Filing Flows › Backblaze (BLZE) › Q3 2026
Backblaze (BLZE) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 2, 2026
Backblaze (BLZE) reported revenue of $46.7M for the third quarter 2026 (Q3 2026), +26% from a year earlier and +9% from the quarter before. Operating margin was -3.0%, net loss $2.4M (5.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $46.7M | +9% | +26% |
| Operating profit | −$1.4M | — | — |
| Net earnings | −$2.4M | — | — |
| Operating cash flow | $9.0M | -14% | +57% |
| Free cash flow | $6.1M | -37% | +134% |
What changed
Revenue was $46.7M in Q3 2026, up 26% year over year and up 9% from the previous quarter. Consumption-based arrangements was the largest line at 64% of revenue. Consumption-based arrangements added $9.9M year over year (up 50%), 104% of the total change. Subscription-based arrangements declined 2%.
Gross margin was 64.0%, up 1.9 points from Q3 2025. Operating costs exceeded revenue by $1.4M, an operating margin of -3.0%. Operating expenses grew 18% against revenue growth of 26%. The fastest-growing cost line was General & admin (+44%). The quarter ended with a net loss of $2.4M, narrower than the previous quarter's $5.1M loss.
Operating cash flow was $9.0M (up 57% year over year). Non-cash charges added back $7.7M of depreciation and amortization and $7.7M of share-based compensation. Working capital and other items used $4.0M. Capital expenditures of $2.9M left free cash flow of $6.1M.
Questions
What was Backblaze's revenue in the third quarter 2026?
Backblaze (BLZE) reported revenue of $46.7M for the third quarter 2026 (Q3 2026), +26% from a year earlier and +9% from the quarter before.
Was Backblaze profitable in the third quarter 2026?
Operating loss was $1.4M (-3.0% of revenue) and net loss $2.4M.
Source: Backblaze 10-Q on SEC EDGAR.