Backblaze Past Earnings Performance
Past criteria checks 0/6
Backblaze's earnings have been declining at an average annual rate of -56%, while the IT industry saw earnings growing at 13.8% annually. Revenues have been growing at an average rate of 21.3% per year.
Key information
-56.0%
Earnings growth rate
-44.7%
EPS growth rate
| IT Industry Growth | 22.4% |
| Revenue growth rate | 21.3% |
| Return on equity | -132.9% |
| Net Margin | -58.5% |
| Next Earnings Update | 08 May 2024 |
Recent past performance updates
Recent updates
Calculating The Fair Value Of Backblaze, Inc. (NASDAQ:BLZE)
Mar 15
Is It Time To Consider Buying Backblaze, Inc. (NASDAQ:BLZE)?
Feb 25Backblaze: Lacking A Competitive Offering As Losses Accumulate
Feb 09Why Investors Shouldn't Be Surprised By Backblaze, Inc.'s (NASDAQ:BLZE) 28% Share Price Surge
Feb 07Does Backblaze (NASDAQ:BLZE) Have A Healthy Balance Sheet?
Jan 25Companies Like Backblaze (NASDAQ:BLZE) Are In A Position To Invest In Growth
Oct 06Backblaze, Inc. (NASDAQ:BLZE) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Aug 12Backblaze: Far From Black Numbers
May 25Companies Like Backblaze (NASDAQ:BLZE) Can Afford To Invest In Growth
May 08Backblaze Could Be The Next Cloudflare In The Making
Nov 22Revenue & Expenses BreakdownBeta
How Backblaze makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 102 | -60 | 67 | 37 |
| 30 Sep 23 | 96 | -62 | 66 | 36 |
| 30 Jun 23 | 93 | -59 | 64 | 35 |
| 31 Mar 23 | 89 | -56 | 61 | 35 |
| 31 Dec 22 | 85 | -51 | 59 | 33 |
| 30 Sep 22 | 81 | -47 | 53 | 31 |
| 30 Jun 22 | 76 | -40 | 46 | 28 |
| 31 Mar 22 | 72 | -31 | 40 | 24 |
| 31 Dec 21 | 67 | -22 | 33 | 21 |
| 30 Sep 21 | 63 | -16 | 27 | 18 |
| 30 Jun 21 | 60 | -11 | 21 | 16 |
| 31 Mar 21 | 56 | -10 | 19 | 14 |
| 31 Dec 20 | 54 | -7 | 18 | 13 |
| 31 Dec 19 | 41 | -1 | 11 | 8 |
Quality Earnings: BLZE is currently unprofitable.
Growing Profit Margin: BLZE is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: BLZE is unprofitable, and losses have increased over the past 5 years at a rate of 56% per year.
Accelerating Growth: Unable to compare BLZE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BLZE is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (-0.6%).
Return on Equity
High ROE: BLZE has a negative Return on Equity (-132.88%), as it is currently unprofitable.