Backblaze (BLZE) Net Margin (2020 - 2024)

Backblaze has reported Net Margin for 5 years, with the latest figure at 38.03% in FY2024.

• On a quarterly basis, Net Margin rose 2897.0% year-over-year to 10.17% in Q3 2025; TTM through Sep 2025 was 24.37%, a 1345.0% increase from a year earlier, with the FY2024 full-year figure at 38.03%, up 2051.0% from the prior year.
• Net Margin was 38.03% for FY2024 at Backblaze, up from 58.53% in the prior year.
• The five-year high for Net Margin was 12.31% in FY2020, with the low at 60.36% in FY2022.
• Average Net Margin over 5 years is 40.28%, with a median of 38.03% recorded in 2024.
• The sharpest annual moves came in 2022 and 2024: Net Margin sank 2819 bps in 2022, then surged 2051 bps in 2024.
• Over 5 years, Net Margin stood at 12.31% in 2020, then plunged by 161 bps to 32.16% in 2021, then tumbled by 88 bps to 60.36% in 2022, then gained by 3 bps to 58.53% in 2023, then surged by 35 bps to 38.03% in 2024.
• The last three Net Margin figures came in at 38.03% (FY2024), 58.53% (FY2023), and 60.36% (FY2022), per Business Quant data.