Backblaze Advances Key Enterprise Security Features in Latest Platform Update
New AI-powered Anomaly Alerts, enterprise web console, and role-based access controls underscore commitment to data security and simplified management.
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SAN MATEO, Calif. — Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced a suite of powerful new security features to help customers prevent, detect, and mitigate security risks related to their data.
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These product enhancements add to Backblaze's existing robust foundational security capabilities, including SOC 2 certified architecture and physical security, server-side encryption for data at rest, cross-origin resource sharing (CORS) support, and key platform features like Object Lock for immutable ransomware protection, fine-grained access management controls, Cloud Replication for data redundancy, and 3x free egress to support efficient disaster recovery and testing.
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'In today's evolving threat landscape, robust data security is paramount for businesses,' said Gleb Budman, CEO at Backblaze. 'This comprehensive update, which includes features like Anomaly Alerts, Bucket Access Logs, and the new enterprise web console, underscores our commitment to providing our customers with advanced tools to safeguard their critical information.'
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Highlights of Backblaze's recent security enhancements:
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Introducing Anomaly Alerts (now in private preview): This AI-powered feature is engineered to identify suspicious patterns of data activity in Backblaze B2 Cloud Storage buckets, alerting administrators to unusual activity that could indicate data exfiltration and/or unauthorized access. If you're interested in joining the private preview, reach out to the Sales Team at sales@backblaze.com.
New enterprise web console and role-based access controls (now in private preview): Our new enterprise web console is designed to provide enhanced management capabilities for larger organizations. Coupled with role-based access controls (RBAC), this console streamlines the scalable and secure management of cloud storage, providing the tools organizations need to align with zero-trust principles. These enhancements help enterprises improve administrative efficiency and security posture.
Granular visibility with Bucket Access Logs: Now generally available, Bucket Access Logs provide customers with detailed records of operations performed on objects within their B2 buckets, such as uploads, downloads, and deletions. The logs are fully S3 compatible and can be configured via the Backblaze B2 web UI or programmatically through our API. This feature empowers security and privacy monitoring, infrastructure and traffic control, and usage tracking, contributing to minimizing the impact of malicious behavior through better forensics.
Event Notifications: Event Notifications allow customers to receive real-time alerts on bucket activities, such as object creation, deletion, or modification. This capability enhances proactive security monitoring and facilitates immediate response to unauthorized or suspicious actions, crucial for early detection and compliance reporting.
Multi-Bucket Application Keys: Multi-Bucket Application Keys make it possible to create a single key that can be used for more than one specific bucket, but not necessarily all buckets. This enhancement provides more granular control over bucket access, contributing to a reduced attack surface.
Scalable Application Keys: Backblaze B2 Cloud Storage offers Scalable Application Keys, enabling the generation of up to 10,000 unique, short-lived data access keys per minute. This capability significantly enhances security by limiting the exposure window of individual keys, thus reducing the attack surface for endpoint-generated content and high-volume data operations.
Custom Upload Timestamps: Custom Upload Timestamps allow users to specify the exact upload time for objects. This feature is critical for maintaining data integrity, supporting precise versioning, and meeting specific compliance requirements where the original creation or upload timestamp must be preserved for legal or audit purposes.
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As enterprises rise to meet the demands of modern, connected workflows, best-of-breed providers operating in the open cloud and their customers need robust security features that operate seamlessly across their tech stack. By focusing on proactive security measures, continuous platform improvement, and intuitive management, Backblaze continues to empower businesses to confidently protect their valuable data.
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About Backblaze
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Backblaze is the cloud storage innovator providing a modern alternative to traditional cloud providers. We deliver high-performance, secure cloud object storage that customers use to develop applications, manage media, secure backups, build AI workflows, protect from ransomware, and more. Backblaze helps businesses break free from the walled gardens that traditional providers lock customers into, enabling them to use their data in open cloud workflows with the providers they prefer at a fraction of the cost. Headquartered in San Mateo, CA, Backblaze (NASDAQ: BLZE) was founded in 2007 and serves over 500,000 customers in 175 countries around the world. For more information, please go to www.backblaze.com and follow us on LinkedIn.
