Backblaze reported a 15% year-over-year increase in revenue, reaching $25.3 million, and passed $100 million in ARR milestone. The company is on track to achieve adjusted EBITDA profitability in Q4.
Revenue increased by 15% year-over-year, reaching $25.3 million.
B2 Cloud Storage revenue grew by 31% year-over-year, totaling $11.6 million.
ARR reached $100.9 million, a 15% year-over-year increase.
Net revenue retention rate was 108%.
For the fourth quarter of 2023, Backblaze expects revenue between $27.9 million to $28.7 million and adjusted EBITDA margin between 1% to 3%.
Visualization of income flow from segment revenue to net income
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