Backblaze (BLZE) Free Cash Flow (2020 - 2025)
Backblaze (BLZE) recorded Free Cash Flow of $2.6 million in Q3 2025, down 41.4% from $4.44 million a year earlier and down 5.8% from the prior quarter.
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Analysis
Backblaze (BLZE) Free Cash Flow (2020 - 2025) Analysis & Trends
On a TTM basis, Backblaze's Free Cash Flow came in at $11.21 million as of Sep 30, 2025, down 8.0% year-over-year; for FY2024, it came in at $10.79 million.
- Annual Free Cash Flow has a four-year compound annual growth rate of 0.2% (FY2020 to FY2024).
- Across earlier years, Free Cash Flow came in at -$12.86 million in FY2023, -$21.13 million in FY2022, -$4.04 million in FY2021 and $10.69 million in FY2020.
- Quarterly Free Cash Flow has ranged from -$8.28 million in Q2 2022 to $4.44 million in Q1 2025 over the past five years.
- On a year-over-year basis, Free Cash Flow rose in two of the last four quarters, with an average decline of 0.4%.
- Per Business Quant, the preceding three quarters came in at $2.76 million (Q2 2025), $4.44 million (Q1 2025) and $1.41 million (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,809.31 Bn | 3,732.47 Bn | 60.48 Bn | 19.64 Bn |
| 2 | International Business Machines | 207.26 Bn | 158.16 Bn | 9.91 Bn | 2.37 Bn |
| 3 | Cloudflare | 111.87 Bn | 95.40 Bn | 499.52 Mn | 67.60 Mn |
| 4 | Equinix | 99.81 Bn | 88.37 Bn | 1.40 Bn | -511.00 Mn |
| 5 | Nebius | 59.68 Bn | 33.11 Bn | 448.70 Mn | 7.90 Bn |
| 6 | CoreWeave | 48.00 Bn | 35.10 Bn | 1.70 Bn | -5.74 Bn |
| 7 | Verisign | 25.49 Bn | 22.71 Bn | 384.60 Mn | 212.80 Mn |
| 8 | Nutanix | 19.05 Bn | 10.74 Bn | 651.35 Mn | 277.57 Mn |
| 9 | Akamai Technologies | 15.27 Bn | 8.68 Bn | 613.75 Mn | 181.34 Mn |
| 10 | Backblaze | 807.22 Mn | 601.80 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 2.60 Mn |
| Jun 30, 2025 | 2.76 Mn |
| Mar 31, 2025 | 4.44 Mn |
| Dec 31, 2024 | 1.41 Mn |
| Sep 30, 2024 | 4.44 Mn |
| Jun 30, 2024 | 1.96 Mn |
| Mar 31, 2024 | 2.99 Mn |
| Dec 31, 2023 | 2.80 Mn |
| Sep 30, 2023 | -517,000.00 |
| Jun 30, 2023 | -6.93 Mn |
| Mar 31, 2023 | -8.21 Mn |
| Dec 31, 2022 | -6.43 Mn |
| Sep 30, 2022 | -5.01 Mn |
| Jun 30, 2022 | -8.28 Mn |
| Mar 31, 2022 | -1.42 Mn |
| Dec 31, 2021 | -3.13 Mn |
| Sep 30, 2021 | 962,000.00 |
| Jun 30, 2021 | -1.78 Mn |
| Mar 31, 2021 | -95,000.00 |
| Dec 31, 2020 | 2.90 Mn |
API Access
Backblaze Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=BLZE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "BLZE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=BLZE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();