Backblaze annual r&d spending
2020
2021
2022
2023
2024
2025
Backblaze R&D Spending Growth & History (BLZE)
Backblaze's r&d spending was $46.1M for fiscal 2025.
View full Backblaze company overviewBackblaze annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $46.1M | $4.0M | +9.53% |
| 2024 | 2024-12-31 | $42.1M | $2.6M | +6.50% |
| 2023 | 2023-12-31 | $39.5M | $6.4M | +19.39% |
| 2022 | 2022-12-31 | $33.1M | $12.6M | +61.21% |
| 2021 | 2021-12-31 | $20.5M | $7.5M | +57.14% |
| 2020 | 2020-12-31 | $13.1M | — | — |
Backblaze quarterly r&d spending
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 | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $11.0M | −$876,000 | −7.37% |
| Q1 2026 | 2026-03-31 | $11.3M | −$569,000 | −4.80% |
| Q4 2025 | 2025-12-31 | $11.1M | −$888,000 | −7.38% |
| Q3 2025 | 2025-09-30 | $11.2M | $501,000 | +4.67% |
| Q2 2025 | 2025-06-30 | $11.9M | $2.3M | +23.87% |
| Q1 2025 | 2025-03-31 | $11.9M | $2.1M | +21.64% |
| Q4 2024 | 2024-12-31 | $12.0M | $2.6M | +27.56% |
| Q3 2024 | 2024-09-30 | $10.7M | $1.1M | +11.36% |
| Q2 2024 | 2024-06-30 | $9.6M | −$336,000 | −3.39% |
| Q1 2024 | 2024-03-31 | $9.7M | −$787,000 | −7.47% |
| Q4 2023 | 2023-12-31 | $9.4M | $816,000 | +9.47% |
| Q3 2023 | 2023-09-30 | $9.6M | $1.5M | +18.24% |
| Q2 2023 | 2023-06-30 | $9.9M | $1.5M | +18.15% |
| Q1 2023 | 2023-03-31 | $10.5M | $2.6M | +32.64% |
| Q4 2022 | 2022-12-31 | $8.6M | $2.4M | +38.44% |
| Q3 2022 | 2022-09-30 | $8.2M | $2.8M | +52.72% |
| Q2 2022 | 2022-06-30 | $8.4M | $3.7M | +78.46% |
| Q1 2022 | 2022-03-31 | $7.9M | $3.7M | +86.02% |
| Q4 2021 | 2021-12-31 | $6.2M | — | — |
| Q3 2021 | 2021-09-30 | $5.3M | $2.0M | +61.76% |
| Q2 2021 | 2021-06-30 | $4.7M | — | — |
| Q1 2021 | 2021-03-31 | $4.3M | — | — |
| Q3 2020 | 2020-09-30 | $3.3M | — | — |
Backblaze r&d spending trends
Over the last five fiscal years, Backblaze's r&d spending increased from $13.1M to $46.1M, a change of $33.0M. The latest reported quarter, Q2 2026, shows $11.0M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Backblaze source filings ↗