Backblaze Inc. Reports 15% Revenue Growth in Q1 2025, Net Loss Narrows to $9.3 Million

Reuters

2025/05/08

Backblaze Inc. Reports 15% Revenue Growth in Q1 2025, Net Loss Narrows to $9.3 Million

Backblaze Inc. has announced its financial results for the first quarter of 2025, revealing a 15% increase in revenue year-over-year, totaling $34.6 million. The company's B2 Cloud Storage segment saw a robust 23% growth, with revenue reaching $18.0 million, while the Computer Backup segment grew by 8% to $16.6 million. Gross profit for the quarter was reported at $19.3 million, representing 56% of revenue, an improvement from 53% in the same quarter of the previous year. Adjusted gross profit came in at $27.3 million, or 79% of revenue, up from 77% in Q1 2024. The net loss decreased to $9.3 million from $11.1 million in Q1 2024. In terms of business developments, Backblaze launched the B2 Cloud Storage Overdrive, a high-performance solution tailored to AI customer demands, and signed its largest contractual commitment to date, a multi-million dollar contract over multiple years, indicating a deepening commitment to the AI space and prospects for future growth.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-023132), on May 07, 2025, and is solely responsible for the information contained therein.

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Reports 15% Revenue Growth in Q1 2025, Net Loss Narrows to $9.3 Million","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Backblaze Inc. Reports 15% Revenue Growth in Q1 2025, Net Loss Narrows to $9.3 Million\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Backblaze Inc. has announced its financial results for the first quarter of 2025, revealing a 15% increase in revenue year-over-year, totaling $34.6 million. The company's B2 Cloud Storage segment saw a robust 23% growth, with revenue reaching $18.0 million, while the Computer Backup segment grew by 8% to $16.6 million. Gross profit for the quarter was reported at $19.3 million, representing 56% of revenue, an improvement from 53% in the same quarter of the previous year. 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Reports 15% Revenue Growth in Q1 2025, Net Loss Narrows to $9.3 Million\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-05-08 04:03</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Backblaze Inc. Reports 15% Revenue Growth in Q1 2025, Net Loss Narrows to $9.3 Million\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Backblaze Inc. has announced its financial results for the first quarter of 2025, revealing a 15% increase in revenue year-over-year, totaling $34.6 million. The company's B2 Cloud Storage segment saw a robust 23% growth, with revenue reaching $18.0 million, while the Computer Backup segment grew by 8% to $16.6 million. Gross profit for the quarter was reported at $19.3 million, representing 56% of revenue, an improvement from 53% in the same quarter of the previous year. Adjusted gross profit came in at $27.3 million, or 79% of revenue, up from 77% in Q1 2024. The net loss decreased to $9.3 million from $11.1 million in Q1 2024. In terms of business developments, Backblaze launched the B2 Cloud Storage Overdrive, a high-performance solution tailored to AI customer demands, and signed its largest contractual commitment to date, a multi-million dollar contract over multiple years, indicating a deepening commitment to the AI space and prospects for future growth.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-023132), on May 07, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BLZE","symbol_name":"Backblaze, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250507:nNDL7Xm5y2:1","article_id":"2533664099","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533664099","pubTimestamp":1746648203,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Backblaze Inc. has announced its financial results for the first quarter of 2025, revealing a 15% increase in revenue year-over-year, totaling $34.6 million. 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The company's B2 Cloud Storage segment saw a robust 23% growth, with revenue reaching $18.0 million, while the Computer Backup segment grew by 8% to $16.6 million. Gross profit for the quarter was reported at $19.3 million, representing 56% of revenue, an improvement from 53% in the same quarter of the previous year. Adjusted gross profit came in at $27.3 million, or 79% of revenue, up from 77% in Q1 2024. The net loss decreased to $9.3 million from $11.1 million in Q1 2024. In terms of business developments, Backblaze launched the B2 Cloud Storage Overdrive, a high-performance solution tailored to AI customer demands, and signed its largest contractual commitment to date, a multi-million dollar contract over multiple years, indicating a deepening commitment to the AI space and prospects for future growth.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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