Short answer
Backblaze, Inc. (BLZE) filed its Q2 2026 10-Q quarterly report on Aug 3, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $43M (up 17.7% year over year) with net income of −$5M.
Q2 2026 key financials · XBRL
- Revenue
- $43M
- +17.7% YoY · +10.5% QoQ
- Net income
- −$5M
- +28.3% YoY · +17.2% QoQ
- Operating margin
- -9.8%
- Gross margin
- 62.8%
- EPS (diluted)
- −$0.09
- +30.8% YoY · +10.0% QoQ
Source: XBRL data from the Backblaze, Inc. (BLZE) Q2 2026 10-Q on SEC EDGAR. USD.
Backblaze, Inc. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- B2 Cloud Storage ARR $113.3M, up $31.5M or 39% YoY
- Computer Backup ARR $64.0M, down $1.3M YoY; NRR 94% vs 99%
- B2 Cloud Storage NRR 113% vs 114%; gross retention 89% unchanged
- CoreWeave agreement estimated contract value $335.1M, less $21.7M warrant fair value
- Additional restructuring charges $2.4M–$3.7M expected through first quarter 2027
Risk Factors
- New risk: workforce misalignment after headcount reductions and hiring constraints, threatening customer commitments and product roadmap execution
- Profitability risk: six-month net loss $11.2 million and accumulated deficit $232.8 million as of June 30, 2026
- Cybersecurity risk: AI-enabled attacks may rapidly exploit zero-day and unpatched vulnerabilities before remediation
- Operational risk: October 2025 data-center cooling failure highlighted potential service disruptions from infrastructure equipment failures
- Customer concentration risk: enterprise, neocloud, and AI expansion may concentrate revenue among fewer large customers
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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