Short answer
Backblaze, Inc. (BLZE) filed its Q1 2026 10-Q quarterly report on May 4, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $39M (up 11.7% year over year) with net income of −$6M.
Q1 2026 key financials · XBRL
- Revenue
- $39M
- +11.7% YoY
- Net income
- −$6M
- +34.1% YoY
- Operating margin
- -13.8%
- Gross margin
- 60.9%
- EPS (diluted)
- −$0.10
- +41.2% YoY
Source: XBRL data from the Backblaze, Inc. (BLZE) Q1 2026 10-Q on SEC EDGAR. USD.
Backblaze, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $38.666M, up $4.053M YoY from $34.613M
- Gross margin 61% vs 56% YoY
- Operating margin (14%) vs (25%) YoY
- B2 Cloud Storage ARR $93.0M, up 28% YoY; Computer Backup ARR $65.2M, down $1.7M
- Restructuring charges $2.2M; additional $2.1M–$4.3M expected through Q1 2027
Risk Factors
- Workforce-management risk newly marked: 2024–2025 headcount reductions and hiring freeze threaten execution capacity and employee retention
- Operational risk increased by infrastructure refresh cycles, including delays, cost overruns, integration issues, or performance challenges
- Competitive risk intensified after second-quarter 2026 price increases, potentially increasing customer churn and reducing stored data
- AI-compliance risk from product features includes inaccurate or biased outputs plus data-privacy and intellectual-property requirements
- Customer-concentration risk rising as enterprise, neocloud, and AI expansion targets fewer larger customers
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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