---
schema_version: "secwatch.filing_event.v1"
accession: "0001462056-23-000184"
form_type: "8-K"
ticker: "BLZE"
cik: "0001462056"
company_name: "Backblaze, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T01:32:55.713676+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Backblaze Q2 revenue up 19% to $24.6M; net loss widens to $14.3M; B2 storage grows 39%

## Summary
- Revenue $24.6M (+19% YoY); B2 Cloud revenue $10.8M (+39% YoY); ARR $97.3M (+18%).
- Net loss $14.3M ($0.41/share) vs. $11.6M ($0.37) in Q2 2022; Adj. EBITDA loss $(1.8)M (7% of rev) vs. $(1.9)M (9%).
- Customers >$50K ARR grew 54% to 74; largest computer backup deal signed with global social media company.
- Eliminated dual-class stock structure in July 2023; all shares now have equal voting rights.
- Q3 revenue guidance $25.0-$25.4M; full-year guidance unchanged $98-$102M; adj. EBITDA margin improved to (8.5)% to (4.5)% from (10)% to (6)%.

## SEC filing metadata
- accession: 0001462056-23-000184
- form_type: 8-K
- ticker: BLZE
- cik: 0001462056
- company_name: Backblaze, Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462056/000146205623000184/0001462056-23-000184-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462056/000146205623000184/blze-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462056-23-000184
- JSON: https://secwatch.observer/filing/0001462056-23-000184.json
- Plain text: https://secwatch.observer/filing/0001462056-23-000184.txt

## Key facts
- Earnings Releases
  Backblaze, Inc. updated its third quarter of 2023 and full-year 2023 guidance (reaffirmed).
  - Period: third quarter of 2023 and full-year 2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: For the third quarter of 2023 we expect: • Revenue between $25.0 million to $25.4 million • Adjusted EBITDA margin between (8)% to (4)% • Basic weighted average shares outstanding of 36.5 million to 37.5 million shares For full-year 2023 we expect: • Revenue between $98 million to $102 million (unchanged) • Adjusted EBITDA margin between (8.5)% to (4.5)% (improved versus the prior range of (10)% to (6)%)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1462056/000146205623000184/0001462056-23-000184-index.htm
- Earnings Releases
  Backblaze, Inc. reported second quarter ended June 30, 2023 results: revenue $24.6 million, net income Net loss of $14.3 million, EPS Net loss per share of $0.41.
  - Period: second quarter ended June 30, 2023
  - Revenue: $24.6 million
  - Net income: Net loss of $14.3 million
  - EPS: Net loss per share of $0.41
  - Result: reported results
  source text: of traditional cloud providers to an open cloud where customers are empowered to store and use data as they choose.” Second Quarter 2023 Financial Highlights: • Revenue of $24.6 million, an increase of 19% year-over-year (YoY). • B2 Cloud Storage revenue was $10.8 million, an increase of 39% YoY. • Computer Backup revenue was $13.8 million, an increase of 7%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1462056/000146205623000184/0001462056-23-000184-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.