Backblaze Inc reports results for the quarter ended March 31 - Earnings Summary

Backblaze

08/05/2025 03:28

Backblaze Inc BLZE.OQ reported a quarterly adjusted loss of 17 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -14 cents.  The mean expectation of seven analysts for the quarter was for a loss of 19 cents per share. Wall Street expected results to range from -21 cents to -17 cents per share.

Revenue rose 15.5% to $34.61 million from a year ago; analysts expected $34.24 million.

Backblaze Inc's reported EPS for the quarter was a loss of 17 cents​.

The company reported a quarterly loss of $9.32 million.

Backblaze Inc shares had fallen by 6.8% this quarter and lost 25.2% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 15.2% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

Wall Street's median 12-month price target for Backblaze Inc is $11.00

This summary was machine generated from LSEG data May 8 at 02:28 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Mar. 31 2025
-0.19
-0.17
Beat
Dec. 31 2024
-0.24
-0.30
Missed
Sep. 30 2024
-0.24
-0.29
Missed
Jun. 30 2024
-0.27
-0.25
Beat