Backblaze reported a strong third quarter in 2025, with total revenue reaching $37.2 million, a 14% increase year-over-year. B2 Cloud Storage was a significant growth driver, increasing by 28% year-over-year to $20.7 million. The company achieved record non-GAAP net income of $1.9 million and an Adjusted EBITDA of $8.4 million, demonstrating improved profitability and operational efficiency.
Total revenue for Q3 2025 was $37.2 million, marking a 14% year-over-year increase.
B2 Cloud Storage revenue grew by 28% year-over-year to $20.7 million, while Computer Backup revenue remained flat at $16.5 million.
The company achieved a gross profit of $23.1 million (62% of revenue) and an Adjusted EBITDA of $8.4 million (23% of revenue).
Non-GAAP net income reached $1.9 million, or $0.03 per share, a significant improvement from a non-GAAP net loss in the prior year.
For the fourth quarter of 2025, Backblaze expects revenue between $37.3 million to $37.9 million and an Adjusted EBITDA margin between 20% to 22%. For the full year 2025, revenue is expected to be between $145.4 million to $146.0 million, with an Adjusted EBITDA margin range of 18%-20%.
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