Backblaze Posts 351% EPS Surprise, $37.8M Q4 Revenue, Secures Eight-Figure Neocloud Deal
Backblaze delivered Q4 2025 EPS of $0.06, a 351% surprise over the $0.01 consensus, reversing a $0.06 loss a year earlier. Q4 revenue rose 12% to $37.76 million and the firm locked its first eight-figure neocloud contract leveraging its new B2 Neo platform.
1. Q4 2025 Financial Performance
Backblaze posted Q4 revenue of $37.76 million, up from $33.79 million a year ago, and delivered EPS of $0.06 versus a loss of $0.06 in Q4 2024, beating the $0.01 consensus by 351%. The revenue figure also topped estimates by 0.7%, reflecting stabilizing demand in its high-performance cloud storage services.
2. First Eight-Figure Neocloud Contract
The company closed its inaugural eight-figure total value deal with a neocloud platform, leveraging its newly launched B2 Neo storage offering designed for intensive AI and data workloads. This milestone underscores Backblaze’s ability to secure large-scale agreements and validates its neocloud strategy.
3. AI-Era Platform Positioning
Backblaze continues to position its high-performance object storage as a cost-predictable solution for AI-driven applications and data-intensive use cases, supporting over 500,000 customers globally. Leadership emphasizes ongoing investments in customer-centric product innovation to capture growing demand in the AI cloud storage market.