Backblaze (BLZE) EBT Margin (2020 - 2025)
Backblaze's EBT Margin was -10.17% in Q3 2025, up 28.97 percentage points from -39.13% a year earlier and up 9.39 percentage points from the prior quarter.
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Analysis
Backblaze (BLZE) EBT Margin (2020 - 2025) Analysis & Trends
On a trailing twelve-month basis, Backblaze's EBT Margin was -24.31% through Sep 30, 2025, up 13.50 percentage points year-over-year; for FY2024, it was -38.02%, up 20.51 percentage points from FY2023.
- EBT Margin shows a four-year change of -25.72 percentage points (FY2020 to FY2024).
- In earlier years, EBT Margin was -58.53% in FY2023 (+1.87 pp), -60.40% in FY2022 (-28.38 pp), -32.02% in FY2021 (-19.72 pp) and -12.30% in FY2020.
- The Q3 2025 figure marks the highest quarterly EBT Margin in data going back to Q3 2020.
- Compared with a year earlier, EBT Margin has increased for three straight quarters, with an average year-over-year change of +19.88 percentage points over the last eight quarters.
- The best year-over-year quarter for EBT Margin over five years was Q1 2024 (a gain of 36.29 percentage points); the worst was Q2 2022 (a drop of 42.00 percentage points).
- Per Business Quant data, BLZE's EBT Margin in the three quarters before Q3 2025 was -19.55% (Q2 2025), -26.70% (Q1 2025) and -42.55% (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,780.05 Bn | 3,703.20 Bn | 60.48 Bn | 48.94% |
| 2 | International Business Machines | 207.28 Bn | 158.18 Bn | 9.91 Bn | 14.44% |
| 3 | Cloudflare | 113.42 Bn | 96.95 Bn | 499.52 Mn | -24.13% |
| 4 | Equinix | 100.18 Bn | 88.73 Bn | 1.40 Bn | 19.92% |
| 5 | Nebius | 60.05 Bn | 33.49 Bn | 448.70 Mn | -30.35% |
| 6 | CoreWeave | 47.35 Bn | 34.44 Bn | 1.70 Bn | -21.90% |
| 7 | Verisign | 25.30 Bn | 22.51 Bn | 384.60 Mn | 64.80% |
| 8 | Nutanix | 18.96 Bn | 10.65 Bn | 651.35 Mn | 10.93% |
| 9 | Akamai Technologies | 15.57 Bn | 8.98 Bn | 613.75 Mn | 9.10% |
| 10 | Backblaze | 772.03 Mn | 566.60 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | -10.17% |
| Jun 30, 2025 | -19.55% |
| Mar 31, 2025 | -26.70% |
| Dec 31, 2024 | -42.55% |
| Sep 30, 2024 | -39.13% |
| Jun 30, 2024 | -33.08% |
| Mar 31, 2024 | -36.86% |
| Dec 31, 2023 | -42.48% |
| Sep 30, 2023 | -63.46% |
| Jun 30, 2023 | -58.31% |
| Mar 31, 2023 | -73.15% |
| Dec 31, 2022 | -63.09% |
| Sep 30, 2022 | -58.05% |
| Jun 30, 2022 | -56.13% |
| Mar 31, 2022 | -64.45% |
| Dec 31, 2021 | -51.59% |
| Sep 30, 2021 | -34.60% |
| Jun 30, 2021 | -14.13% |
| Mar 31, 2021 | -24.09% |
| Dec 31, 2020 | -23.48% |
API Access
Backblaze EBT 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=ebt-margin&ticker=BLZE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=BLZE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();