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Backblaze, Inc. BLZE Q2 2026 earnings

Reported August 3, 2026 · After market close

Revenue$42.7MBeat by $2.8M
EPS$0.08Beat by $0.06
Revenue estimate$39.9M
EPS estimate$0.02
“Q2 was an amazing quarter for Backblaze. We exceeded the high end of our revenue and Adjusted EBITDA guidance, with B2 growth accelerating to 34% year over year. We also signed a $335 million strategic agreement with CoreWeave offering the strongest validation yet of our critical role in the AI infrastructure stack. AI workloads need a capacity storage layer that can scale to exabytes, while delivering performance at attractive economics. That is where Backblaze is built to win.”
Gleb Budman

Next report

Nov 2, 2026 (Tomorrow)
Revenue estimate$44.6M
EPS estimate$0.04

Financials

Q2 2026

Income statement

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Revenue$42.7M+17.7%
Gross profit$26.8M+16.5%
Operating income-$4.2M+33.1%
Net income-$5.1M+28.3%
EPS (diluted)-$0.08+38.5%

Balance sheet

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Cash & equivalents$32.4M+0.7%
Total debt$82.2M+36.7%
Total equity$88.5M+11.2%
Total assets$223.8M+20.3%

Cash flow

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Operating cash flow$10.4M+194%
CapEx$802.0K+2.3%
Free cash flow$9.6M+249%

Valuation & ratios

Valuation

as of 10/30/26
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Market cap$540.39M-7.4%
Enterprise value$590.21M-4.1%
P/S3.5×-0.7×

Profitability

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Gross margin62%+4.7pp
Operating margin-11.2%-4.3pp
Net margin-13.1%-4.8pp
FCF margin15.3%+5.8pp

Returns & leverage

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Return on equity-24.3%-9.6pp
Debt / equity0.9×+0.2×
Current ratio1×-0.1×

Segments

By product

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B2 Cloud Storage$26.6M+34.0%
Consumption-based arrangements$25.9M+35.4%
Subscription-based arrangements$16.7M-2.0%
Computer Backup$16.1M-2.0%
Point in time arrangements$83.0K—

By segment

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Reportable Segment$42.7M+17.7%

FAQ

When did Backblaze, Inc. report Q2 2026 earnings?
Backblaze, Inc. (BLZE) reported Q2 2026 earnings on August 3, 2026 after market close.
What were Backblaze, Inc.'s Q2 2026 revenue and EPS?
Backblaze, Inc. reported revenue of $42.7M and eps of $0.08 for Q2 2026.
Did Backblaze, Inc. beat estimates in Q2 2026?
Revenue beat the consensus estimate of $39.9M by $2.8M. EPS beat the consensus estimate of $0.02 by $0.06.
Where can I find Backblaze, Inc.'s Q2 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-051812) and the 10-Q periodic report (0001628280-26-051818) directly on SEC EDGAR. The filing index links above go to sec.gov.