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We note that the uncertainty of the current macroeconomic environment, particularly the potential for shifts in trade policy and interest rates could drive variability in our results, which may fall above or below our current forecasts. Irrespective of the near-term macroeconomic backdrop, we continue to pursue expense mitigation and operational efficiencies to partially offset potential impacts to end market demand. We are investing in commercial enhancements to accelerate future growth, and we remain optimistic about the strong pace of our transformation and growth opportunities.' Conference Call NN will discuss its results during its quarterly investor conference call on August 7, 2025, at 9 a.m. ET. The call and supplemental presentation may be accessed via NN's website, The conference call can also be accessed by dialing 1-888-999-3182 or 1-848-280-6330. For those who are unavailable to listen to the live broadcast, a replay will be available shortly after the call until August 7, 2026. NN discloses in this press release the non-GAAP financial measures of adjusted income (loss) from operations, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted net income (loss) per diluted common share, and free cash flow. Each of these non-GAAP financial measures provides supplementary information about the impacts of acquisition, divestiture and integration related expenses, foreign-exchange impacts on inter-company loans, reorganizational and impairment charges. The financial tables found later in this press release include a reconciliation of adjusted income (loss) from operations, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted net income (loss) per diluted share, free cash flow to the U.S. GAAP financial measures of income (loss) from operations, net income (loss), net income (loss) per diluted common share, and cash provided (used) by operating activities. About NN, Inc. NN, Inc., a global diversified industrial company, combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies for a variety of markets on a global basis. Headquartered in Charlotte, North Carolina, NN has facilities in North America, South America, Europe and China. For more information about the company and its products, please visit This press release contains express and implied forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our financial outlook for the full year of fiscal 2025, the impact of, and our ability to execute, our corporate strategies and business initiatives and the potential impact tariffs, high interest rates, high metal costs and additional economic uncertainties may have on our financial statements and results of operations. Forward-looking statements generally will be accompanied by words such as 'anticipate,' 'believe,' 'could,' 'estimate,' 'expect,' 'forecast,' 'growth,' 'guidance,' 'intend,' 'may,' 'will,' 'possible,' 'potential,' 'predict,' 'project', 'trajectory' or other similar words, phrases or expressions. Forward-looking statements involve a number of risks and uncertainties that are outside of management's control and that may cause actual results to be materially different from such statements. Such factors include, among others, general economic conditions and economic conditions in the industrial sector; the potential impacts of tariffs on the U.S. economy, the economy of other countries in which we conduct operations and our industry, as well as the potential implications and ramifications of tariffs on our business and the local and global supply chains supporting the same, and our ability to mitigate any adverse impacts of such; competitive influences; risks that current customers will commence or increase captive production; risks of capacity underutilization; quality issues; material changes in the costs and availability of raw materials; economic, social, political and geopolitical instability, military conflict, currency fluctuation, and other risks of doing business outside of the United States; inflationary pressures and changes in the cost or availability of materials, supply chain shortages and disruptions, the availability of labor and labor disruptions along the supply chain; our dependence on certain major customers, some of whom are not parties to long-term agreements (and/or are terminable on short notice); the impact of acquisitions and divestitures, as well as expansion of end markets and product offerings; our ability to hire or retain key personnel; the level of our indebtedness; the restrictions contained in our debt agreements; our ability to obtain financing at favorable rates, if at all, and to refinance existing debt as it matures; our ability to secure, maintain or enforce patents or other appropriate protections for our intellectual property; uncertainty of government policies and actions after recent U.S. elections in respect to global trade, tariffs and international trade agreements; and cyber liability or potential liability for breaches of our or our service providers' information technology systems or business operations disruptions. The foregoing factors should not be construed as exhaustive and should be read in conjunction with the sections entitled 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' included in the Company's filings made with the U.S. Securities and Exchange Commission. Any forward-looking statement speaks only as of the date of this press release and are based on information available to NN at the time those statements are made and/or management's good faith belief as of that time with respect to future events. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. The Company qualifies all forward-looking statements by these cautionary statements. With respect to any non-GAAP financial measures included in the following document, the accompanying information required by SEC Regulation G can be found in the back of this document or in the 'Investors' section of the Company's web site, under the heading 'News & Events' and subheading 'Presentations.' NN, Inc. Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, (in thousands, except per share data) 2025 2024 2025 2024 Net sales $ 107,921 $ 122,992 $ 213,609 $ 244,190 Cost of sales (exclusive of depreciation and amortization shown separately below) 89,699 101,257 181,345 202,343 Selling, general, and administrative expense 12,095 13,511 23,265 26,859 Depreciation and amortization 8,918 11,761 17,692 24,308 Other operating income, net (1,327) (1,390) (2,440) (2,390) Loss from operations (1,464) (2,147) (6,253) (6,930) Interest expense 5,657 5,873 10,851 11,239 Loss on extinguishment of debt 3,007 — 3,007 — Other expense (income), net (619) (3,461) (2,788) 692 Loss before benefit (provision) for income taxes and share of net income from joint venture (9,509) (4,559) (17,323) (18,861) Benefit (provision) for income taxes (774) 215 (2,084) (291) Share of net income from joint venture 2,181 2,141 4,620 4,412 Net loss $ (8,102) $ (2,203) $ (14,787) $ (14,740) Other comprehensive income (loss): Foreign currency transaction gain (loss) 4,454 (3,387) 7,579 (5,733) Reclassification adjustments from the interest rate swap included in net loss, net of tax — (449) — (898) Other comprehensive income (loss) $ 4,454 $ (3,836) $ 7,579 $ (6,631) Comprehensive loss $ (3,648) $ (6,039) $ (7,208) $ (21,371) Basic and diluted net loss per share $ (0.26) $ (0.12) $ (0.48) $ (0.46) Shares used to calculate basic and diluted net loss per share 49,433 48,839 49,255 48,281 NN, Inc. Condensed Consolidated Balance Sheets (Unaudited) (in thousands, except per share data) June 30, 2025 December 31, 2024 Assets Current assets: Cash and cash equivalents $ 9,542 $ 18,128 Accounts receivable, net 69,825 61,549 Inventories 62,793 61,877 Income tax receivable 13,084 12,634 Prepaid assets 4,602 2,855 Other current assets 12,133 10,519 Total current assets 171,979 167,562 Property, plant and equipment, net 164,248 162,034 Operating lease right-of-use assets 37,301 39,317 Intangible assets, net 37,599 44,410 Investment in joint venture 40,312 34,971 Deferred tax assets 1,329 1,329 Other non-current assets 7,992 7,270 Total assets $ 460,760 $ 456,893 Liabilities, Preferred Stock, and Stockholders' Equity Current liabilities: Accounts payable $ 45,793 $ 38,879 Accrued salaries, wages and benefits 14,444 19,915 Income tax payable 484 659 Current maturities of long-term debt 5,580 5,039 Current portion of operating lease liabilities 5,903 6,038 Other current liabilities 16,949 13,382 Total current liabilities 89,153 83,912 Deferred tax liabilities 4,896 4,969 Long-term debt, net of current maturities 154,047 143,591 Operating lease liabilities, net of current portion 39,710 42,291 Other non-current liabilities 10,896 14,111 Total liabilities 298,702 288,874 Commitments and contingencies Series D perpetual preferred stock 102,518 93,497 Stockholders' equity: Common stock 503 499 Additional paid-in capital 448,033 455,811 Accumulated deficit (348,408) (333,621) Accumulated other comprehensive loss (40,588) (48,167) Total stockholders' equity 59,540 74,522 Total liabilities, preferred stock, and stockholders' equity $ 460,760 $ 456,893 NN, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited) Six Months Ended June 30, (in thousands) 2025 2024 Cash flows from operating activities Net loss $ (14,787) $ (14,740) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 17,692 24,308 Amortization of debt issuance costs and discount 1,024 1,106 Paid-in-kind interest 1,236 1,436 Loss on extinguishment of debt 3,007 — Total derivative gain, net of cash settlements (2,036) (1,068) Share of net income from joint venture (4,620) (4,412) Share-based compensation expense 1,640 1,536 Deferred income taxes (5) (479) Other (785) (758) Changes in operating assets and liabilities: Accounts receivable (6,568) (8,747) Inventories 1,044 (1,185) Other operating assets (3,318) (2,705) Income taxes receivable and payable, net (589) (1,326) Accounts payable 6,564 1,726 Other operating liabilities (3,540) 4,739 Net cash used in operating activities (4,041) (569) Cash flows from investing activities Acquisition of property, plant and equipment (7,630) (9,052) Proceeds from sale of property, plant, and equipment 451 237 Net cash used in investing activities (7,179) (8,815) Cash flows from financing activities Proceeds from asset backed credit facilities 21,000 25,000 Repayments of asset backed credit facilities (21,400) (25,000) Proceeds from term loans and other long-term debt 118,579 — Repayments of term loans and other long-term debt (115,356) (21,061) Cash paid for debt issuance costs (3,553) (646) Proceeds from sale-leaseback of equipment 946 8,324 Proceeds from sale-leaseback of land and buildings 4,300 16,863 Repayments of financing obligations (601) (211) Other (2,352) (1,700) Net cash provided by financing activities 1,563 1,569 Effect of exchange rate changes on cash flows 1,071 (342) Net change in cash and cash equivalents (8,586) (8,157) Cash and cash equivalents at beginning of year 18,128 21,903 Cash and cash equivalents at end of quarter $ 9,542 $ 13,746 Reconciliation of GAAP Gross Profit to Non-GAAP Gross Profit and Gross Margin Three Months Ended June 30, (in thousands) 2025 2024 Net sales $ 107,921 $ 122,992 Cost of sales (exclusive of depreciation and amortization) 89,699 101,257 GAAP gross profit 18,222 21,735 Personnel costs (1) 2,052 298 Facility costs (2) — 10 Other 781 778 Adjusted gross profit (a) $ 21,055 $ 22,821 Adjusted gross margin (3) 19.5 % 18.6 % (1) Personnel costs include recruitment, retention, relocation, and severance costs (2) Facility costs include costs of opening / closing facilities and relocation / exit of manufacturing operations (3) Non-GAAP adjusted gross margin = Non-GAAP adjusted gross profit / GAAP net sales Reconciliation of GAAP Income (Loss) from Operations to Non-GAAP Adjusted Income (Loss) from Operations (in thousands) Three Months Ended June 30, NN, Inc. Consolidated 2025 2024 GAAP loss from operations $ (1,464) $ (2,147) Professional fees 352 (12) Personnel costs (1) 2,614 826 Facility costs (2) — (51) Amortization of intangibles 3,405 3,456 Non-GAAP adjusted income from operations (b) $ 4,907 $ 2,072 Non-GAAP adjusted operating margin (3) 4.6 % 1.7 % GAAP net sales $ 107,921 $ 122,992 (in thousands) Three Months Ended June 30, Power Solutions 2025 2024 GAAP income from operations $ 5,782 $ 5,320 Personnel costs (1) 77 33 Facility costs (2) — 79 Amortization of intangibles 2,567 2,617 Non-GAAP adjusted income from operations (b) $ 8,426 $ 8,049 Non-GAAP adjusted operating margin (3) 18.9 % 16.0 % GAAP net sales $ 44,641 $ 50,151 (in thousands) Three Months Ended June 30, Mobile Solutions 2025 2024 GAAP loss from operations $ (1,110) $ (1,630) Personnel costs (1) 2,540 265 Facility costs (2) — (130) Amortization of intangibles 838 837 Non-GAAP adjusted income (loss) from operations (b) $ 2,268 $ (656) Share of net income from joint venture 2,181 2,141 Non-GAAP adjusted income from operations with JV (b) $ 4,449 $ 1,485 Non-GAAP adjusted operating margin (3) 7.0 % 2.0 % GAAP net sales $ 63,391 $ 72,855 Three Months Ended June 30, (in thousands) Elimination 2025 2024 GAAP net sales $ (111) $ (14) (1) Personnel costs include