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| Date | Value |
|---|---|
| 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 |