Highest-materiality recent filing
Backblaze amends credit agreement to allow up to $150M in capital leases
Amendment with Citizens Bank raises capital lease threshold to $150M from prior limit.
Backblaze signs $335M multi-exabyte storage deal with CoreWeave, grants warrants
Total contract value ~$335M over initial 5- and 7-year order forms for cloud storage services.
Backblaze stockholders elect director and ratify auditor at 2026 annual meeting
Jocelyn Carter-Miller elected Class II director with 17,716,763 for, 8,798,882 against, 43,583 abstain, 15,173,448 broker non-votes.
Backblaze Q1 revenue $38.7M (+12% YoY); raised FY2026 revenue guidance to $161.5-$163.5M
Revenue $38.7M (+12% YoY); B2 Cloud Storage revenue $22.4M (+24% YoY).
Backblaze Q4 revenue $37.8M (+12% YoY); first adjusted FCF positive since IPO
B2 Cloud Storage revenue $21.3M (+24% YoY); Computer Backup $16.5M (flat).
Q3 revenue $37.2M (+14% YoY); B2 storage revenue $20.7M (+28%); net loss narrowed to $3.8M from $12.8M.
Backblaze Q2 revenue up 16% to $36.3M; B2 growth accelerates to 29%; raises FY2025 revenue guidance
Revenue $36.3M (+16% YoY); B2 Cloud Storage $19.8M (+29% YoY); Computer Backup $16.5M (+4% YoY).
Backblaze Q2 revenue $36.3M (+16% YoY); B2 storage growth accelerates to 29%; raises FY2025 guidance
Revenue $36.3M (+16% YoY); B2 Cloud Storage revenue $19.8M (+29% YoY); Computer Backup revenue $16.5M (+4% YoY).
Backblaze SVP Engineering Tina Cessna to step down; CTO Brian Beach interim
Tina Cessna, SVP of Engineering, will step down at end of August 2025 after a transition period.
Backblaze enters $20M senior secured revolving credit facility with Citizens Bank
Facility matures June 2027 with optional 12-month extension; SOFR+3.25% or ABR+2.25% interest.
Backblaze stockholders elect two Class I directors and ratify auditor at 2025 annual meeting
Barbara Nelson elected director with 16.2M for, 6.1M withheld; Earl E. Fry with 16.6M for, 5.7M withheld.
Backblaze Q1 revenue up 15% YoY to $34.6M; raises FY 2025 adjusted EBITDA margin guidance to 17-19%
B2 Cloud Storage revenue grew 23% YoY to $18.0M; Computer Backup revenue up 8% to $16.6M.
Backblaze dismisses BDO as auditor, engages Deloitte; prior material weaknesses remediated
Dismissed BDO USA as independent auditor effective April 8, 2025; no adverse opinions or disagreements in fiscal 2023 or 2024.
Backblaze Q4 revenue $33.8M (+18% YoY); adjusted EBITDA margin doubles to 14%
Q4 revenue $33.8M (+18% YoY); B2 Cloud Storage $17.1M (+22%), Computer Backup $16.7M (+13%).
Backblaze terminates credit facility with City National Bank after paying down balance
Voluntarily terminated Loan and Security Agreement with City National Bank on December 10, 2024.
Backblaze amends bylaws; removes CEO special meeting power, tightens nomination rules
Reduced secretary's response time to stockholder questionnaire requests from 10 to five business days.
Backblaze prices upsized $35M follow-on offering of 6.25M shares at $5.60
Gross proceeds ~$35M from 6,250,000 shares at $5.60; underwriters have 30-day option for additional 937,500 shares.
Backblaze Q3 revenue +29% to $32.6M, Adj EBITDA margin 12%, announces 12% workforce reduction
Revenue $32.6M (+29% YoY); B2 Cloud Storage $16.2M (+39%), Computer Backup $16.4M (+20%).
Backblaze Q2 revenue up 27% to $31.3M; posts adjusted EBITDA profit; new CFO named
Revenue $31.3M (+27% YoY); B2 Cloud Storage $15.4M (+43% YoY); Computer Backup $15.9M (+15% YoY).
Backblaze stockholders elect Budman, D'An as Class III directors; ratify BDO USA auditor
Quorum of 30,691,067 shares (over 74% voting power) present at May 16, 2024 Annual Meeting.
Backblaze Q1 revenue up 28% to $30M, turns adjusted EBITDA positive; CFO plans retirement
Revenue $30.0M (+28% YoY); B2 Cloud Storage revenue $14.6M (+47% YoY).
Backblaze Q4 revenue up 25% YoY to $28.7M; first adjusted EBITDA positive
Q4 revenue $28.7M (+25% YoY); B2 Storage $14.0M (+47% YoY); Computer Backup $14.7M (+10% YoY).
Backblaze Q3 revenue $25.3M (+15% YoY); net loss $16.1M; ARR $100.9M; guides Q4 rev $27.9-28.7M
Revenue $25.3M (+15% YoY); B2 Cloud Storage revenue $11.6M (+31% YoY).
