Backblaze (BLZE) FCF Margin (2020 - 2025)
Backblaze (BLZE) posted quarterly FCF Margin of 10.86% for Q3 2025, up 711.0% year-over-year from 1.34% in Q3 2024, and up 165.71% quarter-over-quarter from 4.09% in Q2 2025.
Backblaze (BLZE) FCF Margin (2020 - 2025) Analysis & Trends
Backblaze's FCF Margin history runs 6 years deep, the most recent figure standing at 10.86% for Q3 2025.
- In Q3 2025, FCF Margin rose 711.0% year-over-year to 10.86%; the TTM figure through Sep 2025 stood at 5.88% (up 618.0% YoY), while the FY2024 annual figure was 0.03%, up 2166.0% from the prior year.
- FCF Margin for Q3 2025 stood at 10.86%, up from 4.09% in the prior quarter.
- The five-year high for FCF Margin was 10.86% in Q3 2025, with the low at 43.26% in Q2 2022.
- The 5-year median for FCF Margin is 4.09% (2024), against an average of 10.27%.
- The sharpest annual moves came in 2021 and 2024: FCF Margin tumbled 3433 bps in 2021, then soared 3718 bps in 2024.
- Backblaze's FCF Margin stood at 16.74% in 2021, then slumped by 60 bps to 26.73% in 2022, then jumped by 95 bps to 1.42% in 2023, then soared by 99 bps to 0.01% in 2024, then surged by 122442 bps to 10.86% in 2025.
- Business Quant data shows BLZE's FCF Margin at 10.86% in Q3 2025, 4.09% in Q2 2025, and 8.15% in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 21.82% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | -9.76% |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 62.08% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 26.25% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 47.15% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 9.71% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 32.19% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -223.03% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | -114.17% |
| 10 | Backblaze | 1.10 Bn | 1.05 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 10.86% |
| Jun 30, 2025 | 4.09% |
| Mar 31, 2025 | 8.15% |
| Dec 31, 2024 | -0.01% |
| Sep 30, 2024 | 3.75% |
| Jun 30, 2024 | -4.09% |
| Mar 31, 2024 | 0.31% |
| Dec 31, 2023 | -1.42% |
| Sep 30, 2023 | -16.34% |
| Jun 30, 2023 | -36.20% |
| Mar 31, 2023 | -36.87% |
| Dec 31, 2022 | -26.73% |
| Sep 30, 2022 | -23.84% |
| Jun 30, 2022 | -43.26% |
| Mar 31, 2022 | -10.67% |
| Dec 31, 2021 | -16.74% |
| Sep 30, 2021 | 5.55% |
| Jun 30, 2021 | -11.02% |
| Mar 31, 2021 | -0.62% |
| Dec 31, 2020 | 17.59% |