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.

• In Q3 2025, Operating Expenses fell 12.02% year-over-year to $26.4 million; the TTM figure through Dec 2025 stood at $84.2 million (down 27.2% YoY), while the FY2024 annual figure was $115.6 million, up 7.3% from the prior year.
• Operating Expenses was $26.4 million for Q3 2025 at Backblaze, down from $29.8 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $32.3 million in Q4 2024 to a low of $10.3 million in Q1 2021.
• Historically, Operating Expenses has averaged $23.8 million across 5 years, with a median of $26.3 million in 2024.
• The sharpest annual moves came in 2022 and 2025: Operating Expenses jumped 108.74% in 2022, then slipped 12.02% in 2025.
• A 5-year view of Operating Expenses shows it 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.
• The last three Operating Expenses figures came in at $26.4 million (Q3 2025), $29.8 million (Q2 2025), and $28.0 million (Q1 2025), per Business Quant data.