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Backblaze (BLZE) Revenue & Revenue Breakdown

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Backblaze Revenue Highlights

Latest Revenue (Y)

$127.63M

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
2024-12-31$127.63M25.10%
2023-12-31$102.02M19.80%
2022-12-31$85.16M26.19%
2021-12-31$67.48M25.46%
2020-12-31$53.78M31.99%
2019-12-31$40.75M-

Backblaze generated $127.63M in revenue during NA 2024, up 25.10% compared to the previous quarter, and up 313.21% compared to the same period a year ago.

Backblaze Revenue by Quarter

DateRevenueChange
2024-09-30$32.59M4.17%
2024-06-30$31.29M4.39%
2024-03-31$29.97M4.28%
2023-12-31$28.74M13.59%
2023-09-30$25.30M2.89%
2023-06-30$24.59M5.11%
2023-03-31$23.39M2.04%
2022-12-31$22.93M3.97%
2022-09-30$22.05M6.59%
2022-06-30$20.69M6.15%
2022-03-31$19.49M4.24%
2021-12-31$18.70M7.95%
2021-09-30$17.32M7.24%
2021-06-30$16.15M5.47%
2021-03-31$15.31M4.96%
2020-12-31$14.59M5.58%
2020-09-30$13.82M8.89%
2020-06-30$12.69M-
2020-03-31$12.69M-

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 24Dec 23Dec 22Dec 21
Physical Media$511.00K$569.00K$683.00K$730.00K
Consumption-Based Arragments$61.46M$45.77M$33.04M$22.63M
Subscription-Based Arrangements$65.66M$55.68M$51.43M$44.12M

Backblaze's latest annual revenue breakdown by segment (product or service), as of Dec 24: Subscription-Based Arrangements (51.44%), Consumption-Based Arragments (48.15%), and Physical Media (0.40%).

Quarterly Revenue by Product

Product/ServiceDec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Physical Media$259.00K$129.00K$123.00K$151.00K$132.00K$136.00K$150.00K$175.00K$161.00K$153.00K$194.00K$193.00K$180.00K
Subscription-Based Arrangements$33.29M$16.80M$15.57M$14.80M$13.77M$13.77M$13.34M$13.26M$13.06M$12.79M$12.31M$11.90M$11.16M
Consumption-Based Arragments$31.52M$15.66M$14.28M$13.79M$11.39M$10.69M$9.90M$9.49M$8.82M$7.74M$6.99M$6.61M$5.98M

Backblaze's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Subscription-Based Arrangements (51.16%), Consumption-Based Arragments (48.44%), and Physical Media (0.40%).

Backblaze Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24Dec 23Dec 22Dec 21
CANADA$5.76M$5.03M$4.32M-
UNITED STATES$94.32M$73.26M$60.95M$48.35M
Non-US$20.84M$18.27M$15.23M$19.13M

Backblaze's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (78.00%), Non-US (17.24%), and CANADA (4.76%).

Quarterly Revenue by Country

CountryDec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
UNITED STATES$48.63M$23.77M$21.93M$20.76M$18.28M$17.51M$16.72M$16.31M$15.80M$14.85M$13.98M$13.26M$12.44M
CANADA$2.84M$1.52M$1.40M$1.39M$1.22M$1.19M$1.22M------
Non-US$10.40M$5.43M$5.01M$5.07M$4.43M$4.57M$4.21M$-2.36M$6.25M$5.84M$5.51M$5.43M$4.88M

Backblaze's latest quarterly revenue breakdown by geography, as of Dec 24: UNITED STATES (78.60%), Non-US (16.81%), and CANADA (4.59%).

Backblaze Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
EVTCEVERTEC$845.49B$628.67B
INFAInformatica$1.64B$422.48M
ACIWACI Worldwide$1.59B$451.75M
RELYRemitly Global$1.26B$336.53M
CSGSCSG Systems$1.20B$295.14M
PRTHPriority Technology$879.70M$219.87M
NTCTNetScout Systems$829.46M$252.02M
EVCMEverCommerce$698.76M$176.26M
IMXIInternational Money Express$658.65M$171.95M
LSAKLesaka$564.22M$146.82M
AVDXAvidXchange$438.94M$112.77B
GBGlobal Blue Group$422.30M$105.24M
CCSIConsensus Cloud Solutions$350.38M$87.75M
SANGSangoma$252.53M$82.69M
OSPNOneSpan$243.18M$56.24M
BLZEBackblaze$127.63M$32.59M

BLZE Revenue FAQ

What is Backblaze’s yearly revenue?

Backblaze's yearly revenue for 2024 was $127.63M, representing an increase of 25.10% compared to 2023. The company's yearly revenue for 2023 was $102.02M, representing an increase of 19.80% compared to 2022. BLZE's yearly revenue for 2022 was $85.16M, representing an increase of 26.19% compared to 2021.

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 (2022-2024) was 49.88%, and for the last 5 years (2020-2024) was 137.30%.

What are Backblaze’s revenue streams?

Backblaze's revenue streams in c 24 are Physical Media, Consumption-Based Arragments, and Subscription-Based Arrangements. Physical Media generated $511K in revenue, accounting 0.40% of the company's total revenue, down -10.19% year-over-year. Consumption-Based Arragments generated $61.46M in revenue, accounting 48.15% of the company's total revenue, up 34.27% year-over-year. Subscription-Based Arrangements generated $65.66M in revenue, accounting 51.44% of the company's total revenue, up 17.92% year-over-year.

What is Backblaze’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Backblaze was Subscription-Based Arrangements. This segment made a revenue of $65.66M, representing 51.44% of the company's total revenue.