← Backblaze, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $53.8m |
$67.5m
+25.46%
|
$85.2m
+26.19%
|
$102.0m
+19.80%
|
$127.6m
+25.10%
|
$145.8m
+14.27%
|
$156.3m
+7.18%
|
|
| Cost of revenue | $25.8m |
$33.1m
+28.44%
|
$41.3m
+24.61%
|
$52.2m
+26.32%
|
$58.3m
+11.74%
|
$57.0m
-2.13%
|
$59.4m
+4.21%
|
|
| Gross profit | $28.0m |
$34.3m
+22.72%
|
$43.9m
+27.73%
|
$49.9m
+13.67%
|
$69.3m
+39.08%
|
$88.8m
+28.05%
|
$96.9m
+9.08%
|
|
| Research and development | $13.1m | $20.5m | $33.1m | $39.5m | $42.1m | $46.1m | $44.7m | |
| Sales and marketing | $11.9m | $19.7m | $35.4m | $41.3m | $44.4m | $37.4m | — | |
| General and administrative | $6.7m | $12.9m | $23.5m | $27.0m | $29.1m | $28.9m | $31.9m | |
| Total operating expenses | $31.7m | $53.1m | $92.0m | $107.8m | $115.6m | $112.4m | $115.0m | |
| Loss from operations | ($3.7m) |
($18.8m)
-403.59%
|
($48.1m)
-156.00%
|
($57.9m)
-20.35%
|
($46.3m)
+20.06%
|
($23.6m)
+48.97%
|
— | |
| Interest expense | ($2.9m) | ($3.7m) | ($4.3m) | ($3.8m) | ($3.7m) | ($3.9m) | $4.6m | |
| Investment income | — | $0 | $965k | $2.0m | $1.4m | $2.0m | — | |
| Loss before provision for income taxes | ($6.6m) | ($21.6m) | ($51.4m) | ($59.7m) | ($48.5m) | ($25.5m) | — | |
| Income tax provision | $5k | $96k | ($39k) | $0 | $6k | $84k | — | |
| Net loss and comprehensive loss | ($6.6m) | ($21.7m) | ($51.4m) | ($59.7m) | ($48.5m) | ($25.6m) | — | |
| Net loss per share, basic (USD per share) | ($0) | ($1) | ($2) | ($2) | ($1) | ($0) | — | |
| Net loss per share, diluted (USD per share) | ($0) | ($1) | ($2) | ($2) | ($1) | ($0) | — | |
| Weighted-average shares of Class A common stock outstanding – basic (in shares) | 18.6m | 20.3m | 31.7m | 36.0m | 43.5m | 56.2m | — | |
| Weighted average Class A common shares outstanding, diluted (in shares) | 18.6m | 20.3m | 31.7m | 36.0m | 43.5m | 56.2m | — |