NASDAQ$BLZE
Backblaze Inc · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Backblaze Inc reported Q2 2025 revenue of $36.3 million with a narrowed net loss of $7.1 million.
Backblaze delivered 16% year-over-year revenue growth in Q2 2025 driven by strong B2 Cloud Storage performance. The company narrowed its net loss and operating loss compared to the prior year while maintaining high customer retention rates. Gross margin improved to 63% supported by operational efficiencies.
- Total revenue reached $36.3 million, up 16% year-over-year, with B2 Cloud Storage contributing $19.8 million.
- Net loss narrowed to $7.1 million from $10.3 million in Q2 2024, and loss per share improved to $(0.13).
- B2 Cloud Storage ARR grew to $80.7 million and total company ARR reached $145.9 million as of quarter end.
- Gross margin expanded to 63% and net revenue retention rate stood at 109%.
Headline financials
Revenue & EPS history
Backblaze · Revenue · Quarterly
$36.3M
Revenue by segment
Backblaze · $36.3M total across 2 segments · Q2 2025
- B2 Cloud Storage$19.8M—54.7%
- Computer Backup$16.5M—45.3%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
-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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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 | — | — | — |
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