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Backblaze (BLZE)
NASDAQ:BLZE
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.14Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -17.38%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance in revenue and growth metrics, especially in B2 Cloud Storage and AI segments. The successful go-to-market transformation and financial health improvements offset the challenges faced in Computer Backup growth and a notable customer loss. Overall, the positive aspects significantly outweigh the negative ones, suggesting a strong future outlook.Company Guidance
During Backblaze's fourth quarter and full-year 2024 earnings call, the company reported an 18% year-over-year revenue growth, with B2 Cloud Storage growing by 22% and now accounting for over 50% of the business. The adjusted EBITDA margin doubled to 14% compared to the previous year. Backblaze aims to achieve a 30% growth in B2 by the end of 2025, with the adjusted EBITDA margin expected to exceed 20% in Q4 2025, and the company plans to be adjusted free cash flow positive by then. The net revenue retention rate stood at 116%, while gross customer retention was 90%. The company also highlighted a record sales booking quarter, with a significant customer expansion exceeding $1 million in annual contract value. The call emphasized the strategic focus on increasing sales productivity and expanding partnerships, with a notable increase in average deal size from channel leads. Backblaze also underscored its potential to capitalize on the growing AI industry, noting a tenfold increase in data stored by AI companies and a strong momentum in acquiring AI customers.Revenue and Growth Metrics
Revenue grew 18% year-over-year, with B2 Cloud Storage growing 22%. B2 Cloud Storage now accounts for over 50% of the business in Q4, and adjusted EBITDA margin doubled to 14%.
Go-to-Market Transformation Success
ARR win rates and sales productivity doubled year-over-year. Record sales bookings were achieved, greater than the prior three quarters combined.
AI Customer Segment Growth
AI segment saw nearly a 10-fold increase in data stored, with three out of the top 10 customers being AI companies.
Financial Health and Cash Flow
Adjusted EBITDA improved to $4.6 million or 14% of revenue. Cash flow from operations for the year improved by $20 million over the prior year.
New Data Center in Canada
Opened a new data center region in Canada, structured with an anchor partner to reduce risk and establish a new playbook for future expansions.
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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
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BLZE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| May 08, 2024 | $9.91 | $7.50 | -24.32% |
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.
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FAQ
When does Backblaze (BLZE) report earnings?
Backblaze (BLZE) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Backblaze (BLZE) earnings time?
Backblaze (BLZE) earnings time is at May 07, 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 (Q1) is -0.06.
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