Growth Metrics

Backblaze (BLZE) FCF Margin (2020 - 2025)

Backblaze has reported FCF Margin over the past 6 years, most recently at 14.79% for Q3 2025.

  • Quarterly results put FCF Margin at 14.79% for Q3 2025, down 1765.0% from a year ago — trailing twelve months through Sep 2025 was 0.32% (down 701.0% YoY), and the annual figure for FY2024 was 0.03%, up 2166.0%.
  • FCF Margin for Q3 2025 was 14.79% at Backblaze, up from 4.09% in the prior quarter.
  • Over the last five years, FCF Margin for BLZE hit a ceiling of 32.44% in Q3 2024 and a floor of 43.51% in Q3 2023.
  • Median FCF Margin over the past 5 years was 4.09% (2024), compared with a mean of 8.26%.
  • Biggest five-year swings in FCF Margin: skyrocketed 8929bps in 2021 and later tumbled -4993bps in 2022.
  • Backblaze's FCF Margin stood at 31.14% in 2021, then grew by 10bps to 28.03% in 2022, then surged by 95bps to 1.42% in 2023, then crashed by -1855bps to 27.68% in 2024, then surged by 153bps to 14.79% in 2025.
  • The last three reported values for FCF Margin were 14.79% (Q3 2025), 4.09% (Q2 2025), and 8.15% (Q1 2025) per Business Quant data.