Backblaze Q2 FY26 net loss narrows to $5.1 million; revenue rises 18% YoY to $42.7 million

Reuters2026/08/03 20:09

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Backblaze Q2 ended June 30, 2026 revenue rose 18% year over year to $42.7 million, led by B2 Cloud Storage up 34% to $26.6 million.
Net loss narrowed to $5.1 million from $7.1 million, with loss per share improving to $0.08 from $0.13.
Adjusted EBITDA climbed to $12.8 million from $6.6 million, lifting margin to 30% from 18%.
Signed a 5+ year, $335 million strategic agreement with CoreWeave, including warrants valued at about $22 million; RPO rose to $396 million.
Forecast Q3 revenue of $44.4 million-$44.8 million; raised 2026 revenue outlook to $172 million-$174 million with adjusted EBITDA margin seen at 27%-29%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Backblaze Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260803978932) on August 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Backblaze Q2 FY26 net loss narrows to $5.1 million; revenue rises 18% YoY to $42.7 million

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