Quick Answer
Backblaze, Inc. reported R&D Expense of $46.11 million for fiscal year 2025.
Backblaze, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $46.11M | +9.5% |
| 2024 | $42.10M | +6.5% |
| 2023 | $39.53M | +19.4% |
| 2022 | $33.11M | +61.2% |
| 2021 | $20.54M | +57.1% |
| 2020 | $13.07M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $11.23M | +4.7% | -5.4% |
| June 30, 2025 | $11.88M | +23.9% | +0.2% |
| March 31, 2025 | $11.86M | +21.6% | +10.4% |
| September 30, 2024 | $10.73M | +11.4% | +11.9% |
| June 30, 2024 | $9.59M | -3.4% | -1.6% |
| March 31, 2024 | $9.75M | -7.5% | +1.1% |
| September 30, 2023 | $9.64M | +18.2% | -2.9% |
| June 30, 2023 | $9.93M | +18.2% | -5.8% |
- Backblaze, Inc. showed an increase of +9.5% in R&D Expense compared to the prior fiscal year.
- Over the 2020–2025 period, Backblaze, Inc.’s r&d expense has grown by 252.8% (from $13.07 million to $46.11 million).
- The most recent figure is from Backblaze, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on March 10, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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