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Upland Software vs Backblaze: UPLD and BLZE compared
Upland Software is the larger company: $47.5M of revenue in its latest quarter (Q3 2026) against $46.7M for Backblaze (Q3 2026). Backblaze is growing faster (+26% against -6% a year earlier). Upland Software is more profitable, with an operating margin of 11.2% against -3.0%.
Where the money goes: UPLD and BLZE
Upland Software (UPLD) · Q3 2026
Upland Software, Q3 2026: revenue $47.5M (-6% year over year), operating margin 11.2%, net loss $451K, operating cash flow $2.8M. The chart follows the revenue to costs, profit and cash.
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.
| Upland Software (UPLD) | Backblaze (BLZE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $47.5M | $46.7M |
| Revenue growth, Y/Y | -6% | +26% |
| Operating margin | 11.2% | -3.0% |
| Net earnings | −$451K | −$2.4M |
| Net margin | -0.9% | -5.1% |
| Operating cash flow | $2.8M | $9.0M |
| Free cash flow | $2.7M | $6.1M |
Where the revenue comes from
Upland Software
- Total product revenue: $46.4M (98%)
- Professional Services: $1.1M (2%)
Backblaze
- Consumption-based arrangements: $29.9M (64%)
- Subscription-based arrangements: $16.7M (36%)
Questions
Which is bigger, Upland Software or Backblaze?
Upland Software is the larger company: $47.5M of revenue in its latest quarter (Q3 2026) against $46.7M for Backblaze (Q3 2026).
Is Upland Software or Backblaze growing faster?
Backblaze is growing faster (+26% against -6% a year earlier).
Which is more profitable, Upland Software or Backblaze?
Upland Software is more profitable, with an operating margin of 11.2% against -3.0%.
More: Upland Software earnings · how Upland Software makes money · Backblaze earnings · how Backblaze makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.