What a backlink actually is.
When another website links to yours, its HTML contains an anchor tag pointing at your URL. Crawlers follow the tag, record the connection, and add it to Google's link graph, a map of which pages point where across the whole web. Your backlink profile is simply every inbound edge on that map.
Three parts of each link matter: the linking page (where the link lives), the anchor text (the clickable words), and the target (which page on your site receives the link). All three feed into how much value passes.