Revenue Breakdown
Composition ()
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Revenue Streams
Backblaze Inc (BLZE) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Consumption-based arrangements, accounting for 53.8% of total sales, equivalent to $19.99M. Other significant revenue streams include Subscription-based arrangements and Physical Media. Understanding this composition is critical for investors evaluating how BLZE navigates market cycles within the IT Services & Consulting industry.
Profitability & Margins
Evaluating the bottom line, Backblaze Inc maintains a gross margin of 62.37%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -5.60%, while the net margin is -14.33%. These profitability ratios, combined with a Return on Equity (ROE) of -31.85%, provide a clear picture of how effectively BLZE converts its operational activities into shareholder value.
Comparative Benchmarking
In the context of the broader market, BLZE competes directly with industry leaders such as VTIX and XRX. With a market capitalization of $227.78M, it holds a significant position in the sector. When comparing efficiency, BLZE's gross margin of 62.37% stands against VTIX's N/A and XRX's 26.92%. Such benchmarking helps identify whether Backblaze Inc is trading at a premium or discount relative to its financial performance.
