Backblaze, Inc. (BLZE) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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BLZE Revenue Growth
Revenue Breakdown (FY 2025)
BLZE's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
BLZE Revenue Analysis (2019–2025)
As of May 6, 2026, Backblaze, Inc. (BLZE) generated trailing twelve-month (TTM) revenue of $149.9 million, reflecting strong growth of +11.7% year-over-year. The most recent quarter (Q1 2026) recorded $38.7 million in revenue, up 2.4% sequentially.
Looking at the longer-term picture, BLZE's 5-year compound annual growth rate (CAGR) stands at +22.1%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $145.8 million in 2025, representing a new all-time high.
Revenue diversification analysis shows BLZE's business is primarily driven by Consumption-Based Arragments (53%), and Subscription-Based Arrangements (47%). With over half of revenue concentrated in Consumption-Based Arragments, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including BOX (+8.0% YoY), DOMO (+0.6% YoY), and DCBO (+12.8% YoY), BLZE has underperformed the peer group in terms of revenue growth. Compare BLZE vs BOX →
BLZE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BLZECurrent | $150M | +11.7% | +22.1% | -13.8% | |
 BOX | $1.2B | +8.0% | +8.8% | 7.1% | |
 DOMO | $319M | +0.6% | +8.7% | -12.3% | |
 DCBO | $217M | +12.8% | +39.2% | 9.8% | |
 NCNO | $541M | +12.1% | +31.4% | -3.4% | |
 DBX | $2.5B | -1.1% | +8.9% | 19.1% |
BLZE Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $145.8M | +14.3% | $88.8M | 60.9% | $-20,154,000 | -13.8% |
| 2024 | $127.6M | +25.1% | $69.3M | 54.3% | $-46,289,000 | -36.3% |
| 2023 | $102.0M | +19.8% | $49.9M | 48.9% | $-57,905,000 | -56.8% |
| 2022 | $85.2M | +26.2% | $43.9M | 51.5% | $-48,113,000 | -56.5% |
| 2021 | $67.5M | +25.5% | $34.3M | 50.9% | $-18,794,000 | -27.9% |
| 2020 | $53.8M | +32.0% | $28.0M | 52.0% | $-3,732,000 | -6.9% |
| 2019 | $40.7M | - | $20.6M | 50.6% | $949K | 2.3% |
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Start ComparisonBLZE — Frequently Asked Questions
Quick answers to the most common questions about buying BLZE stock.
Is BLZE's revenue growth accelerating or slowing?
BLZE maintains +11.7% revenue growth, in line with its 5-year CAGR of +22.1%. TTM revenue stands at $150M. Growth rate remains consistent with historical average.
What is BLZE's long-term revenue growth rate?
Backblaze, Inc.'s 5-year revenue CAGR of +22.1% reflects the sustained expansion pattern. Current YoY growth of +11.7% is near this long-term average.
How is BLZE's revenue distributed by segment?
BLZE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.