Filing Flows › Backblaze (BLZE) › How it makes money
How Backblaze (BLZE) makes money
Backblaze (BLZE) made $46.5M of revenue in the third quarter 2026 (Q3 2026), +26% from a year earlier. Consumption-based arrangements brought in $29.9M (64%); Subscription-based arrangements brought in $16.7M (36%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Consumption-based arrangements | $29.9M | 64.2% | +15% | +50% |
| Subscription-based arrangements | $16.7M | 35.8% | -0.2% | -2% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $46.5M | 100.0% |
| Income tax | $60K | 0.1% |
| Operating cash flow | $9.0M | 19.3% |
| Free cash flow | $6.1M | 13.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $46.7M | +26% |
| Q2 2026 | $42.7M | +18% |
| Q1 2026 | $38.7M | +12% |
| Q4 2025 | $37.8M | +12% |
| Q3 2025 | $37.2M | +14% |
| Q2 2025 | $36.3M | +16% |
| Q1 2025 | $34.6M | +16% |
From Backblaze's 10-Q filed Nov 2, 2026 (on EDGAR).
Questions
How does Backblaze make money?
Backblaze (BLZE) made $46.5M of revenue in the third quarter 2026 (Q3 2026), +26% from a year earlier. Consumption-based arrangements brought in $29.9M (64%); Subscription-based arrangements brought in $16.7M (36%).
What is Backblaze's biggest business?
Consumption-based arrangements: $29.9M in the third quarter 2026, 64% of revenue, +50% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.