Welcome to our dedicated page for Backblaze news (Ticker: BLZE), a resource for investors and traders seeking the latest updates and insights on Backblaze stock.
Stay informed about the latest developments, financial results, and strategic initiatives from Backblaze Inc, the cloud storage and data backup platform provider. This news feed aggregates press releases, earnings announcements, product launches, partnership agreements, and market analysis related to BLZE stock.
Backblaze operates two primary business lines: B2 Cloud Storage, an S3-compatible object storage platform serving developers and enterprises, and Computer Backup, an automated backup service for individual users. The company competes in the rapidly evolving cloud infrastructure market, where demand for affordable, high-performance storage continues to grow, particularly for AI and machine learning applications.
Key topics covered in Backblaze news include quarterly and annual financial performance, revenue growth metrics for B2 Cloud Storage, customer acquisition and retention trends, pricing strategy updates, data center expansion announcements, technology partnerships with cloud compute and CDN providers, product feature releases, market share developments in the cloud storage sector, and strategic positioning against larger competitors. Additionally, coverage includes adoption trends in AI storage workloads, which represent a significant growth opportunity for the company.
Investors and analysts monitor Backblaze's ability to scale its customer base, particularly among enterprise clients, while maintaining its cost advantage and expanding gross margins. The company's transition toward profitability, cash flow generation, and balance between growth investments and operational efficiency are frequent subjects of financial analysis and earnings commentary.
Backblaze (NASDAQ: BLZE) has strengthened its partnership with CHESA to enhance creative workflows in the media and entertainment (M&E) sector. The collaboration combines Backblaze's cost-effective cloud storage infrastructure with CHESA's expertise in media workflow design.
The partnership aims to deliver three key benefits: enabling global team collaboration, streamlining workflows through tool integration, and ensuring content security through reliable storage solutions. The alliance includes partnerships with industry leaders like LucidLink and iconik to create a comprehensive ecosystem for creative processes.
The joint solution offers LucidLink's real-time cloud file access capabilities and iconik's cloud-native media asset management platform, powered by Backblaze's scalable cloud storage infrastructure. The companies will showcase their integrated solutions at the upcoming NAB Show in Las Vegas.
Backblaze (Nasdaq: BLZE), a cloud storage innovator, has announced its participation in the upcoming Citizens JMP Technology Conference in San Francisco. The company's CFO, Marc Suidan, will deliver a presentation on Tuesday, March 4, 2025, at 1:30 p.m. Pacific Time.
The presentation will be accessible via webcast, with both live and archived versions available through Backblaze's investor relations website at ir.backblaze.com. This event showcases Backblaze's commitment to engaging with the investment community while positioning itself as a modern alternative to traditional cloud providers.
Backblaze (BLZE) reported strong Q4 2024 financial results with 18% year-over-year revenue growth to $33.8 million. B2 Cloud Storage revenue grew 22% to $17.1 million, while Computer Backup revenue increased 13% to $16.7 million.
Key Q4 metrics include gross profit of $18.5 million (55% margin), adjusted EBITDA of $4.6 million (14% margin), and a net loss of $14.4 million. The company achieved notable success with AI customers, reporting 65% YoY growth and 3 AI companies among their top 10 customers.
For full-year 2024, total revenue reached $127.6 million, up 25% YoY, with B2 Cloud Storage revenue growing 36% to $63.3 million. The company secured a significant customer deal exceeding $1 million in annual contract value and completed a secondary offering raising $37 million in net proceeds.
Backblaze (BLZE) and Kandji have announced a strategic partnership to provide comprehensive device management and data protection for businesses. The integration combines Kandji's Apple endpoint management platform with Backblaze's cloud backup services.
The partnership enables customers to:
- Deploy Backblaze effortlessly using Kandji's automated workflows
- Enhance data security through reliable cloud backup
- Scale solutions for organizations of all sizes
- Reduce IT overhead via a unified platform
The collaboration has already shown success in Apple-focused IT environments, with managed IT provider Foojee reporting benefits including Help Desk time savings, increased security, and improved reliability. The integration aims to streamline device management and data protection while providing Mac-native solutions that prioritize simplicity and security.
