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Backblaze, Inc. BLZE Q3 2025 earnings

Reported November 6, 2025 · Before market open

Revenue$37.2MMiss by $381.6K
EPS$0.03Beat by $0.04
Revenue estimate$37.5M
EPS estimate-$0.01

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$44.6M
EPS estimate$0.04

Financials

Q3 2025

Income statement

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Revenue$37.2M+14.0%
Gross profit$23.1M+29.6%
Operating income-$3.3M+72.8%
Net income-$3.8M+70.4%
EPS (diluted)-$0.07+75.9%

Balance sheet

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Cash & equivalents$29.1M+886%
Total debt$61.0M+47.6%
Total equity$82.8M+93.4%
Total assets$191.5M+40.6%

Cash flow

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Operating cash flow$5.7M+24.1%
CapEx$3.1M+1,545%
Free cash flow$2.6M-41.4%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$523.97M+91.2%
Enterprise value$555.85M+77.9%
P/S3.7×+1.5×

Profitability

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Gross margin59.1%+5.3pp
Operating margin-23%-6.1pp
Net margin-24.4%-6.4pp
FCF margin7.9%—

Returns & leverage

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Return on equity-55%-17.5pp
Debt / equity0.7×-0.2×
Current ratio1.1×+0.6×

Segments

By product

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B2 Cloud Storage$20.7M+27.9%
Consumption-based arrangements$20.0M+27.6%
Subscription-based arrangements$17.1M+1.5%
Computer Backup$16.5M+0.3%

By segment

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Reportable Segment$37.2M+14.0%

FAQ

When did Backblaze, Inc. report Q3 2025 earnings?
Backblaze, Inc. (BLZE) reported Q3 2025 earnings on November 6, 2025 before market open.
What were Backblaze, Inc.'s Q3 2025 revenue and EPS?
Backblaze, Inc. reported revenue of $37.2M and eps of $0.03 for Q3 2025.
Did Backblaze, Inc. beat estimates in Q3 2025?
Revenue missed the consensus estimate of $37.5M by $381.6K. EPS beat the consensus estimate of $-0.01 by $0.04.
How did Backblaze, Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 14.0% from $32.6M a year earlier.
Where can I find Backblaze, Inc.'s Q3 2025 SEC filings?
You can read the 8-K earnings release (0001628280-25-049848) and the 10-Q periodic report (0001628280-25-049877) directly on SEC EDGAR. The filing index links above go to sec.gov.