39 | -0.37 | -0.41 | -0.38 | -0.20 |
| Diluted Shares Outstanding | 60.79M | 59.29M | 56.21M | 56.98M | 55.63M | 54.06M | 43.54M | 43.52M | 42.15M | 40.23M | 38.25M | 36.67M | 35.15M | 33.92M | 32.9M | 31.99M | 31.18M | 30.54M | 25.01M | 29.27M |
| Basic Shares Outstanding | 60.79M | 59.29M | 56.21M | 56.98M | 55.63M | 54.06M | 43.54M | 43.52M | 42.15M | 40.23M | 38.25M | 36.67M | 35.15M | 33.92M | 32.9M | 31.99M | 31.18M | 30.54M | 25.01M | 29.27M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |