Every 10-Q that Backblaze, Inc. (BLZE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BLZE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BLZE filings page.
Backblaze reported Q2 2026 revenue of $42.7 million, up from $36.3 million a year earlier, led by B2 Cloud Storage. Net loss narrowed to $5.1 million for the quarter and $11.2 million for the first half, while operating cash flow improved to $13.8 million.
A major development was a multi-year Master Strategic Agreement with CoreWeave, with aggregate contract value of approximately $335.1 million for committed B2 Cloud Storage capacity and managed storage services, contributing to remaining performance obligations of $396.0 million. In connection, Backblaze issued CoreWeave warrants for 4.2 million Class A shares at $7.60 per share, to be recognized as a reduction of revenue as related services are delivered.
The company continues its 2025 restructuring and transformation plan focused on sales, marketing, and product, incurring $3.5 million in charges year-to-date and expecting an additional $2.4–$3.7 million through the first quarter of 2027. Backblaze increased B2 pay-as-you-go pricing to $6.95 per terabyte per month and remains an emerging growth company, planning to phase into full disclosure requirements by year-end 2026.
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 (BLZE) reported Q3 2025 results showing continued top-line growth and sharply lower losses. Revenue reached $37.2 million (from $32.6 million a year ago), with B2 Cloud Storage at $20.7 million and Computer Backup at $16.5 million. Gross profit was $23.1 million. Loss from operations improved to $3.3 million, and net loss narrowed to $3.8 million, or $0.07 per share.
Year‑to‑date, revenue was $108.1 million with a net loss of $20.2 million. A Q2 change in estimated useful lives for storage equipment reduced depreciation and increased net income by approximately $1.7 million in Q3. Cash and cash equivalents were $29.1 million and marketable securities $21.2 million. Operating cash flow for the first nine months was $14.2 million.
The company repurchased 142,069 shares for $1.2 million, leaving about $8.8 million authorized. A $20.0 million revolving credit facility had $2.5 million outstanding at quarter‑end and was repaid in October. Remaining performance obligations were $46.1 million, with roughly 75% expected over the next 12 months.
Backblaze, Inc. (BLZE) Q2 2025 highlights: Revenue rose to $36.3M in Q2 2025 from $31.3M in Q2 2024 (+16%), with six‑month revenue of $70.9M vs. $61.3M a year earlier. Gross profit improved to $23.0M (Q2 2025) from $17.2M (Q2 2024). Net loss narrowed to $7.1M (Q2 2025), or $0.13 per share, versus a $10.3M loss (-$0.25) in Q2 2024.
Balance sheet and liquidity: cash and cash equivalents were $32.2M and marketable securities $18.4M as of June 30, 2025; total assets $186.0M, total liabilities $106.4M, and total stockholders' equity $79.6M. Remaining performance obligations (RPOs) were $44.9M, with ~77% expected to be recognized in the next 12 months.
Other material items disclosed: an accounting change extending useful lives of data center and machinery equipment to six years increased net income by $2.4M for the quarter and is expected to reduce depreciation by ~$2.8M for the remainder of 2025; a $20.0M senior secured revolving credit facility (Citizens Bank, N.A.) was established on June 4, 2025 with $20.0M available as of June 30, 2025; a lease amendment increased undiscounted minimum lease payments by approximately $34.5M; accounts receivable concentration: 44% of AR from two customers as of June 30, 2025; subsequent event: board approved a share repurchase program up to $10.0M (announced August 2025).