Earnings ·
Backblaze, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026
BLZEBackblaze, Inc.
Backblaze, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. Total revenue increased 18% year-over-year to $42.7 million, driven by a 34% surge in B2 Cloud Storage revenue to $26.6 million, while Computer Backup revenue declined 2% to $16.1 million. The company achieved an Adjusted EBITDA of $12.8 million with a 30% margin, compared to $6.6 million in the prior year period. Backblaze signed a five-year, $335 million strategic agreement with CoreWeave for multi-exabyte object storage capacity, which includes warrants valued at approximately $22 million. Annual recurring revenue (ARR) grew 21% to $177.3 million, and remaining performance obligations (RPO) reached $396 million. Management raised full-year 2026 revenue guidance to a range of $172.0 million to $174.0 million from the previous estimate of $161.5 million to $163.5 million, and expects Q3 2026 revenue between $44.4 million and $44.8 million. Backblaze operates in the cloud storage and data management industry, providing object storage solutions for AI infrastructure and consumer backup services.