{"schema_version":"secwatch.filing_event.v1","accession":"0001462056-24-000019","form_type":"8-K","ticker":"BLZE","cik":"0001462056","company_name":"Backblaze, Inc.","filed_at":"2024-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.242841+00:00","generated_at":"2026-06-06T01:04:44.255015+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Backblaze Q4 revenue up 25% YoY to $28.7M; first adjusted EBITDA positive","bullets":["Q4 revenue $28.7M (+25% YoY); B2 Storage $14.0M (+47% YoY); Computer Backup $14.7M (+10% YoY).","Adjusted EBITDA $1.6M (6% revenue) vs $(2.5)M loss in Q4 2022 – first positive as public company.","Net loss $11.4M ($0.30/share) improved from $14.5M ($0.44) YoY; Non-GAAP net loss $5.6M ($0.15/share).","FY2024 guidance: revenue $126-128M, adjusted EBITDA margin 8-10%.","Cash usage reduced >70% QoQ to $2.4M; ARR $117.6M (+28% YoY)."],"urls":{"canonical":"https://secwatch.observer/filing/0001462056-24-000019","json":"https://secwatch.observer/filing/0001462056-24-000019.json","markdown":"https://secwatch.observer/filing/0001462056-24-000019.md","text":"https://secwatch.observer/filing/0001462056-24-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1462056/000146205624000019/0001462056-24-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1462056/000146205624000019/blze-20240215.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T01:04:44.255015+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":"00eadf7fcb70f63648e51c10f3808bde61d85a20","claim":"Backblaze, Inc. reported Fourth Quarter 2023 results: revenue $28.7 million, net income $11.4 million, EPS $0.30. Guidance initiated.","evidence_excerpt":"Fourth Quarter 2023 Financial Highlights: • Revenue of $28.7 million, an increase of 25% year-over-year (YoY). ▪ B2 Cloud Storage revenue was $14.0 million, an increase of 47% YoY. ▪ Computer Backup revenue was $14.7 million, an increase of 10%YoY. • Gross profit of $15.2 million, or 53% of revenue, compared to $11.7 million or 51% of revenue, in Q4 2022. • Adjusted gross profit of $22.1 million, or 77% of revenue, compared to $17.3 million or 75% of revenue in Q4 2022. • Net loss was $11.4 million compared to a net loss of $14.5 million in Q4 2022. • Net loss per share was $0.30 compared to a net loss per share of $0.44 in Q4 2022. • Adjusted EBITDA was $1.6 million, or 6% of revenue, compared to $(2.5) million or (11)% of revenue in Q4 2022. • Non-GAAP net loss of $5.6 million compared to non-GAAP net loss of $9.0 million in 2022. • Non-GAAP net loss per share of $0.15 compared to a non-GAAP net loss per share of $0.27 in 2022. • Cash, short-term investments and restricted cash, non-","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462056/000146205624000019/0001462056-24-000019-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fourth Quarter 2023"},{"label":"Revenue","value":"$28.7 million"},{"label":"Net income","value":"$11.4 million"},{"label":"EPS","value":"$0.30"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"33300a1d3d7e0a4b3cb5a9f1c2f4ef75563f06b2","claim":"Backblaze, Inc. reported Full Year 2023 results: revenue $102.0 million, net income $58.9 million, EPS $1.63. Guidance initiated.","evidence_excerpt":"Full-Year 2023 Financial Highlights: • Revenue of $102.0 million, an increase of 20% YoY. ▪ B2 Cloud Storage revenue was $46.4 million, an increase of 40% YoY. ▪ Computer Backup revenue was $55.6 million, an increase of 7% YoY. • Gross profit of $50.0 million, or 49% of revenue, compared to $43.9 million or 52% of revenue, in 2022. • Adjusted gross profit of $76.2 million, or 75% of revenue, compared to $64.6 million or 76% of revenue in 2022. • Net loss was $58.9 million compared to $51.4 million in 2022. • Net loss per share was $1.63 compared to $1.62 in 2022. • Adjusted EBITDA was $(3.9) million, or (4)% of revenue, compared to $(9.4) million and (11)% of revenue in 2022. • Non-GAAP net loss of $30.6 million compared to non-GAAP net loss of $32.8 million in 2022. • Non-GAAP net loss per share of $0.85 compared to a non-GAAP net loss per share of $1.04 in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462056/000146205624000019/0001462056-24-000019-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full Year 2023"},{"label":"Revenue","value":"$102.0 million"},{"label":"Net income","value":"$58.9 million"},{"label":"EPS","value":"$1.63"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}