Filing Flows › Backblaze (BLZE) › Q2 2026 › vs Q2 2025
Backblaze (BLZE) Q2 2026 vs Q2 2025 (year over year)
Backblaze's revenue rose $6.4M (+18%) from $36.3M in Q2 2025 to $42.7M in Q2 2026. The biggest changes: Consumption-based arrangements +$6.8M (+35%); Subscription-based arrangements −$337K (-2%); Point in time arrangements −$26K (-24%).
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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 22.5% | 7.6% | +14.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Consumption-based arrangements | $25.9M | $19.2M | $6.8M | +35% |
| Subscription-based arrangements | $16.7M | $17.0M | −$337K | -2% |
| Point in time arrangements | $83K | $109K | −$26K | -24% |
| Revenue | $42.7M | $36.3M | $6.4M | +18% |
| Net loss | $5.1M | $7.1M | −$2.0M | -28% |
| Costs & expenses | $47.8M | $43.4M | $4.4M | +10% |
| Operating costs | $46.9M | $42.5M | $4.3M | +10% |
| Interest & other, net | $875K | $857K | $18K | +2% |
| Income tax | $40K | $0 | $40K | — |
| Cost of revenue | $15.9M | $13.3M | $2.6M | +20% |
| Research & development | $11.0M | $11.9M | −$876K | -7% |
| Sales & marketing | $10.2M | $10.2M | $43K | +0.4% |
| General & admin | $9.8M | $7.2M | $2.6M | +35% |
| Operating cash sources | $16.2M | $12.8M | $3.4M | +27% |
| Depreciation & amortization | $7.0M | $5.5M | $1.5M | +28% |
| Share-based compensation | $9.2M | $7.3M | $1.9M | +25% |
| Net loss absorbed | $5.1M | $7.1M | −$2.0M | -28% |
| Working capital & other | $657K | $2.1M | −$1.5M | -69% |
| Operating cash flow | $10.4M | $3.5M | $6.9M | +194% |
| Free cash flow (OCF − capex) | $9.6M | $2.8M | $6.9M | +249% |
| Capital expenditures | $802K | $784K | $18K | +2% |
Questions
How much did Backblaze's revenue grow year over year in Q2 2026?
Backblaze's revenue rose $6.4M (+18%) from $36.3M in Q2 2025 to $42.7M in Q2 2026.
What drove Backblaze's revenue change in Q2 2026?
Consumption-based arrangements +$6.8M (+35%); Subscription-based arrangements −$337K (-2%); Point in time arrangements −$26K (-24%).