Backblaze (BLZE) Gross Margin (2020 - 2025)
Backblaze (BLZE) recorded quarterly Gross Margin of 62.08% in Q3 2025, down 2.2% quarter-over-quarter from 63.48% in Q2 2025, and up 746.0% on a YoY basis from 7.34% in Q3 2024.
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.
- In Q3 2025, Gross Margin rose 746.0% year-over-year to 62.08%; the TTM figure through Sep 2025 stood at 59.12% (up 534.0% YoY), while the FY2024 annual figure was 54.33%, up 546.0% from the prior year.
- Gross Margin was 62.08% for Q3 2025 at Backblaze, down from 63.48% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 63.48% in Q2 2025 to a low of 46.46% in Q3 2023.
- Historically, Gross Margin has averaged 52.76% across 5 years, with a median of 52.49% in 2023.
- The sharpest annual moves came in 2023 and 2025: Gross Margin plunged 480 bps in 2023, then soared 841 bps in 2025.
- A 5-year view of Gross Margin shows it 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.
- The last three Gross Margin figures came in at 62.08% (Q3 2025), 63.48% (Q2 2025), and 55.63% (Q1 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,903.35 Bn | 2,825.07 Bn | 56.06 Bn | 67.63% |
| 2 | Alarum Technologies | 1,127.45 Bn | 1,113.30 Bn | 7.23 Mn | 61.73% |
| 3 | Oracle | 528.84 Bn | 490.27 Bn | 15.14 Bn | 88.06% |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn | 86.78% |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn | 73.59% |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn | 76.12% |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn | 80.29% |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn | 73.54% |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn | 71.21% |
| 10 | Backblaze | - | - | - | - |
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% |