secwatch.observer — SEC 8-K summary
======================================

Issuer:     Backblaze, Inc. (BLZE)
CIK:        0001462056
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001628280-25-023132
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Backblaze Q1 revenue up 15% YoY to $34.6M; raises FY 2025 adjusted EBITDA margin guidance to 17-19%
--------------------------------------------------------------------------------

- B2 Cloud Storage revenue grew 23% YoY to $18.0M; Computer Backup revenue up 8% to $16.6M.
- Net loss narrowed to $9.3M from $11.1M; adjusted EBITDA swung to $6.4M (18% of revenue) vs $1.9M (6%) last year.
- Signed its largest multi-million dollar, multi-year contractual commitment in Q1.
- Full-year 2025 revenue guidance raised to $144M-$146M; adjusted EBITDA margin outlook increased to 17%-19%.
- Responded to a false short-and-distort report; independent review found no wrongdoing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462056/000162828025023132/0001628280-25-023132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462056/000162828025023132/blze-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-023132

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