Backblaze annual gross margin
2020
2021
2022
2023
2024
2025
Backblaze Gross Margin Growth & History (BLZE)
Backblaze's gross margin was 60.89% for fiscal 2025.
View full Backblaze company overviewBackblaze annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 60.89% | +6.55 pp |
| 2024 | 2024-12-31 | 54.33% | +5.46 pp |
| 2023 | 2023-12-31 | 48.87% | −2.64 pp |
| 2022 | 2022-12-31 | 51.51% | +0.62 pp |
| 2021 | 2021-12-31 | 50.89% | −1.14 pp |
| 2020 | 2020-12-31 | 52.03% | — |
Backblaze quarterly gross margin
Q3.20
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 | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 62.82% | −0.65 pp |
| Q1 2026 | 2026-03-31 | 60.85% | +5.22 pp |
| Q4 2025 | 2025-12-31 | 62.03% | +7.27 pp |
| Q3 2025 | 2025-09-30 | 62.08% | +7.46 pp |
| Q2 2025 | 2025-06-30 | 63.48% | +8.41 pp |
| Q1 2025 | 2025-03-31 | 55.63% | +2.87 pp |
| Q4 2024 | 2024-12-31 | 54.77% | +2.28 pp |
| Q3 2024 | 2024-09-30 | 54.62% | +8.16 pp |
| Q2 2024 | 2024-06-30 | 55.07% | +6.06 pp |
| Q1 2024 | 2024-03-31 | 52.76% | +5.87 pp |
| Q4 2023 | 2023-12-31 | 52.49% | +1.43 pp |
| Q3 2023 | 2023-09-30 | 46.46% | −4.40 pp |
| Q2 2023 | 2023-06-30 | 49.01% | −4.80 pp |
| Q1 2023 | 2023-03-31 | 46.89% | −3.44 pp |
| Q4 2022 | 2022-12-31 | 51.06% | −1.53 pp |
| Q3 2022 | 2022-09-30 | 50.86% | +0.05 pp |
| Q2 2022 | 2022-06-30 | 53.81% | +2.89 pp |
| Q1 2022 | 2022-03-31 | 50.33% | +1.46 pp |
| Q4 2021 | 2021-12-31 | 52.60% | +3.96 pp |
| Q3 2021 | 2021-09-30 | 50.81% | — |
| Q2 2021 | 2021-06-30 | 50.92% | — |
| Q1 2021 | 2021-03-31 | 48.86% | — |
| Q3 2020 | 2020-09-30 | 48.64% | — |
Backblaze gross margin trends
Over the last five reported fiscal years, Backblaze's gross margin increased from 52.03% to 60.89%, a change of +8.86 percentage points. The latest reported quarter, Q2 2026, shows 62.82%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Backblaze filings at SEC.gov ↗