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MARKETS / NASDAQ / BLZE
NASDAQ · SERVICES-PREPACKAGED SOFTWARE

Backblaze, Inc. BLZE

6 fiscal years on record · USD · FY2025 reported · SEC filings only
$145.8M
▲ 14.3% YoY
$-25.6M
$18.9M
▲ 74.6% YoY
In brief

What this company does

It provides cloud services through a web-scale software infrastructure built on commodity hardware. As of December 31, 2025, it had over 500,000 customers in over 175 countries. As of December 31, 2025, it had approximately 320 full-time employees. No single customer accounted for more than 10% of its total revenue in 2025 or 2024. It delivers two primary cloud services through its Backblaze Storage Cloud platform, B2 Cloud Storage and Computer Backup. Its Computer Backup cloud service solution backs up laptops, desktops, and external hard drives in a continuous and automated fashion. It was incorporated in Delaware in 2007 under the name Backblaze, Inc.

Written from the business description in Backblaze, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 10 March 2026. Every sentence was checked against that document before publication.

Growth
USD 145.8M
Revenue, FY2025 · full 6-year series below
Revenue $M Net income $M
FY2025 · Revenue 145.8 · Net income -25.6
50M100M-20M-40M202020212022202320242025
Compound annual growth
+19.6%
+22.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +22.1% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−18 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -16.2% · Net -17.6%
-20%-40%-60%202020212022202320242025
ROE
FY2025 · ROE -31.8%
-50%-100%202020212022202320242025

Each USD of equity lost 32 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 18.9
8M16M-8M-16M202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks -3.4
-2.5M-5.0M202320242025

Total assetsUSD 191.8M
EquityUSD 83.2M
CashUSD 29.2M
Current ratio1.07×

Equity funds 43% of total assets.

The 6-year record
6 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020
Revenue $B0.10.10.10.10.10.1
Operating income $B−0.0−0.0−0.1−0.0−0.0−0.0
EBITDA $B0.0−0.0−0.0−0.0−0.00.0
Income tax $B0.00.00.0−0.00.00.0
Net income $B−0.0−0.0−0.1−0.1−0.0−0.0
Free cash flow $B0.00.0−0.0−0.0−0.00.0
EPS, diluted $−0.46−1.11−1.66−1.62−1.07−0.36
Dividend / sh $······
Payout %······
ROE %−31.8−79.2−105.0−62.6−49.0·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 30 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 65 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2020

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