Backblaze (BLZE) Cost of Revenue (2020 - 2025)

Backblaze's Cost of Revenue history runs 6 years deep, the most recent figure standing at $14.1 million for Q3 2025.

• In Q3 2025, Cost of Revenue fell 4.72% year-over-year to $14.1 million; the TTM figure through Sep 2025 stood at $58.0 million (up 2.35% YoY), while the FY2024 annual figure was $58.3 million, up 11.74% from the prior year.
• Cost of Revenue for Q3 2025 stood at $14.1 million, up from $13.3 million in the prior quarter.
• The five-year high for Cost of Revenue was $15.4 million in Q1 2025, with the low at $7.8 million in Q1 2021.
• The 5-year median for Cost of Revenue is $12.5 million (2023), against an average of $12.0 million.
• The sharpest annual moves came in 2023 and 2025: Cost of Revenue soared 31.21% in 2023, then decreased 5.68% in 2025.
• Backblaze's Cost of Revenue stood at $8.9 million in 2021, then climbed by 26.58% to $11.2 million in 2022, then climbed by 21.7% to $13.7 million in 2023, then grew by 11.94% to $15.3 million in 2024, then declined by 7.8% to $14.1 million in 2025.
• Business Quant data shows BLZE's Cost of Revenue at $14.1 million in Q3 2025, $13.3 million in Q2 2025, and $15.4 million in Q1 2025.