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Backblaze (BLZE)
NASDAQ:BLZE
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
>-0.01Last Year’s EPS
-0.03Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted major operational and financial milestones: first adjusted free cash flow positive quarter, doubled adjusted EBITDA margin, strong B2 growth (26% FY) and notable upmarket traction including a >$15M TCV neocloud deal and the launch of B2 Neo. Management also detailed a disciplined, derisked guidance approach and plans to invest in AI-focused product and GTM initiatives. Offsetting these positives are near-term headwinds: guidance removes upside from swing deals, NRR showed sequential variability driven by a large usage customer, computer backup is expected to decline ~5% in 2026, and gross margins will face pressure from higher data center costs and accelerated CapEx. Overall, the company portrays durable long-term opportunity and improved capital efficiency while acknowledging short-term lumpiness and margin pressure.Company Guidance
Q4 Revenue and Profitability Milestones
Total revenue in Q4 was $37.8M (in line with guidance). Adjusted EBITDA margin reached 28% (doubled year-over-year) and adjusted free cash flow was positive $4M (11% margin), marking the company's first adjusted free cash flow profitability as a public company.
Full-Year Revenue Growth and B2 Strength
Full-year total company revenue grew 14% year-over-year while B2 Cloud Storage grew 26% year-over-year. Q4 B2 revenue grew 24% year-over-year (up from 22% prior year).
Upmarket Progress and Customer Expansion
Customers generating >$50k ARR reached 168, up 35% year-over-year; ARR of this cohort increased 73% year-over-year to $26M. Company added ~12,000 self-serve customers in the year and serves more than 119,000 B2 customers overall.
Record Bookings and Large Enterprise Win
Delivered record bookings in the quarter and closed the company's largest contract to date: an 8-figure TCV deal (over $15M, 3-year duration). RPO rose 60% year-over-year to $66M, reflecting strong booked backlog.
Product and GTM Investments for AI and Scale
Launched B2 Neo (white-label, high-performance storage for neoclouds) and Flamethrower (startup program); strengthened product and engineering leadership with key hires (SVP Engineering, SVP Product) and added strategic transformation and advisory talent to scale go-to-market.
Pipeline and Rule of 40 Progress
Pipeline roughly doubled from ~$15M in 2024 to ~$30M in 2025; combined B2 revenue growth plus free cash flow margin (Rule of 40 proxy) improved from 9% to 35%, indicating improved capital efficiency.
Improved Margins Despite Cost Pressures
Q4 GAAP gross margin was 62% (up from 55% YoY) and adjusted gross margin was 80% (vs. 78% prior year), reflecting infrastructure efficiency and disciplined operations despite higher data center costs.
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 |
|---|---|---|---|
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% |
May 07, 2025 | $4.52 | $5.25 | +16.15% |
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 May 13, 2026, After Close (Confirmed).
What is Backblaze (BLZE) earnings time?
Backblaze (BLZE) earnings time is at May 13, 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 (Q1) is >-0.01.