Filing Flows › Backblaze (BLZE) › Q3 2026 › vs Q2 2026
Backblaze (BLZE) Q3 2026 vs Q2 2026 (quarter over quarter)
Backblaze's revenue rose $3.9M (+9%) from $42.7M in Q2 2026 to $46.7M in Q3 2026. The biggest changes: Consumption-based arrangements +$4.0M (+15%); Subscription-based arrangements −$40K (-0.2%).
Backblaze, Q3 2026: revenue $46.7M (+26% year over year), operating margin -3.0%, net loss $2.4M, operating cash flow $9.0M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 13.1% | 22.5% | -9.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Consumption-based arrangements | $29.9M | $25.9M | $4.0M | +15% |
| Subscription-based arrangements | $16.7M | $16.7M | −$40K | -0.2% |
| Revenue | $46.7M | $42.7M | $3.9M | +9% |
| Net loss | $2.4M | $5.1M | −$2.7M | -54% |
| Costs & expenses | $49.0M | $47.8M | $1.2M | +3% |
| Operating costs | $48.1M | $46.9M | $1.2M | +3% |
| Interest & other, net | $894K | $875K | $19K | +2% |
| Income tax | $60K | $40K | $20K | +50% |
| Cost of revenue | $16.8M | $15.9M | $937K | +6% |
| Research & development | $11.3M | $11.0M | $344K | +3% |
| Sales & marketing | $10.7M | $10.2M | $524K | +5% |
| General & admin | $9.2M | $9.8M | −$628K | -6% |
| Operating cash sources | $15.3M | $16.2M | −$836K | -5% |
| Depreciation & amortization | $7.7M | $7.0M | $657K | +9% |
| Share-based compensation | $7.7M | $9.2M | −$1.5M | -16% |
| Net loss absorbed | $2.4M | $5.1M | −$2.7M | -54% |
| Working capital & other | $4.0M | $657K | $3.3M | +504% |
| Operating cash flow | $9.0M | $10.4M | −$1.4M | -14% |
| Free cash flow (OCF − capex) | $6.1M | $9.6M | −$3.5M | -37% |
| Capital expenditures | $2.9M | $802K | $2.1M | +262% |
Questions
How much did Backblaze's revenue grow quarter over quarter in Q3 2026?
Backblaze's revenue rose $3.9M (+9%) from $42.7M in Q2 2026 to $46.7M in Q3 2026.
What drove Backblaze's revenue change in Q3 2026?
Consumption-based arrangements +$4.0M (+15%); Subscription-based arrangements −$40K (-0.2%).