---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-029795"
form_type: "8-K"
ticker: "BLZE"
cik: "0001462056"
company_name: "Backblaze, Inc."
filed_at: "2026-05-04T23:59:59+00:00"
generated_at: "2026-05-14T23:52:07.835391+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Backblaze Q1 revenue $38.7M (+12% YoY); raised FY2026 revenue guidance to $161.5-$163.5M

## Summary
- Revenue $38.7M (+12% YoY); B2 Cloud Storage revenue $22.4M (+24% YoY).
- Net loss $6.1M ($0.10/shr) improved from $9.3M loss ($0.17/shr) in Q1 2025.
- Adjusted EBITDA $10.1M (26% margin), vs $6.4M (18%) YoY; Non-GAAP net income $2.7M ($0.04/shr).
- AI customer count up 76% YoY; two AI wins contributed ~$1.5M in annual contract value.
- Q2 2026 revenue guidance $39.8M-$40.2M; FY2026 revenue guidance raised to $161.5M-$163.5M.

## SEC filing metadata
- accession: 0001628280-26-029795
- form_type: 8-K
- ticker: BLZE
- cik: 0001462056
- company_name: Backblaze, Inc.
- filed_at: 2026-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462056/000162828026029795/0001628280-26-029795-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462056/000162828026029795/blze-20260504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-029795
- JSON: https://secwatch.observer/filing/0001628280-26-029795.json
- Plain text: https://secwatch.observer/filing/0001628280-26-029795.txt

## Key facts
- Earnings Releases
  Backblaze, Inc. reported first quarter ended March 31, 2026 results: revenue Revenue of $38.7 million, net income Net loss was $6.1 million, EPS Net loss per share was $0.10. Guidance raised.
  - Period: first quarter ended March 31, 2026
  - Revenue: Revenue of $38.7 million
  - Net income: Net loss was $6.1 million
  - EPS: Net loss per share was $0.10
  - Guidance: raised
  - Result: reported results
  source text: San Francisco, CA (May 4, 2026)— Backblaze, Inc. (Nasdaq: BLZE), the high-performance cloud storage platform for the AI era, today announced results for its first quarter ended March 31, 2026. "In Q1, we exceeded the top end of our revenue and Adjusted EBITDA guidance, with B2 growing 24% year over year," said Gleb Budman, co-founder and CEO of Backblaze. "We are seeing growing traction with AI customers, including winning a AI training data company and a generative AI video creation company, jointly contributing about $1.5 million in annual contract value, along with a 76% growth in AI customers year over year. As AI models shift from text to multimodal, the volume of data required to train and operate them grows exponentially, and the need for storage that is performant, open, and cost-efficient at scale has never been greater. Backblaze is emerging as a compelling storage platform of choice for the AI economy." First Quarter 2026 Financial Highlights: (1) • Revenue of $38.7 million,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1462056/000162828026029795/0001628280-26-029795-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.