recruitment, retention, relocation, and severance costs (2) Facility costs include costs of opening / closing facilities and relocation / exit of manufacturing operations (3) Non-GAAP adjusted operating margin = Non-GAAP adjusted income (loss) from operations / GAAP net sales Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted EBITDA Three Months Ended June 30, (in thousands) 2025 2024 GAAP net loss $ (8,102) $ (2,203) Benefit (provision) for income taxes 774 (215) Interest expense 5,657 5,873 Loss on extinguishment of debt 3,007 — Change in fair value of preferred stock derivatives and warrants (273) (3,949) Depreciation and amortization 8,918 11,761 Professional fees 352 (12) Personnel costs (1) 2,614 826 Facility costs (2) — (51) Non-cash stock compensation 801 691 Non-cash foreign exchange (gain) loss on inter-company loans (569) 684 Non-GAAP adjusted EBITDA (c) $ 13,179 $ 13,405 Non-GAAP adjusted EBITDA margin (3) 12.2 % 10.9 % GAAP net sales $ 107,921 $ 122,992 (1) Personnel costs include recruitment, retention, relocation, and severance costs (2) Facility costs include costs of opening / closing facilities and relocation / exit of manufacturing operations (3) Non-GAAP adjusted EBITDA margin = Non-GAAP adjusted EBITDA / GAAP net sales Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted Net Income and GAAP Net Income (Loss) per Diluted Common Share to Non-GAAP Adjusted Net Income (Loss) per Diluted Common Share Three Months Ended June 30, (in thousands) 2025 2024 GAAP net loss $ (8,102) $ (2,203) Pre-tax loss on extinguishment of debt 3,007 — Pre-tax professional fees 352 — Pre-tax personnel costs 2,614 826 Pre-tax facility costs — (51) Pre-tax foreign exchange (gain) loss on inter-company loans (569) 684 Pre-tax change in fair value of preferred stock derivatives and warrants (273) (3,949) Pre-tax amortization of intangibles and deferred financing costs 3,717 4,018 Tax effect of adjustments reflected above (d) — (63) Non-GAAP adjusted net income (loss) (e) $ 746 $ (738) Three Months Ended June 30, (per diluted common share) 2025 2024 GAAP net loss per diluted common share $ (0.26) $ (0.12) Pre-tax loss on extinguishment of debt 0.06 — Pre-tax professional fees 0.01 — Pre-tax personnel costs 0.05 0.02 Pre-tax facility costs — — Pre-tax foreign exchange (gain) loss on inter-company loans (0.01) 0.01 Pre-tax change in fair value of preferred stock derivatives and warrants (0.01) (0.08) Pre-tax amortization of intangibles and deferred financing costs 0.08 0.08 Preferred stock cumulative dividends and deemed dividends 0.09 0.08 Non-GAAP adjusted net income (loss) per diluted common share (e) $ 0.02 $ (0.02) Shares used to calculate net earnings (loss) per share 49,433 48,839 The Company discloses in this presentation the non-GAAP financial measures of adjusted income (loss) from operations, adjusted EBITDA, adjusted net income (loss), adjusted net income (loss) per diluted common share, and free cash flow. Each of these non-GAAP financial measures provides supplementary information about the impacts of acquisition, divestiture and integration related expenses, foreign-exchange impacts on inter-company loans, reorganizational and impairment charges. The costs we incur in completing acquisitions, including the amortization of intangibles and deferred financing costs, and divestitures are excluded from these measures because their size and inconsistent frequency are unrelated to our commercial performance during the period, and we believe are not indicative of our ongoing operating costs. We exclude the impact of currency translation from these measures because foreign exchange rates are not under management's control and are subject to volatility. Other non-operating charges are excluded as the charges are not indicative of our ongoing operating cost. We believe the presentation of adjusted income (loss) from operations, adjusted EBITDA, adjusted net income (loss), adjusted net income (loss) per diluted common share, and free cash flow provides useful information in assessing our underlying business trends and facilitates comparison of our long-term performance over given periods. The non-GAAP financial measures provided herein may not provide information that is directly comparable to that provided by other companies in the Company's industry, as other companies may calculate such financial results differently. The Company's non-GAAP financial measures are not