---
schema_version: "secwatch.filing_event.v1"
accession: "0001462056-24-000051"
form_type: "8-K"
ticker: "BLZE"
cik: "0001462056"
company_name: "Backblaze, Inc."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:27:08.463026+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Backblaze Q3 revenue +29% to $32.6M, Adj EBITDA margin 12%, announces 12% workforce reduction

## Summary
- Revenue $32.6M (+29% YoY); B2 Cloud Storage $16.2M (+39%), Computer Backup $16.4M (+20%).
- Adjusted EBITDA $3.7M (12% margin) vs -$0.8M; net loss $12.8M ($0.29/sh) improved from $16.1M loss ($0.44).
- ARR $130.5M (+29% YoY); NRR 118%; signed two multi-year ~$1M deals.
- 2024 Restructuring Plan: ~12% headcount reduction, office footprint cut, severance & RSU acceleration, completion by year-end.
- Q4 guidance: revenue $33.5-33.9M, Adj EBITDA margin 12-14%; FY2024 revenue $127-128M.

## SEC filing metadata
- accession: 0001462056-24-000051
- form_type: 8-K
- ticker: BLZE
- cik: 0001462056
- company_name: Backblaze, Inc.
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462056/000146205624000051/0001462056-24-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462056/000146205624000051/blze-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462056-24-000051
- JSON: https://secwatch.observer/filing/0001462056-24-000051.json
- Plain text: https://secwatch.observer/filing/0001462056-24-000051.txt

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