NASDAQ$BLZE
Backblaze Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Backblaze reported strong fourth-quarter 2024 results with significant revenue growth in B2 Cloud Storage and overall, alongside improved profitability.
Backblaze announced robust financial results for Q4 2024, with total revenue increasing by 18% year-over-year to $33.8 million. B2 Cloud Storage revenue grew by 22%, and the company achieved a more than doubled Adjusted EBITDA margin of 14%.
- Total revenue for Q4 2024 reached $33.8 million, an 18% increase year-over-year.
- B2 Cloud Storage revenue grew by 22% year-over-year to $17.1 million, demonstrating strong segment performance.
- Adjusted EBITDA margin more than doubled to 14% in Q4 2024, up from 6% in Q4 2023, indicating improved operational efficiency.
- The company reported a net loss of $14.4 million, or $0.30 per share, in Q4 2024.
Headline financials
Revenue & EPS history
Backblaze · Revenue · Quarterly
$33.8M
Revenue by segment
Backblaze · $25.3M total across 2 segments · Q3 2023
- Computer Backup$13.7M+4.6%54.2%
- B2 Cloud Storage$11.6M+31.8%45.8%
Forward guidance
For Q1 2025, Backblaze expects revenue between $34.1 million and $34.5 million, with an Adjusted EBITDA margin of 13% to 15%. For the full year 2025, revenue is projected to be between $144.0 million and $146.0 million, and Adjusted EBITDA margin between 16% and 18%.
Tailwinds
- Projected Q1 2025 revenue of $34.1 million to $34.5 million.
- Anticipated Q1 2025 Adjusted EBITDA margin of 13% to 15%.
- Full-year 2025 revenue guidance of $144.0 million to $146.0 million.
- Full-year 2025 Adjusted EBITDA margin expected to be 16% to 18%.
- Strong YoY growth in B2 business projected for 2025, reaching 30%+ in Q4 2025.
Headwinds
- No specific negative forward guidance was provided in the report.
- The report does not detail potential challenges or risks that could impact future performance.
- No explicit mention of potential market headwinds or competitive pressures.
- No specific warnings about economic downturns or their impact on guidance.
- The guidance does not include any potential impacts from unforeseen operational issues.
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 Q4 2024
-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 |
|---|---|---|---|---|
| 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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