Backblaze's Q2 results show accelerating profitability on solid growth. Revenue rose 18% to $42.7M, above the high end of guidance, the net loss narrowed to $5.1M from $7.1M, and adjusted EBITDA nearly doubled to $12.8M, a 30% margin versus 18% a year earlier. x.com 

Backblaze is a top-conviction bet as the cold-storage tier of the AI buildout, with earnings Monday seen as a potential big upside catalyst. Per @mkfilko, neocloud customers bring petabytes of cold data that cannot sit on expensive flash or on AWS, their competitor, leaving Backblaze as the only public independent operator at scale. It recently signed a CoreWeave contract worth a third of its sub-$1B market cap, and B2 Cloud Storage, 58% of revenue, grows 24% at a fifth of S3's price. x.com