Backblaze operates a cloud storage platform that serves businesses and consumers globally. The company provides web-scale storage infrastructure built on commodity hardware, enabling customers to store, access, and protect data across public, hybrid, and multi-cloud environments. Its service offerings span multiple use cases including application development, content delivery, ransomware protection, media management, backup and archive solutions, and IoT applications.
The company generates revenue through two primary segments. Backblaze B2 Cloud Storage serves developers and enterprises requiring scalable object storage for applications and data management. Backblaze Computer Backup is a subscription-based software-as-a-service offering that provides automatic data backup for laptops and desktops, with additional features including ransomware protection, theft recovery, and remote access capabilities for both individual and business customers.
Backblaze was incorporated in Delaware in 2007 and maintains headquarters in San Mateo, California. The company operates internationally, serving a customer base encompassing individual consumers, organizations, and enterprises. With a current market capitalization of approximately $200 million, the company operates as a public entity listed on Nasdaq.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2024 | $-1.11 | $-1.11 | +33.1% | |
| 2023 | $-1.66 | $-1.66 | -2.5% | |
| 2022 | $-1.62 | $-1.62 | -51.4% | |
| 2021 | $-1.07 | $-1.07 | — |