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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM 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
EBITDA margin	3%+1.6pp	1.5%+5.8pp	-4.4%+5.7pp	-10.1%+1.5pp	-11.6%+2.5pp
Free cash flow margin	11.4%-1.5pp	12.9%+5.0pp	7.9%—	——	——
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 assets	-12.4%+1.8pp	-14.2%+6.9pp	-21.1%+6.7pp	-27.8%+3.2pp	-31%+1.3pp
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×
Quick ratio	1×0.0×	1.1×0.0×	1.1×0.0×	1.1×0.0×	1.1×0.0×
Cash ratio	0.4×0.0×	0.5×0.0×	0.5×0.0×	0.5×-0.1×	0.7×-0.1×
Leverage
Debt-to-equity	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.8×+0.2×	0.6×0.0×
Debt-to-assets	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×+0.1×	0.3×0.0×
Interest coverage	-4.8×+1.3×	-6.1×+2.9×	-9×+2.7×	-11.6×+0.8×	-12.4×+0.2×
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%
Enterprise value	$841.15M+201%	$300.72M-45.9%	$555.85M+70.3%	$326.45M+22.1%	$267.37M-13.3%
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 / sales	5.6×+3.5×	2.1×-1.9×	3.9×+1.5×	2.4×+0.4×	2×-0.4×
Free cash flow yield	2.1%-2.3pp	7%+4.9pp	2.1%—	——	——
Earnings yield	-2.8%+14.3pp	-9.5%-2.9pp	-6.6%+8.0pp	-14.6%+3.3pp	-17.8%-2.2pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Backblaze, Inc..

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.