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 -

Q2 2025

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.

Backblaze (BLZE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BLZE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 07, 2025	2025 (Q2)	-0.05 / -	-0.11	―	―	―
May 07, 2025	2025 (Q1)	-0.06 / -0.03	-0.14	78.57% (+0.11)
Feb 25, 2025	2024 (Q4)	-0.09 / -0.06	-0.15	60.00% (+0.09)
Nov 07, 2024	2024 (Q3)	-0.11 / -0.10	-0.21	52.38% (+0.11)
Aug 08, 2024	2024 (Q2)	-0.13 / -0.11	-0.24	54.17% (+0.13)
May 08, 2024	2024 (Q1)	-0.15 / -0.14	-0.26	46.15% (+0.12)
Feb 15, 2024	2023 (Q4)	-0.18 / -0.15	-0.27	44.44% (+0.12)
Nov 08, 2023	2023 (Q3)	-0.22 / -0.21	-0.25	16.00% (+0.04)
Aug 08, 2023	2023 (Q2)	-0.25 / -0.24	-0.23	-4.35% (>-0.01)
May 09, 2023	2023 (Q1)	-0.28 / -0.26	-0.28	7.14% (+0.02)

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 07, 2025, After Close (Confirmed).

What is Backblaze (BLZE) earnings time?

Backblaze (BLZE) earnings time is at Aug 07, 2025, After Close (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.

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