Backblaze reported a 19% increase in overall revenue year-over-year, with B2 Cloud Storage revenue growing by 39%. The company continued to move up-market, increasing the number of customers generating over $50,000 in annual recurring revenue by 54% year-over-year.
Total revenue reached $24.6 million, a 19% increase year-over-year.
B2 Cloud Storage revenue grew by 39% year-over-year, reaching $10.8 million.
Gross profit was $12.1 million, representing 49% of revenue.
ARR was $97.3 million, an increase of 18% year-over-year.
Backblaze provided financial outlook for the third quarter and full year 2023.
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