Backblaze, Inc. (BLZE)
| Market Cap | 962.55M +107.4% |
| Revenue (ttm) | 156.30M +13.9% |
| Net Income | -20.43M |
| EPS | -0.35 |
| Shares Out | 61.90M |
| PE Ratio | n/a |
| Forward PE | 88.60 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 3,461,914 |
| Open | 15.91 |
| Previous Close | 15.80 |
| Day's Range | 15.16 - 16.11 |
| 52-Week Range | 3.26 - 23.99 |
| Beta | 1.57 |
| Analysts | Buy |
| Price Target | 22.83 (+46.82%) |
| Earnings Date | Aug 3, 2026 |
About BLZE
Backblaze, Inc., a cloud storage platform, provides businesses and consumers cloud services to store, use, and protect data in the United States, the United Kingdom, Canada, and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. In addition, the company offers cloud storage solutions for a range of cases, such as public, hybrid... [Read more]
Financial Performance
In 2025, Backblaze's revenue was $145.84 million, an increase of 14.27% compared to the previous year's $127.63 million. Losses were -$25.61 million, -47.23% less than in 2024.
Financial StatementsAnalyst Summary
According to 7 analysts, the average rating for BLZE stock is "Buy." The 12-month stock price target is $22.83, which is an increase of 46.82% from the latest price.
News
Backblaze prices upsized $175M offering of convertible senior notes due 2031
Backblaz announced the pricing of $175 million aggregate principal amount of 0.00% Convertible Senior Notes due 2031 in a private offering to qualified institutional buyers pursuant to Rule 144A under...
Backblaze Announces Pricing of Upsized $175 Million Convertible Senior Notes Offering
SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the storage platform powering AI and data-intensive workloads, today announced the pricing of $175 million aggregate principal amount of...
Backblaze announces $150M convertible senior notes offering
Backblaze (BLZE) announced that it intends to offer, subject to market and other conditions, $150M aggregate principal amount of convertible senior notes due 2031 in a private offering to qualified…
Backblaze Announces Proposed Private Offering of $150 Million of Convertible Senior Notes
SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the storage platform powering AI and data-intensive workloads, today announced that it intends to offer, subject to market and other con...
Backblaze participates in a conference call with Citizens
Citizens holds a post-earnings conference call on August 7.
Backblaze price target raised to $24 from $16 at B. Riley
B. Riley raised the firm’s price target on Backblaze (BLZE) to $24 from $16 and keeps a Buy rating on the shares. The firm upped the company’s estimates post the…
Backblaze price target raised to $21 from $14 at Lake Street
Lake Street raised the firm’s price target on Backblaze (BLZE) to $21 from $14 and keeps a Buy rating on the shares. Revenue will ramp gradually in 2026 due to…
Backblaze price target raised to $25 from $15 at Oppenheimer
Oppenheimer analyst Ittai Kidron raised the firm’s price target on Backblaze (BLZE) to $25 from $15 and keeps an Outperform rating on the shares. Backblaze delivered strong Q2 results with…
Backblaze price target raised to $21 from $16 at Citizens
Citizens analyst Rustam Kanga raised the firm’s price target on Backblaze to $21 from $16 and keeps an Outperform rating on the shares. Backblaze (BLZE) raised its FY26 outlook on…
Backblaze registers to sell 4.19M shares of Class A common stock for holders
This filing relates to the offer and sale from time to time by the selling stockholders of up to 4.19M shares of Class A common stock. The company is not…
Backblaze Earnings Call Transcript: Q2 2026
Q2 revenue and adjusted EBITDA margin exceeded guidance, driven by strong B2 Cloud growth and a landmark $335M CoreWeave contract. Full-year guidance was raised, with B2 revenue expected to grow over 40% in 2027, and capital resources deemed sufficient for expansion.
Backblaze Earnings release: Q2 2026
Backblaze released its Q2 2026 earnings on August 3, 2026, summarizing the period's financial results.
Backblaze Quarterly report: Q2 2026
Backblaze has published its Q2 2026 quarterly earnings report on August 3, 2026.
Backblaze Slides: Q2 2026
Backblaze has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on August 3, 2026.
Backblaze reports Q2 EPS 8c, consensus 2c
Reports Q2 revenue $42.7M, consensus $39.94M. “Q2 was an amazing quarter for Backblaze (BLZE). We exceeded the high end of our revenue and Adjusted EBITDA guidance, with B2 growth accelerating…
Backblaze sees Q3 revenue $44.4M-$44.8M, consensus $41.19M
Sees Q3 adjusted EBITDA margin between 27% and 29%
Backblaze raises FY26 revenue view to $172M-$174M from $161.5M-$163.5M
Consensus $162.33M
Backblaze Announces Second Quarter 2026 Financial Results
SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the storage platform powering AI and data-intensive workloads, today announced results for its second quarter ended June 30, 2026. “Q2 w...
Backblaze to Present at Ai4 2026 on Keeping GPUs Fed at Multimodal Scale
SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze, Inc. (NASDAQ: BLZE), the storage platform powering AI and data-intensive workloads, will exhibit and present as a Platinum sponsor at Ai4 2026, Aug. 4–6 ...
Backblaze Registration statement: Registration filing
Backblaze filed a registration statement on August 3, 2026, providing details about a securities offering with the SEC.
Backblaze Announces Date of Investor Day 2026
SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the storage platform powering AI infrastructure, today announced that it will host an Investor Day on Wednesday, September 9, 2026. The ...
Backblaze Publishes Q2 2026 Network Stats: New Variance Analysis Reveals Just How Unpredictable AI Traffic Really Is
SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the storage platform powering AI infrastructure, today published its Q2 2026 Network Stats report. The third installment in its quarterl...
Backblaze price target raised to $16 from $14 at Citizens
Citizens analyst Rustam Kanga raised the firm’s price target on Backblaze (BLZE) to $16 from $14 and keeps an Outperform rating on the shares. Backblaze remains well positioned for accelerating…
Backblaze Transcript: Status update
Quarterly drive failure rates rose slightly due to older drives exiting the pool, with over 340,000 drives tracked and new high-capacity models deployed. AI-driven media workflows are rapidly increasing data storage needs, making robust infrastructure and backup strategies essential for reliability and scalability.
Backblaze to Announce Second Quarter 2026 Results on August 3, 2026
SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the high-performance cloud storage platform for the AI era, will report financial results for its second quarter ending June 30, 2026 on...