Backblaze (BLZE) Gross Profit (2020 - 2025)
Backblaze (BLZE) posted quarterly Gross Profit of $23.1 million for Q3 2025, up 29.61% year-over-year from $17.8 million in Q3 2024, and little changed quarter-over-quarter from $23.0 million in Q2 2025.
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 for Q3 2025 stood at $23.1 million, roughly flat from $23.0 million in the prior quarter.
- The five-year high for Gross Profit was $23.1 million in Q3 2025, with the low at $7.5 million in Q1 2021.
- The 5-year median for Gross Profit is $11.8 million (2023), against an average of $13.8 million.
- The sharpest annual moves came in 2023 and 2024: Gross Profit rose 4.8% in 2023, then surged 51.45% in 2024.
- Backblaze's Gross Profit stood at $9.8 million in 2021, then grew by 19.05% to $11.7 million in 2022, then increased by 28.85% to $15.1 million in 2023, then increased by 22.67% to $18.5 million in 2024, then grew by 24.69% to $23.1 million in 2025.
- Business Quant data shows BLZE's Gross Profit at $23.1 million in Q3 2025, $23.0 million in Q2 2025, and $19.3 million in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn |
| 10 | Backblaze | 1.10 Bn | 1.05 Bn | - |
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 |