secwatch.observer — SEC 8-K summary
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Issuer:     Backblaze, Inc. (BLZE)
CIK:        0001462056
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0001462056-25-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Backblaze Q4 revenue $33.8M (+18% YoY); adjusted EBITDA margin doubles to 14%
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- Q4 revenue $33.8M (+18% YoY); B2 Cloud Storage $17.1M (+22%), Computer Backup $16.7M (+13%).
- Q4 adjusted EBITDA $4.6M (14% margin) vs $1.7M (6%) in Q4 2023; net loss $14.4M (-$0.30/share).
- FY 2024 revenue $127.6M (+25%); adjusted EBITDA $13.0M (10% margin) vs -$3.8M in 2023.
- FY 2025 guidance: revenue $144-146M, adjusted EBITDA margin 16-18%; Q1 2025 revenue $34.1-34.5M.
- ARR $136.7M (+16%); NRR 116%; signed $1M+ ACV deal; AI customers up 65% YoY; cash $54.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462056/000146205625000003/0001462056-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462056/000146205625000003/blze-20250225.htm
  HTML page:      https://secwatch.observer/filing/0001462056-25-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer