Backblaze Announces $10 Million Share Repurchase Program

SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced that its Board of Directors authorized a share repurchase program to purchase up to $10 million of shares of its common stock through August 1, 2026. With the company on track to turn Adjusted Free Cash Flow positive in Q4 of 2025, using cash from employee exercised stock options and purchases under the Employee Stock Purc