Backblaze Q2 revenue $42.7M (+18% YoY); signs $335M CoreWeave deal; raises FY guidance

Backblaze, Inc.

Revenue $42.7M (+18% YoY); B2 Cloud Storage revenue $26.6M (+34% YoY); Computer Backup $16.1M (-2% YoY).
Adjusted EBITDA $12.8M (30% of revenue) vs $6.6M (18%) in Q2 2025; net loss narrowed to $5.1M from $7.1M.
Signed 5+ year, $335M strategic agreement with CoreWeave, including ~$22M in warrants.
Raised FY 2026 revenue guidance to $172-174M (from $161.5-163.5M); Q3 revenue expected $44.4-44.8M.
ARR $177.3M (+21% YoY); B2 ARR $113.3M (+39% YoY); RPO $396M, up $319.5M QoQ.

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