Backblaze BLZE 2025Q2 Earnings Preview Upside Potential on Revenue Growth Forecast

Forward-Looking Analysis
Backblaze is expected to release its 2025Q2 earnings report on August 7th, with projections indicating promising growth. Analysts forecast revenue of $35.42 million, marking a year-on-year increase of 13.21%. The anticipated EPS stands at -$0.178, showing a significant improvement from the previous year's EPS of -$1.02, narrowing the loss by 28.69%. This aligns with broader predictions of a 44.3% annual EPS growth. Backblaze's revenue is projected to reach $145.2 million in 2025, reflecting a 9.8% growth. The company continues to benefit from robust growth in its B2 Cloud Storage segment, which recorded a revenue increase of 23% in Q1 2025. Analysts are optimistic, expecting a consistent annual growth rate of 30% in earnings and 13% in revenue, bolstered by positive guidance from previous quarters and strategic expansion in cloud storage services.

Historical Performance Review
In 2025Q1, Backblaze reported revenue of $34.61 million and a net income of $-9.32 million. The company achieved a gross profit of $19.26 million, with an EPS of -$0.17, surpassing expectations. This performance reflected a strong growth trajectory, supported by a 15% overall revenue increase, while the B2 Cloud Storage segment experienced a substantial 23% growth. These results have set a positive precedent for the upcoming quarter's expectations.

Additional News
Backblaze has seen a notable rise in stock price following its strong Q4 performance and optimistic guidance for Q1. The company is anticipated to release its next earnings report on August 11, 2025. Analysts covering Backblaze predict revenue of $145.2 million for 2025, indicating a 9.8% growth if achieved. Furthermore, Backblaze has maintained a steady trajectory in its cloud storage services, contributing to the forecasted 23% revenue growth in its B2 Cloud Storage segment. Overall, Backblaze's strategic focus on expanding its cloud services portfolio continues to drive its positive outlook.

Summary & Outlook
Backblaze exhibits a solid financial health trajectory, driven by promising revenue and EPS growth forecasts. The company is benefiting from strong performance in its B2 Cloud Storage segment, contributing to its overall optimistic growth outlook. Key growth catalysts include strategic expansions and favorable analyst predictions, with a projected annual EPS increase of 44.3%. Despite past losses, the narrowing deficit and robust revenue forecasts suggest a bullish future. The company’s strategic positioning in the cloud storage market and consistent growth metrics underpin its positive financial prospects.