Backblaze annual operating expenses
2020
2021
2022
2023
2024
2025
Backblaze Operating Expenses Growth & History (BLZE)
Backblaze's operating expenses was $112.4M for fiscal 2025.
View full Backblaze company overviewBackblaze annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $112.4M | −$3.2M | −2.78% |
| 2024 | 2024-12-31 | $115.6M | $7.9M | +7.30% |
| 2023 | 2023-12-31 | $107.8M | $15.8M | +17.16% |
| 2022 | 2022-12-31 | $92.0M | $38.8M | +73.10% |
| 2021 | 2021-12-31 | $53.1M | $21.4M | +67.54% |
| 2020 | 2020-12-31 | $31.7M | — | — |
Backblaze quarterly operating expenses
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 | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $31.0M | $1.7M | +5.90% |
| Q1 2026 | 2026-03-31 | $28.9M | $855,000 | +3.05% |
| Q4 2025 | 2025-12-31 | $28.7M | −$3.6M | −11.03% |
| Q3 2025 | 2025-09-30 | $26.4M | −$3.6M | −12.02% |
| Q2 2025 | 2025-06-30 | $29.3M | $2.2M | +8.30% |
| Q1 2025 | 2025-03-31 | $28.0M | $1.7M | +6.48% |
| Q4 2024 | 2024-12-31 | $32.3M | $5.6M | +20.84% |
| Q3 2024 | 2024-09-30 | $30.0M | $2.7M | +9.81% |
| Q2 2024 | 2024-06-30 | $27.0M | $1.1M | +4.13% |
| Q1 2024 | 2024-03-31 | $26.3M | −$1.4M | −5.21% |
| Q4 2023 | 2023-12-31 | $26.7M | $1.5M | +5.77% |
| Q3 2023 | 2023-09-30 | $27.3M | $4.0M | +17.37% |
| Q2 2023 | 2023-06-30 | $26.0M | $4.0M | +18.29% |
| Q1 2023 | 2023-03-31 | $27.8M | $6.3M | +29.17% |
| Q4 2022 | 2022-12-31 | $25.3M | $7.8M | +45.03% |
| Q3 2022 | 2022-09-30 | $23.3M | $9.8M | +72.83% |
| Q2 2022 | 2022-06-30 | $22.0M | $10.0M | +83.57% |
| Q1 2022 | 2022-03-31 | $21.5M | $11.2M | +108.74% |
| Q4 2021 | 2021-12-31 | $17.4M | — | — |
| Q3 2021 | 2021-09-30 | $13.5M | $5.7M | +73.21% |
| Q2 2021 | 2021-06-30 | $12.0M | — | — |
| Q1 2021 | 2021-03-31 | $10.3M | — | — |
| Q3 2020 | 2020-09-30 | $7.8M | — | — |
Backblaze operating expenses trends
Over the last five fiscal years, Backblaze's operating expenses increased from $31.7M to $112.4M, a change of $80.7M. The latest reported quarter, Q2 2026, shows $31.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Backblaze source filings ↗