Backblaze (BLZE) Research & Development (2020 - 2025)
Backblaze (BLZE) posted quarterly Research & Development of $11.2 million for Q3 2025, down 4.16% year-over-year from $11.7 million in Q3 2024, and down 5.41% quarter-over-quarter from $11.9 million in Q2 2025.
Backblaze (BLZE) Research & Development (2020 - 2025) Analysis & Trends
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 fell 4.16% year-over-year to $11.2 million; the TTM figure through Sep 2025 stood at $46.7 million (up 8.96% YoY), while the FY2024 annual figure was $44.4 million, up 7.68% from the prior year.
- Research & Development for Q3 2025 stood at $11.2 million, down from $11.9 million in the prior quarter.
- The five-year high for Research & Development was $11.9 million in Q2 2025, with the low at $4.3 million in Q1 2021.
- The 5-year median for Research & Development is $10.0 million (2024), against an average of $9.3 million.
- The sharpest annual moves came in 2022 and 2024: Research & Development surged 88.08% in 2022, then retreated 5.09% in 2024.
- Backblaze's Research & Development stood at $6.2 million in 2021, then soared by 49.05% to $9.3 million in 2022, then advanced by 8.91% to $10.1 million in 2023, then gained by 15.88% to $11.7 million in 2024, then declined by 4.01% to $11.2 million in 2025.
- Business Quant data shows BLZE's Research & Development at $11.2 million in Q3 2025, $11.9 million in Q2 2025, and $11.9 million in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 10.00 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 4.01 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 339.50 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 1.16 Bn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 669.10 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 276.12 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 396.38 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 60.00 Mn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 664.96 Mn |
| 10 | Backblaze | 1.10 Bn | 1.05 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 11.24 Mn |
| Jun 30, 2025 | 11.88 Mn |
| Mar 31, 2025 | 11.86 Mn |
| Dec 31, 2024 | 11.70 Mn |
| Sep 30, 2024 | 11.72 Mn |
| Jun 30, 2024 | 10.99 Mn |
| Mar 31, 2024 | 10.02 Mn |
| Dec 31, 2023 | 10.10 Mn |
| Sep 30, 2023 | 10.74 Mn |
| Jun 30, 2023 | 9.93 Mn |
| Mar 31, 2023 | 10.56 Mn |
| Dec 31, 2022 | 9.27 Mn |
| Sep 30, 2022 | 9.73 Mn |
| Jun 30, 2022 | 8.40 Mn |
| Mar 31, 2022 | 8.03 Mn |
| Dec 31, 2021 | 6.22 Mn |
| Sep 30, 2021 | 5.34 Mn |
| Jun 30, 2021 | 4.71 Mn |
| Mar 31, 2021 | 4.27 Mn |
| Dec 31, 2020 | 3.94 Mn |