Backblaze Announces Second Quarter 2026 Financial Results
Backblaze reported Q2 revenue of $42.7 million, up 18% year-over-year, exceeding the high end of guidance driven by a 34% surge in B2 Cloud Storage revenue. Profitability expanded significantly with Adjusted EBITDA reaching $12.8 million for a 30% margin, resulting in non-GAAP net income of $5.0 million or $0.08 per share.
Key figures
- Revenue
- 42700000
- Guidance
- FY26 revenue $172.0M-$174.0M, raised from $161.5M-$163.5M; Adjusted EBITDA margin 27%-29%, raised from 23%-25%
- Revenue Yoy
- 18%
- Arr
- 177300000
- Arr yoy
- 21%
- Adj ebitda
- 12800000
- B2 revenue
- 26600000
- Gross margin
- 63%
- Gross profit
- 26800000
- Non gaap eps
- 0.08
- B2 revenue yoy
- 34%
- Adj ebitda margin
- 30%
- Non gaap net income
- 5000000
- Coreweave deal value
- 335000000
- Computer backup revenue
- 16100000
- Computer backup revenue yoy
- -2%
AI analysis
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