Backblaze (BLZE) FCF Margin (2020 - 2025)

Backblaze's FCF Margin history runs 6 years deep, the most recent figure standing at 22.13% for Q3 2025.

• On a quarterly basis, FCF Margin rose 709.0% year-over-year to 22.13% in Q3 2025; TTM through Sep 2025 was 9.5%, a 82.0% decrease from a year earlier, with the FY2024 full-year figure at 8.46%, up 2106.0% from the prior year.
• FCF Margin rose to 22.13% in Q3 2025 per BLZE's latest filing, from 0.37% in the prior quarter.
• Across five years, FCF Margin topped out at 22.13% in Q3 2025 and bottomed at 48.37% in Q2 2022.
• The 5-year median for FCF Margin is 2.8% (2024), against an average of 3.85%.
• Across the five-year window, FCF Margin tumbled 6217 bps in 2022 and jumped 4686 bps in 2024, its largest moves.
• Year by year, FCF Margin stood at 37.4% in 2021, then surged by 65 bps to 12.91% in 2022, then soared by 176 bps to 9.75% in 2023, then plunged by 71 bps to 2.8% in 2024, then surged by 691 bps to 22.13% in 2025.
• Per Business Quant, the three latest BLZE FCF Margin figures stand at 22.13% (Q3 2025), 0.37% (Q2 2025), and 12.83% (Q1 2025).