Backblaze (BLZE) Q2 Revenue Jumps 16%

Backblaze (NASDAQ:BLZE), the independent cloud storage platform provider, reported its financial results for the second quarter of fiscal 2025 on August 7, 2025. Backblaze topped analyst expectations, reporting GAAP revenue of $36.3 million for Q2 2025 (beating the $35.4 million consensus) and achieving Non-GAAP EPS of $0.01, better than the expected loss of $0.05. The quarter saw material growth in the B2 Cloud Storage segment, with revenue increasing 29% year-over-year and a significant improvement in key profitability metrics, including adjusted EBITDA margin rising to 18%. Despite ongoing losses under standard accounting (GAAP net loss) and negative adjusted free cash flow, the period showed clear signs of progress toward operational leverage and the company’s stated goal of reaching positive adjusted free cash flow by late FY2025. Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. Backblaze provides cloud-based storage solutions for businesses and consumers. Its main products are B2 Cloud Storage, a scalable data storage service for enterprises and developers, and Computer Backup, an online backup product for individuals and small businesses. The business runs its own purpose-built infrastructure to deliver simple, transparent, and cost-effective storage at scale.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool