Backblaze Lifts 2026 Targets as B2 Cloud Storage Growth Quickens
Photo: TokenPost
Backblaze raised its 2026 revenue and adjusted EBITDA margin targets Monday, Nov. 2, after third-quarter sales rose 26% and B2 Cloud Storage revenue expanded 47% from a year earlier. Sales for the quarter ended Sept. 30 totaled $46.7 million. The B2 Cloud Storage unit produced $30.5 million, while Computer Backup generated $16.2 million, a 2% decrease year over year. Adjusted EBITDA came to $15.2 million, equal to 33% of revenue; GAAP results showed a $2.4 million net loss. Backblaze’s fourth-quarter forecast calls for revenue of $49.8 million to $50.2 million and an adjusted EBITDA margin of 32% to 34%.
Source: TokenPost
