Backblaze Q1 revenue up 15% YoY to $34.6M; raises FY 2025 adjusted EBITDA margin guidance to 17-19%

Backblaze, Inc.

2025-Q1 EPS reported -$0.17 revenue$34,613,000

B2 Cloud Storage revenue grew 23% YoY to $18.0M; Computer Backup revenue up 8% to $16.6M.
Net loss narrowed to $9.3M from $11.1M; adjusted EBITDA swung to $6.4M (18% of revenue) vs $1.9M (6%) last year.
Signed its largest multi-million dollar, multi-year contractual commitment in Q1.
Full-year 2025 revenue guidance raised to $144M-$146M; adjusted EBITDA margin outlook increased to 17%-19%.
Responded to a false short-and-distort report; independent review found no wrongdoing.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.