Symbols

BLZE

Backblaze·NASDAQ

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BLZE fundamentals

BLZE Q4 2025 Earnings

Backblaze (BLZE) released its earnings on Feb 23, 2026: revenue was 37.65M (YoY +11.44%), missed estimates; EPS was 0.03 (YoY +150.00%), beat estimates.

Revenue / YoY

37.65M

+11.44%

EPS / YoY

0.03

+150.00%

Report date

Feb 23, 2026

BLZE Earnings Call Summary for Q4,2025

Cash Flow Milestone: Achieved first-time adjusted free cash flow positivity in Q4 2025 with $4 million, 11% of revenue.
Neocloud Breakthrough: Secured $15 million+ TCV deal with a Neocloud, part of a $14 billion market by 2030, with delayed revenue impact until 2027.
AI Growth Engine: AI-driven customers grew 75% YoY, contributing faster expansion with 3x average customer growth rates.
Financial Guidance: 2026 revenue $156.5-$158.5 million, B2 growth 20% YoY, adjusted EBITDA margin 19%-21%, despite 200bps gross margin headwinds.
Strategic Initiatives: Launched B2 Neo, Flamethrower startup program, and leadership hires to accelerate go-to-market transformation.

Earnings

EPS

Revenue

Revenue & Expenses

BLZE has released its 2025 Q4 earnings report, with revenue of 37.76M, reflecting a YoY change of 11.77%, and net profit of -5.41M, showing a YoY change of 62.35%. The Sankey diagram below clearly presents BLZE's revenue sources and cost distribution.

Key Indicators

Backblaze (BLZE) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

Backblaze (BLZE)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

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Breakdown

Balance Sheet

Backblaze (BLZE)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

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Breakdown

Cash Flow

Backblaze (BLZE)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

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