Backblaze (BLZE) EBITDA (2020 - 2025)
Backblaze (BLZE) posted quarterly EBITDA of -$3.3 million for Q3 2025, up 72.77% year-over-year from -$1.9 million in Q3 2024, and up 50.56% quarter-over-quarter from -$6.7 million in Q2 2025.
Backblaze (BLZE) EBITDA (2020 - 2025) Analysis & Trends
Backblaze's EBITDA history runs 6 years deep, the most recent figure standing at -$3.3 million for Q3 2025.
- In Q3 2025, EBITDA rose 72.77% year-over-year to -$3.3 million; the TTM figure through Sep 2025 stood at -$32.6 million (up 26.19% YoY), while the FY2024 annual figure was -$46.3 million, up 20.06% from the prior year.
- EBITDA for Q3 2025 stood at -$3.3 million, up from -$6.7 million in the prior quarter.
- The five-year high for EBITDA was -$2.8 million in Q1 2021, with the low at -$16.8 million in Q1 2023.
- The 5-year median for EBITDA is -$10.8 million (2022), against an average of -$10.0 million.
- The sharpest annual moves came in 2021 and 2025: EBITDA plunged 342.27% in 2021, then soared 72.77% in 2025.
- Backblaze's EBITDA stood at -$7.6 million in 2021, then plunged by 78.76% to -$13.5 million in 2022, then grew by 14.17% to -$11.6 million in 2023, then fell by 18.47% to -$13.8 million in 2024, then soared by 75.89% to -$3.3 million in 2025.
- Business Quant data shows BLZE's EBITDA at -$3.3 million in Q3 2025, -$6.7 million in Q2 2025, and -$8.8 million in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 40.60 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 6.13 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 912.00 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | -183.00 Mn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 689.30 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -205.70 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 203.05 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -49.00 Mn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 446.87 Mn |
| 10 | Backblaze | 1.10 Bn | 1.05 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -3.32 Mn |
| Jun 30, 2025 | -6.72 Mn |
| Mar 31, 2025 | -8.77 Mn |
| Dec 31, 2024 | -13.77 Mn |
| Sep 30, 2024 | -12.20 Mn |
| Jun 30, 2024 | -9.81 Mn |
| Mar 31, 2024 | -10.51 Mn |
| Dec 31, 2023 | -11.63 Mn |
| Sep 30, 2023 | -15.57 Mn |
| Jun 30, 2023 | -13.91 Mn |
| Mar 31, 2023 | -16.80 Mn |
| Dec 31, 2022 | -13.55 Mn |
| Sep 30, 2022 | -12.06 Mn |
| Jun 30, 2022 | -10.82 Mn |
| Mar 31, 2022 | -11.69 Mn |
| Dec 31, 2021 | -7.58 Mn |
| Sep 30, 2021 | -4.67 Mn |
| Jun 30, 2021 | -3.73 Mn |
| Mar 31, 2021 | -2.82 Mn |
| Dec 31, 2020 | -2.49 Mn |