secwatch.observer — SEC 8-K summary
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Issuer:     Backblaze, Inc. (BLZE)
CIK:        0001462056
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001628280-25-038582
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 8.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Backblaze Q2 revenue $36.3M (+16% YoY); B2 storage growth accelerates to 29%; raises FY2025 guidance
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- Revenue $36.3M (+16% YoY); B2 Cloud Storage revenue $19.8M (+29% YoY); Computer Backup revenue $16.5M (+4% YoY).
- Adjusted EBITDA $6.6M (18% margin) vs $2.7M (9%) in Q2 2024; non-GAAP net income $0.8M vs loss $4.8M.
- Full-year 2025 revenue guidance raised to $145-147M from $144-146M; Q3 revenue guidance $36.7-37.1M.
- Board authorized $10M stock repurchase program over 12 months, cash-neutral (funded by option exercises and ESPP).
- Customers >$50K ARR grew 53% YoY; first six-figure B2 Overdrive customer signed in early Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462056/000162828025038582/0001628280-25-038582-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462056/000162828025038582/blze-20250807.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-038582

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