Every 8-K 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 8-K covers material events a company has to report between its quarterly 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, Inc. (BLZE) entered into a financing transaction by issuing $201.25 million aggregate principal amount of 0.00% Convertible Senior Notes due 2031 in a private Rule 144A offering. The Notes bear no regular interest, mature on August 15, 2031, and are senior unsecured obligations.
The initial conversion rate is 45.5705 shares of Class A common stock per $1,000 principal amount (conversion price about $21.94 per share), with a maximum of 11,922,393 shares issuable upon conversion, subject to anti-dilution adjustments. Backblaze may redeem the Notes for cash on or after August 20, 2029 if its share price meets specified thresholds, and holders may require repurchase upon certain fundamental changes.
Backblaze also entered into capped call transactions with a cap price of $33.76 per share, costing approximately $17.5 million, intended to mitigate dilution or excess cash payments upon conversion. A related credit agreement amendment increased the senior secured revolving credit facility from $20 million to $50 million and extended its maturity to April 30, 2030, while revising financial covenants.
Backblaze, Inc. (BLZE) plans a private offering of $150 million aggregate principal amount of Convertible Senior Notes due 2031 to qualified institutional buyers, with an option for initial purchasers to buy up to an additional $22.5 million. The notes will be senior, unsecured obligations and will be convertible into cash, Class A common stock, or a combination, at Backblaze’s election, with final interest and conversion terms set at pricing. Backblaze expects to use part of the net proceeds to fund capped call transactions designed to reduce potential dilution and/or cash payments upon conversion, and the remainder for general corporate purposes, including capital expenditures.
Separately, Backblaze agreed to a Fourth Amendment to its credit agreement to permit the notes and capped calls and expects, at closing, to enter a Fifth Amendment that will increase its senior secured revolving credit facility from $20 million to $50 million, extend the maturity from June 4, 2028 to April 30, 2030, and modify financial covenants, including adding a fixed charge coverage ratio test, removing the minimum consolidated EBITDA threshold, and changing minimum liquidity and maximum total leverage ratio standards.
Backblaze, Inc. reported Q2 2026 results with revenue of $42.7 million, up 18% year over year. B2 Cloud Storage revenue rose to $26.6 million, up 34%, while Computer Backup revenue was $16.1 million, down 2%. Gross margin held at 63%, and adjusted gross margin was 80%. The company posted a GAAP net loss of $5.1 million, or $0.08 per share, improved from a $7.1 million loss, while adjusted EBITDA doubled to $12.8 million (30% margin). Non-GAAP net income was $5.0 million, or $0.08 per share.
Annual recurring revenue reached $177.3 million, up 21%, with B2 ARR up 39% to $113.3 million. Remaining performance obligations climbed to $396 million, driven by a 5+ year, $335 million strategic CoreWeave agreement supporting AI workloads and several large AI-related wins. Cash, cash equivalents and marketable securities totaled $49.9 million, and adjusted free cash flow for the first half was $1.4 million, turning positive.
For Q3 2026, the company expects revenue of $44.4–$44.8 million and adjusted EBITDA margin of 27–29%. Full-year 2026 revenue guidance was raised to $172.0–$174.0 million, with adjusted EBITDA margin guidance increased to 27–29%.
Backblaze, Inc. entered into a material amendment to its existing credit agreement with Citizens Bank, N.A. The change revises a negative covenant governing how much debt the company can incur through capitalized lease transactions.
The amendment expands the indebtedness threshold to permit up to $150 million in capital leases outstanding. This provides Backblaze with greater room to use lease financing while remaining in compliance with the credit agreement. The full terms are contained in the Third Amendment to the Credit Agreement, filed as an exhibit.
Backblaze, Inc. entered into a long-term Master Strategic Agreement with CoreWeave under which Backblaze will provide multi-exabyte cloud object storage and managed storage services in both companies’ data centers. Initial order forms run for five and seven years, and Backblaze estimates total contract value of about $335 million, depending on actual storage usage.
As part of the deal, Backblaze issued CoreWeave two common stock purchase warrants: one for up to 3,053,314 shares and another for up to 1,141,562 shares, each at an exercise price of $7.60 per share. The initial warrant vests 5% per quarter over five years while the additional warrant vests based on contracted storage capacity. The warrants were sold in a private placement to an accredited investor under Section 4(a)(2) and Rule 506(b), and Backblaze agreed to register the resale of the warrant shares with the SEC.
Backblaze, Inc. reported the results of its 2026 Annual Meeting of Stockholders held via live webcast on May 26, 2026. A quorum was present, with 41,732,676 shares of Class A common stock represented, reflecting over 69.53% of the voting power as of April 1, 2026.
Stockholders elected Class II director Jocelyn Carter-Miller to serve until the 2029 annual meeting, receiving 17,716,763 votes for, 8,798,882 against, 43,583 abstentions, and 15,173,448 broker non-votes. Stockholders also ratified the appointment of Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 40,101,662 votes for, 467,994 against, and 1,163,020 abstentions.
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 reported strong Q4 and 2025 results with clear progress toward profitability. Fourth-quarter revenue was $37.8 million, up 12% year over year, driven by B2 Cloud Storage revenue of $21.3 million, which grew 24%. GAAP net loss narrowed to $5.4 million, while adjusted EBITDA reached $10.4 million, a 28% margin.
Adjusted free cash flow turned positive in Q4 at $4.1 million versus a $4.5 million outflow a year earlier. For 2025, revenue rose 14% to $145.8 million, GAAP net loss improved to $25.6 million, and non-GAAP net income was $4.3 million. Annual recurring revenue reached $154.4 million. For 2026, the company guides to revenue of $156.5–$158.5 million and adjusted EBITDA margin of 19%–21%.
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.
Backblaze, Inc. (BLZE) filed an 8-K/A on 7 Aug 2025 to amend its original current report. The sole change is a corrected Exhibit 99.1 press release, which now states that customers contributing more than $50,000 in annual recurring revenue grew 30 % year-over-year in Q2 under the “Up-Market Momentum” section. No other revisions were made. The exhibit is furnished under Item 9.01 and is not deemed “filed” for Exchange Act purposes, limiting its legal incorporation into future Securities Act or Exchange Act filings.