Backblaze, Inc. earnings

Backblaze closed FY2026 Q2 with revenue of $42.7 million, up 17.7% year over year. Gross profit was $26.8 million, up 16.5%. Gross margin was 62.8%, down 0.7 percentage points from the prior-year quarter. The company reported an operating loss of $4.2 million, an improvement of 33.1% as the loss narrowed.

Backblaze reported first quarter 2026 total revenue of $38.67 million, up 11.7% from the prior-year quarter. Gross profit rose 22.2% to $23.53 million, and gross margin was 60.9%, up 5.2 percentage points. The company still posted an operating loss, but it narrowed 39.0% to $5.35 million.

Backblaze closed fiscal 2025 with fourth-quarter revenue of $37.8 million, up 11.8% from the prior-year quarter, and full-year revenue of $145.8 million, up 14.3%. Growth is coming almost entirely from B2 Cloud Storage, where revenue rose 24% year over year.

Backblaze's third quarter revenue was $37.2 million, up 14% from the prior-year quarter. Gross profit rose 29.6% to $23.1 million. Gross margin expanded to 62.1% from 54.6%. The operating loss narrowed to $3.32 million from $12.2 million. Net loss narrowed to $3.78 million from $12.8 million.

Backblaze closed the second quarter of fiscal 2025 with revenue of $36.3 million, up 16.0% from the prior-year quarter. B2 Cloud Storage revenue grew 29% and Computer Backup revenue grew 4%. Gross profit climbed to $23.0 million, up 33.7%, while gross margin expanded to 63.5% from 55.1%.

Backblaze opened fiscal 2025 with first-quarter revenue of $34.6 million, up 15% from the prior-year quarter. Total company growth came alongside faster growth in B2 Cloud Storage, up 23% year over year, while Computer Backup grew 8%.

Backblaze closed fiscal 2024 with Q4 revenue of $33.8 million, an 18% increase year over year. Full-year revenue reached $127.6 million, up 25%. B2 Cloud Storage crossed over 50% of company sales, a threshold that marks the fastest-growing offering as the dominant part of the business.

Backblaze reported third quarter revenue of $32.6 million, up 28.8% from the prior-year quarter, and nine-month revenue of $93.8 million, up 28.1%. Gross profit was $17.8 million, and gross margin reached 54.6%, up from 46.5% a year earlier. The company remains unprofitable.

Backblaze started FY2024 Q2 with $31.3 million of revenue, up 27.2% from the prior-year quarter. Gross profit rose 43.0% to $17.2 million, and gross margin expanded to 55.1%, up 6.1 percentage points. The company still posted an operating loss of $9.8 million, but that was narrower than the prior-year quarter.

Backblaze reported first-quarter revenue of $29.97 million, up 28.1% from the prior-year quarter. Gross profit rose 44.1% to $15.81 million. Gross margin was 52.8%, up 5.9 percentage points. The operating loss narrowed to $10.51 million. The net loss narrowed to $11.05 million.

Backblaze ended 2023 with revenue of $28.74 million for the fourth quarter, up 25.3% from the prior-year quarter. Gross profit for the quarter was $15.08 million, and gross margin was 52.5%, up 1.4 percentage points from the prior-year quarter.

Backblaze's third quarter showed solid top-line momentum but continued bottom-line strain. Revenue rose 14.7% to $25.3 million. Annual recurring revenue crossed the $100 million milestone at $100.9 million, up 15% year over year.

Backblaze closed the second quarter of fiscal 2023 with revenue of $24.59 million, up 18.9% from the prior-year quarter, and year-to-date revenue of $47.98 million, up 19.4%.

Backblaze reported first-quarter 2023 revenue of $23.39 million, up 20% from the prior-year quarter. Gross profit rose 11.8% to $10.97 million. Gross margin slipped to 46.9%, down 3.4 percentage points. The operating loss widened to $16.80 million, and the net loss widened to $17.11 million.

Backblaze closed fiscal 2022 with fourth quarter revenue of $22.9 million, up 22.6% from the prior-year quarter. Full-year revenue reached $85.2 million, up 26.2%. Gross profit was $11.7 million in the fourth quarter, up 19.0%, and $43.9 million for the full year, up 27.7%.

Backblaze released preliminary third-quarter 2022 results on October 24, 2022, ahead of an investor conference. Management pointed to strength in B2 Cloud Storage, which grew more than 45% year over year, as the main driver.

Backblaze posted revenue of $20.7 million for the second quarter of 2022, up 28.1% from the prior-year quarter. Gross profit grew faster, rising 35.4% to $11.1 million, and gross margin expanded to 53.8% from 50.9%. Storage demand carried the top line.

Backblaze's first quarter of fiscal 2022, ended March 31, 2022, delivered strong top-line growth but a much wider loss. Revenue increased 27.3% to $19.49 million from $15.31 million in the prior-year quarter. Management described the growth as an acceleration from 24% in the same period a year ago.

Backblaze closed its first year as a public company with fourth-quarter revenue of $18.7 million, up 28.2% from the prior-year quarter. Full-year revenue was $67.5 million, up 25.5% from the prior year.

Backblaze closed its first quarter as a public company shortly after the September period ended. Third quarter revenue was $17.32 million, up 25.4% from a year earlier. The storage cloud platform grew on both B2 Cloud Storage and Computer Backup, according to key business metrics.