Backblaze, Inc. (BLZE)

NASDAQ: BLZE · Real-Time Price · USD
4.970
-0.230 (-4.42%)
At close: Mar 28, 2025, 4:00 PM
5.08
+0.11 (2.22%)
After-hours: Mar 28, 2025, 7:55 PM EDT
-4.42%
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]

Sector Technology
IPO Date Nov 11, 2021
Employees 346
Stock Exchange NASDAQ
Ticker Symbol BLZE
Full Company Profile

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 Statements

Analyst 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.

Price Target
$10.83
(117.91% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

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...

11 days ago - Business Wire

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...

17 days ago - GlobeNewsWire

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...

25 days ago - Business Wire

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...

26 days ago - Seeking Alpha

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...

4 weeks ago - Seeking Alpha

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.

4 weeks ago - Business Wire

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,...

5 weeks ago - Business Wire

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 ...

6 weeks ago - Business Wire

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...

7 weeks ago - Business Wire

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...

2 months ago - Business Wire

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.

2 months ago - Business Wire

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...

3 months ago - Seeking Alpha

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...

4 months ago - Business Wire

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 ...

4 months ago - Business Wire

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...

4 months ago - Business Wire

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...

4 months ago - Business Wire

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 ...

4 months ago - Business Wire

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...

4 months ago - Seeking Alpha

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...

5 months ago - Business Wire

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...

5 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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...

6 months ago - Seeking Alpha

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...

7 months ago - GlobeNewsWire

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...

8 months ago - Seeking Alpha

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

8 months ago - GlobeNewsWire