Backblaze, Inc. (BLZE)
Market Cap | 269.87M |
Revenue (ttm) | 127.63M |
Net Income (ttm) | -48.53M |
Shares Out | 54.30M |
EPS (ttm) | -1.11 |
PE Ratio | n/a |
Forward PE | n/a |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 367,361 |
Open | 5.170 |
Previous Close | 5.200 |
Day's Range | 4.890 - 5.170 |
52-Week Range | 4.895 - 10.520 |
Beta | 0.89 |
Analysts | Strong Buy |
Price Target | 10.83 (+117.91%) |
Earnings Date | May 7, 2025 |
About BLZE
Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze 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, and multi-cloud d... [Read more]
Financial Performance
In 2024, Backblaze's revenue was $127.63 million, an increase of 25.10% compared to the previous year's $102.02 million. Losses were -$48.53 million, -18.73% less than in 2023.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for BLZE stock is "Strong Buy." The 12-month stock price forecast is $10.83, which is an increase of 117.91% from the latest price.
News

Backblaze and CHESA Double Down on Enabling Creativity for Media and Entertainment Workflows
SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #CHESA--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced they are...

Backblaze Selects Cologix to Expand Delivery of High-Performance Cloud Storage Solutions
Collaboration accelerates cloud storage delivery that is compliant with data sovereignty requirements in Canada Collaboration accelerates cloud storage delivery that is compliant with data sovereignty...

Backblaze to Present at the Citizens JMP Technology Conference
SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced participation in the foll...

Backblaze: As B2 Cloud Storage Accelerates, This Stock Can Rally Fiercely
Backblaze is a promising investment due to AI-driven revenue growth, robust Q4 results, and a strategic sales overhaul boosting its B2 cloud storage business. The company is expecting B2 cloud storage...

Backblaze, Inc. (BLZE) Q4 2024 Earnings Call Transcript
Backblaze, Inc. (NASDAQ:BLZE) Q4 2024 Earnings Conference Call February 25, 2025 5:00 PM ET Company Participants Mimi Kong - Senior Director of Investor Relations and Corporate Development Gleb Budma...

Backblaze Announces Fourth Quarter and Full Year 2024 Financial Results
SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze Announces Fourth Quarter and Full Year 2024 Financial Results.

Backblaze and Kandji Partner to Deliver Comprehensive Device Management and Data Protection for Businesses
SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #Backblaze--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud backup and storage, and Kandji,...

Backblaze Achieves Best Estimated ROI, Fastest Implementation, Easiest To Use, Best Support, and Leader Awards in G2's Winter 2025 Report
SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #BusinessLeader--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, was recognized ...

Backblaze to Announce Fourth Quarter and Full Year 2024 Results on February 25, 2025
SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, will report financial results for its fou...

Backblaze B2 Cloud Storage Winter Update Makes Cloud Workloads More Secure and Streamlined
SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #Cloud--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, announces the Winter Rel...

Backblaze Launches New Data Center in Canada, Now Open for Business
SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #BigData--Backblaze, Inc. (Nasdaq: BLZE), today announced the opening of a new data region in Canada. Located in Toronto, Ontario.

Backblaze: Great Value Buy Amid Sales Shake-Up
I'm reiterating my buy rating on Backblaze, as the company reported an acceleration in revenue growth in Q3. Backblaze has been focused on upgrading its go-to-market process, bringing on a new Chief R...

Backblaze Announces Inducement Grants under Nasdaq Listing Rule 5635(c)(4)
SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced that it has granted equit...

Backblaze, Philadelphia Eagles, and CHESA Showcase Speed and Security in NFL Media Production at Sports Video Group Summit
SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #Cloud--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced it will ...

Backblaze Announces Full Exercise of Over-Allotment Option
SAN MATEO, Calif.--(BUSINESS WIRE)---- $BLZE #craighallum--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced th...

Backblaze Announces Pricing of Upsized $35 Million Follow-On Offering
SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced the pricing of its upsize...

Backblaze Launches Proposed Follow-On Offering
SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced the launch of a proposed ...

Backblaze, Inc. (BLZE) Q3 2024 Earnings Call Transcript
Backblaze, Inc. (NASDAQ:BLZE) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Mimi Kong - Director, Investor Relations & Corporate Development Gleb Budman - Chief Ex...

Backblaze Announces Record Adjusted EBITDA Margin as Part of Third Quarter 2024 Financial Results
SAN MATEO, Calif.--(BUSINESS WIRE)---- $BLZE #CloudInfrastructure--The hot cloud storage alternative to traditional cloud providers today announced results for its third quarter ended September 30, 20...

Backblaze and Opti9 Partner to Bring High Performance and Low Cost Cloud Storage to Joint Customers
SAN MATEO, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, and Opti9, an internatio...

Backblaze to Announce Third Quarter 2024 Results on November 7, 2024
SAN MATEO, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, will report financial re...

Backblaze: Cloud Storage Momentum Fuels Upside Potential
The company's B2 cloud storage product is seeing strong year over year growth above 40%. Adjusted EBITDA margins are improving, and the business is likely to turn FCF positive next year. Shares are cu...

Backblaze Deepens Sales Leadership Team
SAN MATEO, Calif., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced that Da...

Backblaze, Inc. (BLZE) Q2 2024 Earnings Call Transcript
Backblaze, Inc. (NASDAQ:BLZE) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET Company Participants Mimi Kong - Director, Investor Relations & Corporate Development Gleb Budman - Co-Founder...

Backblaze Announces Second Quarter 2024 Financial Results
43% revenue growth in B2 Cloud Storage, 27% revenue growth overall in Q2 2024 43% revenue growth in B2 Cloud Storage, 27% revenue growth overall in Q2 2024