Backblaze (BLZE) Free Cash Flow (2020 - 2025)

Backblaze (BLZE) recorded quarterly Free Cash Flow of $1.1 million in Q3 2025, down 58.71% quarter-over-quarter from $2.8 million in Q2 2025, and down 6.71% on a YoY basis from $1.2 million in Q3 2024.

Backblaze (BLZE) Free Cash Flow (2020 - 2025) Analysis & Trends

Backblaze's Free Cash Flow history runs 6 years deep, the most recent figure standing at $1.1 million for Q3 2025.

  • In Q3 2025, Free Cash Flow fell 6.71% year-over-year to $1.1 million; the TTM figure through Dec 2025 stood at $8.3 million (down 22.73% YoY), while the FY2024 annual figure was $10.8 million, up 183.92% from the prior year.
  • Free Cash Flow was $1.1 million for Q3 2025 at Backblaze, down from $2.8 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $10.8 million in Q4 2024 to a low of -$11.4 million in Q2 2023.
  • Historically, Free Cash Flow has averaged -$409157.9 across 5 years, with a median of -$1.4 million in 2022.
  • The sharpest annual moves came in 2021 and 2023: Free Cash Flow tumbled 1530.47% in 2021, then surged 397.2% in 2023.
  • A 5-year view of Free Cash Flow shows it stood at -$5.8 million in 2021, then jumped by 49.16% to -$3.0 million in 2022, then soared by 397.2% to $8.8 million in 2023, then grew by 22.28% to $10.8 million in 2024, then slumped by 89.4% to $1.1 million in 2025.
  • The last three Free Cash Flow figures came in at $1.1 million (Q3 2025), $2.8 million (Q2 2025), and $4.4 million (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Microsoft 2,903.35 Bn 2,825.07 Bn 56.06 Bn 15.80 Bn
2 Alarum Technologies 1,127.45 Bn 1,113.30 Bn 7.23 Mn -
3 Oracle 528.84 Bn 490.27 Bn 15.14 Bn 9.49 Bn
4 Palantir Technologies 306.36 Bn 298.44 Bn 1.42 Bn 891.76 Mn
5 Palo Alto Networks 194.33 Bn 189.79 Bn 1.91 Bn 384.00 Mn
6 CrowdStrike Holdings 171.19 Bn 168.13 Bn 993.68 Mn 395.40 Mn
7 Fortinet 108.13 Bn 104.84 Bn 1.49 Bn 1.02 Bn
8 Synopsys 86.21 Bn 86.09 Bn 1.77 Bn 821.51 Mn
9 Cloudflare 80.35 Bn 79.41 Bn 455.60 Mn 93.10 Mn
10 Backblaze - - - -

Historic Data

Download Data
DateValue
Sep 30, 2025 1.14 Mn
Sep 30, 2025 1.14 Mn
Jun 30, 2025 2.76 Mn
Jun 30, 2025 2.76 Mn
Mar 31, 2025 4.44 Mn
Mar 31, 2025 4.44 Mn
Dec 31, 2024 10.76 Mn
Dec 31, 2024 10.76 Mn
Sep 30, 2024 1.22 Mn
Sep 30, 2024 1.22 Mn
Jun 30, 2024 -4.18 Mn
Jun 30, 2024 -4.18 Mn
Mar 31, 2024 2.99 Mn
Mar 31, 2024 2.99 Mn
Dec 31, 2023 8.80 Mn
Dec 31, 2023 8.80 Mn
Sep 30, 2023 -4.13 Mn
Sep 30, 2023 -4.13 Mn
Jun 30, 2023 -11.45 Mn
Jun 30, 2023 -11.45 Mn