Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Backblaze, Inc. is a publicly traded cloud storage company that provides data storage and backup solutions for consumers, businesses, and developers. The company operates in the cloud infrastructure, data storage, and data protection industries, focusing on scalable, low-cost alternatives to traditional hyperscale cloud providers. Backblaze’s core offerings are designed to store, protect, and provide access to large volumes of data with transparent pricing and simplified service models.
The company’s primary revenue drivers are its Computer Backup service, which targets individuals and small-to-medium businesses, and its B2 Cloud Storage platform, which serves developers, IT teams, media companies, and enterprises. Backblaze positions itself as a cost-efficient, easy-to-use provider, emphasizing predictable pricing and direct-to-cloud architecture. Founded in 2007, the company initially focused on consumer online backup before expanding into cloud infrastructure with the launch of B2 Cloud Storage in 2015. Backblaze became a public company in 2021 through an initial public offering on the Nasdaq under the ticker BLZE.
Business Operations
Backblaze operates through two primary business segments: Computer Backup and B2 Cloud Storage. The Computer Backup segment generates subscription-based revenue by providing automatic, unlimited backup for laptops and desktops, primarily serving individual users and small organizations. The B2 Cloud Storage segment offers object storage and related cloud services, generating usage-based revenue tied to storage volume, data egress, and API transactions.
Operations are conducted across domestic and international markets through a globally distributed cloud infrastructure. Backblaze designs and manages its own storage architecture and software stack, allowing it to control costs and performance. The company operates data centers directly rather than relying entirely on third-party infrastructure, which it cites as a key operational differentiator. Public disclosures do not indicate significant joint ventures, and reported subsidiaries are limited and primarily used for operational and international purposes; detailed subsidiary structures beyond the parent entity are not consistently disclosed in public filings.
Strategic Position & Investments
Backblaze’s strategy centers on growth in cloud infrastructure services by targeting customers seeking alternatives to large hyperscale providers. Key growth initiatives include expanding the capabilities and integrations of B2 Cloud Storage, increasing adoption among media, entertainment, and software development customers, and improving go-to-market execution through channel and ecosystem partnerships. The company also focuses on increasing average revenue per customer through expanded use cases and higher storage volumes.
The company has not reported major transformative acquisitions in recent public disclosures. Instead, it emphasizes organic growth, incremental technology investments, and infrastructure expansion. Backblaze continues to invest in storage efficiency, software-defined storage technologies, and developer-friendly tools, positioning itself within emerging trends around multi-cloud strategies, data sovereignty, and cost optimization.
Geographic Footprint
Backblaze is headquartered in North America, with its corporate headquarters located in San Mateo, California. The company operates data centers in the United States, Europe, and Asia, supporting customers across multiple continents and enabling compliance with regional data residency requirements.
Its market presence extends globally through direct sales and online distribution, with customers in more than 175 countries as disclosed in company filings. International operations are primarily focused on infrastructure deployment and customer support rather than localized subsidiaries with independent branding. The company’s geographic strategy emphasizes selective global expansion aligned with demand for cloud storage and regulatory considerations.
Leadership & Governance
Backblaze was co-founded by Gleb Budman, who continues to play a central role in the company’s leadership and strategic direction. The leadership team emphasizes operational efficiency, transparency in pricing, and long-term infrastructure investment as core elements of the company’s governance and strategy. Public filings describe a focus on disciplined growth and customer-centric product development.
Key executives include:
- Gleb Budman – Chief Executive Officer
- Nilay Patel – Chief Financial Officer
- Brian Wilson – Chief Technology Officer
Information on additional executive roles and recent leadership changes beyond these positions is limited or varies across public sources; data inconclusive based on available public sources.