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), a leader in cloud storage innovation, has demonstrated remarkable upward momentum in stock performance and financial results. Today, the company’s Class A Common Stock opened at $5.665, reaching as high as $6.402, a notable increase of 19.66% from the previous close of $5.350. This rise reflects robust investor interest, with a trading volume of 967.93K that indicates positive market sentiment surrounding the company.

In its second quarter financial report for the period ending June 30, 2025, Backblaze revealed a substantial 29% growth in B2 Cloud Storage revenue, signaling its commitment to innovation and customer satisfaction. The company achieved total revenue of $36.3 million, marking a 16% year-over-year increase. B2 Cloud Storage revenue stood at $19.8 million and Computer Backup revenue rose to $16.5 million. Furthermore, the gross profit margin improved to 63%, significantly up from 55% the year prior, with an adjusted EBITDA of $6.6 million, indicating an 18% margin.

CEO Gleb Budman highlighted the importance of ongoing growth and operational expansion, emphasizing the 30% increase in customers contributing over $50,000 in Annual Recurring Revenue (ARR). To reinforce data protection measures, Backblaze introduced new cybersecurity features, including AI-powered ‘Anomaly Alerts,’ which enhance its service offerings and competitive positioning.

With a recently secured $20 million credit facility aimed at boosting financial flexibility, Backblaze anticipates full-year revenue projections of $145 million to $147 million, reflecting the company’s adaptive strategies in the cloud storage market. Stakeholders can expect further insights during the upcoming Q3 financial call as Backblaze continues to forge its path in an evolving industry landscape.

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