Backblaze (BLZE) Gross Margin (2020 - 2025)
Backblaze's (BLZE) quarterly Gross Margin came in at 62.08% in Q3 2025, up 746.0% year-on-year from 7.34% in Q3 2024, and down 2.2% quarter-over-quarter from 63.48% in Q2 2025.
Backblaze (BLZE) Gross Margin (2020 - 2025) Analysis & Trends
Backblaze's Gross Margin history runs 6 years deep, the most recent figure standing at 62.08% for Q3 2025.
- On a quarterly basis, Gross Margin rose 746.0% year-over-year to 62.08% in Q3 2025; TTM through Sep 2025 was 59.12%, a 534.0% increase from a year earlier, with the FY2024 full-year figure at 54.33%, up 546.0% from the prior year.
- Gross Margin fell to 62.08% in Q3 2025 per BLZE's latest filing, from 63.48% in the prior quarter.
- Across five years, Gross Margin topped out at 63.48% in Q2 2025 and bottomed at 46.46% in Q3 2023.
- The 5-year median for Gross Margin is 52.49% (2023), against an average of 52.76%.
- Across the five-year window, Gross Margin plunged 480 bps in 2023 and surged 841 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 52.6% in 2021, then decreased by 3 bps to 51.06% in 2022, then gained by 3 bps to 52.49% in 2023, then advanced by 4 bps to 54.77% in 2024, then advanced by 13 bps to 62.08% in 2025.
- Per Business Quant, the three latest BLZE Gross Margin figures stand at 62.08% (Q3 2025), 63.48% (Q2 2025), and 55.63% (Q1 2025).
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,834.76 Bn | 2,710.32 Bn | 56.06 Bn | 67.63% |
| 2 | PagSeguro Digital | 2,643.44 Bn | 2,643.44 Bn | 358.92 Mn | 37.73% |
| 3 | Oracle | 345.72 Bn | 314.37 Bn | - | - |
| 4 | Repay Holdings | 297.29 Bn | 297.14 Bn | - | - |
| 5 | Palantir Technologies | 295.33 Bn | 287.41 Bn | 1.42 Bn | 86.78% |
| 6 | Pagaya Technologies | 249.07 Bn | 249.08 Bn | 140.38 Mn | 44.15% |
| 7 | Palo Alto Networks | 228.92 Bn | 224.38 Bn | 1.91 Bn | 73.59% |
| 8 | CrowdStrike Holdings | 183.84 Bn | 180.79 Bn | 993.68 Mn | 76.12% |
| 9 | Fortinet | 111.23 Bn | 107.94 Bn | 1.49 Bn | 80.29% |
| 10 | Backblaze | 727.04 Mn | 675.66 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 62.08% |
| Jun 30, 2025 | 63.48% |
| Mar 31, 2025 | 55.63% |
| Dec 31, 2024 | 54.77% |
| Sep 30, 2024 | 54.62% |
| Jun 30, 2024 | 55.07% |
| Mar 31, 2024 | 52.76% |
| Dec 31, 2023 | 52.49% |
| Sep 30, 2023 | 46.46% |
| Jun 30, 2023 | 49.01% |
| Mar 31, 2023 | 46.89% |
| Dec 31, 2022 | 51.06% |
| Sep 30, 2022 | 50.86% |
| Jun 30, 2022 | 53.81% |
| Mar 31, 2022 | 50.33% |
| Dec 31, 2021 | 52.60% |
| Sep 30, 2021 | 50.81% |
| Jun 30, 2021 | 50.92% |
| Mar 31, 2021 | 48.86% |
| Dec 31, 2020 | 51.84% |