Backblaze — Q3 2026 Earnings Summary

Backblaze reported third-quarter 2026 revenue of $46.7 million, representing a 26% year-over-year increase driven by a 47% surge in B2 Cloud Storage revenue. The company achieved an adjusted EBITDA of $15.2 million and a non-GAAP net income of $6.7 million, while raising its full-year 2026 revenue outlook to between $177.8 million and $178.2 million. Operational highlights included a 29% year-over-year growth in annual recurring revenue to $190.7 million and the addition of a record number of new B2 self-serve customers. Additionally, Backblaze completed a $201 million convertible notes offering and signed four large agreements supporting AI and core workloads.