Backblaze (NASDAQ: BLZE) has been recognized as a Leader in G2's Winter 2025 Report, securing over 15 badges across multiple categories. The company received notable recognition for Best Estimated ROI in Object Storage Solutions, High Performer in Storage Management, Fastest Implementation for Storage Management, and Leader status in Online Backup and Disaster Recovery.
The company's performance in G2's Winter 2025 Report demonstrates strong customer satisfaction across key operational areas, including ease of use, implementation speed, and support quality. These recognitions are particularly significant as they are based on authentic reviews and ratings from business professionals, requiring a minimum of ten reviews and five responses for usability-related qualifications.
Backblaze (Nasdaq: BLZE) has announced it will release its fourth quarter and full year 2024 financial results on Tuesday, February 25, 2025, after market close. The cloud storage company will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) on the same day to discuss the results. Interested parties can attend the webcast or register to listen via phone, with dial-in information to be provided via email to registrants. An archive of the webcast will be made available on the company's Investor Relations page shortly after the event.
Backblaze (NASDAQ: BLZE) has announced the Winter Release of its B2 Cloud Storage platform, introducing significant updates to enhance enterprise security and streamline data workflows. The release includes several key features: Scalable Application Keys allowing generation of up to 10,000 unique data access keys per minute, Scoped Application Keys for more nuanced access control, and a strengthened Command Line Interface with improved security features.
The update also introduces Event Notifications for automated workflow triggers, Custom Upload Timestamps for maintaining original file metadata during migrations, and IPv6 support. The platform, which serves over 100,000 businesses, now includes a Partner API for automated trial account provisioning and various under-the-hood improvements for enhanced system efficiency and service stability. All features are available across all Backblaze global regions, including the new Canada East data region.
Backblaze (Nasdaq: BLZE) has announced the opening of a new data region in Toronto, Ontario, marking a significant expansion into the Canadian market. The Canada East (CA East) region aims to serve the rapidly growing Canadian cloud services market, which is expected to grow at a CAGR of nearly 20%.
The expansion addresses increasing demands from industries such as healthcare, finance, and government, particularly focusing on data sovereignty requirements. Backblaze has partnered with Opti9 Technologies, Canada's largest Veeam Cloud Service Provider, as the exclusive Canadian channel for Backblaze B2 Reserve and the Powered by Backblaze program.
The new facility is designed to ensure compliance with local regulations while offering cloud storage solutions at competitive prices compared to larger providers. This move aligns with the growing trend toward multi-cloud and hybrid cloud strategies, emphasizing open, interoperable solutions that avoid vendor lock-in.
Backblaze (BLZE) has announced equity awards granted on November 29, 2024, as inducement to employment for two key executives. Marc Suidan, Chief Financial Officer, received 300,000 restricted stock units (RSUs), while Jason Wakeam, Chief Revenue Officer, received 112,740 RSUs.
The RSUs, granted under the company's 2024 New Employee Equity Incentive Plan, will vest 25% on August 20, 2025, with the remaining portions vesting quarterly over the subsequent 4 years, contingent on continued employment. These awards were approved by Backblaze's Compensation Committee in compliance with Nasdaq Listing Rule 5635(c)(4).
Backblaze (BLZE) announced a presentation at the Sports Video Group Summit featuring a case study with the Philadelphia Eagles on cloud-based media production. The presentation will showcase how the Eagles implemented a fast, cloud-based media workflow using Backblaze B2 Cloud Storage, Mimir asset management software, and Quantum shared file system. The team successfully replaced LTO tape storage with cloud storage, enabling immediate access to historical footage and improving content production efficiency within 48 hours after games. The solution enhanced content sharing with external vendors and streamlined media operations.
FAQ
What is the current stock price of Backblaze (BLZE)?
What is the market cap of Backblaze (BLZE)?
