Backblaze (BLZE) EBIT Margin (2020 - 2025)
Backblaze (BLZE) recorded EBIT Margin of -8.94% in Q3 2025, up 28.49 percentage points from -37.43% a year earlier and up 8.25 percentage points from the prior quarter.
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Analysis
Backblaze (BLZE) EBIT Margin (2020 - 2025) Analysis & Trends
On a TTM basis, Backblaze's EBIT Margin came in at -22.63% as of Sep 30, 2025, up 13.38 percentage points year-over-year; for FY2024, it was -36.27%, up 20.49 percentage points from FY2023.
- Annual EBIT Margin has a four-year change of -29.33 percentage points (FY2020 to FY2024).
- Across earlier years, EBIT Margin came in at -56.76% in FY2023 (-0.26 pp), -56.50% in FY2022 (-28.65 pp), -27.85% in FY2021 (-20.91 pp) and -6.94% in FY2020.
- The Q3 2025 figure is the highest quarterly EBIT Margin since Q3 2020.
- On a year-over-year basis, EBIT Margin has increased for three consecutive quarters, with an average year-over-year change of +19.60 percentage points over the last eight quarters.
- Peak year-over-year performance for EBIT Margin in the last five years was a gain of 36.74 percentage points in Q1 2024, against a drop of 41.58 percentage points in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at -17.19% (Q2 2025), -25.34% (Q1 2025) and -40.76% (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,781.98 Bn | 3,705.13 Bn | 60.48 Bn | 45.11% |
| 2 | International Business Machines | 207.92 Bn | 158.82 Bn | 9.91 Bn | 15.24% |
| 3 | Cloudflare | 114.07 Bn | 97.60 Bn | 499.52 Mn | -29.55% |
| 4 | Equinix | 99.76 Bn | 88.32 Bn | 1.40 Bn | 25.33% |
| 5 | Nebius | 58.67 Bn | 32.10 Bn | 448.70 Mn | -30.21% |
| 6 | CoreWeave | 46.87 Bn | 33.97 Bn | 1.70 Bn | -1.90% |
| 7 | Verisign | 25.50 Bn | 22.71 Bn | 384.60 Mn | 68.18% |
| 8 | Nutanix | 18.59 Bn | 10.27 Bn | 651.35 Mn | 9.24% |
| 9 | Akamai Technologies | 15.65 Bn | 9.06 Bn | 613.75 Mn | 7.30% |
| 10 | Backblaze | 781.26 Mn | 575.83 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | -8.94% |
| Jun 30, 2025 | -17.19% |
| Mar 31, 2025 | -25.34% |
| Dec 31, 2024 | -40.76% |
| Sep 30, 2024 | -37.43% |
| Jun 30, 2024 | -31.35% |
| Mar 31, 2024 | -35.07% |
| Dec 31, 2023 | -40.45% |
| Sep 30, 2023 | -61.53% |
| Jun 30, 2023 | -56.59% |
| Mar 31, 2023 | -71.81% |
| Dec 31, 2022 | -59.08% |
| Sep 30, 2022 | -54.69% |
| Jun 30, 2022 | -52.30% |
| Mar 31, 2022 | -59.97% |
| Dec 31, 2021 | -40.53% |
| Sep 30, 2021 | -26.94% |
| Jun 30, 2021 | -23.12% |
| Mar 31, 2021 | -18.40% |
| Dec 31, 2020 | -17.03% |
API Access
Backblaze EBIT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebit-margin&ticker=BLZE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "ticker": "BLZE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebit-margin&ticker=BLZE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();