secwatch.observer — SEC 8-K summary
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Issuer:     Backblaze, Inc. (BLZE)
CIK:        0001462056
Form:       8-K
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0001628280-26-029795
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462056/000162828026029795/0001628280-26-029795-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462056/000162828026029795/blze-20260504.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-029795

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