measurements of financial performance under GAAP and should not be considered as alternatives to actual income growth derived from income amounts presented in accordance with GAAP. The Company does not consider these non-GAAP financial measures to be a substitute for, or superior to, the information provided by GAAP financial results. (a) Non-GAAP adjusted gross margin represents GAAP gross profit, adjusted to exclude the effects of restructuring and integration expense and non-operational charges related to acquisition and transition expense. We believe this presentation is commonly used by investors and professional research analysts in the valuation, comparison, rating, and investment recommendations of companies in the industrial industry. We use this information for comparative purposes within the industry. Non-GAAP adjusted gross margin is not a measure of financial performance under GAAP and should not be considered as a measure of liquidity or as an alternative to GAAP gross margin. (b) Non-GAAP adjusted income (loss) from operations represents GAAP income (loss) from operations, adjusted to exclude the effects of restructuring and integration expense; non-operational charges related to acquisition and transition expense, intangible amortization costs for fair value step-up in values related to acquisitions, non-cash impairment charges, and when applicable, our share of income from joint venture operations. We believe this presentation is commonly used by investors and professional research analysts in the valuation, comparison, rating, and investment recommendations of companies in the industrial industry. We use this information for comparative purposes within the industry. Non-GAAP adjusted income (loss) from operations is not a measure of financial performance under GAAP and should not be considered as a measure of liquidity or as an alternative to GAAP income (loss) from operations. (c) Non-GAAP adjusted EBITDA represents GAAP net income (loss), adjusted to include income taxes, interest expense, write-off of unamortized debt issuance costs, interest rate swap payments and change in fair value that was recognized in earnings, change in fair value of preferred stock derivatives and warrants, depreciation and amortization, charges related to acquisition and transition costs, non-cash stock compensation expense, foreign exchange gain (loss) on inter-company loans, restructuring and integration expense, costs related to divested businesses and litigation settlements, income from discontinued operations, and non-cash impairment charges, to the extent applicable. We believe this presentation is commonly used by investors and professional research analysts in the valuation, comparison, rating, and investment recommendations of companies in the industrial industry. We use this information for comparative purposes within the industry. Non-GAAP adjusted EBITDA is not a measure of financial performance under GAAP and should not be considered as a measure of liquidity or as an alternative to GAAP income (loss) from continuing operations. (d) This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the respective table. NN, Inc. estimates the tax effect of the adjustment items identified in the reconciliation schedule above by applying the applicable statutory rates by tax jurisdiction unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment. (e) Non-GAAP adjusted net income (loss) represents GAAP net income (loss) adjusted to exclude the tax-affected effects of charges related to acquisition and transition costs, foreign exchange gain (loss) on inter-company loans, restructuring and integration charges, amortization of intangibles costs for fair value step-up in values related to acquisitions and amortization of deferred financing costs, non-cash impairment charges, write-off of unamortized debt issuance costs, interest rate swap payments and change in fair value, change in fair value of preferred stock derivatives and warrants, costs related to divested businesses and litigation settlements, income (loss) from discontinued operations, and preferred stock cumulative dividends and deemed dividends. We believe this presentation is commonly used by investors and professional research analysts in the valuation, comparison, rating, and investment recommendations of companies in the industrial industry. We use this information for comparative purposes within the industry.
