Backblaze, Inc. Stock Price, News & Analysis

Backblaze (NASDAQ: BLZE) has released its Q1 2025 Drive Stats report, analyzing the reliability of 317,833 hard drives managing over four exabytes of data across its global data centers. Key findings include:

The quarterly failure rate slightly increased from 1.35% to 1.42%, with detailed AFR statistics for 26 drive models. Four models achieved zero failures, including a 4TB HGST drive and three Seagate models (8TB, 12TB, and 14TB). High-capacity drives (20TB+) demonstrated superior performance with a 0.72% AFR, though these drives are less than a year old.

The company implemented a new data analysis process using Backblaze B2 Cloud Storage, Snowflake, and Trino for optimized data collection. The raw data is freely available for download, contributing to the industry's largest public dataset on hard drive reliability.

Backblaze (NASDAQ: BLZE) has announced a private preview program for its new enterprise web console, introducing enhanced security features and management capabilities for B2 Cloud Storage. The new console includes role-based access controls (RBAC), mandatory multi-factor authentication (MFA), and streamlined user administration.

Key features include the ability to create buckets in any region within an organization, enabling data redundancy, optimized global performance, and compliance with data residency requirements. The platform supports SSO and SCIM integrations for comprehensive user base management. The enterprise web console will enter private preview in the coming weeks, with general availability planned for later in 2025.

Backblaze (NASDAQ: BLZE), a cloud storage innovator, has announced its participation in the 20th Annual Needham Technology, Media & Consumer Conference in New York. CEO Gleb Budman will engage in a fireside chat on Tuesday, May 13, 2025, at 3:45 p.m. ET. The discussion will be available via live webcast, with both live and archived versions accessible through Backblaze's investor relations website at ir.backblaze.com.

Backblaze (NASDAQ: BLZE) reported strong Q1 2025 financial results with 15% year-over-year revenue growth to $34.6 million. The company's B2 Cloud Storage revenue grew 23% YoY to $18.0 million, while Computer Backup revenue increased 8% to $16.6 million. Notably, Backblaze secured its largest-ever multi-year, multi-million dollar contract and launched B2 Cloud Storage Overdrive for AI workloads.

Financial highlights include improved gross profit margin of 56% (up from 53% in Q1 2024), reduced net loss of $9.3 million (vs $11.1 million), and Adjusted EBITDA of $6.4 million (18% of revenue). The company's Annual Recurring Revenue (ARR) reached $140.8 million, with B2 Cloud Storage ARR growing 24% YoY to $73.8 million. For full-year 2025, Backblaze expects revenue between $144.0-146.0 million and raised its Adjusted EBITDA margin guidance to 17-19%.

Backblaze has launched B2 Overdrive, a groundbreaking cloud storage solution offering terabit-speed throughput at $15 per terabyte. This new service targets organizations requiring extreme data processing capabilities for AI, machine learning, and high-performance computing workloads.

Key features include:

• Sustained throughput up to one terabit per second
• Unlimited free data egress
• Private networking support
• Exabyte-scale storage capacity

The solution addresses the common industry challenge of balancing performance with cost-effectiveness. B2 Overdrive is now available for organizations with multi-petabyte workloads, supporting various applications including AI/ML training, data analytics, media processing, and content delivery. The platform enables seamless integration with GPU clouds and compute clusters while eliminating complex pricing tiers and egress fees common among traditional providers.

Backblaze (Nasdaq: BLZE), a cloud storage innovator, has scheduled the release of its first quarter 2025 financial results on Wednesday, May 7, 2025 after market close. The 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. An archive of the webcast will be made available on the company's Investor Relations page shortly after the event.

Backblaze (BLZE) has won the NAB Show 2025 Product of the Year Award in the Cloud Computing and Storage category for their innovative Scalable Application Keys feature in Backblaze B2 Cloud Storage. The new feature enables organizations to generate and refresh up to 10,000 unique data access keys per minute, representing a 150x increase in key generation capacity.

The technology specifically benefits organizations managing large networks of cameras and devices, allowing each camera, drone, IoT device, or endpoint to have its own short-lived access keys for enhanced security. Early adopters include video surveillance platforms managing tens of thousands of cameras and privacy-focused photo and video applications.

Backblaze (BLZE) has announced a strategic partnership with PureNodal to deliver enterprise-grade solutions for AI and high-performance computing (HPC) workloads. The collaboration combines PureNodal's AI-optimized compute platform with Backblaze's B2 Cloud Storage to create a cost-effective and efficient solution.

The partnership introduces PureNodal Object Storage, Powered By Backblaze, which is designed to help enterprises store and access large volumes of unstructured data. The solution integrates PureNodal's cloud fabric, low-latency software-defined networking (SDN), and high-performance infrastructure with Backblaze's storage capabilities to provide a scalable foundation for resource-intensive workloads like AI model training, data analytics, and media rendering.

Backblaze (BLZE) has announced a series of technology and channel partner showcases at the upcoming National Association of Broadcasters (NAB) Show, scheduled for April 6-8, 2025. The company will host demonstrations at booth SL7616, featuring collaborations with multiple technology partners to showcase cloud storage and AI solutions for media professionals.

The showcase includes presentations from eleven partner companies including PureNodal, Twelve Labs, Mimir, IOMOVO, Iconik, Chesa, Suite Studios, CatDV, Axle.ai, and CuttingRoom. These sessions will demonstrate various solutions combining Backblaze's storage capabilities with specialized media production tools, focusing on AI semantic search, live production, digital asset management, and collaborative video production workflows.

The presentations are open to all NAB exhibition hall badge holders, with opportunities for attendees to book meetings and demos to discuss specific production requirements.