Backblaze (BLZE) Revenue & Revenue Breakdown
Backblaze Revenue Highlights
Latest Revenue (Y)
$102.02M
Latest Revenue (Q)
$31.29M
Main Segment (Y)
Subscription-Based Arrangements
Main Geography (Y)
UNITED STATES
Backblaze Revenue by Period
Backblaze Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $102.02M | 19.80% |
| 2022-12-31 | $85.16M | 26.19% |
| 2021-12-31 | $67.48M | 25.46% |
| 2020-12-31 | $53.78M | 31.99% |
| 2019-12-31 | $40.75M | - |
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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $31.29M | 4.39% |
| 2024-03-31 | $29.97M | 4.28% |
| 2023-12-31 | $28.74M | 13.59% |
| 2023-09-30 | $25.30M | 2.89% |
| 2023-06-30 | $24.59M | 5.11% |
| 2023-03-31 | $23.39M | 2.04% |
| 2022-12-31 | $22.93M | 3.97% |
| 2022-09-30 | $22.05M | 6.59% |
| 2022-06-30 | $20.69M | 6.15% |
| 2022-03-31 | $19.49M | 4.24% |
| 2021-12-31 | $18.70M | 7.95% |
| 2021-09-30 | $17.32M | 7.24% |
| 2021-06-30 | $16.15M | 5.47% |
| 2021-03-31 | $15.31M | 4.96% |
| 2020-12-31 | $14.59M | 5.58% |
| 2020-09-30 | $13.82M | 8.89% |
| 2020-06-30 | $12.69M | - |
| 2020-03-31 | $12.69M | - |
Backblaze generated $31.29M in revenue during Q2 2024, up 4.39% compared to the previous quarter, and up 133.73% compared to the same period a year ago.
Backblaze Revenue Breakdown
Backblaze Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Subscription-Based Arrangements | $55.68M | $51.43M | $44.12M |
| Consumption-Based Arragments | $45.77M | $33.04M | $22.63M |
| Physical Media | $569.00K | $683.00K | $730.00K |
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/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Physical Media | $123.00K | $151.00K | $132.00K | $136.00K | $150.00K | $175.00K | $161.00K | $153.00K | $194.00K | $193.00K | $180.00K |
| Consumption-Based Arragments | $14.28M | $13.79M | $11.39M | $10.69M | $9.90M | $9.49M | $8.82M | $7.74M | $6.99M | $6.61M | $5.98M |
| Subscription-Based Arrangements | $15.57M | $14.80M | $13.77M | $13.77M | $13.34M | $13.26M | $13.06M | $12.79M | $12.31M | $11.90M | $11.16M |
Backblaze's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Subscription-Based Arrangements (51.95%), Consumption-Based Arragments (47.64%), and Physical Media (0.41%).
Backblaze Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Non-US | $18.27M | $15.23M | $19.13M |
| UNITED STATES | $73.26M | $60.95M | $48.35M |
| CANADA | $5.03M | $4.32M | - |
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
| Country | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-US | $5.01M | $5.07M | $4.43M | $4.57M | $4.21M | $-2.36M | $6.25M | $5.84M | $5.51M | $5.43M | $4.88M |
| UNITED STATES | $21.93M | $20.76M | $18.28M | $17.51M | $16.72M | $16.31M | $15.80M | $14.85M | $13.98M | $13.26M | $12.44M |
| CANADA | $1.40M | $1.39M | $1.22M | $1.19M | $1.22M | - | - | - | - | - | - |
Backblaze's latest quarterly revenue breakdown by geography, as of Mar 24: UNITED STATES (77.37%), Non-US (17.70%), and CANADA (4.93%).
Backblaze Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| EVTC | EVERTEC | $694.71B | $211.98B |
| INFA | Informatica | $1.60B | $400.63M |
| ACIW | ACI Worldwide | $1.45B | $373.48M |
| CSGS | CSG Systems | $1.17B | $295.13M |
| RELY | Remitly Global | $944.28M | $336.53M |
| NTCT | NetScout Systems | $829.46M | $191.11M |
| PRTH | Priority Technology | $755.61M | $205.72M |
| STER | Sterling Check | $719.64M | $200.53M |
| EVCM | EverCommerce | $675.37M | $177.39M |
| IMXI | International Money Express | $658.74M | $171.53M |
| LSAK | Lesaka | $564.22M | $138.19M |
| GB | Global Blue Group | $422.30M | $105.24M |
| AVDX | AvidXchange | $380.72M | $105.13M |
| CCSI | Consensus Cloud Solutions | $362.56M | $87.50M |
| ESMT | EngageSmart | $303.92M | $97.73M |
| SANG | Sangoma | $252.53M | $82.69M |
| OSPN | OneSpan | $235.11M | $56.24M |
| BLZE | Backblaze | $102.02M | $31.29M |
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 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). The company'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). BLZE's quarterly revenue for Q4 2023 was $28.74M, a 13.59% increase from the previous quarter (Q3 2023), and a 25.35% increase year-over-year (Q4 2022).
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 Subscription-Based Arrangements, Consumption-Based Arragments, and Physical Media. Subscription-Based Arrangements generated $55.68M in revenue, accounting 54.58% of the company's total revenue, up 8.26% year-over-year. 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.
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.