Backblaze (Backblaze) COGS-to-Revenue : 0.48 (As of Dec. 2023)

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What is Backblaze COGS-to-Revenue?

Backblaze's Cost of Goods Sold for the three months ended in Dec. 2023 was $13.7 Mil. Its Revenue for the three months ended in Dec. 2023 was $28.7 Mil.

Backblaze's COGS to Revenue for the three months ended in Dec. 2023 was 0.48.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Backblaze's Gross Margin % for the three months ended in Dec. 2023 was 52.49%.

Backblaze COGS-to-Revenue Historical Data

The historical data trend for Backblaze's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Backblaze COGS-to-Revenue Chart

Backblaze Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.49

0.48

0.49

0.48

0.51

Backblaze Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial											0.49	0.53	0.51	0.54	0.48

Backblaze COGS-to-Revenue Calculation

Backblaze's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	52.162	/	102.019
	=	0.51

Backblaze's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	13.653	/	28.737
	=	0.48

Backblaze (NAS:BLZE) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Backblaze's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	13.653 / 28.737
	=	52.49 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Backblaze COGS-to-Revenue Related Terms

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Backblaze (Backblaze) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Backblaze Inc (NAS:BLZE) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

N/A

Address

500 Ben Franklin Ct, San Mateo, CA, USA, 94401

Website

https://www.backblaze.com

Backblaze Inc provides cloud storage services. The company offers services such as Backblaze B2 Cloud Storage which enables customers to store data, developers to build applications, and partners to expand their use cases. It is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases including backups, multi-cloud, application development, and ransomware protection and Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. Geographically, it derives a majority of revenue from the United States.

Executives

Tina Cessna	officer: Senior VP, Engineering	500 BEN FRANKLIN CT., SAN MATEO CA 94401
Francis P Patchel	officer: Chief Financial Officer	500 BEN FRANKLIN CT, SAN MATEO CA 94401
Investments Plc Tmt	10 percent owner	13 CASTLE STREET, ST. HELIER Y9 JE1 1ES
Gleb Budman	director, 10 percent owner, officer: See Remarks	500 BEN FRANKLIN CT, SAN MATEO CA 94401
Timothy M Nufire	director, 10 percent owner, officer: Chief Cloud Officer	500 BEN FRANKLIN CT, SAN MATEO CA 94401
Brian K Wilson	director, 10 percent owner, officer: Chief Technology Officer	500 BEN FRANKLIN CT, SAN MATEO CA 94401
Charles J. Jones	10 percent owner	500 BEN FRANKLIN COURT, SAN MATEO CA 94401
Kwok Hang Ng	10 percent owner	500 BEN FRANKLIN COURT, SAN MATEO CA 94401
Clal Insurance Enterprises Holdings Ltd	10 percent owner	36 RAUL WALENBERG ST, TEL-AVIV L3 6136902
Whetstone Capital Advisors, Llc	10 percent owner	2001 SHAWNEE MISSION PARKWAY, SHAWNEE MISSION KS 66205
Jocelyn Carter-miller	director	3698 NW 15TH STREET, LAUDERHILL FL 33311
An Evelyn D	director	1301 NE 103RD STREET, MIAMI SHORES FL 33138
Earl E Fry	director	C/O INFORMATICA CORPORATION, 2100 SEAPORT BLVD., REDWOOD CITY CA 94063
Barbara H Nelson	director	C/O QUANTUM CORP, 501 SYCAORE DR, MILPITAS CA 95035