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Backblaze, Inc. BLZE B2 Cloud Storage — Revenue

Other product segments

Consumption-based arrangements
$21.74M+24.8%
Subscription-based arrangements
$16.8M-1.8%
Computer Backup
$16.24M-2.0%
Point in time arrangements
$126K—

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Other financials

Income statement

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Revenue$38.7M+11.7%
Gross profit$23.5M+22.2%
Operating income-$5.4M+39.0%
Net income-$6.1M+34.1%
EPS (diluted)-$0.10+41.2%

Balance sheet

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Cash & equivalents$26.3M-35.3%
Total debt$62.0M+35.7%
Total equity$84.6M+8.8%
Total assets$192.7M+13.2%

Cash flow

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Operating cash flow$3.4M-32.0%
CapEx$651.0K+29.4%
Free cash flow$2.7M-39.0%

Valuation

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Market cap$1.16B+197%
Enterprise value$1.2B+186%
P/S7.8×+4.9×

Profitability

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Gross margin62.1%+7.1pp
Operating margin-13.4%-5.0pp
Net margin-15%-5.5pp
FCF margin11.4%+2.2pp

Returns & leverage

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Return on equity-27.6%-10.7pp
Debt / equity0.7×+0.1×
Current ratio1×0.0×

Where this comes from

Reported directly by Backblaze, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Backblaze, Inc.’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 4:06 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-029797
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
B2 Cloud Storage$22,428$18,048
Computer Backup16,23816,565
Total revenue$38,666$34,613

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Backblaze, Inc.'s b2 cloud storage — revenue?
Backblaze, Inc. (BLZE) reported b2 cloud storage — revenue of $22.43M in Q1 2026.
How has Backblaze, Inc.'s b2 cloud storage — revenue changed year-over-year?
Backblaze, Inc.'s b2 cloud storage — revenue increased by 24.3% year-over-year, from $18.05M to $22.43M.
What is the long-term trend for Backblaze, Inc.'s b2 cloud storage — revenue?
Over 3 years (2022 to 2025), Backblaze, Inc.'s b2 cloud storage — revenue has grown at a 34.0% compound annual growth rate (CAGR), from $33.2M to $79.9M.
What does b2 cloud storage — revenue mean?
This metric represents the total revenue generated from the company's consumption-based cloud storage and infrastructure-as-a-service platform. It reflects the adoption and usage volume of the storage services by developers, partners, and enterprise customers for data backup, application development, and multi-cloud strategies. Growth in this figure indicates successful scaling of the cloud infrastructure business and increasing demand for scalable data storage solutions.

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