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Backblaze, Inc. BLZE Q4 2024 Annual earnings

Reported February 25, 2025 · After market close

Revenue$33.8MMiss by $435.2K
EPS-$0.06Beat by $0.02
Revenue estimate$34.2M
EPS estimate-$0.08

Next report

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

Financials

Q4 2024

Income statement

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Revenue$33.8M+17.6%
Gross profit$18.5M+22.7%
Operating income-$13.8M-18.5%
Net income-$14.4M-17.8%
EPS (diluted)-$0.30+3.2%

Balance sheet

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Cash & equivalents$45.8M+175%
Total debt$43.6M+21.6%
Total equity$77.6M+72.7%
Total assets$168.6M+28.0%

Cash flow

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Operating cash flow$2.2M—
CapEx$826.0K+85.2%
Free cash flow$1.4M—

Valuation & ratios

Valuation

as of 12/31/24
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Market cap$310.56M+8.8%
Enterprise value$308.41M+1.2%
P/S2.4×-0.4×

Profitability

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Gross margin54.3%+5.5pp
Operating margin-36.3%-9.6pp
Net margin-38%-9.9pp
FCF margin8.5%—

Returns & leverage

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Return on equity-79.2%-15.6pp
Debt / equity0.6×-0.2×
Current ratio1.1×+0.4×

Segments

By product

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B2 Cloud Storage$17.1M+21.9%
Subscription-based arrangements$17.1M+15.6%
Computer Backup$16.7M+13.4%
Consumption-based arrangements$16.5M+20.1%

FAQ

When did Backblaze, Inc. report Q4 2024 earnings?
Backblaze, Inc. (BLZE) reported Q4 2024 earnings on February 25, 2025 after market close.
What were Backblaze, Inc.'s Q4 2024 revenue and EPS?
Backblaze, Inc. reported revenue of $33.8M and eps of $-0.06 for Q4 2024.
Did Backblaze, Inc. beat estimates in Q4 2024?
Revenue missed the consensus estimate of $34.2M by $435.2K. EPS beat the consensus estimate of $-0.08 by $0.02.
Where can I find Backblaze, Inc.'s Q4 2024 SEC filings?
You can read the 8-K earnings release (0001462056-25-000003) and the 10-K periodic report (0001462056-25-000015) directly on SEC EDGAR. The filing index links above go to sec.gov.