Backblaze, Inc.
About Backblaze, Inc.
Backblaze Inc offers a cloud storage platform designed to help businesses and consumers store, use, and protect their data. The company delivers its services through the Backblaze Storage Cloud platform, a purpose-built, web-scale software architecture operating on commodity hardware. Backblaze's offerings include B2 Cloud Storage, an Infrastructure-as-a-Service (IaaS) solution, and Computer Backup, a Software-as-a-Service (SaaS) solution. Its customer base includes individuals, developers, MSPs, small and medium-sized businesses, and large enterprises across industries, academic institutions, government agencies, and other enterprises. Geographically, the company generates maximum revenue from its business in the United States, followed by the United Kingdom, Canada, and other markets.
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Financial summary
- Revenue FY2025
- $145.8M
- Net income
- -$25.6M
- Total assets
- $191.8M
- Market cap
- $465.7M
- Gross margin
- 60.9%
- Operating margin
- -16.2%
- Net margin
- -17.6%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $145.8M
- Cost of revenue
- $57.0M
- Gross profit
- $88.8M
- Operating expenses
- $112.4M
- Operating income
- -$23.6M
- Income tax
- $84.0K
- Net income
- -$25.6M
- EPS (basic)
- $-0.46
- EPS (diluted)
- $-0.46
Balance sheet
- Total assets
- $191.8M
- Current assets
- $65.7M
- Total liabilities
- $108.6M
- Current liabilities
- $61.6M
- Shareholders’ equity
- $83.2M
Cash flow
- Operating cash flow
- $23.5M
- Investing cash flow
- -$25.3M
- Financing cash flow
- -$14.8M
- Net cash flow
- -$16.6M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year
52-week range
- Market cap
- $465.7M
- EPS (diluted)
- $-0.46
- Shares outstanding
- 61.3M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Nov 11, 2021
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Reported a net loss of $25.6M in FY2025.
- Revenue grew 116% from FY2021 to FY2025.
- Gross margin of 60.9%, net margin -17.6%.
- Trading 29% below its 52-week high.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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