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Backblaze (BLZE) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Backblaze Revenue Highlights

Latest Revenue (Y)

$102.02M

Latest Revenue (Q)

$32.59M

Main Segment (Y)

Subscription-Based Arrangements

Main Geography (Y)

UNITED STATES

Backblaze Revenue by Period

Backblaze Revenue by Year

DateRevenueChange
2023-12-31-19.80%
2022-12-31-26.19%
2021-12-31-25.46%
2020-12-31-31.99%
2019-12-31--

Backblaze generated $102.02M in revenue during NA 2023, up 19.80% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

Backblaze Revenue by Quarter

DateRevenueChange
2024-09-30-4.17%
2024-06-30-4.39%
2024-03-31-4.28%
2023-12-31-13.59%
2023-09-30-2.89%
2023-06-30-5.11%
2023-03-31-2.04%
2022-12-31-3.97%
2022-09-30-6.59%
2022-06-30-6.15%
2022-03-31-4.24%
2021-12-31-7.95%
2021-09-30-7.24%
2021-06-30-5.47%
2021-03-31-4.96%
2020-12-31-5.58%
2020-09-30-8.89%
2020-06-30--
2020-03-31--

Backblaze generated $32.59M in revenue during Q3 2024, up 4.17% compared to the previous quarter, and up 132.53% compared to the same period a year ago.

Backblaze Revenue Breakdown

Backblaze Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
Consumption-Based Arragments---
Physical Media---
Subscription-Based Arrangements---

Backblaze's latest annual revenue breakdown by segment (product or service), as of Dec 23: Subscription-Based Arrangements (54.58%), Consumption-Based Arragments (44.87%), and Physical Media (0.56%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Physical Media------------
Subscription-Based Arrangements------------
Consumption-Based Arragments------------

Backblaze's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Subscription-Based Arrangements (51.55%), Consumption-Based Arragments (48.05%), and Physical Media (0.40%).

Backblaze Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21
Non-US---
UNITED STATES---
CANADA---

Backblaze's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (75.88%), Non-US (18.92%), and CANADA (5.21%).

Quarterly Revenue by Country

CountrySep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
CANADA------------
UNITED STATES------------
Non-US------------

Backblaze's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (77.37%), Non-US (17.68%), and CANADA (4.95%).

Backblaze Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
EVTCEVERTEC--
INFAInformatica--
ACIWACI Worldwide--
CSGSCSG Systems--
RELYRemitly Global--
NTCTNetScout Systems--
PRTHPriority Technology--
STERSterling Check--
EVCMEverCommerce--
IMXIInternational Money Express--
LSAKLesaka--
GBGlobal Blue Group--
AVDXAvidXchange--
CCSIConsensus Cloud Solutions--
ESMTEngageSmart--
SANGSangoma--
OSPNOneSpan--
BLZEBackblaze--

BLZE Revenue FAQ

What is Backblaze’s yearly revenue?

Backblaze's yearly revenue for 2023 was $102.02M, representing an increase of 19.80% compared to 2022. The company's yearly revenue for 2022 was $85.16M, representing an increase of 26.19% compared to 2021. BLZE's yearly revenue for 2021 was $67.48M, representing an increase of 25.46% compared to 2020.

What is Backblaze’s quarterly revenue?

Backblaze's quarterly revenue for Q3 2024 was $32.59M, a 4.17% increase from the previous quarter (Q2 2024), and a 28.82% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $31.28M, a 4.39% increase from the previous quarter (Q1 2024), and a 27.23% increase year-over-year (Q2 2023). BLZE's quarterly revenue for Q1 2024 was $29.97M, a 4.28% increase from the previous quarter (Q4 2023), and a 28.10% increase year-over-year (Q1 2023).

What is Backblaze’s revenue growth rate?

Backblaze's revenue growth rate for the last 3 years (2021-2023) was 51.19%, and for the last 5 years (2019-2023) was 150.37%.

What are Backblaze’s revenue streams?

Backblaze's revenue streams in c 23 are Consumption-Based Arragments, Physical Media, and Subscription-Based Arrangements. Consumption-Based Arragments generated $45.77M in revenue, accounting 44.87% of the company's total revenue, up 38.53% year-over-year. Physical Media generated $569K in revenue, accounting 0.56% of the company's total revenue, down -16.69% year-over-year. Subscription-Based Arrangements generated $55.68M in revenue, accounting 54.58% of the company's total revenue, up 8.26% year-over-year.

What is Backblaze’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Backblaze was Subscription-Based Arrangements. This segment made a revenue of $55.68M, representing 54.58% of the company's total revenue.