secwatch.observer — SEC 8-K summary
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Issuer:     Backblaze, Inc. (BLZE)
CIK:        0001462056
Form:       8-K/A
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001628280-25-038639
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Backblaze Q2 revenue up 16% to $36.3M; B2 growth accelerates to 29%; raises FY2025 revenue guidance
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- Revenue $36.3M (+16% YoY); B2 Cloud Storage $19.8M (+29% YoY); Computer Backup $16.5M (+4% YoY).
- Net loss narrowed to $7.1M ($0.13 loss/share) from $10.3M ($0.25 loss) in Q2 2024; Adjusted EBITDA $6.6M (18% margin) vs $2.7M (9%).
- FY2025 revenue guidance raised to $145-147M (from $144-146M); Q3 revenue guided $36.7-37.1M with 17-19% adjusted EBITDA margin.
- ARR $145.9M (+16% YoY); B2 ARR $80.7M (+29% YoY); NRR 109% overall, B2 NRR 112%.
- Authorized $10M stock repurchase program (cash-neutral from employee options) and secured new $20M credit facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462056/000162828025038639/0001628280-25-038639-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462056/000162828025038639/blze-20250807.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-038639

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