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.

• On a quarterly basis, Cost of Revenue fell 4.72% year-over-year to $14.1 million in Q3 2025; TTM through Sep 2025 was $58.0 million, a 2.35% increase from a year earlier, with the FY2024 full-year figure at $58.3 million, up 11.74% from the prior year.
• Cost of Revenue grew to $14.1 million in Q3 2025 per BLZE's latest filing, from $13.3 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $15.4 million in Q1 2025 and bottomed 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.
• Across the five-year window, Cost of Revenue soared 31.21% in 2023 and declined 5.68% in 2025, its largest moves.
• Year by year, Cost of Revenue stood at $8.9 million in 2021, then grew by 26.58% to $11.2 million in 2022, then grew by 21.7% to $13.7 million in 2023, then increased by 11.94% to $15.3 million in 2024, then fell by 7.8% to $14.1 million in 2025.
• Per Business Quant, the three latest BLZE Cost of Revenue figures stand at $14.1 million (Q3 2025), $13.3 million (Q2 2025), and $15.4 million (Q1 2025).