Backblaze (BLZE) Gross Profit (2020 - 2025)
Backblaze (BLZE) recorded quarterly Gross Profit of $23.1 million in Q3 2025, little changed quarter-over-quarter from $23.0 million in Q2 2025, and up 29.61% on a YoY basis from $17.8 million in Q3 2024.
Backblaze (BLZE) Gross Profit (2020 - 2025) Analysis & Trends
Backblaze's Gross Profit history runs 6 years deep, the most recent figure standing at $23.1 million for Q3 2025.
- In Q3 2025, Gross Profit rose 29.61% year-over-year to $23.1 million; the TTM figure through Sep 2025 stood at $83.9 million (up 27.22% YoY), while the FY2024 annual figure was $69.3 million, up 39.08% from the prior year.
- Gross Profit was $23.1 million for Q3 2025 at Backblaze, roughly flat from $23.0 million in the prior quarter.
- In the past five years, Gross Profit ranged from a high of $23.1 million in Q3 2025 to a low of $7.5 million in Q1 2021.
- Historically, Gross Profit has averaged $13.8 million across 5 years, with a median of $11.8 million in 2023.
- The sharpest annual moves came in 2023 and 2024: Gross Profit gained 4.8% in 2023, then soared 51.45% in 2024.
- A 5-year view of Gross Profit shows it stood at $9.8 million in 2021, then increased by 19.05% to $11.7 million in 2022, then rose by 28.85% to $15.1 million in 2023, then rose by 22.67% to $18.5 million in 2024, then increased by 24.69% to $23.1 million in 2025.
- The last three Gross Profit figures came in at $23.1 million (Q3 2025), $23.0 million (Q2 2025), and $19.3 million (Q1 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 2,903.35 Bn | 2,825.07 Bn | 56.06 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 |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn |
| 10 | Backblaze | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 23.07 Mn |
| Sep 30, 2025 | 23.07 Mn |
| Jun 30, 2025 | 23.04 Mn |
| Jun 30, 2025 | 23.04 Mn |
| Mar 31, 2025 | 19.26 Mn |
| Mar 31, 2025 | 19.26 Mn |
| Dec 31, 2024 | 18.50 Mn |
| Dec 31, 2024 | 18.50 Mn |
| Sep 30, 2024 | 17.80 Mn |
| Sep 30, 2024 | 17.80 Mn |
| Jun 30, 2024 | 17.23 Mn |
| Jun 30, 2024 | 17.23 Mn |
| Mar 31, 2024 | 15.81 Mn |
| Mar 31, 2024 | 15.81 Mn |
| Dec 31, 2023 | 15.08 Mn |
| Dec 31, 2023 | 15.08 Mn |
| Sep 30, 2023 | 11.75 Mn |
| Sep 30, 2023 | 11.75 Mn |
| Jun 30, 2023 | 12.05 Mn |
| Jun 30, 2023 | 12.05 Mn |