{"schema_version":"secwatch.filing_event.v1","accession":"0001462056-23-000133","form_type":"8-K","ticker":"BLZE","cik":"0001462056","company_name":"Backblaze, Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.934073+00:00","generated_at":"2026-06-15T08:47:26.964499+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Backblaze Q1 revenue up 20% to $23.4M, B2 storage grows 42%, net loss widens to $17.1M","bullets":["Revenue $23.4M (+20% YoY); B2 Cloud Storage revenue $10.0M (+42% YoY); Computer Backup $13.4M (+8% YoY).","Net loss $17.1M ($0.50 per share) vs $12.5M ($0.41) in Q1 2022; Non-GAAP net loss $9.0M ($0.26 per share).","Adjusted EBITDA loss of $(2.9)M (12% of revenue) improved from $(3.0)M (15%) in prior year.","ARR $95.9M (+21% YoY); B2 Cloud Storage ARR $41.7M (+47%); NRR 111% (B2 120%).","Q2 2023 guidance: revenue $24.1-24.5M, Adj. EBITDA margin (11%)-(7%); full-year revenue reaffirmed $98-102M."],"urls":{"canonical":"https://secwatch.observer/filing/0001462056-23-000133","json":"https://secwatch.observer/filing/0001462056-23-000133.json","markdown":"https://secwatch.observer/filing/0001462056-23-000133.md","text":"https://secwatch.observer/filing/0001462056-23-000133.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1462056/000146205623000133/0001462056-23-000133-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1462056/000146205623000133/blze-20230509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T08:47:26.964499+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5e4bda522ea3bbb47f845962083733e3ea99eed6","claim":"Backblaze, Inc. reported the first quarter ended March 31, 2023 results: revenue $23.4 million, net income $17.1 million, EPS $0.50.","evidence_excerpt":"First Quarter 2023 Financial Highlights: • Revenue of $23.4 million, an increase of 20% year-over-year (YoY). • B2 Cloud Storage revenue was $10.0 million, an increase of 42% YoY. • Computer Backup revenue was $13.4 million, an increase of 8% YoY. ◦ Gross profit of $11.0 million, or 47% of revenue, compared to $9.8 million and 50% of revenue, in Q1 2022. • Adjusted gross profit of $17.0 million, or 72% of revenue, compared to $14.8 million and 76% of revenue in Q1 2022. • Net loss of $17.1 million compared to a net loss of $12.5 million in Q1 2022. • Net loss per share of $0.50 compared to a net loss per share of $0.41 in Q1 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462056/000146205623000133/0001462056-23-000133-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Revenue","value":"$23.4 million"},{"label":"Net income","value":"$17.1 million"},{"label":"EPS","value":"$0.50"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c30b2439d7cf9ec516bef96da8bffbcf8cce8730","claim":"Backblaze, Inc. reported the second quarter of 2023 results: revenue between $24.1 million to $24.5 million. Guidance initiated.","evidence_excerpt":"For the second quarter of 2023 we expect: • Revenue between $24.1 million to $24.5 million • Adjusted EBITDA margin between (11)% to (7)% • Basic weighted average shares outstanding of 34.5 million to 36.5 million shares","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462056/000146205623000133/0001462056-23-000133-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter of 2023"},{"label":"Revenue","value":"between $24.1 million to $24.5 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"e20bb98a736c7faf301d84dda95ac13e0681267b","claim":"Backblaze, Inc. reported full-year 2023 results: revenue between $98 million to $102 million. Guidance reaffirmed.","evidence_excerpt":"For full-year 2023 we continue to expect: • Revenue between $98 million to $102 million • Adjusted EBITDA margin between (10)% to (6)%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462056/000146205623000133/0001462056-23-000133-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full-year 2023"},{"label":"Revenue","value":"between $98 million to $102 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}