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Backblaze, Inc. BLZE Subscription-based arrangements — Revenue

Other product segments

B2 Cloud Storage
$22.43M+24.3%
Consumption-based arrangements
$21.74M+24.8%
Computer Backup
$16.24M-2.0%
Point in time arrangements
$126K

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WWSubscription Revenues Net — Revenue
$161.39M-8.2%

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 subscription-based arrangements — revenue?
Backblaze, Inc. (BLZE) reported subscription-based arrangements — revenue of $16.8M in Q1 2026.
How has Backblaze, Inc.'s subscription-based arrangements — revenue changed year-over-year?
Backblaze, Inc.'s subscription-based arrangements — revenue decreased by 1.8% year-over-year, from $17.11M to $16.8M.
What is the long-term trend for Backblaze, Inc.'s subscription-based arrangements — revenue?
Over 4 years (2021 to 2025), Backblaze, Inc.'s subscription-based arrangements — revenue has grown at a 11.5% compound annual growth rate (CAGR), from $44.12M to $68.24M.
What does subscription-based arrangements — revenue mean?
This metric represents the total revenue generated from recurring service contracts or subscription-based access to cloud infrastructure and data storage platforms. It reflects the core income stream derived from customers paying for ongoing usage or capacity-based access to the company's storage and backup solutions. This figure is a key indicator of the stability and scalability of the company's primary business model.

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