Backblaze, Inc.

BLZE · XNAS

CIK 1462056fmd_0YTDYBCAG05T4YZTP38BHBR2TMServices · Services-Prepackaged SoftwareTemplate: Standard

Coverage: Jan 01, 2020 to Sep 30, 2026, 25 periods

Income Statement · Annual · Millions · USD
Line item	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	54	67	85	102	128	146
Cost of revenue	26	33	41	52	58	57
Gross profit	28	34	44	50	69	89
Research and development	13	21	33	40	42	46
Selling, general and administrative	19	33	59	68	74	66
Total operating expenses	32	53	92	108	116	112
Operating income	(4)	(19)	(48)	(58)	(46)	(24)
Interest expense	3	4	4	4	4	4
Interest and investment income	–	0	1	2	1	2
Income before taxes	(7)	(22)	(51)	(60)	(49)	(26)
Income tax expense	0	0	(0)	0	0	0
Net income from continuing operations	(7)	(22)	(51)	(60)	(49)	(26)
Net income	(7)	(22)	(51)	(60)	(49)	(26)