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Dec 31, 2021
Backblaze Q4 2021 Earnings Report
Achieved strong revenue growth driven by the increasing proportion of B2 Cloud Storage service.
Key Takeaways
Backblaze's Q4 2021 revenue increased by 28% year-over-year, driven by a 56% increase in B2 Cloud Storage revenue and a 16% increase in Computer Backup revenue. The company's accelerating growth rate sets the stage for increased sales and marketing investments in 2022.
Revenue of $18.7 million, an increase of 28% year-over-year.
B2 Cloud Storage revenue was $6.6 million, an increase of 56% year-over-year.
Computer Backup revenue was $11.9 million, an increase of 16% year-over-year.
Cash and cash equivalents were $104.8 million as of December 31, 2021.
Revenue by Segment
Forward Guidance
For the first quarter of 2022, Backblaze expects revenue between $19.0 million to $19.5 million and an Adjusted EBITDA margin between -20% to -16%. For full-year 2022, the company expects revenue between $83 million to $86 million and an Adjusted EBITDA margin between -18% to -14%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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