24/7 Market News Snapshot 07 August, 2025 – Backblaze, Inc. Class A Common Stock (NASDAQ:BLZE)

August 7, 2025

DENVER, Colo., 07 August, 2025 (www.247marketnews.com) – (Nasdaq:BLZE) are discussed in this article.
Backblaze, Inc. (Nasdaq:BLZE) is experiencing significant momentum in the market, evidenced by its current trading price of $6.350, a notable increase of 18.69% from the previous close of $5.350. With a trading volume of 1.08 million shares, this surge indicates heightened investor interest and suggests potential bullish momentum as the stock approaches resistance levels. Investors are advised to closely monitor technical indicators such as moving averages and the Relative Strength Index (RSI) for signs of possible retracement or consolidation following this upward move.

In parallel, Backblaze has reported impressive financial results for the second quarter of 2025, achieving a remarkable 29% year-over-year growth in its B2 Cloud Storage segment. The company’s overall revenue reached $36.3 million, reflecting a 16% increase compared to the same period last year. This solid performance underscores Backblaze’s position as a leading independent cloud storage provider.

CEO Gleb Budman expressed his enthusiasm for the company’s achievements, highlighting the acceleration in B2 revenue growth and the introduction of innovative cybersecurity offerings, such as AI-driven ‘Anomaly Alerts’. These enhancements are designed to meet the evolving needs of customers and bolster Backblaze’s competitive edge in the market.

Additional operational achievements include a 30% increase in customers contributing over $50,000 in Annual Recurring Revenue (ARR). Moreover, the company demonstrated improved financial performance by reducing its net loss from $10.3 million in Q2 2024 to $7.1 million in Q2 2025, showcasing resilience amid ongoing investments in innovation.

Looking ahead, Backblaze projects revenues for Q3 2025 to be between $36.7 million and $37.1 million and aims to become Adjusted Free Cash Flow positive by Q4 2025, reinforcing its commitment to sustainable growth in the cloud storage sector.

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