The Tip Desk

Backblaze, Inc.

Company Stats

Market Cap
$866.0M
as of Sep 30, 2026
Shares Outstanding
61.9M
Free Float
88.9%

Income Statement

Revenue
$145.8M
Operating Income
-$23.6M
Net Income
-$25.6M
EBITDA
$2.0M
Non-cash Impairment
$1.2M
Revenue Growth, 3Y
19.6%
FCF Margin, 3Y Avg
2.9%
FCF Margin, Worst Year
-12.6%

Cash Flow

Free Cash Flow
$18.9M
FCF Yield
2.2%
Owner FCF Yield
-0.9%

Balance Sheet

Cash & Equivalents
$29.2M

Returns & Capital

Share Repurchases
$2.0M
Buyback Yield, 3Y Avg
0.1%
SBC, 3Y Avg
$26.7M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$145.8M$18.9M12.9%
FY2024$127.6M$10.8M8.5%
FY2023$102.0M-$12.9M-12.6%
FY2022$85.2M-$21.1M-24.8%
FY2021$67.5M-$4.0M-6.0%

Annual filing data through FY ended December 31, 2025; shares and float as of October 30, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage