What changed
Backblaze and market news that changes a conversation, newest first, each with the SE angle. Updated Oct 16, 2026. Facts are from the linked public sources.
- upcoming
Q3 2026 results after the close
Backblaze reports Q3 2026 results after market close Monday Nov 2; call at 2:00 p.m. PT / 5:00 p.m. ET. Guidance was Q3 revenue $44.4M to $44.8M and adjusted EBITDA 27% to 29%.
SE angle: Read the B2 growth line and any AI / neocloud commentary before customer calls that week. Big-deal commentary (deals over $500K are excluded from guidance) is the SE lever.
- stock
BLZE falls 22% with the CoreWeave AI-debt selloff
BLZE closed at $9.73, down $2.79 (-22.26%), as CoreWeave shares and bonds sold off on AI borrowing concerns. Backblaze is tied to CoreWeave through the ~$335M strategic storage agreement and related warrants. Mild bounce to $9.91 on Oct 15.
SE angle: Expect 'are you too dependent on one AI customer?' questions. Answer with the 100,000+ customer base, B2 growth, and profitability on an adjusted EBITDA basis; do not speculate on CoreWeave.
- product
New Jamf deployment options for Business Computer Backup
Backblaze expanded its Jamf integration with new deployment options for Mac backup.
SE angle: Mac-heavy shops (media, design, education): Computer Backup deploys through Jamf without touching each laptop.
- product
Q2 2026 Drive Stats: quarterly AFR 1.73%
Quarterly annualized failure rate rose to 1.73% (from 1.24%) across 350K+ drives; 20 TB+ drives are now over 25% of the fleet.
SE angle: Drive Stats is a credibility asset: Backblaze publishes its own failure data. Use it with storage-savvy buyers, and explain that durability comes from erasure coding, not perfect drives.
- product
SSE-B2 default encryption goes live for new uploads
Announced Aug 27: all new uploads are encrypted at rest with SSE-B2 (AES-256) by default. Existing objects are not encrypted retroactively.
SE angle: Security questionnaires: 'encrypted at rest by default' is now a yes for new data. Remind customers that older objects need a re-copy to be encrypted.
- product
Suite Studios integration mounts B2 like a drive
Suite Studios' S3-native file streaming lets media teams mount B2 as a high-performance, NAS-like drive.
SE angle: Media workflows: answers 'my editors need a drive letter, not a bucket'.
- product
Backblaze B2 MCP Server (open source)
Open-source MCP server that lets AI agents operate B2 safely: the tools exposed depend on the application key's capabilities.
SE angle: Agent and AI buyers: demo a read-only key first, then a prefix-scoped write key. The blast radius is the key.
- earnings
Q2 2026: revenue $42.7M (+18%), B2 +34%, guidance raised
Revenue $42.7M, +18% YoY, best in six quarters. B2 $26.6M, +34%. Computer Backup $16.1M, -2%. Adjusted EBITDA $12.8M (30% margin). ARR $177.3M, +21%. FY2026 guidance raised to $172M to $174M.
SE angle: B2 is the growth engine and the company is investing in go-to-market. Use the numbers to answer 'will you be around' with facts, not adjectives.
- competitor
Wasabi raises pay-as-you-go to $7.99/TB
Wasabi's PAYG list price moved from $6.99 to $7.99 per TB per month. Wasabi keeps a 90-day minimum storage duration and a fair-use egress policy.
SE angle: Renewal trigger: 'How do you budget the next increase?' plus the 90-day minimum for short-retention data.
- market
CoreWeave strategic storage agreement, ~$335M
Master Strategic Agreement effective Jun 16, announced Jun 23: ~$335M TCV, 5 and 7 year order forms, multi-exabyte. Backblaze powers HDD tiers in CoreWeave AI Object Storage. The SEC 8-K does not label it B2 Neo.
SE angle: AI capacity-tier proof point: flash (VAST, WEKA) for hot, Backblaze for exabyte-scale capacity.
- people
Anuj Kumar named Chief Revenue Officer
Former NetApp cloud leader (grew it from ~$100M to ~$600M ARR) owns sales, channel, rev ops, demand gen, CS and support. Mandate: move upmarket while keeping the product-led motion.
SE angle: Upmarket means more POCs, security reviews and multi-stakeholder deals: classic SE territory.
- product
B2 Neo launches for neoclouds
White-label B2 for GPU-as-a-Service operators. Four neoclouds were on B2 as of June.
SE angle: Neocloud operators: sell them storage they can resell under their brand instead of building it.
- competitor
Cloudflare R2 adds bucket locks
R2 has supported bucket locks (retention rules that prevent deletion) since March 2025.
SE angle: Do not claim R2 has no immutability. Win on backup-ISV certifications, the S3 Object Lock API your vendor already calls, and storage price.
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