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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Backblaze
Backblaze (BLZE) investor relations material
Backblaze Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary2 Nov, 2026
Executive summary
Q3 revenue was $46.7M, up 26% YoY; B2 Cloud Storage revenue grew 47%, while Computer Backup declined 2%.
Adjusted EBITDA rose to $15.2M from $8.4M, with margin expanding to 33% from 23%; GAAP net loss narrowed to $2.4M from $3.8M.
Four agreements above $500K ARR and the $335.1M CoreWeave contract add contracted demand, while increasing customer concentration and delivery exposure.
Financial highlights
Q3 revenue was $46.7M, up 26% YoY; 9M revenue was $128.0M, up 18%.
GAAP gross margin was 64%, up from 62%; adjusted gross margin was 81%, up from 79%.
Non-GAAP net income rose to $6.7M from $1.9M; diluted EPS was $0.09 versus $0.03.
9M operating cash flow was $22.8M versus $14.2M; adjusted free cash flow was $1.9M versus negative $9.5M.
Cash, cash equivalents and marketable securities totaled $230.2M at September 30, 2026.
Outlook and guidance
Q4 2026 revenue guidance is $49.8M–$50.2M, with adjusted EBITDA margin of 32%–34% and expected B2 growth of ~60%.
FY2026 revenue guidance rose to $177.8M–$178.2M from $172.0M–$174.0M; adjusted EBITDA margin guidance increased to 30%–31% from 27%–29%.
Revenue from larger AI infrastructure agreements was minimal in Q3 and is expected to become meaningful beginning Q1 2027; timing and scale depend on deployment and usage.
Managed storage revenue is not anticipated in FY2026; service revenue begins when capacity is deployed or the applicable minimum commitment starts.
Significant data-center capacity and equipment investments are expected through the remainder of 2026 and in 2027 to support CoreWeave and other neocloud demand.
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Latest events from Backblaze
- Quarterly AFR rose to 1.73 as the fleet trends toward 20 TB drives and new recording technologies.BLZE
Investor update - AI data growth, multi-year contracts, and managed storage drive rapid B2 expansion and leadership.BLZEInvestor Day 2026
- Up to 4.2M shares registered for resale by a partner, with proceeds from warrants for working capital.BLZERegistration filing
- Q2 2026 revenue up 18% with 34% B2 growth and a $335M CoreWeave deal boosting outlook.BLZEQ2 2026
- Drive failure rates rose as older models exited, while AI-driven media workflows drive storage growth.BLZEStatus update
- B2 Cloud Storage growth, Neocloud partnerships, and pipeline expansion drive future momentum.BLZECitizens JMP Technology Conference 2026
- Q2 2024 revenue up 27%, B2 Cloud Storage up 43%, margins and outlook improved.BLZEQ2 2024
- Q1 2025 revenue up 15%, B2 Cloud Storage up 23%, and 2025 guidance raised.BLZEQ1 2025
- B2 Cloud Storage revenue surged 22% YoY, driving margin gains and a strong 2025 growth outlook.BLZEQ4 2024
Next Backblaze earnings date
Q4 202623 Feb, 2027
Backblaze
Next Backblaze earnings date
Q4 202623 Feb, 2027
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Frequently asked questions
Backblaze Inc provides cloud storage and backup services for businesses and individuals. Its offerings include computer backup, business backup, and object storage solutions designed for data protection and disaster recovery. The company is headquartered in San Mateo, California, and its shares are listed on the NASDAQ.