Subscription-Based Arrangements was the largest of Backblaze, Inc.’s 3 reported lines in fiscal 2024, at $65.66M — 51% of $127.63M.
| Product and Service | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|
| Subscription-Based Arrangements | — | $51.43M | $55.68M | $65.66M | |
| Subscription-Based Arrangements (Computer Backup) | $44.12M | — | — | — | |
| Consumption-Based Arrangements | — | $33.04M | $45.77M | $61.46M | |
| Consumption-Based Arrangements (B2 Cloud Storage) | $22.63M | — | — | — | |
| Physical Media (Point In Time) | — | $683.00K | $569.00K | $511.00K | |
| Physical Media | $730.00K | — | — | — | |
| Total | $67.48M | $85.16M | $102.02M | $127.63M |
In fiscal 2024, which ended December 31, 2024, the 3 revenue lines Backblaze, Inc. reported in this breakdown added up to $127.63M. That was up 25.1% from $102.02M in fiscal 2023. Subscription-Based Arrangements was the largest revenue line, at $65.66M or 51.4% of the total, followed by Consumption-Based Arrangements ($61.46M, 48.2%) and Physical Media (Point In Time) ($511.00K, 0.4%). Together, the two largest revenue lines made up 99.6% of this total.
Compared with fiscal 2023, Consumption-Based Arrangements grew the fastest, rising 34.3% to $61.46M.
Subscription-Based Arrangements (fiscal 2022), Consumption-Based Arrangements (fiscal 2022) and Physical Media (Point In Time) (fiscal 2022) were first reported as separate revenue lines during this period. The table also keeps 3 revenue lines that Backblaze, Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 3 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2020 to 2024, as reported in Backblaze, Inc.'s annual filings.
United States was the largest of Backblaze, Inc.’s 4 reported lines in fiscal 2024, at $94.32M — 74% of $127.63M.
| Geography | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|
| United States | $48.35M | $60.95M | $73.26M | $94.32M | |
| Other | $12.01M | $15.23M | $18.27M | $20.85M | |
| United Kingdom | $3.69M | $4.65M | $5.46M | $6.70M | |
| Canada | $3.44M | $4.32M | $5.03M | $5.76M | |
| Total | $67.48M | $85.16M | $102.02M | $127.63M |
In fiscal 2024, which ended December 31, 2024, the 4 regions Backblaze, Inc. reported in this breakdown added up to $127.63M. That was up 25.1% from $102.02M in fiscal 2023. United States was the largest region, at $94.32M or 73.9% of the total, followed by Other ($20.85M, 16.3%) and United Kingdom ($6.70M, 5.3%). Together, the two largest regions made up 90.2% of this total.
Compared with fiscal 2023, United States grew the fastest, rising 28.7% to $94.32M. Every sizeable region reported in both years grew. Over fiscal 2021 to 2024, revenue across these regions went from $67.48M to $127.63M, a compound annual growth rate of 23.7%. United States' share of the total rose from 71.6% to 73.9% over the same years.
This breakdown covers every fiscal year from 2020 to 2024, as reported in Backblaze, Inc.'s annual filings.
Backblaze, Inc. (BLZE) breaks its revenue down by revenue line and region. In fiscal 2024, its largest revenue line was Subscription-Based Arrangements, with $65.66M or 51.4% of the total, followed by Consumption-Based Arrangements at $61.46M (48.2%).
Subscription-Based Arrangements was Backblaze, Inc.'s largest revenue line in fiscal 2024, with $65.66M in revenue, 51.4% of the $127.63M reported across its 3 revenue lines.
United States was Backblaze, Inc.'s largest region in fiscal 2024, with $94.32M in revenue, 73.9% of the $127.63M reported across its 4 regions.
Of the Backblaze, Inc. revenue lines reported in both fiscal 2023 and fiscal 2024, and making up at least 2% of the total, Consumption-Based Arrangements grew the fastest, rising 34.3% from $45.77M to $61.46M.
Every figure is taken from Backblaze, Inc.'s annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by revenue line covers fiscal 2020 to 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.