Backblaze, Inc. (BLZE)

NASDAQ: BLZE · Real-Time Price · USD
7.14
+0.46 (6.89%)
At close: Aug 8, 2025, 4:00 PM
7.00
-0.14 (-1.96%)
After-hours: Aug 8, 2025, 7:28 PM EDT
6.89%
Market Cap403.41M
Revenue (ttm)137.29M
Net Income (ttm)-43.55M
Shares Out 56.50M
EPS (ttm)-0.86
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume1,964,018
Open6.40
Previous Close6.68
Day's Range6.30 - 7.20
52-Week Range3.94 - 8.08
Beta1.13
AnalystsStrong Buy
Price Target10.21 (+42.72%)
Earnings DateAug 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 Summary

According to 7 analysts, the average rating for BLZE stock is "Strong Buy." The 12-month stock price target is $10.21, which is an increase of 42.72% from the latest price.

Price Target
$10.21
(42.72% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Backblaze, Inc. (BLZE) Q2 2025 Earnings Call Transcript

Backblaze, Inc. (NASDAQ:BLZE) Q2 2025 Earnings Call August 7, 2025 8:00 AM ET Company Participants Gleb Budman - Co-Founder, CEO & Chairman Marc Suidan - Chief Financial Officer Mimi Kong - Corporate...

17 hours ago - Seeking Alpha

Driving AI Success: Backblaze Outlines Object Storage Strategies at Ai4 2025

SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #Ai--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced that Jeroni...

17 hours ago - Business Wire

CORRECTING and REPLACING Backblaze Announces Strong Second Quarter 2025 Financial Results

SAN MATEO, Calif.--(BUSINESS WIRE)--Third bullet under Recent Business Highlights should read: Up-Market Momentum: Customers contributing over $50,000 in ARR grew 30% year over year in Q2. (instead of...

1 day ago - Business Wire

Backblaze Announces $10 Million Share Repurchase Program

SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced that its Board of Directo...

1 day ago - Business Wire

Backblaze Announces Strong Second Quarter 2025 Financial Results

SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator delivering a modern alternative to traditional cloud providers, today announced results for its second q...

1 day ago - Business Wire

Backblaze to Sponsor Ai4 2025 Conference Showcasing New B2 Overdrive Storage for AI and HPC Workflows

SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #Cloud--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, continues their push to ...

8 days ago - Business Wire

Backblaze Continues Growth But Operating Losses Weigh

Backblaze's B2 Cloud Storage growth and AI demand are promising, but heavy operating losses persist, justifying my continued Sell rating. Despite revenue growth and improved margins, the company remai...

8 days ago - Seeking Alpha

Backblaze Advances Key Enterprise Security Features in Latest Platform Update

SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #AI--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced a suite of ...

10 days ago - Business Wire

Backblaze Launches Legal Hold to Support Data Loss Prevention and Litigation Readiness for Businesses

SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #Backup--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator delivering a modern alternative to traditional backup providers, today introduced Lega...

15 days ago - Business Wire

Backblaze Fuels Open Cloud Revolution with Data Region Expansion, Doubling Down on High-Performance Storage for AI, High Performance Compute (HPC), and Media Workflows

SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #Ai--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced a significa...

18 days ago - Business Wire

Backblaze to Announce Second Quarter 2025 Results on August 7, 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 sec...

22 days ago - Business Wire

Enterprise Strategy Group Analysis Shows Up to 3.2x Lower Total Cost of Ownership (TCO) with Backblaze B2 Cloud Storage

SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #Affordability--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced ...

2 months ago - Business Wire

Backblaze Helps Media Post-Production Leader IDC LA Slash Cloud Storage Costs 75% While Accelerating Client Delivery

SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #ActiveArchive--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced ...

2 months ago - Business Wire

Backblaze Further Strengthens Financial Position With New Credit Facility

SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced the successful closing of...

2 months ago - Business Wire

Backblaze to Share Developer Community Insights at AI DevSummit 2025

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 ...

2 months ago - Business Wire

Backblaze Publishes Q1 2025 Drive Stats Report Highlighting Hard Drive Reliability Trends

SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #BigData--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, last week published it...

2 months ago - Business Wire

Backblaze Launches Enterprise Web Console and New Access Controls for Scalable, Zero-Trust Cloud Storage Management

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 a privat...

2 months ago - Business Wire

Backblaze: Perfect Small-Cap Value Play As AI Drives New Bookings

Small-cap stocks like Backblaze offer compelling value as valuation discounts versus large-caps have widened, despite strong fundamentals. Backblaze continues to deliver double-digit revenue growth, w...

3 months ago - Seeking Alpha

Backblaze to Participate in Fireside Chat at the 20th Annual Needham Technology, Media, & Consumer 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...

3 months ago - Business Wire

Backblaze, Inc. (BLZE) Q1 2025 Earnings Call Transcript

Backblaze, Inc. (NASDAQ:BLZE) Q1 2025 Earnings Call May 7, 2025 5:00 PM ET Company Participants Mimi Kong - Head, Investor Relations Gleb Budman - Co-Founder, Chief Executive Officer and Chairperson ...

3 months ago - Seeking Alpha

Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Backblaze, Inc. (BLZE) And Encourages Shareholders to Reach Out

NEW YORK, NY / ACCESS Newswire / May 9, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Backblaze, Inc. ("Backblaze" or "the Company") (NASDAQ:BL...

3 months ago - Accesswire

Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Backblaze, Inc. (BLZE) and Encourages Shareholders to Learn More About the Investigation

NEW YORK, NY / ACCESS Newswire / May 8, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Backblaze, Inc. ("Backblaze" or "the Company") (NASDAQ:BL...

3 months ago - Accesswire

Backblaze Announces Strong First Quarter 2025 Financial Results

SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator delivering a modern alternative to traditional cloud providers, today announced results for its first qu...

3 months ago - Business Wire

Backblaze, Inc. (BLZE) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Contact the Firm to Learn More About the Investigation

NEW YORK, NY / ACCESS Newswire / May 7, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Backblaze, Inc. ("Backblaze" or "the Company") (NASDAQ:BL...

3 months ago - Accesswire

Bronstein, Gewirtz & Grossman, LLC Encourages Backblaze, Inc. (BLZE) Shareholders to Inquire about Securities Investigation

NEW YORK, NY / ACCESS Newswire / May 6, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Backblaze, Inc. ("Backblaze" or "the Company") (NASDAQ:BL...

3 months ago - Accesswire