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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 - $18.25
Previous CloseN/A
Volume724.67K
Average Volume (3M)4.18M
Market Cap
$682.80M
Enterprise Value$221.42
Total Cash (Recent Filing)$45.48M
Total Debt (Recent Filing)$62.35M
Price to Earnings (P/E)―
Beta1.86
Next Earnings
Aug 03, 2026EPS Estimate
0.02Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.39
Shares Outstanding60,000,000
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 Ratio13.90
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
$13.64Price Target Upside17.51% 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 Storage MomentumSustained B2 revenue and ARR growth reflect durable, usage-based demand and expanding customer commitment. A rising ARR base increases revenue visibility and supports upsell and pricing power, particularly as AI and data‑lake workloads drive larger and stickier storage consumption over multi-year cycles.
Improving Margins & Positive EBITDAMaterial margin expansion and a shift to positive adjusted EBITDA signal improving unit economics and operating leverage. Better gross margins plus disciplined SG&A tailwinds create a more durable profitability runway, enabling reinvestment into growth without immediate equity dilution if trends persist.
Large Multi‑Exabyte CoreWeave DealA multiyear, multi‑exabyte contract provides substantial contracted demand and validates Backblaze as a core storage layer for AI platforms. The deal increases long‑term revenue visibility, supports scale economics, and aligns incentives via warrants—reducing insourcing risk and deepening strategic customer relationships.
Bears Say
Ongoing Net LossesDespite progress, persistent net losses and a negative ROE indicate the balance sheet is not yet delivering shareholder returns. Continued unprofitability increases reliance on capital markets or leasing to fund growth and heightens execution risk if margin improvements stall or revenue growth slows.
Declining Computer Backup SegmentA shrinking backup business reduces revenue diversification and raises dependence on B2 and AI demand to sustain growth. Declining NRR undercuts retention economics for that cohort and forces the company to replace lost revenue with higher‑margin, larger upmarket deals—a shift that risks concentration and execution complexity.
CapEx Intensity & Lease Financing RiskHigher capex intensity, pulled‑forward spending and rising equipment costs pressure free cash flow and may increase reliance on capital leases (already expanded). This can raise leverage and fixed obligations, reducing financial flexibility and amplifying downside if demand or pricing weakens over the medium term.
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 $18.25 in the past 12 months.
What is Backblaze, Inc.’s market cap?
Backblaze, Inc.’s market cap is $682.80M.
When is Backblaze, Inc.’s upcoming earnings report date?
Backblaze, Inc.’s upcoming earnings report date is Aug 03, 2026 which is in 3 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
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$13.64 (17.51% Upside)
$13.64 (17.51% Upside)
Blogger Sentiment
Bullish
BLZE Sentiment 60%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 32.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 6.3%
Last 30 Days ▼ 6.3%
Technicals
SMA
Positive
20 days / 200 days
Momentum
114.20%
12-Months-Change
Fundamentals
Return on Equity
―
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
$13.64
▲(17.51% Upside)
Technical Analysis
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Ownership Overview
5.77% Insiders
7.76% Mutual Funds
1.41% Other Institutional Investors
73.85% Public Companies and Individual Investors