{"schema_version":"secwatch.filing_event.v1","accession":"0001462056-24-000039","form_type":"8-K","ticker":"BLZE","cik":"0001462056","company_name":"Backblaze, Inc.","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.498296+00:00","generated_at":"2026-06-02T09:40:35.116526+00:00","sec_items":["2.02","9.01","5.02"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Backblaze Q1 revenue up 28% to $30M, turns adjusted EBITDA positive; CFO plans retirement","bullets":["Revenue $30.0M (+28% YoY); B2 Cloud Storage revenue $14.6M (+47% YoY).","Adjusted EBITDA $1.9M (6% margin) vs -$2.9M (-12%) in Q1 2023.","Net loss narrowed to $11.1M from $17.1M; non-GAAP net loss per share $0.14.","CFO Frank Patchel to retire later in 2024; search for successor underway.","Q2 2024 revenue guidance $30.7M-$31.1M; FY2024 revenue guidance $126M-$128M."],"urls":{"canonical":"https://secwatch.observer/filing/0001462056-24-000039","json":"https://secwatch.observer/filing/0001462056-24-000039.json","markdown":"https://secwatch.observer/filing/0001462056-24-000039.md","text":"https://secwatch.observer/filing/0001462056-24-000039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1462056/000146205624000039/0001462056-24-000039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1462056/000146205624000039/blze-20240508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T09:40:35.116526+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":"de9e7ab3f0919a20505add25abfaacdcf595e0cb","claim":"Backblaze, Inc. reported first quarter ended March 31, 2024 results: revenue $30.0 million, net income $11.1 million, EPS $0.27. Guidance initiated.","evidence_excerpt":"First Quarter 2024 Financial Highlights: • Revenue of $30.0 million, an increase of 28% year-over-year (YoY). • B2 Cloud Storage revenue was $14.6 million, an increase of 47% YoY. • Computer Backup revenue was $15.3 million, an increase of 14% YoY. ◦ Gross profit of $15.8 million, or 53% of revenue, compared to $11.0 million or 47% of revenue, in Q1 2023. • Adjusted gross profit of $23.0 million, or 77% of revenue, compared to $17.0 million or 72% of revenue in Q1 2023. • Net loss was $11.1 million compared to a net loss of $17.1 million in Q1 2023. • Net loss per share was $0.27 compared to a net loss per share of $0.50 in Q1 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462056/000146205624000039/0001462056-24-000039-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$30.0 million"},{"label":"Net income","value":"$11.1 million"},{"label":"EPS","value":"$0.27"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"528a6f9eaf","claim":"Frank Patchel departed as Chief Financial Officer at Backblaze, Inc..","evidence_excerpt":"On May 8, 2024, the Company announced that Frank Patchel, Chief Financial Officer, is intending to retire from the Company later in 2024 following the hiring and onboarding of his replacement.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462056/000146205624000039/0001462056-24-000039-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"intending to retire"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}