Backblaze Q3 revenue rises 26% to $46.7 million; full-year revenue outlook raised
Backblaze reported third-quarter 2026 results on November 2, 2026, with revenue of $46.7 million, up 26% from a year earlier, and a net loss of $2.4 million, narrowed from $3.8 million a year earlier. The company raised its full-year 2026 revenue outlook to $177.8 million to $178.2 million, from $172.0 million to $174.0 million, and its adjusted EBITDA margin outlook to 30% to 31%.
Key points
- B2 Cloud Storage revenue rose 47% to $30.5 million, while Computer Backup revenue fell 2% to $16.2 million.
- Net loss per share was $0.04, compared with $0.07 in Q3 2025; adjusted EBITDA was $15.2 million, or 33% of revenue.
- Fourth-quarter 2026 revenue is expected between $49.8 million and $50.2 million.
- Backblaze completed a $201 million offering of 0% convertible senior notes due 2031.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 02, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.