Education
About Us
Working with TipRanks
Follow Us
Backblaze (BLZE)
NASDAQ:BLZE
Earnings Data
Report Date
Aug 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.11Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 20.13%
|Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth, successful product launches, and significant achievements in AI and customer retention. Despite concerns over market manipulation and elongated customer decision-making, the overall sentiment remains positive due to robust performance metrics and strategic advancements.Company Guidance
During the Backblaze First Quarter 2025 Earnings Call, the company reported a 15% increase in total revenue, reaching $34.6 million, with B2 Cloud Storage revenue accelerating to 23% growth year-over-year. The adjusted EBITDA margin tripled to 18%, a substantial improvement from the previous year, and the adjusted free cash flow margin improved to negative 6% from negative 13% in the previous quarter. Backblaze is on track to achieve at least 30% B2 growth and adjusted free cash flow positive by Q4 2025. The company highlighted a record TCV deal and significant growth driven by AI use cases, and it introduced the B2 Cloud Storage Overdrive offering. The company also addressed market manipulation concerns and reassured investors of its financial integrity. Looking ahead, Backblaze is focusing on upskilling, partnerships, and sales plays as part of its go-to-market transformation, with continued confidence in achieving its growth targets despite some customers taking longer to make decisions.Strong Revenue Growth
Total revenue for Q1 2025 reached $34.6 million, representing a 15% increase over the prior year.
B2 Cloud Storage Momentum
B2 Cloud Storage achieved 23% growth, marking the second consecutive quarter of increased organic growth.
Enhanced Profitability
Adjusted EBITDA margin tripled over the same period last year to 18%.
AI Customer Base Expansion
AI customer base grew by 66%, and their data with Backblaze grew by 25x.
Successful Go-To-Market Transformation
Sales bookings more than doubled year-over-year, driven by strong sales execution and growing existing accounts.
Launch of B2 Overdrive
Introduced Backblaze B2 Cloud Storage Overdrive, optimized for large data sets and high-performance throughput.
Record TCV Deal
Signed the largest Total Contract Value (TCV) deal ever, a multimillion-dollar contract over a multiyear period.
Improved Customer Retention
Gross customer retention remained consistently strong at approximately 90% across both B2 and Computer Backup segments.
BLZE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BLZE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $4.52 | $5.25 | +16.15% |
Feb 25, 2025 | $6.33 | $6.68 | +5.53% |
Nov 07, 2024 | $7.95 | $6.86 | -13.71% |
Aug 08, 2024 | $5.19 | $6.46 | +24.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Backblaze (BLZE) report earnings?
Backblaze (BLZE) is schdueled to report earning on Aug 12, 2025, TBA Not Confirmed.
What is Backblaze (BLZE) earnings time?
Backblaze (BLZE) earnings time is at Aug 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BLZE EPS forecast?
BLZE EPS forecast for the fiscal quarter 2025 (Q2) is -0.05.