secwatch.observer — SEC 8-K summary
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Issuer:     Backblaze, Inc. (BLZE)
CIK:        0001462056
Form:       8-K
Filed at:   2026-02-23T23:59:59+00:00
Accession:  0001628280-26-010594
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Backblaze Q4 revenue $37.8M (+12% YoY); first adjusted FCF positive since IPO
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- B2 Cloud Storage revenue $21.3M (+24% YoY); Computer Backup $16.5M (flat).
- Net loss narrowed to $5.4M from $14.4M; adjusted EBITDA $10.4M (28% margin).
- Adjusted free cash flow $4.1M vs ($4.5M) in Q4 2024, first positive quarter since going public.
- Signed record eight-figure TCV neocloud agreement; ARR $154.4M (+13% YoY).
- Q1 2026 guidance: revenue $37.6-38.0M; FY 2026 revenue $156.5-158.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462056/000162828026010594/0001628280-26-010594-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462056/000162828026010594/blze-20260223.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-010594

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