SuperworthBackblaze profit margin BLZE
Gross, operating and net profit as a share of revenue over the last twelve months, from 2021.
- Net margin, 12 months
- −13.1%
- Operating margin, 12 months
- −11.2%
- Net margin on a year earlier
- +18.7 pts
- Peer median
- 3.9%
Over the twelve months to Jun 30, 2026, Backblaze kept −13.1% of its revenue as net profit, with an operating margin of −11.2% and a gross margin of 62.0%.
Five years earlier its net margin was −19.0%.
The median for 10 infrastructure software stocks of a similar size is 3.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | −17.6% | −15.8% | 60.9% |
| FY2024 | −38.0% | −36.3% | 54.3% |
| FY2023 | −58.5% | −56.8% | 48.9% |
| FY2022 | −60.4% | −56.5% | 51.5% |
| FY2021 | −32.2% | −27.9% | 50.9% |
| FY2020 | n/a | n/a | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | −13.1% | +18.7 pts | −11.2% | |
| Q1 FY26 | −15.0% | +20.4 pts | −13.1% | |
| Q4 FY25 | −17.6% | +20.5 pts | −15.8% | |
| Q3 FY25 | −24.4% | +13.4 pts | −22.6% | |
| Q2 FY25 | −31.7% | +11.4 pts | −29.9% | |
| Q1 FY25 | −35.4% | +14.0 pts | −33.7% | |
| Q4 FY24 | −38.0% | +20.5 pts | −36.3% | |
| Q3 FY24 | −37.8% | +26.6 pts | −36.0% | |
| Q2 FY24 | −43.1% | +20.1 pts | −41.2% | |
| Q1 FY24 | −49.4% | +13.5 pts | −47.5% | |
| Q4 FY23 | −58.5% | +1.8 pts | −56.8% | |
| Q3 FY23 | −64.4% | −7.0 pts | −62.2% |
Against its peers
Companies in Software - Infrastructure nearest Backblaze's size, closest first, today.
| Company | Profit margin |
|---|---|
| BLZEBackblaze | −13.1% |
| IIIVi3 Verticals | 3.9% |
| CCSIConsensus Cloud Solutions | 26.7% |
| GDYNGrid Dynamics | 0.7% |
| OSPNOneSpan | 27.8% |
| MKTWMarketwise | 0.7% |
| RPDRapid7 | 2.4% |
| RBBNRibbon Communications | 2.0% |
| MKLYMcKinley Acquisition | n/m |
| RDVTRed Violet | 16.5% |
| XZOExzeo | 39.1% |
| Peer median | 3.9% |
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Backblaze
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.