Filing Flows › Backblaze (BLZE) › Q2 2026
Backblaze (BLZE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 3, 2026
Backblaze (BLZE) reported revenue of $42.7M for the second quarter 2026 (Q2 2026), +18% from a year earlier and +10% from the quarter before. Operating margin was -9.8%, net loss $5.1M (11.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $42.7M | +10% | +18% |
| Operating profit | −$4.2M | — | — |
| Net earnings | −$5.1M | — | — |
| Operating cash flow | $10.4M | +210% | +194% |
| Free cash flow | $9.6M | +255% | +249% |
What changed
Revenue was $42.7M in Q2 2026, up 18% year over year and up 10% from the previous quarter. Consumption-based arrangements was the largest line at 61% of revenue. Consumption-based arrangements added $6.8M year over year (up 35%), 106% of the total change. Point in time arrangements declined 24%.
Gross margin was 62.8%, down 0.7 points from Q2 2025. Operating costs exceeded revenue by $4.2M, an operating margin of -9.8%. Operating expenses grew 6% against revenue growth of 18%. The fastest-growing cost line was General & admin (+35%). The quarter ended with a net loss of $5.1M, narrower than the previous quarter's $6.1M loss.
Operating cash flow was $10.4M (up 194% year over year). Non-cash charges added back $7.0M of depreciation and amortization and $9.2M of share-based compensation. Working capital and other items used $657K. Capital expenditures of $802K left free cash flow of $9.6M.
Questions
What was Backblaze's revenue in the second quarter 2026?
Backblaze (BLZE) reported revenue of $42.7M for the second quarter 2026 (Q2 2026), +18% from a year earlier and +10% from the quarter before.
Was Backblaze profitable in the second quarter 2026?
Operating loss was $4.2M (-9.8% of revenue) and net loss $5.1M.
Source: Backblaze 10-Q on SEC EDGAR.