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Mar 31, 2022
Backblaze Q1 2022 Earnings Report
Backblaze's Q1 2022 financial results were announced, demonstrating a 27% overall revenue growth and a 48% revenue growth in B2 Cloud Storage.
Key Takeaways
Backblaze reported a 27% increase in revenue, reaching $19.5 million, with B2 Cloud Storage revenue growing by 48% year-over-year. The company's annual recurring revenue hit $79 million, a 28% increase year-over-year.
Revenue increased by 27% year-over-year, reaching $19.5 million.
B2 Cloud Storage revenue grew by 48% year-over-year, totaling $7.0 million.
Annual recurring revenue (ARR) increased by 28% year-over-year, reaching $79.0 million.
Net loss was $(12.5) million, or $(0.41) per share.
Revenue by Segment
Forward Guidance
For the second quarter of 2022, Backblaze expects revenue between $20.2 million and $20.6 million and an adjusted EBITDA margin between (19)% and (15)%. For full-year 2022, the company continues to expect revenue between $83 million and $86 million and an adjusted EBITDA margin between (18)% and (14)%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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