Backblaze (BLZE) risk factors
Item 1A of every Backblaze, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors55 risks5 new4 dropped23 reworded
Backblaze is managing headcount reductions while expanding its focus on AI model builders and neocloud partners. The company faces new operational constraints from a $20 million credit facility and potential short seller manipulation. Tax legislation like the OBBB Act will affect net operating losses.
Filed Mar 10, 2026 - FY2024 10-K risk factors54 risks
Backblaze carries significant accumulated deficits with ongoing net losses of $48.5 million in 2024 and $59.7 million in 2023. Operations depend heavily on third-party data centers, hard drive suppliers, and payment processors like Stripe. Growth requires successfully expanding into larger mid-market organizations against dominant cloud competitors like AWS and Google.
Filed Mar 11, 2025