By Elias Schisgall

Shares of Backblaze tumbled after the company's outlook disappointed Wall Street analysts despite a narrower loss in the fourth quarter.

Shares were down 16% to $3.69 in Tuesday afternoon trading. The stock has fallen 54% in the past six months.

The cloud-storage company late Monday reported a loss of $5.41 million, or 9 cents a share, narrower than its loss of $14.4 million, or 30 cents a share, a year earlier.

On an adjusted basis, the company reported earnings of 6 cents a share. Analysts surveyed by FactSet were expecting 3 cents a share.

Revenue rose to $37.8 million, up from $33.8 million a year earlier and slightly ahead of the $37.6 million expected by analysts.

For the current first quarter, the company is projecting revenue between $37.6 million and $38 million. Analysts had been expecting $38.2 million.

Backblaze is forecasting full-year revenue of between $156.5 million and $158.5 million. Analysts had been expecting $160.9 million prior to the earnings release.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

February 24, 2026 13:11 ET (18:11 GMT)

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