Earnings summaries and quarterly performance for Backblaze.
Executive leadership at Backblaze.
Board of directors at Backblaze.
Research analysts who have asked questions during Backblaze earnings calls.
Jeff Van Rhee
Craig-Hallum Capital Group LLC
4 questions for BLZE
Also covers: AKAM, ALKT, ASUR +18 more
IK
Ittai Kidron
Oppenheimer & Company
3 questions for BLZE
Also covers: BASE, CFLT, CRWD +13 more
Jason Ader
William Blair & Company
3 questions for BLZE
Also covers: AVPT, BASE, BOX +12 more
Eric Martinuzzi
Lake Street Capital Markets
2 questions for BLZE
Also covers: APEI, ASPU, ASUR +24 more
MM
Maxwell Michaelis
Lake Street Capital Markets
2 questions for BLZE
Also covers: APEI, BCOV, CLBT +10 more
SL
Simon Leopold
Raymond James
2 questions for BLZE
Also covers: AAOI, ANET, ARM +18 more
Zach Cummins
B. Riley Securities
2 questions for BLZE
Also covers: AEYE, DHX, EVER +9 more
Ethan Widell
B. Riley Securities
1 question for BLZE
Also covers: NOTE, TBLA
Jeffrey Hopson
Needham & Company
1 question for BLZE
Also covers: ANET, CRWD, RDCM +2 more
MC
Michael Cikos
Needham & Company
1 question for BLZE
Also covers: AI, BASE, CFLT +20 more
NW
Nathan Whitehill
B. Riley Securities
1 question for BLZE
Rustam Kanga
Citizens Capital Markets and Advisory
1 question for BLZE
Also covers: AVNW, KTOS, PENG +1 more
Victor Chiu
Raymond James
1 question for BLZE
Also covers: ATEN, CMBM, HPE +3 more
Recent press releases and 8-K filings for BLZE.
BLZE Announces Q3 2025 Financial Results and Updated Guidance
BLZE
Earnings
Guidance Update
Revenue Acceleration/Inflection
- BLZE reported Q3 2025 revenue of $31.8 million, marking a 27% year-over-year growth.
- Adjusted EBITDA for Q3 2025 reached $7.3 million, with a 23% margin.
- The company generated $7.3 million in Free Cash Flow during Q3 2025.
- BLZE provided updated guidance for Q4 2025, projecting revenue between $37.3 million and $37.9 million and an Adjusted EBITDA Margin of 20% to 22%. The Full Year 2025 revenue guidance is $145.4 million to $146.0 million, with an Adjusted EBITDA Margin of 18% to 20%.
Nov 6, 2025, 1:00 PM
Backblaze Provides Q3 2025 Guidance and Raises Full-Year Outlook
BLZE
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Backblaze provided Q3 2025 revenue guidance of $36.7 to $37.1 million and an Adjusted EBITDA Margin of 17% to 19%.
- The company raised its full-year 2025 revenue guidance to $145 to $147 million (from a previous range of $144 to $146 million) and expects an Adjusted EBITDA Margin of 17% to 19%.
- B2 Cloud Storage revenue growth accelerated to 29% year-over-year in Q2 2025, with a target of 30%+ B2 growth in Q4 2025.
- Growth is significantly fueled by AI, with 3 of the top 10 customers being AI companies and 40x year-over-year growth in data stored by AI customers in Q2 2025.
- BLZE secured a new $20 million line of credit and approved a cash-neutral stock buyback program of up to $10 million.
Nov 6, 2025, 1:00 PM
Backblaze Reports Q3 2025 Results and Q4 2025 Guidance
BLZE
Earnings
Guidance Update
Share Buyback
- Backblaze reported Q3 2025 revenue and adjusted EBITDA margin above the high end of guidance, with overall company revenue growing 14% year over year and B2 Cloud Storage growing 28%. For Q4 2025, revenue is projected between $37.3 million and $37.9 million, with B2 growth expected to be 25% to 28%, and the company remains on track to be adjusted free cash flow positive.
- The company repurchased $1.2 million of shares in Q3 as part of a modest share repurchase program to manage equity dilution.
- Backblaze is implementing a "phase two" go-to-market transformation to drive stronger growth, increase execution velocity, and improve predictability, funded by a restructuring that is considered a reinvestment.
- The number of customers with $50,000+ Annual Recurring Revenue (ARR) increased by 41% year-over-year in Q3.
Nov 6, 2025, 1:00 PM
Backblaze Announces Strong Q3 2025 Financial Results with Revenue Growth and Improved Profitability
BLZE
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Backblaze reported Q3 2025 revenue of $37.2 million, an increase of 14% year-over-year, with B2 Cloud Storage revenue growing 28% year-over-year to $20.7 million.
- The company achieved a net loss of $3.8 million and non-GAAP net income of $1.9 million for Q3 2025, a significant improvement from a net loss of $12.8 million and non-GAAP net loss of $4.1 million in Q3 2024. Adjusted EBITDA reached $8.4 million, or 23% of revenue, up from $3.7 million or 12% in Q3 2024.
- Backblaze's Annual Recurring Revenue (ARR) increased 13% year-over-year to $147.2 million, with B2 Cloud Storage ARR growing 26% year-over-year to $81.8 million.
- For the full year 2025, the company raised its Adjusted EBITDA margin guidance to 18%-20% (from 17%-19%) and narrowed its revenue outlook to $145.4 million to $146.0 million. The CEO also stated the company is on track to be free-cash-flow positive in Q4.
Nov 6, 2025, 12:03 PM
Backblaze reports Q4 2024 results and outlines 2025 strategic goals
BLZE
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Backblaze reported Q4 2024 ARR of $137 million, growing 22% year-over-year, with its B2 Cloud Storage segment also growing 22% year-over-year and achieving an NRR of 123%. Adjusted EBITDA for Q4 was 14%, more than double the prior year, marking five consecutive quarters of positive and improving EBITDA.
- The company aims to accelerate B2 Cloud Storage growth to over 30% by Q4 2025 and achieve 0% free cash flow margins by Q4 2025. This would improve their Rule of 40 from 9% to 30% within a year.
- A go-to-market transformation has resulted in doubled sales productivity year-over-year and two quarters of record sales bookings, with a focus on application storage, AI, backup, and media & entertainment.
- The B2 Cloud Storage business surpassed the Computer Backup business in size in Q4 2024 and is projected to constitute at least three-quarters of the total business in two and a half to three years.
- AI is a significant tailwind, with three out of the top ten customers being AI companies, and their data usage increasing over tenfold year-over-year.
Mar 4, 2025, 9:30 PM
Quarterly earnings call transcripts for Backblaze.
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