Welcome to our dedicated page for Backblaze SEC filings (Ticker: BLZE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Backblaze, Inc. filings document the company’s cloud storage business, public-company governance, and capital structure. Form 8-K reports furnish quarterly results and earnings presentations covering revenue, gross profit, adjusted metrics, and operating trends for B2 Cloud Storage and Computer Backup.
The company’s SEC record also includes proxy materials for annual stockholder matters, board and governance disclosures, and executive compensation items. Material-event filings have documented amendments to credit arrangements, a Class A common stock repurchase program, restructuring actions, exhibit corrections, and other corporate events affecting financial condition, operations, or disclosure controls.
Backblaze, Inc. CEO Gleb Budman reported routine share dispositions tied to equity compensation, not open-market trading. On Class A Common Stock, he recorded a disposition to the issuer of 18,000 shares at $7.43 per share and a separate tax-withholding disposition of 13,256 shares at the same price. Footnotes explain these entries relate to previously issued restricted stock units that were retired for cash and settled at the closing share price on the vesting date. One reported line shows he continued to hold 2,215,962 shares directly after the transactions.
Backblaze, Inc. Chief Financial Officer Marc Suidan reported routine share movements involving the company’s Class A common stock. On May 19, 2026, he acquired 2,500 shares at $3.68 per share through the company’s 2021 Employee Stock Purchase Plan for the purchase period from November 20, 2025 through May 19, 2026, a transaction exempt under Rule 16b-3(c).
On May 20, 2026, the company retired 18,000 previously issued restricted stock units for cash upon vesting and used 269 shares to cover the exercise price or tax liability, both settled at $7.43 per share, the closing price on the vesting date. After these transactions, Suidan directly holds 362,711 shares of Class A common stock.
Backblaze, Inc. CEO and Chairperson Gleb Budman reported a tax-related share disposition. On May 14, 2026, 3,833 shares of Class A Common Stock were withheld at $7.27 per share to cover tax obligations. After this routine tax-withholding transaction, Budman directly holds 2,247,218 shares.
Backblaze, Inc. Chief Financial Officer Marc Suidan reported a routine tax-related share disposition. On May 14, 2026, 2,555 shares of Class A Common Stock were delivered at $7.27 per share to satisfy tax obligations, rather than sold in the open market. Following this transaction, he directly holds 378,480 shares, indicating that the disposition represents a small portion of his overall stake and reflects standard equity compensation tax withholding rather than a discretionary sale.
AWM Investment Company, Inc. reports beneficial ownership of 1,400,166 shares (2.3%) of Backblaze, Inc. Class A common stock. The filing states AWM acts as investment adviser to five funds and holds voting and dispositive power over 180,916 shares for Special Situations Private Equity Fund, L.P.; 204,876 shares for Special Situations Technology Fund, L.P.; and 1,014,374 shares for Special Situations Technology Fund II, L.P. The filing is an amendment signed by Adam Stettner.
Backblaze, Inc. reported first-quarter 2026 revenue of $38.7M, up 12% from 2025, as its B2 Cloud Storage business expanded. B2 revenue rose 24% to $22.4M, while Computer Backup slipped 2% to $16.2M. Gross margin improved to 61% from 56%, helped by lower depreciation from extended equipment lives.
The company’s net loss narrowed to $6.1M from $9.3M, and operating cash flow was positive at $3.4M. Total annual recurring revenue reached $158.2M, driven by B2 ARR growth to $93.0M and a B2 net revenue retention rate of 110%. Backblaze continued executing its 2025 Restructuring and Transformation Plan, recording $2.2M of related charges while also repurchasing $0.8M of stock.
Backblaze, Inc. reported solid first quarter 2026 results, highlighted by faster growth in its B2 Cloud Storage business and improved profitability metrics. Revenue reached $38.7 million, up 12% year over year, driven by B2 Cloud Storage revenue of $22.4 million, which grew 24% while Computer Backup revenue was $16.2 million and relatively flat.
GAAP gross profit was $23.5 million with a 61% margin, up from 56% a year earlier. Net loss narrowed to $6.1 million, or $0.10 per share, compared with a $9.3 million loss, or $0.17 per share, in Q1 2025. On a non-GAAP basis, adjusted EBITDA improved to $10.1 million, or 26% of revenue, versus $6.4 million, or 18%.
Annual recurring revenue was $158.2 million, up 13%, with B2 ARR of $93.0 million up 28%. The company highlighted 76% growth in AI customers and about $1.5 million in annual contract value from two new AI wins. Management raised full-year 2026 guidance to revenue of $161.5–$163.5 million and a higher adjusted EBITDA margin outlook of 23–25%, and guided Q2 2026 revenue to $39.8–$40.2 million with adjusted EBITDA margin of 21–23%.
Backblaze, Inc. is asking stockholders to elect Jocelyn Carter‑Miller as the sole Class II director to serve until 2029 and to ratify Deloitte & Touche LLP as independent auditor for the year ending December 31, 2026. The annual meeting will be held virtually on May 26, 2026.
The proxy details a staggered five‑member, majority‑independent board, director and executive pay (including 2025 CEO compensation of $2.67M, largely in RSUs), and performance‑based bonus plans paid in RSUs. It also explains the 2025 transition from BDO USA, P.C. to Deloitte, noting earlier internal control material weaknesses that were fully remediated by December 31, 2024.
Suidan Marc reported acquisition or exercise transactions in this Form 4 filing.
Backblaze, Inc. Chief Financial Officer Marc Suidan reported an equity award of 85,470 shares of Class A common stock in the form of restricted stock units (RSUs). These RSUs carry no purchase price and represent a contingent right to receive one share for each unit granted.
The award is subject to a service-based vesting schedule, vesting quarterly over approximately three years, with the first 1/12th tranche vesting on May 14, 2026, so long as he remains in continuous service. Following this grant, Suidan directly holds 381,035 shares of Class A common stock.
Budman Gleb reported acquisition or exercise transactions in this Form 4 filing.
Backblaze, Inc. CEO and Chairperson Gleb Budman received a grant of 128,205 restricted stock units (RSUs) of Class A common stock. The RSUs vest quarterly over approximately three years, with the first 1/12th tranche vesting on May 14, 2026, as long as he remains in continuous service. Following this award, Budman directly holds 2,251,051 shares of Class A common stock.