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Backblaze, Inc. BLZE Reportable Segment — Adjusted cost of revenue

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Other financials

Income statement

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Revenue$38.7M+11.7%
Gross profit$23.5M+22.2%
Operating income-$5.4M+39.0%
Net income-$6.1M+34.1%
EPS (diluted)-$0.10+41.2%

Balance sheet

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Cash & equivalents$26.3M-35.3%
Total debt$62.0M+35.7%
Total equity$84.6M+8.8%
Total assets$192.7M+13.2%

Cash flow

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Operating cash flow$3.4M-32.0%
CapEx$651.0K+29.4%
Free cash flow$2.7M-39.0%

Valuation

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Market cap$873.81M+193%
Enterprise value$909.56M+179%
P/S5.8×+3.7×

Profitability

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Gross margin62.1%+7.1pp
Operating margin-13.4%-5.0pp
Net margin-15%-5.5pp
FCF margin11.4%+2.2pp

Returns & leverage

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Return on equity-27.6%-10.7pp
Debt / equity0.7×+0.1×
Current ratio0.0×

Where this comes from

Reported directly by Backblaze, Inc. in its filing.

Tagged under the XBRL concept blze:CostOfRevenueAdjusted.

The official record: Backblaze, Inc.’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Backblaze, Inc.'s reportable segment — adjusted cost of revenue?
Backblaze, Inc. (BLZE) reported reportable segment — adjusted cost of revenue of $7.93M in Q1 2026.
How has Backblaze, Inc.'s reportable segment — adjusted cost of revenue changed year-over-year?
Backblaze, Inc.'s reportable segment — adjusted cost of revenue increased by 8.7% year-over-year, from $7.29M to $7.93M.
What is the long-term trend for Backblaze, Inc.'s reportable segment — adjusted cost of revenue?
Over 2 years (2023 to 2025), Backblaze, Inc.'s reportable segment — adjusted cost of revenue has grown at a 8.1% compound annual growth rate (CAGR), from $25.85M to $30.22M.
What does reportable segment — adjusted cost of revenue mean?
This represents the direct costs associated with delivering cloud storage and backup services, excluding certain non-cash or non-recurring items. Monitoring this metric helps assess the efficiency of infrastructure operations and the scalability of the service delivery model.