NASDAQ$BLZE

Backblaze Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Backblaze reported Q1 2025, revenue of $34.6M, a net loss of $8.2M, diluted EPS of ($0.24).

For Q1 2025, Backblaze reported revenue of $34.6M, a net loss of $8.2M, diluted EPS was ($0.24). The filing highlights segment performance, liquidity, and management commentary on the period.

  • Revenue $34.6M.
  • Net loss $8.2M.
  • Diluted EPS ($0.24).

Headline financials

Total Revenue

$34.6M

Previous: $30M+15.5%
EPS (adj)

-$0.24

Previous: -$0.27+11.1%
Annual Recurring Revenue

$141M

No prior period
B2 Cloud Storage ARR

$73.8M

No prior period
Computer Backup ARR

$67M

No prior period
Net Revenue Retention Rate

113.0%

Previous: 112.0%+0.9%
B2 Cloud Storage NRR

117.0%

Previous: 126.0%-7.1%
Computer Backup NRR

108.0%

Previous: 101.0%+6.9%
Gross Customer Retention

90.0%

Previous: 91.0%-1.1%
B2 Cloud Storage Gross Retention

89.0%

Previous: 89.0%+0.0%
Computer Backup Gross Retention

90.0%

Previous: 91.0%-1.1%
Capital Expenditures

-$503K

Previous: -$423K-18.9%
Net Income

-$9.32M

Previous: -$11.1M+15.6%
Operating Income

-$8.92M

Previous: -$10.5M+15.1%
Gross Profit

$19.3M

Previous: $15.8M+21.8%

Revenue & EPS history

Backblaze · Revenue · Quarterly

$34.6M

Q1 2025+15.5%vs Q1 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Backblaze · $25.3M total across 2 segments · Q3 2023

  • Computer Backup
    $13.7M+4.6%
  • B2 Cloud Storage
    $11.6M+31.8%

Forward guidance

Management discusses operating priorities, capital allocation, and sector risks in the quarterly filing.

Tailwinds

  • Headline results and segment trends anchor the quarter.
  • Liquidity and balance-sheet capacity support operations.
  • Strategic initiatives outlined in MD&A.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items affect year-over-year comparability.
  • Execution risk on growth or restructuring plans.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-3.2%

Avg return

Earnings day

-1.9%

Avg return

5 days after

-5.3%

Avg return

30 days after

36%

8 / 22 earnings

Positive

+42.7%

Q4 2023

Best reaction

-35.7%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.5%+68.1%+78.4%
Q4 2025-15.3%-14.0%-19.7%
Q3 2025-6.3%-12.0%-19.3%
Q1 2025+16.0%+17.9%+25.7%
Q4 2024+5.5%-5.1%-21.5%
Q3 2024-14.1%-13.0%-13.9%
Q2 2024+26.4%+24.1%+12.5%
Q1 2024-23.3%-25.3%-38.4%
Q4 2023+42.7%+41.6%+21.1%
Q3 2023+1.8%+7.5%+43.3%
Q2 2023-14.8%-14.8%+34.4%
Q1 2023-1.4%+2.4%-2.2%
Q4 2022+13.8%+2.0%-17.0%
Q3 2022-5.5%+3.2%+11.2%
Q2 2021-3.6%-3.2%-17.9%
Q2 2022+1.6%+9.2%-11.2%
Q1 2021-7.8%-5.2%-9.8%
Q1 2022-24.7%-32.3%-40.1%
Q4 2021-35.7%-32.4%-25.9%
Q4 2020-12.8%-19.7%-36.7%
Q3 2020-12.8%-19.7%-36.7%
Q3 2021-4.6%-20.4%-33.2%
Q2 2020
Q1 2020

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro