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Backblaze revenue
Backblaze's revenue is $127.6 million.
What is Backblaze's revenue?
- Backblaze's revenue growth from 2020 to 2024 is 137.3%.
- Backblaze has 217 employees, and the revenue per employee ratio is $588,147.
- Backblaze's peak quarterly revenue was $33.8M in 2024(q4).
- Backblaze peak revenue was $127.6M in 2024.
- Backblaze annual revenue for 2023 was 102.0M, 19.8% growth from 2022.
- Backblaze annual revenue for 2024 was 127.6M, 25.1% growth from 2023.
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Backblaze historical revenue
Backblaze's peak revenue was $127.6M in 2024. The peak quarterly revenue was $33.8M in 2024(q4).
Backblaze's revenue increased from $53.8m in 2020 to $127.6M currently. That's a 137.3% change in annual revenue.
Backblaze annual revenue
Backblaze annual revenue over time
| Fiscal year / year | Backblaze revenue |
|---|---|
| 2020 | $53.8M |
| 2021 | $67.5M |
| 2022 | $85.2M |
| 2023 | $102.0M |
| 2024 | $127.6M |
How accurately did Backblaze's revenue projections match actual performance?
Backblaze annual growth
Backblaze saw the greatest revenue growth in 2022, when revenue increased by 26.19%.
Backblaze had the lowest revenue growth in 2021, when revenue changed by 25.46%.
Backblaze annual growth rate over time
| Year | Backblaze growth |
|---|---|
| 2021 | 25%↑ |
| 2022 | 26%↑ |
| 2023 | 20%↑ |
| 2024 | 25%↑ |
Backblaze quarterly revenue over time
- Q1
- Q2
- Q3
- Q4
Backblaze quarterly growth rate over time
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2021 | - | - | $17.3M | $18.7M |
| 2022 | $19.5M | $20.7M | $22.1M | $22.9M |
| 2023 | $23.4M | $24.6M | $25.3M | $28.7M |
| 2024 | $30.0M | $31.3M | $32.6M | $33.8M |
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Did Backblaze meet its revenue projections?
Backblaze financial information
| CEO | Gleb Budman |
| Company Type | Private |
| Employees Number | 217 |
| Headquarters | San Mateo, California |
| Revenue | $127.6M |
| Net Income | -$51,398,000 |
| Gross Proft | $69.3M (2024) |
| Tax Rate | -0.0% |
| Total Assets | $152,458,000 |
| Ticker | BLZE |
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Backblaze financing
Backblaze received early financing of $300.0K on 2009-04-15.
| Series | Round size | Date |
|---|---|---|
| Series Unknown | $300K | 04/2009 |
| Series A | $5M | 07/2012 |
Backblaze investors
| Investors | Security type |
|---|---|
| TMT Investments | Series A |
Backblaze competitors
Backblaze's top competitor, VMware, earned an annual revenue of $13.3B.
Backblaze's smallest competitor is Crux Informatics with revenue of $110.0K last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| VMware | $126,075 | $13.4B | 31,000 | 2 |
| Red Hat | $95,515 | $3.4B | 13,400 | 162 |
| Evernote | $134,515 | - | - | - |
| Force10 Networks | $111,962 | $250.0M | 750 | - |
| Sophos | $112,327 | $65.2M | 3,600 | 25 |
| Cloudflare | $139,785 | $1.7B | 2,432 | 301 |
| Secure64 Software | $82,081 | $1.9M | 20 | - |
| HashiCorp | $129,428 | $583.1M | 2,000 | - |
| Prosperoware | $62,226 | $19.8M | 96 | - |
| Crux Informatics | $62,077 | $110,000 | 1 | - |
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Zippia gives an in-depth look into the details of Backblaze, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Backblaze. The employee data is based on information from people who have self-reported their past or current employments at Backblaze. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Backblaze. The data presented on this page does not represent the view of Backblaze and its employees or that of Zippia.
Backblaze may also be known as or be related to Backblaze and Backblaze, Inc.