StocksMediumUpdated×2•Originally published 2 November 2026•Updated 3 November 2026•
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Backblaze Raises 2026 Guidance Following Record Revenue and 33% EBITDA Margin
Key Facts
1Backblaze reported Q3 adjusted EPS of 9 cents, significantly beating the analyst consensus estimate of a 8 cent loss.
Backblaze raised its full-year 2026 financial guidance after achieving record revenue of $47 million during the third quarter. TipRanks reported that the company delivered an adjusted EBITDA margin of 33% and adjusted earnings per share of 9 cents, beating analyst estimates of an 8-cent loss.
Growth in the B2 Cloud Storage segment accelerated to 47% year-over-year, with the company projecting growth to reach approximately 60% in the fourth quarter of 2026. Backblaze closed at $7.59 on October 30, 2026, following a session that saw the stock trade between $7.36 and $8.28.