Backblaze, Inc. Overview
Pro stress-test →Backblaze Inc provides cloud storage services through its Backblaze B2 Cloud Storage platform, which enables customers to store data, developers to build applications, and partners to expand their use cases. The company drives diversified growth across AI, cyber resilience, and application storage use cases, positioning itself as a strategic player in data infrastructure for the AI era.
Strategic Profile
Pro stress-test →Backblaze reported Q4 2025 revenue of $37.8M with 24% B2 growth, a 28% adjusted EBITDA margin and positive adjusted free cash flow, with 2026 guidance calling for higher revenue and 19–21% adjusted EBITDA margins. The company is progressing toward becoming a Rule of 40 company, with infrastructure that scales with discipline and a capital-efficient model allowing pursuit of the massive AI-driven opportunity while maintaining financial discipline and building a durable self-funding business.
Competitive Landscape
Pro stress-test →Backblaze faces intense competition from major cloud providers like AWS, Microsoft Azure, and Google Cloud, with heavy reliance on a few large AI-driven customers creating risks for revenue stability and margin pressure. The company differentiates through removing barriers of lock-in, complexity, and cost, with high-performance cloud object storage accelerating AI workflows and providing unparalleled interoperability serving over 500,000 customers across 175 countries.
Industry Context
Backblaze, Inc. operates in Cloud Storage & Data Infrastructure.
Key facts
Founded: 2007 · Headquarters: San Francisco, US · Revenue: $146M · Market cap: $221M