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Backblaze, Inc. BLZE Q1 2026 earnings

Reported May 4, 2026 · After market close

Revenue$38.7MBeat by $882.7K
EPS$0.04Beat by $0.02
Revenue estimate$37.8M
EPS estimate$0.02

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$44.6M
EPS estimate$0.04

Financials

Q1 2026

Income statement

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Revenue$38.7M+11.7%
Gross profit$23.5M+22.2%
Operating income-$5.4M+39.0%
Net income-$6.1M+34.1%
EPS (diluted)-$0.10+41.2%

Balance sheet

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Cash & equivalents$26.3M-35.3%
Total debt$62.0M+35.7%
Total equity$84.6M+8.8%
Total assets$192.7M+13.2%

Cash flow

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Operating cash flow$3.4M-32.0%
CapEx$651.0K+29.4%
Free cash flow$2.7M-39.0%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$207.35M-20.9%
Enterprise value$243.1M-9.1%
P/S1.4×-0.6×

Profitability

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Gross margin62.1%+7.1pp
Operating margin-13.4%-5.0pp
Net margin-15%-5.5pp
FCF margin11.4%+2.2pp

Returns & leverage

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Return on equity-27.6%-10.7pp
Debt / equity0.7×+0.1×
Current ratio1×0.0×

Segments

By product

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B2 Cloud Storage$22.4M+24.3%
Consumption-based arrangements$21.7M+24.8%
Subscription-based arrangements$16.8M-1.8%
Computer Backup$16.2M-2.0%
Point in time arrangements$126.0K—

By segment

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Reportable Segment$38.7M+11.7%

FAQ

When did Backblaze, Inc. report Q1 2026 earnings?
Backblaze, Inc. (BLZE) reported Q1 2026 earnings on May 4, 2026 after market close.
What were Backblaze, Inc.'s Q1 2026 revenue and EPS?
Backblaze, Inc. reported revenue of $38.7M and eps of $0.04 for Q1 2026.
Did Backblaze, Inc. beat estimates in Q1 2026?
Revenue beat the consensus estimate of $37.8M by $882.7K. EPS beat the consensus estimate of $0.02 by $0.02.
How did Backblaze, Inc.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 11.7% from $34.6M a year earlier.
Where can I find Backblaze, Inc.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-029795) and the 10-Q periodic report (0001628280-26-029797) directly on SEC EDGAR. The filing index links above go to sec.gov.