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Backblaze (BLZE) Research & Development: 2020-2024

Historic Research & Development for Backblaze (BLZE) over the last 5 years, with Dec 2024 value amounting to $42.1 million.

  • Backblaze's Research & Development rose 4.67% to $11.2 million in Q3 2025 from the same period last year, while for Sep 2025 it was $47.0 million, marking a year-over-year increase of 18.98%. This contributed to the annual value of $42.1 million for FY2024, which is 6.50% up from last year.
  • Per Backblaze's latest filing, its Research & Development stood at $42.1 million for FY2024, which was up 6.50% from $39.5 million recorded in FY2023.
  • In the past 5 years, Backblaze's Research & Development ranged from a high of $42.1 million in FY2024 and a low of $13.1 million during FY2020.
  • Over the past 3 years, Backblaze's median Research & Development value was $39.5 million (recorded in 2023), while the average stood at $38.2 million.
  • Data for Backblaze's Research & Development shows a peak YoY surged of 61.21% (in 2022) over the last 5 years.
  • Yearly analysis of 5 years shows Backblaze's Research & Development stood at $13.1 million in 2020, then surged by 57.14% to $20.5 million in 2021, then skyrocketed by 61.21% to $33.1 million in 2022, then climbed by 19.39% to $39.5 million in 2023, then grew by 6.50% to $42.1 million in 2024.