Backblaze, Inc. income statement

In fiscal 2025, Backblaze, Inc. reported revenue of $146m, up 14.3% on the year before, operating income of −$23.6m (a -16.2% margin) and net income of −$25.6m, or −$0.46 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Backblaze, Inc.: income statement, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	54	67	85	102	128	146	166
Cost of revenue	26	33	41	52	58	57	62
Gross profit	28	34	44	50	69	89	104
Research and development	13	21	33	40	42	46	45
Selling and marketing	12	20	35	41	44	37	40
General and administrative	7	13	23	27	29	29	35
Operating income	−4	−19	−48	−58	−46	−24	−16
Interest expense	3	4	4	4	4	4	6
Income before tax	−7	−22	−51	−60	−49	−26	−19
Income tax	0	0	−0	0	0	0	0
Net income	−7	−22	−51	−60	−49	−26	−19
Diluted EPS	−$0.36	−$1.07	−$1.62	−$1.66	−$1.11	−$0.46	−$0.32
Diluted shares (average)	19m	20m	32m	36m	44m	56m	60m
EBITDA	9	−2	−28	−33	−18	2	12

US$ millions unless shown otherwise. Fiscal quarters.

Backblaze, Inc.: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	34	35	36	37	38	39	43	47
Cost of revenue	15	15	13	14	14	15	16	17
Gross profit	19	19	23	23	23	24	27	30
Research and development	12	12	12	11	11	11	11	11
Selling and marketing	12	9	10	9	9	10	10	11
General and administrative	9	7	7	6	8	7	10	9
Operating income	−14	−9	−6	−4	−5	−5	−4	−1
Interest expense	1	1	1	1	1	1	1	2
Income before tax	−14	−9	−7	−4	−5	−6	−5	−2
Income tax	0	0	0	0	0	0	0	0
Net income	−14	−9	−7	−4	−5	−6	−5	−2
Diluted EPS	−$0.30	−$0.17	−$0.13	−$0.07	−$0.10	−$0.10	−$0.08	−$0.04
EBITDA	−7	−1	−1	3	1	1	3	6

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Backblaze, Inc.'s SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Backblaze, Inc.