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Backblaze (BLZE) Cost of Revenue: 2020-2025

Historic Cost of Revenue for Backblaze (BLZE) over the last 5 years, with Sep 2025 value amounting to $14.1 million.

  • Backblaze's Cost of Revenue fell 4.72% to $14.1 million in Q3 2025 from the same period last year, while for Sep 2025 it was $58.0 million, marking a year-over-year increase of 2.35%. This contributed to the annual value of $58.3 million for FY2024, which is 11.74% up from last year.
  • As of Q3 2025, Backblaze's Cost of Revenue stood at $14.1 million, which was up 6.29% from $13.3 million recorded in Q2 2025.
  • Backblaze's Cost of Revenue's 5-year high stood at $15.4 million during Q1 2025, with a 5-year trough of $7.8 million in Q1 2021.
  • For the 3-year period, Backblaze's Cost of Revenue averaged around $13.9 million, with its median value being $14.1 million (2024).
  • Per our database at Business Quant, Backblaze's Cost of Revenue spiked by 31.21% in 2023 and then dropped by 5.68% in 2025.
  • Backblaze's Cost of Revenue (Quarterly) stood at $8.9 million in 2021, then rose by 26.58% to $11.2 million in 2022, then grew by 21.70% to $13.7 million in 2023, then increased by 11.94% to $15.3 million in 2024, then decreased by 4.72% to $14.1 million in 2025.
  • Its Cost of Revenue was $14.1 million in Q3 2025, compared to $13.3 million in Q2 2025 and $15.4 million in Q1 2025.