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BLZE Stock Chart & Stats
$11.61
$0.84(7.24%)
At close: 4:00 PM EDT
$11.61
$0.84(7.24%)
Day’s Range― - ―
52-Week Range$3.26 - $23.99
Previous CloseN/A
Volume724.67K
Average Volume (3M)4.18M
Market Cap
$1.04B
Enterprise Value$996.75
Total Cash (Recent Filing)$49.88M
Total Debt (Recent Filing)$82.44M
Price to Earnings (P/E)―
Beta2.08
Next Earnings
Nov 11, 2026EPS Estimate
0.05Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.34
Shares Outstanding61,900,000
10 Day Avg. Volume2,011,894
30 Day Avg. Volume4,182,156
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)3.15
Price to Sales (P/S)1.80
P/FCF Ratio23.21
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$22.83Price Target Upside96.67% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)0.11
Revenue Forecast (FY)$162.33M
Bulls Say, Bears Say
Bulls Say
B2 Cloud Growth And Contracted AI DemandAccelerating B2 adoption, 113% net revenue retention and a large multi-year CoreWeave agreement strengthen recurring demand. These trends improve revenue visibility and position Backblaze as a storage provider for expanding AI infrastructure workloads.
Improving Margins And Cash GenerationMargin expansion and positive free cash flow indicate improving operating efficiency as revenue scales. Sustained cash generation could help fund infrastructure growth internally and reduce dependence on external capital over time.
Capital-Light Managed Storage ExpansionThe managed-storage model expands addressable use cases, including regional and sovereign workloads, without requiring Backblaze to own all deployed hardware. This can support customer growth while reducing the capital intensity of expansion in selected markets.
Bears Say
Continuing Net Losses And Moderate Revenue GrowthBackblaze has improved gross margin and EBITDA, but it remains loss-making at the net income and EBIT levels. Modest trailing revenue growth also suggests that broader profitability depends on continued B2 acceleration and successful operating leverage.
Heavy Infrastructure Investment And Financing NeedsThe capacity build required for contracted demand may temporarily absorb cash and increase depreciation and hardware costs. New convertible notes and expanded lease capacity improve funding flexibility but can raise future leverage and capital obligations.
Customer Concentration And Backup Business DeclineCoreWeave improves visibility but creates concentration and timing exposure because contracted minimums ramp gradually. At the same time, the computer backup business is expected to keep declining, increasing reliance on B2 and a smaller group of large customers.
Backblaze News
BLZE FAQ
What was Backblaze, Inc.’s price range in the past 12 months?
Backblaze, Inc. lowest stock price was $3.26 and its highest was $23.99 in the past 12 months.
What is Backblaze, Inc.’s market cap?
Backblaze, Inc.’s market cap is $1.04B.
When is Backblaze, Inc.’s upcoming earnings report date?
Backblaze, Inc.’s upcoming earnings report date is Nov 11, 2026 which is in 82 days.
How were Backblaze, Inc.’s earnings last quarter?
Backblaze, Inc. released its earnings results on Aug 03, 2026. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.017 by $0.063.
Is Backblaze, Inc. overvalued?
According to Wall Street analysts Backblaze, Inc.’s price is currently Undervalued.
Does Backblaze, Inc. pay dividends?
Backblaze, Inc. does not currently pay dividends.
What is Backblaze, Inc.’s EPS estimate?
Backblaze, Inc.’s EPS estimate is 0.05.
How many shares outstanding does Backblaze, Inc. have?
Backblaze, Inc. has 61,900,000 shares outstanding.
What happened to Backblaze, Inc.’s price movement after its last earnings report?
Backblaze, Inc. reported an EPS of $0.08 in its last earnings report, beating expectations of $0.017. Following the earnings report the stock price went up 26.94%.
Which hedge fund is a major shareholder of Backblaze, Inc.?
Currently, no hedge funds are holding shares in BLZE
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Backblaze Stock Smart Score
Outperform
1
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10
Analyst Consensus
Strong Buy
Average Price Target:
$22.83 (96.67% Upside)
$22.83 (96.67% Upside)
Blogger Sentiment
Bullish
BLZE Sentiment 78%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 32.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 2.8%
Last 30 Days ▲ 7.2%
Last 30 Days ▲ 7.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
114.20%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
20.31%
Trailing 12-Months
Company Description
Backblaze, Inc.
Backblaze, Inc. functions as a cloud storage provider, delivering comprehensive online services for businesses and individual consumers to securely store, manage, and access their data globally. The company's cloud solutions are underpinned by a highly scalable software infrastructure built upon cost-effective, commercial-grade hardware. One of its flagship offerings is Backblaze B2 Cloud Storage, a versatile service empowering clients to store data, developers to construct applications, and partners to enhance their service portfolios. This consumption-based Infrastructure-as-a-Service (IaaS) supports a range of functionalities, including data backups, multi-cloud environments, application development, and robust ransomware defense. Furthermore, Backblaze offers Computer Backup, an automated subscription-based Software-as-a-Service (SaaS) that safeguards data on laptops and desktops for both corporate and personal use. This service facilitates routine computer backups, offers protection against ransomware, mitigates risks from theft and loss, and provides remote access capabilities. Backblaze primarily serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was founded in 2007 and is headquartered in San Mateo, California.
BLZE Company Deck
BLZE Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a strong set of operational and financial beats driven by accelerating B2 growth, a significant multi-year CoreWeave contract, margin expansion, improved cash flow metrics, and raised full-year guidance — all signaling clear momentum in the company’s AI-focused strategy and upmarket progress. Headwinds are present: near-term heavy CapEx (55%–65% of revenue guidance for 2026), higher hardware costs and near-term depreciation pressure, modest declines in the computer backup business, the $22M warrant contra, and some concentration/ramp timing risk around the CoreWeave agreement. Overall, highlights (revenue/EBITDA beats, accelerated B2/ARR growth, large contract and raised guidance) materially outweigh the lowlights, though investors should monitor CapEx intensity and margin timing risks.View all BLZE earnings summariesBLZE Stock 12 Month Forecast
Average Price Target
$22.83
▲(96.67% Upside)
Technical Analysis
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Ownership Overview
5.60% Insiders
7.52% Mutual Funds
14.64% Other Institutional Investors
61.07% Public Companies and Individual Investors