Backblaze, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $145.8M | $127.6M | $102.0M | $85.2M | $67.5M | $53.8M |
| Cost of Revenue | $57.0M | $58.3M | $52.2M | $41.3M | $33.1M | $25.8M |
| Gross Profit | $88.8M | $69.3M | $49.9M | $43.9M | $34.3M | $28.0M |
| Gross Margin | 60.9% | 54.3% | 48.9% | 51.5% | 50.9% | 52.0% |
| Operating Expenses | ||||||
| Research & Development | $46.1M | $42.1M | $39.5M | $33.1M | $20.5M | $13.1M |
| SG&A Expense | $28.9M | $29.1M | $27.0M | $23.5M | $12.9M | $6.7M |
| Operating Income | $-23.6M | $-46.3M | $-57.9M | $-48.1M | $-18.8M | $-3.7M |
| Operating Margin | -16.2% | -36.3% | -56.8% | -56.5% | -27.9% | -6.9% |
| Interest Expense | — | — | $3.8M | $4.3M | $3.7M | $2.9M |
| Pretax Income | $-25.5M | $-48.5M | $-59.7M | $-51.4M | $-21.6M | $-6.6M |
| Income Tax Expense | $84.0K | $6.0K | $0 | $-39.0K | $96.0K | $5.0K |
| Net Income | $-25.6M | $-48.5M | $-59.7M | $-51.4M | $-21.7M | $-6.6M |
| Net Margin | -17.6% | -38.0% | -58.5% | -60.4% | -32.2% | -12.3% |
| EPS (Basic) | $-0.46 | $-1.11 | $-1.66 | $-1.62 | $-1.07 | $-0.36 |
| EPS (Diluted) | $-0.46 | $-1.11 | $-1.66 | $-1.62 | $-1.07 | $-0.36 |
| Shares Outstanding (Basic) | 56.2M | 43.5M | 36.0M | 31.7M | 20.3M | 18.6M |
| Shares Outstanding (Diluted) | 56.2M | 43.5M | 36.0M | 31.7M | 20.3M | 18.6M |
| Dividends Per Share | — | — | — | — | — | — |