Backblaze (BLZE) Operating Expenses (2020 - 2025)

Backblaze's Operating Expenses history runs 6 years deep, the most recent figure standing at $26.4 million for Q3 2025.

• On a quarterly basis, Operating Expenses fell 12.02% year-over-year to $26.4 million in Q3 2025; TTM through Dec 2025 was $84.2 million, a 27.2% decrease from a year earlier, with the FY2024 full-year figure at $115.6 million, up 7.3% from the prior year.
• Operating Expenses declined to $26.4 million in Q3 2025 per BLZE's latest filing, from $29.8 million in the prior quarter.
• Across five years, Operating Expenses topped out at $32.3 million in Q4 2024 and bottomed at $10.3 million in Q1 2021.
• The 5-year median for Operating Expenses is $26.3 million (2024), against an average of $23.8 million.
• Across the five-year window, Operating Expenses soared 108.74% in 2022 and declined 12.02% in 2025, its largest moves.
• Year by year, Operating Expenses stood at $17.4 million in 2021, then jumped by 45.03% to $25.3 million in 2022, then grew by 5.77% to $26.7 million in 2023, then gained by 20.84% to $32.3 million in 2024, then retreated by 18.23% to $26.4 million in 2025.
• Per Business Quant, the three latest BLZE Operating Expenses figures stand at $26.4 million (Q3 2025), $29.8 million (Q2 2025), and $28.0 million (Q1 2025).