Backblaze (BLZE) plans $4.4M–$6.0M Q4 restructuring charges

Backblaze, Inc. (BLZE) disclosed it has initiated a 2025 Restructuring Plan designed to improve efficiency and enhance sales and marketing performance.

Rhea-AI Filing Summary

Backblaze, Inc. (BLZE) disclosed it has initiated a 2025 Restructuring Plan designed to improve efficiency and enhance sales and marketing performance. The company expects total charges of $4.4 million to $6.0 million, primarily in the fourth quarter of 2025.

The charges include an estimated impairment of $0.9 million to $1.2 million tied to reducing its office footprint, along with employee termination expenses and other business transformation costs. Separately, Backblaze furnished a press release and supplemental presentation announcing financial results for the quarter ended September 30, 2025.

Insights

Equity restructuring analyst

Backblaze outlines Q4 one-time restructuring charges of $4.4M–$6.0M.

Backblaze plans a 2025 restructuring focused on sales and marketing efficiency. The company estimates $4.4M–$6.0M in total charges, concentrated in Q4 2025. A portion, $0.9M–$1.2M, is an impairment related to office footprint reduction, with the balance covering termination and transformation costs.

These are primarily one-time items that affect reported earnings when recognized. The mix of impairment and severance suggests both non-cash and cash elements, though exact cash impact is not detailed in the excerpt.

Backblaze also furnished results for the quarter ended September 30, 2025 via press release and presentation. Actual financial effects will be reflected in subsequent filings when these charges are recorded.

8-K Event Classification

3 items: 2.02, 8.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

What restructuring charges did Backblaze (BLZE) announce?

Backblaze expects total charges of $4.4 million to $6.0 million, primarily in Q4 2025, under its 2025 Restructuring Plan.

What is included in Backblaze’s restructuring charges?

The charges include an estimated impairment of $0.9 million to $1.2 million for office footprint reduction, plus termination and transformation costs.

When will the restructuring charges impact Backblaze’s results?

They are expected to be recognized primarily in the fourth quarter of 2025.

Did Backblaze report quarterly results with this 8-K?

Yes. Backblaze furnished a press release and supplemental presentation with results for the quarter ended September 30, 2025.

What areas is Backblaze targeting in the 2025 Restructuring Plan?

The plan is designed to improve efficiency and enhance the performance of sales and marketing functions and other corporate areas.

Is the impairment charge cash or non-cash?

The filing identifies an impairment of $0.9M–$1.2M; impairments are typically non-cash. The excerpt does not quantify total cash impact.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 11/06/2025 - 07:03 AM Learn about SEC filing dates

0001462056FALSE00014620562025-11-062025-11-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 205490

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

November 6, 2025

Date of Report (date of earliest event reported)

Backblaze, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-41026

20-8893125

(State or other jurisdiction of incorporation or organization)

(Commission File Number)

(I.R.S. Employer Identification No.)

201 Baldwin Ave., San Mateo, California

94401

(Address of Principal Executive Offices)

(Zip Code)

(650) 352-3738

Registrant's telephone number, including area code

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Class A Common Stock, par value $0.0001 per share			BLZE			The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Item 2.02 Results of Operations and Financial Condition.

On November 6, 2025, the Company issued a press release announcing its financial results for the quarter ended September 30, 2025. A copy of the press release and supplemental earnings presentation is attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated herein by reference.

This information is intended to be furnished under Item 2.02 and Item 9.01 of Form 8-K, “Results of Operations and Financial Condition” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 8.01 Other Events.

In November 2025, the Company initiated certain transformation and restructuring actions designed primarily to improve efficiency and enhance the performance of its sales and marketing functions, and other corporate actions (the “2025 Restructuring Plan”). As part of the 2025 Restructuring Plan, the Company expects to incur total charges of approximately $4.4 million to $6.0 million, primarily in the fourth quarter of 2025. These charges include an estimated impairment of approximately $0.9 million to $1.2 million related to the reduction of the Company’s footprint at its office facilities, as well as employee termination expenses and other business transformation costs.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.						Description
99.1						Press release issued by Backblaze, Inc., dated November 6, 2025
99.2						Supplemental earnings presentation, dated November 6, 2025
104						Cover Page Interactive Data File (formatted as Inline XBRL)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:			November 6, 2025			Backblaze, Inc.
						By:			/s/ Marc Suidan
									Marc Suidan, Chief Financial Officer