Backblaze Q2 revenue $36.3M (+16% YoY); B2 storage growth accelerates to 29%; raises FY2025 guidance

Backblaze, Inc.

2025-Q2 EPS reported -$0.30 revenue$70,911,000

Revenue $36.3M (+16% YoY); B2 Cloud Storage revenue $19.8M (+29% YoY); Computer Backup revenue $16.5M (+4% YoY).
Adjusted EBITDA $6.6M (18% margin) vs $2.7M (9%) in Q2 2024; non-GAAP net income $0.8M vs loss $4.8M.
Full-year 2025 revenue guidance raised to $145-147M from $144-146M; Q3 revenue guidance $36.7-37.1M.
Board authorized $10M stock repurchase program over 12 months, cash-neutral (funded by option exercises and ESPP).
Customers >$50K ARR grew 53% YoY; first six-figure B2 Overdrive customer signed in early Q3.

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