Backblaze, Inc. ( (BLZE) ) has released its Q3 earnings. Here is a breakdown of the information Backblaze, Inc. presented to its investors.
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Backblaze, Inc. is a high-performance cloud storage platform specializing in AI-driven data management solutions, offering services that support over 500,000 customers globally. In its third-quarter 2025 earnings report, Backblaze announced a 14% year-over-year revenue growth, with significant contributions from its B2 Cloud Storage segment, which saw a 28% increase. The company reported a gross profit margin expansion to 62% and a reduction in net loss to $3.8 million from $12.8 million in the previous year. Key financial highlights include a revenue of $37.2 million, a net loss per share of $0.07, and an adjusted EBITDA of $8.4 million. The company’s annual recurring revenue reached $147.2 million, with B2 Cloud Storage accounting for $81.8 million. Looking ahead, Backblaze remains optimistic about achieving free-cash-flow positivity in the fourth quarter and continues to focus on enhancing its cloud storage offerings to meet the growing demands of AI and data-intensive workflows.