Backblaze reported net income of $21.30M for the quarter ended Dec 2025. This income statement covers 22 quarters of results from Sep 2020 through Dec 2025, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | ||||||||||||||||||||||
| Revenue | 15.31M | 16.15M | 17.32M | 18.70M | 19.49M | 20.69M | 22.05M | 22.93M | 23.39M | 24.59M | 25.30M | 28.74M | 29.97M | 31.29M | 32.59M | 33.79M | 34.61M | 36.30M | 37.16M | |||
| Cost of RevenueCost of Rev | 7.83M | 7.93M | 8.52M | 8.86M | 9.68M | 9.56M | 10.84M | 11.22M | 12.43M | 12.54M | 13.55M | 13.65M | 14.16M | 14.06M | 14.79M | 15.28M | 15.36M | 13.26M | 14.09M | |||
| Gross Profit | 7.48M | 8.22M | 8.80M | 9.83M | 9.81M | 11.13M | 11.21M | 11.71M | 10.97M | 12.05M | 11.75M | 15.08M | 15.81M | 17.23M | 17.80M | 18.50M | 19.26M | 23.04M | 23.07M | |||
| Operating items | ||||||||||||||||||||||
| Research & DevelopmentR&D | 4.27M | 4.71M | 5.34M | 6.22M | 8.03M | 8.40M | 9.73M | 9.27M | 10.56M | 9.93M | 10.74M | 10.10M | 10.02M | 10.99M | 11.72M | 11.70M | 11.86M | 11.88M | 11.23M | |||
| Selling, General & AdministrativeSG&A | 2.25M | 2.90M | 3.10M | 4.64M | 5.53M | 5.18M | 5.40M | 7.36M | 6.68M | 6.17M | 6.94M | 7.18M | 6.55M | 6.46M | 7.54M | 8.54M | 6.91M | 7.23M | 6.16M | |||
| Other Operating ExpensesOther Opex | 3.78M | 4.35M | 5.03M | 6.55M | 7.94M | 8.37M | 8.15M | 8.61M | 10.53M | 9.88M | 9.64M | 9.43M | 9.75M | 9.59M | 10.73M | 12.03M | 9.26M | 10.17M | 9.00M | |||
| Operating ExpensesOpex | 10.30M | 11.96M | 13.47M | 17.41M | 21.50M | 21.95M | 23.27M | 25.25M | 27.77M | 25.96M | 27.32M | 26.71M | 26.32M | 27.04M | 30.00M | 32.27M | 28.03M | 29.28M | 26.39M | |||
| Operating IncomeOp. Inc | -2.82M | -3.73M | -4.67M | -7.58M | -11.69M | -10.82M | -12.06M | -13.54M | -16.80M | -13.91M | -15.57M | -11.62M | -10.51M | -9.81M | -12.20M | -13.77M | -8.77M | -6.24M | -3.32M | |||
| EBIT | -2.82M | -3.73M | -4.67M | -7.58M | -11.69M | -10.82M | -12.06M | -13.54M | -16.80M | -13.91M | -15.57M | -11.62M | -10.51M | -9.81M | -12.20M | -13.77M | -8.77M | -6.24M | -3.32M | |||
| Non-operating items | ||||||||||||||||||||||
| Non Operating Interest Expenses | 0.87M | 0.85M | 0.97M | 0.99M | 0.95M | 0.91M | 0.95M | 1.48M | 0.92M | 0.94M | 0.94M | 0.99M | 0.92M | 0.90M | 0.87M | 0.97M | 0.85M | 0.88M | 0.93M | |||
| Interest & Investment IncomeInt & Inv Inc | 0.07M | 0.12M | 0.21M | 0.56M | 0.61M | 0.52M | 0.45M | 0.41M | 0.38M | 0.36M | 0.31M | 0.36M | 0.53M | 0.50M | 0.48M | |||||||
| Other Non Operating IncomeOther Non Op Inc. | 2.30M | -0.15M | -0.48M | |||||||||||||||||||
| Net income details | ||||||||||||||||||||||
| EBT | -3.69M | -2.28M | -5.99M | -9.64M | -12.56M | -11.61M | -12.80M | -14.46M | -17.11M | -14.34M | -16.05M | -12.21M | -11.05M | -10.35M | -12.75M | -14.38M | -9.24M | -7.10M | -3.78M | |||
