Every material Form 8-K Backblaze, Inc. has filed with the SEC since August 18, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Backblaze reported third-quarter 2026 results on November 2, 2026, with revenue of $46.7 million, up 26% from a year earlier, and a net loss of $2.4 million, narrowed from $3.8 million a year earlier. The company raised its full-year 2026 revenue outlook to $177.8 million to $178.2 million, from $172.0 million to $174.0 million, and its adjusted EBITDA margin outlook to 30% to 31%.
B2 Cloud Storage revenue rose 47% to $30.5 million, while Computer Backup revenue fell 2% to $16.2 million.
Net loss per share was $0.04, compared with $0.07 in Q3 2025; adjusted EBITDA was $15.2 million, or 33% of revenue.
Fourth-quarter 2026 revenue is expected between $49.8 million and $50.2 million.
Backblaze completed a $201 million offering of 0% convertible senior notes due 2031.
Backblaze issued $201.25 million of 0.00% convertible senior notes maturing August 15, 2031, including the full $26.25 million option exercised by the initial purchasers. The notes can convert into cash, Class A common stock, or both at the company's election, at about $21.94 per share, a 30% premium to the $16.88 closing price on August 19, 2026. The new debt could dilute existing shareholders if converted, though the company also bought capped call transactions, at a cost of about $17.5 million, that are intended to reduce that dilution.
Notes totaling $201.25 million were issued August 24, 2026, including the $26.25 million option exercised in full.
Initial conversion price is about $21.94 per share, a 30% premium to the $16.88 closing price on August 19, 2026.
Capped call transactions cost about $17.5 million, with a cap price of $33.76 per share.
The revolving credit facility rose from $20 million to $50 million and its maturity was extended from June 4, 2028 to April 30, 2030.
Backblaze announced its intention to offer $150 million of Convertible Senior Notes due 2031 in a private offering to qualified institutional buyers, subject to market conditions, with an option for initial purchasers to buy up to $22.5 million more. The company plans to use part of the proceeds for capped call transactions, which are expected to reduce potential dilution to Class A shareholders upon conversion, and the rest for general corporate purposes, including capital expenditures. The filing also discloses a Fourth Credit Agreement amendment with Citizens Bank, N.A., and a planned Fifth Amendment that would raise the revolving credit facility from $20 million to $50 million, and the interest rate and conversion terms of the notes have not yet been set.
Offering of $150 million aggregate principal of Convertible Senior Notes due 2031, with a 13-day option for up to an additional $22.5 million
Net proceeds to fund capped call transactions, with the remainder for general corporate purposes including capital expenditures
Planned Fifth Amendment would raise the revolving credit facility from $20 million to $50 million and extend its maturity from June 4, 2028 to April 30, 2030
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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