Name: BLZE Income Statement - Backblaze Revenue & EPS | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Revenue, Cost of Revenue, Gross Profit, Operating Expenses, Operating Income, Net Income, EPS Basic, EPS Diluted

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BLZE - Backblaze, Inc.

USD | NASDAQ | Technology

BLZE Income Statement - Backblaze Revenue & EPS | Ledgeburg

(in millions of USD, except per-share data)	Q1 FY 26	Q4 FY 25	Q3 FY 25	Q2 FY 25	Q1 FY 25	Q4 FY 24	Q3 FY 24	Q2 FY 24	Q1 FY 24	Q4 FY 23	Q3 FY 23	Q2 FY 23	Q1 FY 23	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q1 FY 22	Q4 FY 21	Q3 FY 21	Q2 FY 21	Q1 FY 21	Q3 FY 20
Revenues
Revenues	38.7	37.8	37.2	36.3	34.6	33.8	32.6	31.3	30.0	28.7	25.3	24.6	23.4	22.9	22.1	20.7

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

(in millions of USD, except per-share data)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Revenues
Revenues	149.9	145.8	127.6	102.0	85.2	67.5	53.8
Cost of Revenue	56.8	57.0	58.3	52.2	41.3	33.1	25.8
Gross Profit	93.1	88.8	69.3	49.9	43.9	34.3	28.0
Operating Expenses
Research & Development	45.5	46.1	42.1	39.5	33.1	20.5	13.1
Selling General & Administrative	-	-	-	-	-	-
Operating Income
Operating Income	(20.2)	(23.6)	(46.3)	(57.9)	(48.1)	(18.8)	(3.7)
Non-Operating
Interest Income	1.8	2.0	1.4	2.0	1.0	0.0	-
Interest Expense	4.2	3.9	3.7	3.8	4.3	3.7	2.9
Tax & Net
Income Tax Expense	0.0	0.1	0.0	0.0	(0.0)	0.1	0.0
Net Income From Continuing Ops	(22.4)	(25.6)	(48.5)	(59.7)	(51.4)	(21.7)
Per Share
EPS Basic	(0.38)	(0.46)	(1.11)	(1.66)	(1.62)	(1.07)	(0.36)
EPS Diluted	(0.38)	(0.46)	(1.11)	(1.66)	(1.62)	(1.07)	(0.36)
Supplementary Data
EBITDA	-	2.0	(18.0)	(33.0)	(28.0)	(2.5)	9.2
EBIT	(20.2)	(23.6)	(46.3)	(57.9)	(48.1)	(18.8)	(3.7)

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

Operating Expenses
Research & Development	11.3	11.1	11.2	11.9	11.9	12.0	10.7	9.6	9.7	9.4	9.6	9.9	10.5	8.6	8.2	8.4	7.9	6.2	5.3	4.7	4.3	3.3
Selling General & Administrative	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling & Marketing	10.3	9.0	9.0	10.2	9.3	11.7	11.7	11.0	10.0	10.1	10.7	9.9	10.6	9.3	9.7	8.4	8.0
General & Administrative	7.3	8.1	6.2	7.7	6.9	8.5	7.5	6.5	6.6	7.2	6.9	6.2	6.7	7.4	5.4	5.2	5.5
Depreciation & Amortization	6.7	-	-	-	7.8	10.5	5.4	5.5	6.9	8.4	5.5	5.3	5.7	6.5	4.8	4.0
Amortization of Intangibles	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	28.9	28.2	26.4	29.8	28.0	32.3	30.0	27.0	26.3	26.7	27.3	26.0	27.8	25.3	23.3	22.0

Operating Income
Operating Income	(5.4)	(4.8)	(3.3)	(6.7)	(8.8)	(13.8)	(12.2)	(9.8)	(10.5)	(11.6)	(15.6)	(13.9)	(16.8)	(13.5)	(12.1)	(10.8)	(11.7)	(7.6)	(4.7)	(3.7)	(2.8)	(1.1)

Non-Operating
Interest Income	0.4	0.5	0.5	0.5	0.5	0.4	0.3	0.4	0.4	0.4	0.4	0.5	0.6	0.6	0.2	0.1	0.1	0.0	0.0	0.0	0.0	-
Interest Expense	1.2	1.2	0.9	0.9	0.9	1.0	0.9	0.9	0.9	1.0	0.9	0.9	0.9	1.5	1.0	0.9	0.9	1.0
Income From Equity Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non-Operating Income	0.0	-	-	-	(0.1)	-	-	-	-	-	-	-	-	-	-	-	-
Pre-Tax Income	(6.1)	(5.4)	(3.8)	(7.1)	(9.2)	(14.4)	(12.8)	(10.3)	(11.0)	(12.2)	(16.1)	(14.3)	(17.1)	(14.5)	(12.8)	(11.6)

Tax & Net
Income Tax Expense	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	(0.0)	(0.0)	(0.0)	0.0	0.1	0.0	0.0
Net Income From Continuing Ops	(6.1)	(5.4)	(3.8)	(7.1)	(9.3)	(14.4)	(12.8)	(10.3)	(11.1)	(12.2)	(16.1)	(14.3)	(17.1)	(14.5)	(12.8)	(11.6)	(12.5)
Net Income From Discontinued Ops	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	(6.1)	(5.4)	(3.8)	(7.1)	(9.3)	(14.4)	(12.8)	(10.3)	(11.1)	(12.2)	(16.1)	(14.3)	(17.1)	(14.5)	(12.8)	(11.6)	(12.5)
Net Income Attributable To Parent	(6.1)	(5.4)	(3.8)	(7.1)	(9.3)	(14.4)	(12.8)	(10.3)	(11.1)	(12.2)	(16.1)	(14.3)	(17.1)	(14.5)	(12.8)	(11.6)
Less: Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Preferred Dividends	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income To Common Shareholders	(6.1)	(5.4)	(3.8)	(7.1)	(9.3)	(14.4)	(12.8)	(10.3)	(11.1)	(12.2)	(16.1)	(14.3)	(17.1)	(14.5)	(12.8)

Per Share
EPS Basic	(0.10)	-	(0.07)	(0.13)	(0.17)	-	(0.29)	(0.25)	(0.27)	-	(0.44)	(0.41)	(0.50)	-	(0.40)	(0.37)	(0.41)	-	(0.32)	(0.13)	(0.20)	(0.10)
EPS Diluted	(0.10)	-	(0.07)	(0.13)	(0.17)	-	(0.29)	(0.25)	(0.27)	-	(0.44)	(0.41)	(0.50)	-	(0.40)	(0.37)	(0.41)	-
Shares Basic	59.3	-	57.0	55.6	54.1	-	43.5	42.2	40.2	-	36.7	35.1	33.9	-	32.0	31.2	30.5	-
Shares Diluted	59.3	-	57.0	55.6	54.1	-	43.5	42.2	40.2	-	36.7	35.1	33.9	-	32.0	31.2	30.5	-

Supplementary Data
EBITDA	1.4	-	-	-	(1.0)	(3.3)	(6.8)	(4.3)	(3.6)	(3.2)	(10.1)	(8.6)	(11.1)	(7.1)	(7.3)	(6.8)	(6.8)	(2.5)	(1.1)	(0.1)	1.2	1.9
EBIT	(5.4)	(4.8)	(3.3)	(6.7)	(8.8)	(13.8)	(12.2)	(9.8)	(10.5)	(11.6)	(15.6)	(13.9)	(16.8)	(13.5)	(12.1)	(10.8)	(11.7)	(7.6)	(4.7)