Backblaze, Inc. (BLZE)
| Market Cap | 873.81M |
| Revenue (ttm) | 149.89M |
| Net Income (ttm) | -22.44M |
| Shares Out | 60.01M |
| EPS (ttm) | -0.39 |
| PE Ratio | n/a |
| Forward PE | 145.89 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 8,378,197 |
| Open | 12.93 |
| Previous Close | 13.42 |
| Day's Range | 12.80 - 14.66 |
| 52-Week Range | 3.26 - 14.66 |
| Beta | 1.72 |
| Analysts | Buy |
| Price Target | 13.70 (-5.91%) |
| Earnings Date | Aug 6, 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 Forecast
According to 8 analysts, the average rating for BLZE stock is "Buy." The 12-month stock price target is $13.7, which is a decrease of -5.91% from the latest price.
News
Backblaze price target raised to $14 from $11 at Lake Street
Lake Street analyst Eric Martinuzzi raised the firm’s price target on Backblaze (BLZE) to $14 from $11 and keeps a Buy rating on the shares after the company announced a…
Backblaze price target raised to $14 from $8.50 at Needham
Needham analyst Matt Dezort raised the firm’s price target on Backblaze (BLZE) to $14 from $8.50 and keeps a Buy rating on the shares.
Backblaze price target raised to $16 from $7 at B. Riley
B. Riley raised the firm’s price target on Backblaze (BLZE) to $16 from $7 and keeps a Buy rating on the shares. The company announced a large-scale multi-year data storage…
Backblaze price target raised to $14 from $8 at Citizens
Citizens raised the firm’s price target on Backblaze (BLZE) to $14 from $8 and keeps an Outperform rating on the shares. The company’s announcement of a $335M five-year plus multi-exabyte…
Backblaze upgraded to Market Perform from Underperform at William Blair
William Blair upgraded Backblaze (BLZE) to Market Perform from Underperform.
Blair upgrades Backblaze to Market Perform on ‘game-changing’ deal
William Blair upgraded Backblaze (BLZE) to Market Perform from Underperform without a price target. The company’s $335M multi-exabyte storage contract with CoreWeave (CRWV) is “game-changing,” the ana...
Backblaze upgraded to Buy from Hold at Craig-Hallum
Craig-Hallum analyst Jeff Van Rhee upgraded Backblaze (BLZE) to Buy from Hold with a price target of $16, up from $6.50.
Craig-Hallum upgrades Backblaze to Buy after ‘landmark’ deal
Craig-Hallum upgraded Backblaze (BLZE) to Buy from Hold with a price target of $16, up from $6.50. The company announced a “landmark” storage agreement with CoreWeave (CRWV) for $335M over…
Backblaze extends rally after Hallum upgrade, shares up 34% to $10.95
12:24 EDT Backblaze (BLZE) extends rally after Hallum upgrade, shares up 34% to $10.95
Backblaze enters five-year data storage agreement with CoreWeave
Backblaze (BLZE) announced an agreement with CoreWeave (CRWV). Under the multi-exabyte, $335M agreement, Backblaze will provide cost-efficient storage capacity that supports portions of CoreWeave’s ma...
Backblaze jumps 30% on $335M CoreWeave AI storage deal
Backblaze shares BLZE surged in trading on Tuesday after the company announced a $335 million, five-year storage agreement with AI-focused cloud provider CoreWeave. The deal underscores rising demand ...
Backblaze Announces Five-Year Multi-Exabyte Data Storage Agreement with CoreWeave
SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage platform for the AI era, today announced an agreement with CoreWeave, Inc. (Nasdaq: CRWV), The Essential Cloud for AI™...
Backblaze Transcript: Planet MicroCap Las Vegas 2026
Cloud storage revenue is growing rapidly, driven by AI and data proliferation, with a strategic shift toward larger enterprise and neocloud customers. Competitive advantages include 80% lower pricing than hyperscalers, proprietary technology, and a scalable multi-exabyte platform.
Backblaze to Participate in Fireside Chat at Planet MicroCap Las Vegas 2026
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:Planet Mi...
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.
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...
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...
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 ...
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.
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.
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-...
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...
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…
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.
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.