Recently, it launched the Backblaze Partner API that will enable ISVs participating in Backblaze’s Alliance Partner Program to add B2 Cloud Storage as a seamless backend extension within their own platform. It expects to end the year with revenues of $83-$86 million and adjusted EBITDA losses of 17%-13%.īackblaze has been focused on expanding its partner program to add more value to both its community of partners and integrators. Gross customer retention rate remained flat at 91% in the quarter.įor the third quarter, Blackblaze forecast revenues of $21.4-$21.8 million and an adjusted EBITDA loss of 18%-14%. B2 Cloud Storage NRR was 126% compared to 132% last year, and Computer Backup NRR was 107% compared to 102% in Q2 2021.

Net revenue retention (NRR) rate was 113% compared to 110% a year ago. Non-GAAP net loss per share was $0.23 compared to a non-GAAP net loss of $0.19 per share a year ago.īy segment, B2 Cloud Storage revenues grew 45% to $7.7 million and Computer Backup revenues increased 20% to $12.8 million.Īmong key metrics, Annual recurring revenue (ARR) increased 28% to $82.7 million with B2 Cloud Storage’s ARR growing 44% to $31.3 million, and Computer Backup ARR growing 20% to $51.4 million. San Mateo-based Backblaze (Nasdaq: BLZE) is a rapidly growing player in the market.įor the recently reported second quarter, Blackblaze’s revenues grew 28% to $20.7 million.

According to a recent market report, the global Cloud Storage Market is expected to grow at 18% CAGR from $77.5 billion in 2021 to $208.1 billion by 2028.

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