Backblaze, Inc. (BLZE) Earnings Call Transcripts
Backblaze, Inc.'s Latest Earnings Call - June 3, 2026
In the second quarter of fiscal year 2026, Backblaze, Inc. reported significant momentum in its Infrastructure as a Service (IaaS) segment, particularly driven by demand from AI-related customers. Revenue for the quarter reached $30 million, reflecting a 25% year-over-year increase, while adjusted EBITDA was positive for the first time in the company's history, signaling improved profitability. Management indicated that 33% of new bookings now come from AI customers, highlighting a strategic shift that could further accelerate growth in the future.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $30M (beat) |
| Adjusted EBITDA | $2M (beat) |
| New AI Customer Bookings | 33% (positive) |
| Average Customer Contract | $15M (positive) |
| Market Opportunity for IaaS Storage | $14B (positive) |
| Customer Count | 0.5M (positive) |
Guidance from management
Management expects fiscal year 2026 to be the first adjusted free cash flow positive year, indicating confidence in continued operational improvements and growth.
What management said
Yes. So the computer backup business is still a great part of our business. It's a durable cash-generating great part of the business that also provides access for us to go to those people and sell our other services, right? So that's a good solid ongoing part of the business. B2 is the growth engine, right? And so the nice thing is we've got a good predictable business on that part. And frankly, we have a good predi...
What analysts pressed on
Analysts expressed concerns about the sustainability of growth in the face of increasing competition from hyperscalers and potential pricing pressures. There were also questions regarding how Backblaze will manage its dual business model effectively.
Main topics on the call
- AI Customer Growth — Management noted that 33% of new bookings are now from AI customers, a significant increase that underscores the growing importance of this segment. CEO Gleb Budman stated, "We signed a customer that was roughly $1 milli...
- Infrastructure as a Service Focus — Backblaze has shifted its primary focus to its IaaS offering, Backblaze B2, which now dominates its business model. Budman emphasized, "We are essential infrastructure for AI," suggesting a strategic pivot that aligns wi...
- Cost Efficiency vs. Hyperscalers — Budman highlighted that Backblaze's services are priced at "1/5 the price of Amazon S3," positioning the company as a cost-effective alternative to traditional hyperscalers. This pricing strategy is expected to attract m...
- Product Innovations — The introduction of B2 Overdrive, which offers extremely high throughput, and Sard Stash, a patent-pending technology for faster data ingress, were highlighted as key innovations. Budman noted, "We built this B2 Overdriv...
Read the full Backblaze, Inc. transcript (June 3, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Backblaze, Inc.
Backblaze, Inc. (BLZE) is a publicly listed company in the IT Services industry, within the Information Technology sector. It trades on NasdaqGM and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 24 calls on record spanning December 13, 2021 to August 3, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 24 Backblaze, Inc. earnings call transcripts on record, spanning December 13, 2021 to August 3, 2026. Based on this history, Backblaze, Inc. reports quarterly. The most recent call on file is dated August 3, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- BLZE
- Exchange
- NasdaqGM
- Country
- US
- Sector
- Information Technology
- Industry
- IT Services
- Calls on record
- 24
- First call
- December 13, 2021
- Most recent
- August 3, 2026
- Reporting cadence
- quarterly