Backblaze reported Q4 FY2025 revenue of USD 37.8 million (+12% YoY), driven by B2 Cloud Storage revenue of USD 21.3 million (+24% YoY), while Computer Backup revenue was USD 16.5 million (flat YoY). Q4 gross profit was USD 23.4 million (62% margin) and adjusted gross profit was USD 30.1 million (80% margin). Q4 net loss was USD 5.4 million, or USD 0.09 per share, while adjusted EBITDA was USD 10.4 million (28% margin). Cash flow from operations was USD 9.3 million and adjusted free cash flow was USD 4.1 million (11% margin), with cash, cash equivalents and marketable securities of USD 51.4 million at Dec. 31, 2025. For FY2025, Backblaze posted revenue of USD 145.8 million (+14% YoY), including B2 Cloud Storage revenue of USD 79.9 million (+26% YoY) and Computer Backup revenue of USD 65.9 million (+3% YoY). FY2025 net loss was USD 25.6 million, adjusted EBITDA was USD 31.8 million (22% margin), operating cash flow was USD 23.5 million, and adjusted free cash flow was USD 5.4 million (outflow). Operationally, Q4 ARR was USD 154.4 million (+13% YoY) and net revenue retention rate was 105% (vs. 116% in Q4 FY2024). Backblaze highlighted launching B2 Neo for neocloud providers, signing a record eight-figure total contract value neocloud deal, and introducing the Backblaze Flamethrower startup program; the company also said ARR from customers generating more than USD 50,000 annually rose to USD 26 million (+73% YoY) and noted adjusted free cash flow turned positive in Q4 for the first time since going public. For Q1 FY2026, Backblaze guided revenue of USD 37.6 million to USD 38.0 million and adjusted EBITDA margin of 18% to 20%, and for FY2026 it guided revenue of USD 156.5 million to USD 158.5 million and adjusted EBITDA margin of 19% to 21%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Backblaze Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202602231605BIZWIRE_USPR_____20260223_BW076594) on February 23, 2026, and is solely responsible for the information contained therein.