Backblaze, Inc.

What the company does

• Operates a high-performance cloud storage platform for data-intensive workloads, including AI, analytics, and cloud-native applications.
• Offers two primary services on shared, web-scale software infrastructure built on commodity hardware:
  • B2 Cloud Storage: API-accessible object storage (IaaS) focused on price-to-performance, multi-cloud data mobility, and low egress costs.
  • Computer Backup: subscription-based SaaS that backs up end-user devices (laptops/desktops/external drives) with flat-rate pricing.
• Platform supports multi-region data residency and resilience through a modular vault architecture that splits files into parts and stores them across many drives and servers for durability.

Platform and core technology

• Backblaze Storage Cloud underpins both services.
• Manages data across hundreds of thousands of hard drives in multiple data centers, providing on-demand access to over 1 trillion files.
• Global regions include U.S. East and West Coasts, Canada, and Europe; capacity is expanded through finance leases to support scale.
• Data durability and availability are maintained via vault-based redundancy and distributed architecture.
• 2025 feature and upgrade highlights: B2 Overdrive (high-throughput premium tier), AI-related administration and anomaly detection tools, multi-bucket keys, S3 lifecycle and checksums support, and Legal Hold for Computer Backup.

Key products and use cases

• B2 Cloud Storage
  • Accessible via APIs, SDKs, web UI, and hundreds of third-party integrations.
  • Used for public, hybrid, and multi-cloud storage; suitable for AI/ML data workflows, archiving, backup, content delivery, edge computing, security, and ransomware protection.
  • B2 Overdrive provides throughput up to 1 Tbps, with unlimited egress and private networking support.
  • Open platform with egress benefits designed to support multi-cloud data orchestration.
• Computer Backup
  • Automatic, continuous backup of end-user devices via a lightweight local agent.
  • Flat-rate pricing for home users and business fleets; supports restores as needed.
  • Use cases include device backup, ransomware protection, theft/loss recovery, data archiving, MSPs, and remote access.
• Powered by Backblaze
  • White-label and partner programs to integrate Backblaze storage into third-party products and services.

Customer base and geographic reach

• Total customers: over 500,000 across more than 175 countries.
• Service-specific counts (as of 12/31/2025):
  • Computer Backup: ~400,000 customers.
  • B2 Cloud Storage: ~120,000 customers.
  • Customers using both services: ~20,000.
• Approximately 28% of revenue derived from customers outside the United States.

Revenue, profitability, and income

• 2025 revenue growth by product (year-over-year vs. 2024):
  • B2 Cloud Storage revenue grew 26%.
  • Computer Backup cloud service revenue grew 3%.
• Net loss: $25.6 million for the year ended December 31, 2025 (compared with losses of $48.5 million in 2024 and $59.7 million in 2023).
• Accumulated deficit: $221.6 million as of December 31, 2025.

Employees and culture

• Approximately 320 full-time employees as of December 31, 2025.
• Workforce is predominantly remote, with operational staff onsite where required.

Data centers and facilities

• Leases data center space in:
  • California, Arizona, Virginia (United States)
  • Amsterdam (Netherlands)
  • Toronto (Canada)
• Manages capacity through long-term leases and data center expansions; the company does not own real property.

Go-to-market and partnerships

• Sales and marketing mix includes direct sales, channel partners, and alliances.
• Targets mid-market and enterprise workloads, with emphasis on AI and cloud-native opportunities.
• Powered by Backblaze program supports partner integrations and co-selling.

Financial flexibility and financing

• Revolving credit facility: up to $20 million with Citizens Bank, N.A., including up to $3 million available via letter of credit.
• Facility contains covenants (liquidity, EBITDA, leverage) and other restrictions that can affect strategic flexibility.
• The company may seek additional capital to support growth; revenue is primarily USD-denominated with some non-USD costs.

Intellectual property and risk posture

• No issued patents as of the report; three patent applications pending.
• Trademarks include Backblaze, B2, Break Free, Blaze Forward, and the Backblaze logo.
• Emphasizes open-source considerations and the potential for third-party IP claims in the cloud storage sector.

Public company and governance context

• Completed initial public offering in November 2021; Class A common stock trades on NASDAQ under the symbol BLZE.
• Subject to public-company compliance costs and governance requirements, including potential exclusive forum provisions for stockholder disputes.
• Previously qualified as an Emerging Growth Company (EGC) and was expected to transition from certain EGC-specific disclosure exemptions approaching 2026.