What are Backblaze, Inc.'s profit margins?

Backblaze, Inc. (BLZE) runs a 62.1% gross margin and a -13.4% operating margin, with a -15.0% net margin.

Where do Backblaze, Inc.'s ratios come from?

Every ratio is computed from Backblaze, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Backblaze, Inc. BLZE Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	62.1%+1.2pp	60.9%+1.8pp	59.1%+1.9pp	57.3%+2.2pp	55%+0.7pp
Operating margin	-13.4%+2.7pp	-16.1%+6.9pp	-23%+7.2pp	-30.2%+3.5pp	-33.7%+2.6pp
Net margin	-15%+2.6pp	-17.6%+6.8pp	-24.4%+7.3pp	-31.7%+3.7pp	-35.4%+2.6pp
Returns
Return on equity	-27.6%+4.2pp	-31.8%+23.2pp	-55%+14.8pp	-69.8%+4.9pp	-74.8%+4.4pp
Return on invested capital	-19.7%+4.9pp	-24.6%+8.6pp	-33.3%+13.8pp	-47.1%+9.5pp	-56.5%+9.8pp
Efficiency
Asset turnover	0.8×0.0×	0.8×-0.1×	0.9×0.0×	0.9×0.0×	0.9×0.0×
Liquidity
Current ratio	1×0.0×	1.1×0.0×	1.1×0.0×	1.1×0.0×	1.1×0.0×
Leverage
Debt-to-equity	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.8×+0.2×	0.6×0.0×
Net debt / EBITDA	7.9×-7.2×	15.1×—	——	——	——
Per Share
Book value per share	$1.43-3.6%	$1.48+1.8%	$1.45+1.5%	$1.43-0.5%	$1.44-19.3%
Valuation
Market capitalization	$805.4M+194%	$268.78M-48.7%	$523.97M+75.5%	$298.49M+13.8%	$262.27M-15.5%
Price / sales	5.4×+3.3×	1.8×-1.9×	3.7×+1.5×	2.2×+0.2×	2×-0.5×
Price / book	9.5×+6.0×	3.2×-3.1×	6.3×+2.6×	3.7×+0.4×	3.4×-0.6×
EV / EBITDA	186.5×—	142.1×—	——	——	——

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Questions, answered.

What are Backblaze, Inc.'s profit margins?: Backblaze, Inc. (BLZE) runs a 62.1% gross margin and a -13.4% operating margin, with a -15.0% net margin.
Where do Backblaze, Inc.'s ratios come from?: Every ratio is computed from Backblaze, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.