Backblaze, Inc. (BLZE)
NASDAQ:BLZE
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BLZE Stock Chart & Stats
$4.10
-$0.13(-2.02%)
At close: 4:00 PM EST
$4.10
-$0.13(-2.02%)
Day’s Range― - ―
52-Week Range$3.26 - $10.86
Previous CloseN/A
Volume64.56K
Average Volume (3M)3.01M
Market Cap
$497.40M
Enterprise Value$532.40M
Total Cash (Recent Filing)$45.48M
Total Debt (Recent Filing)$62.35M
Price to Earnings (P/E)―
Beta2.07
Next Earnings
Aug 11, 2026EPS Estimate
0.02Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.39
Shares Outstanding60,000,000
10 Day Avg. Volume1,382,188
30 Day Avg. Volume3,011,033
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)3.15
Price to Sales (P/S)1.80
P/FCF Ratio13.90
Enterprise Value/Market Cap1.07
Enterprise Value/Revenue3.55
Enterprise Value/Gross Profit5.72
Enterprise Value/Ebitda84.72
Forecast
1Y Price Target
$8.63Price Target Upside110.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)0.12
Revenue Forecast (FY)$157.52M
Bulls Say, Bears Say
Bulls Say
B2 Cloud Storage MomentumSustained B2 ARR and revenue growth indicate durable, usage‑based recurring revenue that scales with customer data needs. Strong ARR reduces revenue volatility, supports higher lifetime value, and improves ability to upsell into storage tiers and enterprise deals, underpinning multi-year revenue expansion.
Gross Margin ImprovementMaterial gross margin expansion reflects improved unit economics from product mix, pricing/packaging changes and operating leverage. Higher gross margins provide a structural buffer for SG&A investment, facilitate path to profitability, and increase cash generation potential as revenue scales.
Improved Cash GenerationConsistent positive operating and free cash flow, despite net losses, shows the business generates real cash from operations. This enhances funding flexibility, supports capex and lease financing plans, reduces reliance on equity, and strengthens the foundation for sustainable growth and capital allocation.
Bears Say
Still Net UnprofitableDespite operational gains, persistent net losses and negative return on equity mean shareholder returns aren't yet realized. This requires continued margin improvement and revenue acceleration to translate operating leverage into durable GAAP profitability and justify capital deployment long‑term.
Declining Computer Backup SegmentA shrinking legacy segment with sub‑100% NRR reduces the base of recurring revenue and raises customer churn risks. Offsetting losses requires faster B2 expansion and successful upmarket moves; prolonged decline increases customer acquisition needs and heightens execution demands on go‑to‑market investments.
CapEx And Cost PressureElevated, front‑loaded CapEx and rising per‑unit equipment costs structurally raise cash intensity of growth. Higher capital intensity can compress free cash flow and margins if revenue ramps slower than assumed, increasing financing and execution risk for scaling large AI/Neocloud deployments.
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 $10.86 in the past 12 months.
What is Backblaze, Inc.’s market cap?
Backblaze, Inc.’s market cap is $497.40M.
When is Backblaze, Inc.’s upcoming earnings report date?
Backblaze, Inc.’s upcoming earnings report date is Aug 11, 2026 which is in 54 days.
How were Backblaze, Inc.’s earnings last quarter?
Backblaze, Inc. released its earnings results on May 04, 2026. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0 by $0.04.
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 0.02.
How many shares outstanding does Backblaze, Inc. have?
Backblaze, Inc. has 60,000,000 shares outstanding.
What happened to Backblaze, Inc.’s price movement after its last earnings report?
Backblaze, Inc. reported an EPS of $0.04 in its last earnings report, beating expectations of $0. Following the earnings report the stock price went up 63.578%.
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
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$8.63 (110.37% Upside)
$8.63 (110.37% Upside)
Blogger Sentiment
Bullish
BLZE Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 32.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 6.8%
Last 30 Days ▲ 5.5%
Last 30 Days ▲ 5.5%
Technicals
SMA
Positive
20 days / 200 days
Momentum
62.23%
12-Months-Change
Fundamentals
Return on Equity
-27.17%
Trailing 12-Months
Asset Growth
13.22%
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
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a strong operational quarter with multiple tangible signs of momentum: revenue and adjusted EBITDA beats, accelerating B2 growth (24% YoY), expanded ARR, improved gross margin, sizable upmarket deals, pronounced AI customer traction (AI customers +76% YoY and >1/3 of new bookings), and raised full‑year guidance. Offsetting pressures include a declining Computer Backup business, near‑term negative adjusted free cash flow driven by timing and accelerated CapEx, methodology changes that add short‑term metric volatility, and supply‑chain/cost inflation headwinds. On balance, positive execution and upgraded guidance outweigh the manageable near‑term and execution risks.View all BLZE earnings summariesBLZE Stock 12 Month Forecast
Average Price Target
$8.63
▲(110.37% Upside)
Technical Analysis
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Ownership Overview
5.77% Insiders
7.60% Mutual Funds
12.51% Other Institutional Investors
64.88% Public Companies and
Individual Investors