Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $53.8M | $67.5M | $85.2M | $102M | $128M | $146M |
| Revenue growth | — | 25.5% | 26.2% | 19.8% | 25.1% | 14.3% |
| Gross profit | $28.0M | $34.3M | $43.9M | $49.9M | $69.3M | $88.8M |
| Gross margin | 52.0% | 50.9% | 51.5% | 48.9% | 54.3% | 60.9% |
| Operating income | -$3.73M | -$18.8M | -$48.1M | -$57.9M | -$46.3M | -$23.6M |
| Operating margin | -6.9% | -27.9% | -56.5% | -56.8% | -36.3% | -16.2% |
| Net income | -$6.62M | -$21.7M | -$51.4M | -$59.7M | -$48.5M | -$25.6M |
| Net margin | -12.3% | -32.2% | -60.4% | -58.5% | -38.0% | -17.6% |
| EPS (diluted) | -$0.36 | -$1.07 | -$1.62 | -$1.66 | -$1.11 | -$0.46 |
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | $12.8M | $3.52M | -$13.8M | -$7.35M | $12.5M | $23.5M |
| Capital expenditures | $2.13M | $7.56M | $7.35M | $5.51M | $1.71M | $4.69M |
| Free cash flow | $10.7M | -$4.04M | -$21.1M | -$12.9M | $10.8M | $18.9M |
| Share buybacks | — | — | — | $0.00 | $0.00 | $1.98M |
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $6.08M | $105M | $6.69M | $12.5M | $45.8M | $29.2M |
| Total assets | $54.5M | $164M | $152M | $132M | $169M | $192M |
| Total liabilities | $58.5M | $68.1M | $83.7M | $86.7M | $90.9M | $109M |
| Shareholders' equity | -$6.84M | $95.5M | $68.7M | $44.9M | $77.6M | $83.2M |
| Retained earnings | -$8.02M | -$36.3M | -$87.7M | -$147M | -$196M | -$222M |
| Shares (wtd avg diluted) | 18.6M | 20.3M | 31.7M | 36.0M | 43.5M | 56.2M |
Every figure is extracted from Backblaze, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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