Backblaze annual free cash flow
2020
2021
2022
2023
2024
2025
Backblaze Free Cash Flow (FCF) History (BLZE)
Backblaze reported $18.9M in free cash flow for fiscal 2025, an increase of 74.63% from the previous fiscal year, with a free cash flow margin of 12.93%.
View full Backblaze company overviewBackblaze free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $18.9M | $8.1M | +74.63% | +12.93% |
| 2024 | 2024-12-31 | $10.8M | $23.7M | — | +8.46% |
| 2023 | 2023-12-31 | −$12.9M | $8.3M | — | −12.61% |
| 2022 | 2022-12-31 | −$21.1M | −$17.1M | — | −24.81% |
| 2021 | 2021-12-31 | −$4.0M | −$14.7M | — | −5.99% |
| 2020 | 2020-12-31 | $10.7M | — | — | +19.88% |
Backblaze quarterly free cash flow
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $9.6M | $6.9M | +248.61% | +22.53% |
| Q1 2026 | 2026-03-31 | $2.7M | −$1.7M | −38.99% | +7.01% |
| Q4 2025 | 2025-12-31 | $9.0M | $7.6M | +543.07% | +23.96% |
| Q3 2025 | 2025-09-30 | $2.6M | −$1.8M | −41.39% | +7.00% |
| Q2 2025 | 2025-06-30 | $2.8M | $805,000 | +41.16% | +7.61% |
| Q1 2025 | 2025-03-31 | $4.4M | $1.4M | +48.35% | +12.83% |
| Q4 2024 | 2024-12-31 | $1.4M | −$1.4M | −49.79% | +4.16% |
| Q3 2024 | 2024-09-30 | $4.4M | $5.0M | — | +13.62% |
| Q2 2024 | 2024-06-30 | $2.0M | $8.9M | — | +6.25% |
| Q1 2024 | 2024-03-31 | $3.0M | $11.2M | — | +9.99% |
| Q4 2023 | 2023-12-31 | $2.8M | $9.2M | — | +9.75% |
| Q3 2023 | 2023-09-30 | −$517,000 | $4.5M | — | −2.04% |
| Q2 2023 | 2023-06-30 | −$6.9M | $1.3M | — | −28.20% |
| Q1 2023 | 2023-03-31 | −$8.2M | −$6.8M | — | −35.11% |
| Q4 2022 | 2022-12-31 | −$6.4M | −$3.3M | — | −28.03% |
| Q3 2022 | 2022-09-30 | −$5.0M | −$6.0M | — | −22.72% |
| Q2 2022 | 2022-06-30 | −$8.3M | −$6.5M | — | −40.01% |
| Q1 2022 | 2022-03-31 | −$1.4M | −$1.3M | — | −7.26% |
| Q4 2021 | 2021-12-31 | −$3.1M | — | — | −16.74% |
| Q3 2021 | 2021-09-30 | $962,000 | — | — | +5.55% |
| Q2 2021 | 2021-06-30 | −$1.8M | — | — | −11.02% |
| Q1 2021 | 2021-03-31 | −$95,000 | — | — | −0.62% |
Backblaze free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $10.7M to $18.9M, a compound annual growth rate of 12.00%. Backblaze's latest reported quarter, Q2 2026, generated $9.6M in free cash flow, an increase of 248.61% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Backblaze filings at SEC.gov ↗