Backblaze Q2 revenue up 16% to $36.3M; B2 growth accelerates to 29%; raises FY2025 revenue guidance

Backblaze, Inc.

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

Revenue $36.3M (+16% YoY); B2 Cloud Storage $19.8M (+29% YoY); Computer Backup $16.5M (+4% YoY).
Net loss narrowed to $7.1M ($0.13 loss/share) from $10.3M ($0.25 loss) in Q2 2024; Adjusted EBITDA $6.6M (18% margin) vs $2.7M (9%).
FY2025 revenue guidance raised to $145-147M (from $144-146M); Q3 revenue guided $36.7-37.1M with 17-19% adjusted EBITDA margin.
ARR $145.9M (+16% YoY); B2 ARR $80.7M (+29% YoY); NRR 109% overall, B2 NRR 112%.
Authorized $10M stock repurchase program (cash-neutral from employee options) and secured new $20M credit facility.

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