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Backblaze vs BigBear.ai Holdings: BLZE and BBAI compared
Backblaze is the larger company: $46.7M of revenue in its latest quarter (Q3 2026) against $43.6M for BigBear.ai Holdings (Q3 2026). BigBear.ai Holdings is growing faster (+32% against +26% a year earlier). Backblaze is more profitable, with an operating margin of -3.0% against -229.4%.
Where the money goes: BLZE and BBAI
Backblaze (BLZE) · Q3 2026
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.
BigBear.ai Holdings (BBAI) · Q3 2026
BigBear.ai Holdings, Q3 2026: revenue $43.6M (+32% year over year), operating margin -229.4%, net loss $91.9M, operating cash flow −$9.6M. The chart follows the revenue to costs, profit and cash.
| Backblaze (BLZE) | BigBear.ai Holdings (BBAI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $46.7M | $43.6M |
| Revenue growth, Y/Y | +26% | +32% |
| Operating margin | -3.0% | -229.4% |
| Net earnings | −$2.4M | −$91.9M |
| Net margin | -5.1% | -210.8% |
| Operating cash flow | $9.0M | −$9.6M |
| Free cash flow | $6.1M | — |
Where the revenue comes from
Backblaze
- Consumption-based arrangements: $29.9M (64%)
- Subscription-based arrangements: $16.7M (36%)
Questions
Which is bigger, Backblaze or BigBear.ai Holdings?
Backblaze is the larger company: $46.7M of revenue in its latest quarter (Q3 2026) against $43.6M for BigBear.ai Holdings (Q3 2026).
Is Backblaze or BigBear.ai Holdings growing faster?
BigBear.ai Holdings is growing faster (+32% against +26% a year earlier).
Which is more profitable, Backblaze or BigBear.ai Holdings?
Backblaze is more profitable, with an operating margin of -3.0% against -229.4%.
More: Backblaze earnings · how Backblaze makes money · BigBear.ai Holdings earnings · how BigBear.ai Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 2, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.