Backblaze, Inc. Q4 2025 Earnings Call Summary - Moby Strategic Execution and AI Positioning Achieved first-ever adjusted free cash flow profitability as a public company, demonstrating inherent operating leverage as the platform scales. Stabilized B2 Cloud Storage growth at approximately 20% over the last five quarters by focusing on core use cases and upmarket expansion. Launched B2 Neo, a white-label high-performance storage offering designed to serve as the backend for the roughly 200 emerging 'n ...