| Tax ProvisionsTaxes | 0.14M | -0.04M | -0.03M | -0.04M | 0.03M | 0.01M | 0.08M | |||||||||||||||
| Profit After TaxPAT | -3.69M | -2.42M | -5.99M | -9.61M | -12.53M | -11.57M | -12.80M | -14.49M | -17.11M | -14.34M | -16.05M | -12.21M | -11.05M | -10.35M | -12.75M | -14.38M | -9.32M | -7.10M | -3.78M | 21.30M | ||
| Income from Continuing OperationsIncome (Continuing) | -3.69M | -2.42M | -5.99M | -9.61M | -12.53M | -11.57M | -12.80M | -14.49M | -17.11M | -14.34M | -16.05M | -12.21M | -11.05M | -10.35M | -12.75M | -14.38M | -9.32M | -7.10M | -3.78M | |||
| Consolidated Net IncomeConsol Net Inc. | -3.69M | -2.42M | -5.99M | -9.61M | -12.53M | -11.57M | -12.80M | -14.49M | -17.11M | -14.34M | -16.05M | -12.21M | -11.05M | -10.35M | -12.75M | -14.38M | -9.32M | -7.10M | -3.78M | |||
| Income towards Parent CompanyParent Net Inc | -3.69M | -2.42M | -5.99M | -9.61M | -12.53M | -11.57M | -12.80M | -14.49M | -17.11M | -14.34M | -16.05M | -12.21M | -11.05M | -10.35M | -12.75M | -14.38M | -9.32M | -7.10M | -3.78M | |||
| Net Income towards Common StockholdersNet Income | -3.69M | -2.42M | -5.99M | -9.61M | -12.53M | -11.57M | -12.80M | -14.49M | -17.11M | -14.34M | -16.05M | -12.21M | -11.05M | -10.35M | -12.75M | -14.38M | -9.32M | -7.10M | -3.78M | |||
| Additional items | ||||||||||||||||||||||
| EPS (Basic) | -0.20 | -0.13 | -0.32 | -0.47 | -0.41 | -0.37 | -0.40 | -0.46 | -0.50 | -0.41 | -0.44 | -0.34 | -0.27 | -0.25 | -0.29 | -0.33 | -0.17 | -0.13 | -0.07 | |||
| EPS (Diluted) | -0.20 | -0.13 | -0.32 | -0.47 | -0.41 | -0.37 | -0.40 | -0.46 | -0.50 | -0.41 | -0.44 | -0.34 | -0.27 | -0.25 | -0.29 | -0.33 | -0.17 | -0.13 | -0.07 | |||
| Shares Outstanding | 18.68M | 18.71M | 18.94M | 20.35M | 30.54M | 31.18M | 31.99M | 31.66M | 33.92M | 35.15M | 36.67M | 36.01M | 40.23M | 42.15M | 43.52M | 43.54M | 54.06M | 55.63M | 56.98M | 56.98M | ||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 18.68M | 18.71M | 18.94M | 20.35M | 30.54M | 31.18M | 31.99M | 31.66M | 33.92M | 35.15M | 36.67M | 36.01M | 40.23M | 42.15M | 43.52M | 43.54M | 54.06M | 55.63M | 56.98M | 56.98M | ||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 30.30M | 30.30M | 30.30M | 30.38M | 30.81M | 31.63M | 32.44M | 33.39M | 34.52M | 36.10M | 47.19M | 41.20M | 41.50M | 42.90M | 44.40M | 43.54M | 54.90M | 56.50M | 57.70M | |||
| EBITDA | -2.82M | -3.73M | -4.67M | -7.58M | -11.69M | -10.82M | -12.06M | -13.54M | -16.80M | -13.91M | -15.57M | -11.62M | -10.51M | -9.81M | -12.20M | -13.77M | -8.77M | -6.24M | -3.32M | |||
| Interest ExpensesInt Expense | 0.87M | 0.85M | 0.97M | 0.99M | 0.95M | 0.91M | 0.95M | 1.48M | 0.92M | 0.94M | 0.94M | 0.99M | 0.92M | 0.90M | 0.87M | 0.97M | 0.85M | 0.88M | 0.93M | |||
| Tax Rate | -5.96% | 0.41% | 0.25% | 0.32% | -0.21% | -0.05% | -0.91% |