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Backblaze (BLZE) Cost of Revenue: 2020-2024

Historic Cost of Revenue for Backblaze (BLZE) over the last 5 years, with Dec 2024 value amounting to $58.3 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.
  • According to the latest figures from FY2024, Backblaze's Cost of Revenue is $58.3 million, which was up 11.74% from $52.2 million recorded in FY2023.
  • Over the past 5 years, Backblaze's Cost of Revenue peaked at $58.3 million during FY2024, and registered a low of $25.8 million during FY2020.
  • Its 3-year average for Cost of Revenue is $50.6 million, with a median of $52.2 million in 2023.
  • Data for Backblaze's Cost of Revenue shows a peak YoY grew of 28.44% (in 2021) over the last 5 years.
  • Backblaze's Cost of Revenue (Yearly) stood at $25.8 million in 2020, then grew by 28.44% to $33.1 million in 2021, then grew by 24.61% to $41.3 million in 2022, then increased by 26.32% to $52.2 million in 2023, then rose by 11.74% to $58.3 million in 2024.