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Backblaze (BLZE) guidance and outlook

Backblaze (BLZE) raised its guidance on Nov 2, 2026: Revenue $49.8M–$50.2M for Q4 2026; EBITDA margin 32%–34% for Q4 2026; Revenue $178M for FY2026; EBITDA margin 30%–31% for FY2026. Backblaze's 10-Q filed Nov 2, 2026 makes 32 forward-looking statements.

Guidance and outlook

Latest guidance

From the earnings release filed Nov 2, 2026 (8-K on EDGAR).

Forward-looking statements, 10-Q filed Nov 2, 2026

• Our historical results are not necessarily indicative of the results that may be expected for any period in the future.
• We aim to achieve this mission through purpose-built software and operational expertise that together enable a cloud storage solution optimized for price-to-performance at scale.
• As we continue expanding and accelerating our movement up-market, we expect our direct sales activities to increasingly contribute to the acquisition of customers like these.
• (“CoreWeave”), a leading AI cloud platform provider, under which we will provide committed B2 Cloud Storage capacity and managed storage on CoreWeave’s infrastructure (the “CoreWeave Agreement”).
• We expect to incur additional charges of approximately $0.9 million to $2.0 million through the first quarter of 2027, at which time the 2025 Restructuring and Transformation Plan is expected to be completed.
• We used $17.5 million of the net proceeds to pay the cost of separately negotiated capped call transactions and intend to use the remainder for general corporate purposes, including capital expenditures.
• The Capped Calls are generally expected to reduce potential dilution of our Class A common stock upon conversion of the Notes and/or offset cash payments we may be required to make in excess of the principal amount of converted Notes, in each case subject to a cap.
• We believe that the future growth and performance of our business will depend on several factors, including the following:
• We believe effective execution of this transformation will continue to improve customer acquisition efficiency, increase average contract values, and drive long-term revenue growth.
• Additionally, we are investing in targeted marketing initiatives including account-based marketing, digital advertising, industry events, and content programs anchored by our blog, case studies, and earned media to increase brand awareness and perceived relevance in modern architectures, improve conversion rates, and pursue higher-value prospects.
• We are making targeted investments to position the Company in AI-related ecosystems where we see meaningful market potential, including neocloud platform providers and AI-native developers and startups.
• By integrating B2 Cloud Storage with open-source projects, our AI developer team is working to position our platform as a default selection for generative AI projects.

Backblaze's latest quarter

Questions

Did Backblaze raise or lower its guidance?

Backblaze (BLZE) raised its guidance on Nov 2, 2026: Revenue $49.8M–$50.2M for Q4 2026; EBITDA margin 32%–34% for Q4 2026; Revenue $178M for FY2026; EBITDA margin 30%–31% for FY2026.

What does Backblaze expect?

Our historical results are not necessarily indicative of the results that may be expected for any period in the future. We aim to achieve this mission through purpose-built software and operational expertise that together enable a cloud storage solution optimized for price-to-performance at scale. As we continue expanding and accelerating our movement up-market, we expect our direct sales activities to increasingly contribute to the acquisition of customers like these.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.