Backblaze Announces Third Quarter 2026 Financial Results
Business Wire•02/11/2026•16:05 ET
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Key Highlights
- ➤Q3 revenue $46.7 million, up 26% year over year
- ➤B2 Cloud Storage revenue $30.5 million, up 47% year over year
- ➤Adjusted EBITDA $15.2 million, or 33% of revenue
- ➤Full-year 2026 revenue outlook raised to $177.8-$178.2 million
- ➤Completed $201 million convertible notes offering due 2031
Expert Statements
Gleb Budman, Co-founder and CEO of Backblaze
“Q3 2026 was another strong quarter, with B2 revenue growth accelerating to 47% year over year, up from 28% a year ago, reflecting broad-based momentum across our customer base.”
Gleb Budman, Co-founder and CEO of Backblaze
“We added a record number of net new B2 self-serve customers, four times as many as in the same period last year.”
Gleb Budman, Co-founder and CEO of Backblaze
“The number of customers contributing more than $50,000 each in ARR grew 57% year over year to 254.”
Gleb Budman, Co-founder and CEO of Backblaze
“We also signed four large agreements across AI and core workloads.”
Gleb Budman, Co-founder and CEO of Backblaze
“As AI customers scale, we are solidifying Backblaze’s role as the capacity tier for AI infrastructure companies and AI builders.”
47% Revenue Growth in B2 Cloud Storage, 26% Revenue Growth Overall in Q3 2026
Backblaze, Inc. (Nasdaq: BLZE), the high-performance capacity storage layer for AI, today announced results for its third quarter ended September 30, 2026.
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