Backblaze Reports Strong Q1 Earnings with Revenue and Profitability Exceeding Guidance
Backblaze reported first-quarter fiscal 2026 results that exceeded guidance, driven by strong performance in its B2 Cloud Storage business. The company achieved $38.7 million in revenue (+12% YoY), a gross margin of 61%, and adjusted EBITDA of $10 million (26% margin). AI demand and large deals contributed significantly to growth.
Topics: adjusted ebitda ai growth cloud storage revenue guidance