Backblaze, Inc. (BLZE)

NASDAQ: BLZE · Real-Time Price · USD
7.60
-0.16 (-2.06%)
Jun 8, 2026, 4:00 PM EDT - Market closed
Market Cap456.11M +39.0%
Revenue (ttm)149.89M +13.3%
Net Income-22.44M
EPS-0.39
Shares Out 60.01M
PE Ration/a
Forward PE67.62
Dividendn/a
Ex-Dividend Daten/a
Volume893,607
Open7.91
Previous Close7.76
Day's Range7.53 - 7.96
52-Week Range3.26 - 10.86
Beta1.72
AnalystsBuy
Price Target9.34 (+22.9%)
Earnings DateMay 4, 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]

Sector Technology
IPO Date Nov 11, 2021
Employees 320
Stock Exchange NASDAQ
Ticker Symbol BLZE
Full Company Profile

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 Statements

Analyst Summary

According to 8 analysts, the average rating for BLZE stock is "Buy." The 12-month stock price target is $9.34, which is an increase of 22.90% from the latest price.

Price Target
$9.34
(22.90% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Backblaze Transcript: Bank of America 2026 Global Technology Conference

Founded in 2007, the company evolved from cloud backup to a leading IaaS provider, now serving AI builders and Neoclouds with high-performance, cost-effective storage. Recent innovations and rapid AI market traction have driven multi-million dollar deals, positioning the firm for significant growth as the industry shifts away from hyperscalers.

5 days ago - Transcripts

Backblaze Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE) today announced that on May 28, 2026, it granted an equity inducement award to Anuj Kumar, the Company's Chief Revenue Officer, as a mate...

6 days ago - Business Wire

Backblaze to Participate in a Fireside Chat at the BofA Securities 2026 Global Technology Conference

SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the high-performance cloud storage platform for the AI era, today announced participation in the following investor conference: BofA Sec...

12 days ago - Business Wire

Backblaze to Participate in William Blair's 46th Annual Growth Stock Conference

SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the high-performance cloud storage platform for the AI era, today announced participation in the following investor conference: William ...

13 days ago - Business Wire

Backblaze Transcript: AGM 2026

The meeting established a quorum, approved the election of a Class two director for a three-year term, and ratified the independent auditor. Final voting results will be filed with the SEC.

13 days ago - Transcripts

Backblaze Transcript: 21st Annual Needham Technology, Media, & Consumer Conference

Cloud storage revenue is accelerating, fueled by AI sector demand and rapid product innovation. Go-to-market transformation and a new CRO are driving larger deals and improved pipeline predictability, while internal AI adoption and strong supply chain management support scalable growth.

27 days ago - Transcripts

Backblaze to Present on Scalable AI Data Pipelines at AI & Big Data Expo North America 2026

SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the high-performance cloud storage platform for the AI era, will exhibit and present at AI & Big Data Expo North America 2026 on May 18-...

4 weeks ago - Business Wire

Backblaze to Participate in Fireside Chat at the 21st Annual Needham Technology, Media, & Consumer Conference

SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the high-performance cloud storage platform for the AI era, today announced participation in the following investor conference: 21st Ann...

4 weeks ago - Business Wire

Backblaze price target raised to $11 from $8 at Lake Street

Lake Street raised the firm’s price target on Backblaze (BLZE) to $11 from $8 and keeps a Buy rating on the shares. The 2026 revenue guidance is $5M above the…

4 weeks ago - TheFly

Backblaze price target raised to $8.50 from $6 at Needham

Needham raised the firm’s price target on Backblaze (BLZE) to $8.50 from $6 and keeps a Buy rating on the shares.

4 weeks ago - TheFly

Backblaze Earnings Call Transcript: Q1 2026

Q1 revenue and EBITDA exceeded guidance, driven by 24% B2 growth and strong AI demand. Full-year guidance was raised, with continued momentum in large deals, improved margins, and a focus on the expanding Neocloud and AI storage markets.

5 weeks ago - Transcripts

Backblaze Earnings release: Q1 2026

Backblaze released its Q1 2026 earnings on May 4, 2026, summarizing the period's financial results.

5 weeks ago - Filings

Backblaze Quarterly report: Q1 2026

Backblaze has published its Q1 2026 quarterly earnings report on May 4, 2026.

5 weeks ago - Filings

Backblaze Slides: Q1 2026

Backblaze has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on May 4, 2026.

5 weeks ago - Filings

Backblaze reports Q1 adjusted EPS 4c, consensus 0c

Reports Q1 revenue $38.7M, consensus $37.8M. “In Q1, we exceeded the top end of our revenue and Adjusted EBITDA guidance, with B2 growing 24% year over year,” said Gleb Budman,…

5 weeks ago - TheFly

Backblaze sees Q2 revenue $39.8M-$40.2M, consensus $38.11M

Sees Q2 adjusted EBITDA margin 21%-23%.

5 weeks ago - TheFly

Backblaze raises FY26 revenue view to $161.5M-$163.5M, consensus $157.53M

Previous view $156.5M-$158.5M. Raises FY26 adjusted EBITDA margin view to 23%-25% from 19%-21%.

5 weeks ago - TheFly

Backblaze Announces First Quarter 2026 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the high-performance cloud storage platform for the AI era, today announced results for its first quarter ended March 31, 2026. "In Q1, ...

5 weeks ago - Business Wire

Backblaze Transcript: Status update

Network traffic analysis revealed dynamic, high-bandwidth NeoCloud and hyperscaler flows, especially in US East, driving upgrades to 400Gbps+ links. Regional patterns and new geo-data inform expansion, while steady CDN and ISP traffic aid planning.

5 weeks ago - Transcripts

Backblaze releases Q1 Network Stats report

Backblaze (BLZE) released its Q1 2026 Network Stats report. The second installment in its quarterly series, this report adds more granular geographic heatmaps, offering a rare view into where AI…

5 weeks ago - TheFly

Backblaze Publishes Q1 2026 Network Stats: New Geographic Heatmaps Show Rising Compute Demand

SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the high-performance cloud storage platform for the AI era, today released its Q1 2026 Network Stats report. The second installment in i...

5 weeks ago - Business Wire

Backblaze to Announce First Quarter 2026 Results on May 4, 2026

SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the high-performance cloud storage platform for the AI era, will report financial results for its first quarter ending March 31, 202...

7 weeks ago - Business Wire

Backblaze Proxy statement: Proxy filing

Backblaze filed a proxy statement on April 15, 2026, providing details for shareholder voting and corporate governance matters.

7 weeks ago - Filings

Backblaze Proxy statement: Proxy filing

Backblaze filed a proxy statement on April 15, 2026, providing details for shareholder voting and corporate governance matters.

7 weeks ago - Filings

Backblaze Honored On The 2026 CRN® Storage 100 List

SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the high-performance cloud storage platform for the AI era, announced that CRN®, a brand of The Channel Company, has included Backbl...

7 weeks ago - Business Wire