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Backblaze, Inc. BLZE Consumption-based arrangements — Revenue

Other product segments

B2 Cloud Storage
$22.43M+24.3%
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 ratio0.0×

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
Consumption-based arrangements$21,739$17,413
Subscription-based arrangements16,80117,108
Point in time arrangements12692
Total revenue$38,666$34,613

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Backblaze, Inc.'s consumption-based arrangements — revenue?
Backblaze, Inc. (BLZE) reported consumption-based arrangements — revenue of $21.74M in Q1 2026.
How has Backblaze, Inc.'s consumption-based arrangements — revenue changed year-over-year?
Backblaze, Inc.'s consumption-based arrangements — revenue increased by 24.8% year-over-year, from $17.41M to $21.74M.
What is the long-term trend for Backblaze, Inc.'s consumption-based arrangements — revenue?
Over 4 years (2021 to 2025), Backblaze, Inc.'s consumption-based arrangements — revenue has grown at a 35.9% compound annual growth rate (CAGR), from $22.63M to $77.19M.
What does consumption-based arrangements — revenue mean?
This metric represents the total revenue generated from cloud storage services billed based on actual usage, such as data storage volume and egress traffic. It reflects the adoption and scaling of infrastructure-as-a-service offerings where customers pay for resources consumed rather than through fixed-term subscriptions. Growth in this segment indicates increasing demand for flexible, scalable cloud storage solutions and successful monetization of developer and enterprise data workloads.

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