Backblaze (BLZE)
NASDAQ:BLZE
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.02Last Year’s EPS
0.01Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong operational quarter with multiple tangible signs of momentum: revenue and adjusted EBITDA beats, accelerating B2 growth (24% YoY), expanded ARR, improved gross margin, sizable upmarket deals, pronounced AI customer traction (AI customers +76% YoY and >1/3 of new bookings), and raised full‑year guidance. Offsetting pressures include a declining Computer Backup business, near‑term negative adjusted free cash flow driven by timing and accelerated CapEx, methodology changes that add short‑term metric volatility, and supply‑chain/cost inflation headwinds. On balance, positive execution and upgraded guidance outweigh the manageable near‑term and execution risks.Company Guidance
Revenue Beat and Growth
Revenue of $38.7 million in Q1 2026, up 12% year‑over‑year and above the high end of guidance ($38.0M).
B2 Cloud Storage Momentum
B2 revenue was $22.4 million, up 24% year‑over‑year; B2 ARR grew 28% year‑over‑year and ARR increased sequentially by approximately $5 million to $158 million.
Upmarket Progress and Larger Deals
Average sales deal size more than doubled; 187 customers contributed over $50k in ARR (management noted 51% YoY increase in count and also referenced 72% YoY growth in the $50k+ ARR cohort), and the $50k+ ARR cohort showed substantial expansion.
AI Customer Traction
AI customers using the platform grew 76% year‑over‑year; more than one‑third of all new bookings in Q1 came from AI customers; notable rapid wins included a nearly $1.0M ARR deal closed in 11 days and a ~$500k ARR AI video customer.
Gross Margin and Adjusted EBITDA Improvement
Q1 gross margin improved to 61% versus 56% a year ago. Adjusted EBITDA was $10M (26% margin), up from $6M (18%) in the prior year, reflecting operating leverage.
Raised Full‑Year Guidance
Full‑year revenue guidance raised to $161.5M–$163.5M (a $5M uplift to prior midpoint) and full‑year adjusted EBITDA margin guidance increased by ~400 basis points to 23%–25%.
Customer Retention and Expansion
B2 net revenue retention (in‑quarter methodology) was 110%, up from 105% a year ago; RPO increased by $6M sequentially and $31M year‑over‑year under updated methodology, indicating stronger committed future revenue.
Go‑to‑Market Transformation Progress
Completed core GTM systems upgrade, pipeline from existing customers nearly doubled year‑over‑year, launched Flamethrower startup program (~100 companies in under three months), and hired Anuj Kumar as CRO to accelerate upmarket execution.
Neocloud Opportunity and Strategic Positioning
Management estimates a $14 billion opportunity to support Neoclouds by 2030; company is engaged with most top Neoclouds and has signed six‑, seven‑ and initial eight‑figure deals for the data‑lake tier.
Balance Sheet and Capital Plan
More than $100M in capital leasing capacity (about half utilized); company expects to fund growth through operating cash flow and capital leases and does not anticipate an equity raise, while pursuing modest buybacks and RSU settlement management.
BLZE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BLZE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 04, 2026 | $4.64 | $7.59 | +63.58% |
Feb 23, 2026 | $4.37 | $3.76 | -13.96% |
Nov 06, 2025 | $9.34 | $6.18 | -33.83% |
Aug 07, 2025 | $5.35 | $6.68 | +24.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Backblaze (BLZE) report earnings?
Backblaze (BLZE) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Backblaze (BLZE) earnings time?
Backblaze (BLZE) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BLZE EPS forecast?
BLZE EPS forecast for the fiscal quarter 2026 (Q2) is 0.02.