Backblaze Q2 FY26 net loss narrows to $5.1 million; revenue rises 18% YoY to $42.7 million - BLZE News | RalliesBackblaze Q2 FY26 net loss narrows to $5.1 million; revenue rises 18% YoY to $42.7 million
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BLZE• Q2 revenue and profitability improve
- Backblaze Q2 ended June 30, 2026 revenue rose 18% year over year to $42.7 million, led by B2 Cloud Storage up 34% to $26.6 million.
- Net loss narrowed to $5.1 million from $7.1 million, with loss per share improving to $0.08 from $0.13.
- Adjusted EBITDA climbed to $12.8 million from $6.6 million, lifting margin to 30% from 18%.
CoreWeave agreement boosts backlog and outlook
- Signed a 5+ year, $335 million strategic agreement with CoreWeave, including warrants valued at about $22 million; RPO rose to $396 million.
- Forecast Q3 revenue of $44.4 million-$44.8 million.
- Raised 2026 revenue outlook to $172 million-$174 million with adjusted EBITDA margin seen at 27%-29%.
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