Filing Flows › Backblaze (BLZE) › Q2 2026 › vs Q1 2026
Backblaze (BLZE) Q2 2026 vs Q1 2026 (quarter over quarter)
Backblaze's revenue rose $4.0M (+10%) from $38.7M in Q1 2026 to $42.7M in Q2 2026. The biggest changes: Consumption-based arrangements +$4.2M (+19%); Subscription-based arrangements −$100K (-0.6%); Point in time arrangements −$43K (-34%).
Backblaze, Q2 2026: revenue $42.7M (+18% year over year), operating margin -9.8%, net loss $5.1M, operating cash flow $10.4M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 22.5% | 7.0% | +15.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Consumption-based arrangements | $25.9M | $21.7M | $4.2M | +19% |
| Subscription-based arrangements | $16.7M | $16.8M | −$100K | -0.6% |
| Point in time arrangements | $83K | $126K | −$43K | -34% |
| Revenue | $42.7M | $38.7M | $4.0M | +10% |
| Net loss | $5.1M | $6.1M | −$1.1M | -17% |
| Costs & expenses | $47.8M | $44.8M | $3.0M | +7% |
| Operating costs | $46.9M | $44.0M | $2.9M | +7% |
| Interest & other, net | $875K | $766K | $109K | +14% |
| Income tax | $40K | $28K | $12K | +43% |
| Cost of revenue | $15.9M | $15.1M | $742K | +5% |
| Research & development | $11.0M | $11.3M | −$284K | -3% |
| Sales & marketing | $10.2M | $10.3M | −$69K | -0.7% |
| General & admin | $9.8M | $7.3M | $2.5M | +34% |
| Operating cash sources | $16.2M | $13.6M | $2.5M | +19% |
| Depreciation & amortization | $7.0M | $6.7M | $277K | +4% |
| Share-based compensation | $9.2M | $6.9M | $2.3M | +33% |
| Net loss absorbed | $5.1M | $6.1M | −$1.1M | -17% |
| Working capital & other | $657K | $4.1M | −$3.5M | -84% |
| Operating cash flow | $10.4M | $3.4M | $7.1M | +210% |
| Free cash flow (OCF − capex) | $9.6M | $2.7M | $6.9M | +255% |
| Capital expenditures | $802K | $651K | $151K | +23% |
Questions
How much did Backblaze's revenue grow quarter over quarter in Q2 2026?
Backblaze's revenue rose $4.0M (+10%) from $38.7M in Q1 2026 to $42.7M in Q2 2026.
What drove Backblaze's revenue change in Q2 2026?
Consumption-based arrangements +$4.2M (+19%); Subscription-based arrangements −$100K (-0.6%); Point in time arrangements −$43K (-34%).