Backblaze Q1 revenue $38.7M (+12% YoY); raised FY2026 revenue guidance to $161.5-$163.5M

Backblaze, Inc.

2026-Q1 EPS reported -$0.10 revenue$38,666,000

Revenue $38.7M (+12% YoY); B2 Cloud Storage revenue $22.4M (+24% YoY).
Net loss $6.1M ($0.10/shr) improved from $9.3M loss ($0.17/shr) in Q1 2025.
Adjusted EBITDA $10.1M (26% margin), vs $6.4M (18%) YoY; Non-GAAP net income $2.7M ($0.04/shr).
AI customer count up 76% YoY; two AI wins contributed ~$1.5M in annual contract value.
Q2 2026 revenue guidance $39.8M-$40.2M; FY2026 revenue guidance raised to $161.5M-$163.5M.

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