Annual Report
Filed: 2026-03-10
Key Insights
- Backblaze reported strong revenue growth of 25% year-over-year, driven by continued adoption of its B2 Cloud Storage and Computer Backup services.
- Gross margins declined slightly to 60% due to increased data center equipment and infrastructure costs, but the company maintained profitability with controlled R&D and marketing expenses.
- The company announced a new enterprise-focused cloud storage offering, which presents an opportunity for Backblaze to expand its customer base and revenue streams.