Backblaze, Inc. (BLZE) stock

BLZENasdaqServices-Prepackaged SoftwareFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 2, 2026Score 6/3091% above fair value

$7.74−1.05 (-11.95%)

Close on Nov 13, 2026Market cap $479.11MP/E –Yield –

Backblaze operating margin

Operating margin is operating income as a percentage of revenue.

Backblaze's operating margin for the twelve months ending Sep 30, 2026 was -9.7%. For fiscal 2025 it was -16.2%, against -36.3% the year before. The highest annual figure on record is -6.9% in fiscal 2020.

Annual operating margin

Period	Period end	Value	Change (pts)
FY2025	Dec 31, 2025	-16.2%	+20.1
FY2024	Dec 31, 2024	-36.3%	+20.5
FY2023	Dec 31, 2023	-56.8%	−0.3
FY2022	Dec 31, 2022	-56.5%	−28.6
FY2021	Dec 31, 2021	-27.9%	−20.9
FY2020	Dec 31, 2020	-6.9%	–

Quarterly operating margin

Change is against the same quarter a year earlier.

Period	Period end	Value	Change (pts)
Q3 FY2026	Sep 30, 2026	-3.0%	+6.4
Q2 FY2026	Jun 30, 2026	-9.8%	+7.4
Q1 FY2026	Mar 31, 2026	-13.8%	+11.5
Q4 FY2025	Dec 31, 2025	-13.5%	+27.3
Q3 FY2025	Sep 30, 2025	-9.4%	+28.0
Q2 FY2025	Jun 30, 2025	-17.2%	+14.2
Q1 FY2025	Mar 31, 2025	-25.3%	+9.7
Q4 FY2024	Dec 31, 2024	-40.8%	−0.3
Q3 FY2024	Sep 30, 2024	-37.4%	+24.1
Q2 FY2024	Jun 30, 2024	-31.4%	+25.2
Q1 FY2024	Mar 31, 2024	-35.1%	+36.7
Q4 FY2023	Dec 31, 2023	-40.5%	+18.6
Q3 FY2023	Sep 30, 2023	-61.5%	−6.8
Q2 FY2023	Jun 30, 2023	-56.6%	−4.3
Q1 FY2023	Mar 31, 2023	-71.8%	−11.8
Q4 FY2022	Dec 31, 2022	-59.1%	−18.6
Q3 FY2022	Sep 30, 2022	-54.7%	−27.8
Q2 FY2022	Jun 30, 2022	-52.3%	−29.2
Q1 FY2022	Mar 31, 2022	-60.0%	−41.6
Q4 FY2021	Dec 31, 2021	-40.5%	−23.5
Q3 FY2021	Sep 30, 2021	-26.9%	−19.3
Q2 FY2021	Jun 30, 2021	-23.1%	–
Q1 FY2021	Mar 31, 2021	-18.4%	–
Q4 FY2020	Dec 31, 2020	-17.0%	–
Q3 FY2020	Sep 30, 2020	-7.6%	–