Backblaze FY 2025 adjusted EBITDA jumps 144% to USD 31.76 million, revenue rises 14% to USD 145.84 million

Reuters03-11

Backblaze FY 2025 adjusted EBITDA jumps 144% to USD 31.76 million, revenue rises 14% to USD 145.84 million

Backblaze reported FY 2025 revenue of USD 145.84 million, up 14%, driven by a 26% increase in B2 Cloud Storage revenue to USD 79.9 million. Net loss for FY 2025 narrowed to USD 25.61 million, while loss from operations was USD 23.62 million. FY 2025 gross margin rose to 61% from 54%, reflecting higher revenue and lower fixed costs including reduced depreciation expense following an extension of infrastructure equipment useful lives. Adjusted EBITDA for FY 2025 was USD 31.76 million, and adjusted EBITDA margin was 22% versus 10%. The company ended FY 2025 with cash, cash equivalents and marketable securities of USD 51.4 million, and had no outstanding borrowings on its USD 20 million revolving credit facility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Backblaze Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-016395), on March 10, 2026, and is solely responsible for the information contained therein.

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