Backblaze reported third-quarter 2026 revenue of $46.7 million, a 26% increase year-over-year, driven by a 47% surge in B2 Cloud Storage revenue to $30.5 million. The company posted a net loss of $2.4 million compared to $3.8 million in the prior year period and generated adjusted EBITDA of $15.2 million. Management raised its full-year 2026 revenue guidance to between $177.8 million and $178.2 million, up from the previous range of $172.0 million to $174.0 million. Additionally, Backblaze completed a $201 million convertible notes offering earlier in the quarter. The company operates as a high-performance capacity storage layer for AI infrastructure.
