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.
Backblaze, Inc. reports developments in cloud storage, data protection, and infrastructure services for businesses, developers, managed service providers, and consumers. The company’s platform includes B2 Cloud Storage, an infrastructure-as-a-service cloud object storage offering, and Computer Backup, a software-as-a-service backup product.
Backblaze news commonly covers quarterly financial results, B2 growth trends, AI and data-intensive workloads, neocloud demand, media workflow partnerships, performance and network benchmark reports, channel recognition, leadership changes, and investor conference participation. Company updates also highlight use cases such as AI training data, generative media, application storage, cyber resilience, and critical data protection.
Backblaze (Nasdaq: BLZE) has announced a $10 million share repurchase program running through August 1, 2026. The program will be funded using cash proceeds from employee stock option exercises and Employee Stock Purchase Plan (ESPP) purchases, making it cash neutral for the company.
The company expects to become Adjusted Free Cash Flow positive in Q4 2025. The repurchase initiative aims to reduce equity dilution while preserving cash balance. Shares may be repurchased through open market transactions, private negotiations, or other means, including Rule 10b5-1 automatic purchase plans.
Backblaze (Nasdaq: BLZE) reported strong Q2 2025 financial results, with total revenue reaching $36.3 million, up 16% year-over-year. The company's B2 Cloud Storage segment showed exceptional performance with 29% YoY growth to $19.8 million, while Computer Backup revenue grew 4% to $16.5 million.
Key financial metrics include improved gross profit margin of 63%, adjusted EBITDA of $6.6 million (18% of revenue), and reduced net loss of $7.1 million. The company achieved non-GAAP net income of $0.8 million, marking a significant improvement from a $4.8 million loss in Q2 2024.
Notable operational highlights include scaling an AI customer to several million dollars in ARR, signing their first B2 Overdrive customer, and launching new enterprise cyber security features. The company secured a new $20M credit facility and authorized a $10M stock repurchase program.
Backblaze (Nasdaq: BLZE) reported strong Q2 2025 financial results, with total revenue reaching $36.3 million, up 16% year-over-year. The company's B2 Cloud Storage segment showed impressive growth of 29% YoY, generating revenue of $19.8 million, while Computer Backup revenue increased 4% YoY to $16.5 million.
Key financial metrics improved significantly, with gross profit margin expanding to 63% from 55% in Q2 2024. The company reduced its net loss to $7.1 million from $10.3 million year-over-year, while achieving non-GAAP net income of $0.8 million. Backblaze secured a new $20M credit facility and authorized a cash-neutral stock repurchase program of up to $10 million.
The company raised its full-year 2025 revenue guidance to $145.0-$147.0 million and expects to achieve Adjusted Free Cash Flow positivity in Q4. Notable operational highlights include signing their first six-figure B2 Overdrive customer and launching new enterprise cybersecurity features.
Backblaze (Nasdaq: BLZE) announced its participation at DefCon 33, where company representatives will present insights from managing over 4 exabytes of data across 300,000+ hard drives in their global data centers. The presentation, titled "Tracking 300k+ Drives: What We've Learned After 13 Years," will be delivered by Pat Patterson, Chief Technical Evangelist, and Stephanie Doyle, Writer and Content Strategist.
The session will showcase Backblaze's Drive Stats dataset, including recent improvements in data processing using Iceberg, Snowflake, and Trino. The presentations are scheduled for August 8 and 9, 2025, at the Las Vegas Convention Center's Data Duplication Village.
Backblaze (Nasdaq: BLZE) announced its Gold-level sponsorship of Ai4 2025, North America's largest AI industry conference, taking place August 11-13 in Las Vegas. The company will showcase its recently launched B2 Overdrive cloud storage solution, which offers up to 1Tbps throughput speeds for AI and HPC workflows.
At the conference, Backblaze will present a talk on AI infrastructure and scalability, and provide consultations at booth 226. The event is expected to attract 8,000+ attendees from over 80 countries at the MGM Grand.
Backblaze (Nasdaq: BLZE) has unveiled significant security enhancements to its cloud storage platform, introducing several key features to strengthen data protection and management capabilities. The update includes AI-powered Anomaly Alerts for detecting suspicious activities, a new enterprise web console with role-based access controls, and granular Bucket Access Logs for detailed operation tracking.
Additional features include Event Notifications for real-time alerts, Multi-Bucket Application Keys for improved access control, and Scalable Application Keys supporting up to 10,000 unique keys per minute. The platform also introduces Custom Upload Timestamps for maintaining data integrity and compliance requirements.
Backblaze (Nasdaq: BLZE) has launched Legal Hold, a new feature for its Computer Backup with Enterprise Control service. This feature enables businesses to preserve complete backup histories with a single click, addressing legal, regulatory, and HR data retention requirements without additional costs.
The Legal Hold feature includes key capabilities such as instant activation through the Enterprise Control console, background operation without system impact, unlimited version retention, and secure data encryption. The service offers instant file retrieval with encrypted drive delivery options and is immediately available to all Backblaze Computer Backup with Enterprise Control customers at no extra cost.
Backblaze (Nasdaq: BLZE) has announced a significant expansion of its data center presence in the US-East region, strengthening its position in the open cloud market. The expansion doubles the company's data footprint in the region, enhancing high-speed data transfer capabilities for B2 Overdrive customers and Internet2 community members.
The strategic growth specifically targets complex workflows in AI, high-performance compute (HPC), and media and entertainment sectors. Through the Internet2 peer exchange (I2PX) connection, customers can transfer data between US-East and US-West regions at high speeds, supporting cloud-first disaster recovery strategies and enhanced geographical diversity in data storage options.
Backblaze (Nasdaq: BLZE), a cloud storage provider, has scheduled its second quarter 2025 financial results announcement for Thursday, August 7, 2025, before market open. The company will host a conference call and webcast at 5:00 a.m. PT (8:00 a.m. ET) on the same day to discuss the results.
Interested parties can attend the webcast through the company's event portal or register to listen via phone. An archive of the webcast will be made available on the Backblaze Investor Relations website shortly after the event.