Backblaze, Inc. — Form 8-K
Filed August 3, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
Backblaze reported Q2 2026 revenue of $42.7M (+18% YoY), with B2 Cloud Storage revenue of $26.6M (+34% YoY) and Computer Backup of $16.1M (-2% YoY). The company signed a landmark 5+ year, $335M strategic agreement with CoreWeave including 4.2M warrants valued at ~$22M, adding $313M net RPO. Full-year 2026 revenue guidance raised from $161.5–$163.5M to $172.0–$174.0M; Adjusted EBITDA margin raised from 23–25% to 27–29%.
Why this rating
CoreWeave deal is ~139% of market cap, transformational for AI strategy validation. Guidance raise and 34% B2 growth meaningful but constrained by Computer Backup decline and execution risk on new delivery model.
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