Backblaze raises 2023 revenue guidance to $100-102M, improves EBITDA margin outlook
2023 revenue guidance raised to $100-102M from $98-102M, midpoint now $101M.
Backblaze Q2 revenue up 19% to $24.6M; net loss widens to $14.3M; B2 storage grows 39%
Revenue $24.6M (+19% YoY); B2 Cloud revenue $10.8M (+39% YoY); ARR $97.3M (+18%).
Backblaze completes conversion of all Class B shares into Class A, eliminating dual-class structure
Class B holders approved conversion; all ~11.2M Class B shares convert to Class A effective July 6, 2023.
Backblaze Class B holders call special meeting to convert all Class B shares to Class A
Special meeting of Class B holders set for July 5, 2023 to vote on 1:1 conversion to Class A.
Backblaze stockholders approve amended equity plan, elect director at 2023 annual meeting
Stockholders approved amended 2021 Equity Incentive Plan increasing available shares to 14,662,500 plus annual increases.
Backblaze Q1 revenue up 20% to $23.4M, B2 storage grows 42%, net loss widens to $17.1M
Revenue $23.4M (+20% YoY); B2 Cloud Storage revenue $10.0M (+42% YoY); Computer Backup $13.4M (+8% YoY).
Backblaze Q4 revenue $22.9M (+23% YoY); net loss widens to $14.8M, guides FY2023 rev $98-102M
Q4 revenue $22.9M (+23% YoY); B2 Cloud Storage revenue up 44% to $9.5M.
Backblaze reaffirms Q4 2022 revenue guidance of $22.5M-$22.9M, over 20% YoY
Q4 2022 revenue reaffirmed at $22.5M-$22.9M; adjusted EBITDA margin (14%)-(10%).
Backblaze Q3 revenue $22.1M (+27% YoY); net loss widens to $(12.8)M; FY guidance narrowed
Revenue of $22.1M (+27% YoY); B2 Cloud Storage revenue $8.8M (+48%), Computer Backup $13.1M (+17%).
Backblaze CTO Brian Wilson steps down; moves to advisory role through year-end
Brian Wilson resigned as CTO effective Nov 7, 2022; will serve as advisory CTO through Dec 31, 2022.
Backblaze preliminary Q3 revenue $22.0-22.1M, beats guidance; adjusted EBITDA margin improves
Preliminary Q3 revenue $22.0-22.1M, above prior guidance of $21.4-21.8M.
Backblaze Q2 revenue up 28% YoY to $20.7M; net loss widens to $11.6M
Revenue $20.7M (+28% YoY); B2 Cloud Storage $7.7M (+45%), Computer Backup $12.8M (+20%).
Backblaze stockholders elect Nelson and Fry as Class I directors; auditor ratified
Annual meeting held June 2, 2022; over 70% of combined voting power represented quorum.
Backblaze Q1 revenue $19.5M (+27% YoY), net loss $(12.5)M vs $(3.7)M
Revenue $19.5M (+27% YoY); B2 Cloud Storage $7.0M (+48%), Computer Backup $12.3M (+18%)
Backblaze expands credit facility from $9.5M to $30M revolving line with City National Bank
Revolving line increased to $30 million from $9.5 million under amended loan agreement.
Founders converted portion of Class B to Class A shares in conjunction with pre-arranged 10b5-1 trading plans adopted in late Feb 2022.
Backblaze Q4 revenue up 28% to $18.7M; net loss widens to $9.6M, guides Q1 rev $19.0-19.5M
Revenue $18.7M (+28% YoY); full-year $67.5M (+25%). B2 Cloud Storage revenue $6.6M (+56%), Computer Backup $11.9M (+16%).
Backblaze Q3 revenue up 25% to $17.3M; net loss widens to $6.0M
B2 Cloud Storage revenue surged 59% YoY to $6.0M; Computer Backup up 13% to $11.2M.
Backblaze IPO underwriters exercise over-allotment for 937,500 additional shares
Underwriters exercised option to purchase 937,500 shares of Class A common stock to cover over-allotments.
On June 13, 2025, Backblaze, Inc. (the “Company”) announced that Tina Cessna, the Company’s Senior Vice President of Engineering, will be stepping down from her role at the end of August 2025 following a transition period.
Frank Patchel will be retiring from his position as Chief Financial Officer (and Principal Financial and Accounting Officer) of the Company, effective August 16, 2024.
Marc Suidan will be joining the Company as Chief Financial Officer (and Principal Financial and Accounting Officer), effective August 16, 2024.
On May 8, 2024, the Company announced that Frank Patchel, Chief Financial Officer, is intending to retire from the Company later in 2024 following the hiring and onboarding of his replacement.
On November 7, 2022, Backblaze, Inc. (the "Company") announced that Brian Wilson is stepping down from his position as Chief Technology Officer ("CTO") of the Company, effective immediately, but will serve in an advisory CTO capacity through the end of the year and plans to continue as an employee of the Company.
Max materiality 0.90 · Median 0.62 · Most common event earnings