Backblaze (BLZE) Research & Development (2020 - 2025)

Backblaze's Research & Development history runs 6 years deep, the most recent figure standing at $11.2 million for Q3 2025.

• In Q3 2025, Research & Development rose 4.67% year-over-year to $11.2 million; the TTM figure through Sep 2025 stood at $47.0 million (up 18.98% YoY), while the FY2024 annual figure was $42.1 million, up 6.5% from the prior year.
• Research & Development was $11.2 million for Q3 2025 at Backblaze, down from $11.9 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $12.0 million in Q4 2024 to a low of $4.3 million in Q1 2021.
• Historically, Research & Development has averaged $9.0 million across 5 years, with a median of $9.6 million in 2024.
• The sharpest annual moves came in 2022 and 2024: Research & Development surged 86.02% in 2022, then declined 7.47% in 2024.
• A 5-year view of Research & Development shows it stood at $6.2 million in 2021, then surged by 38.44% to $8.6 million in 2022, then rose by 9.47% to $9.4 million in 2023, then rose by 27.56% to $12.0 million in 2024, then fell by 6.6% to $11.2 million in 2025.
• The last three Research & Development figures came in at $11.2 million (Q3 2025), $11.9 million (Q2 2025), and $11.9 million (Q1 2025), per Business Quant data.