Backblaze Inc (BLZE)

Currency in USD
7.59
-0.81(-9.64%)
Closed·
7.50-0.09(-1.19%)
·
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Fair Value
Day's Range
7.558.03
52 wk Range
3.2623.99
Key Statistics
Prev. Close
8.4
Open
7.99
Day's Range
7.55-8.03
52 wk Range
3.26-23.99
Volume
3.21M
Average Volume (3m)
2.48M
1-Year Change
-18.7366%
Book Value / Share
1.31
Fair Value
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Fair Value Upside
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BLZE Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
22.83
Upside
+200.83%
Members' Sentiments
Bearish
Bullish
ProTips
Stock price movements are quite volatile

Backblaze Inc News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Sell
Moving Averages
Strong Sell

Analyst Ratings

6 Buy
1 Hold
0 Sell
Ratings:
7 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 22.83
(+200.83% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Needham
Buy15.00+97.63%23.00Maintain03-11-2026
Citizens
Buy21.00+176.68%-Maintain03-11-2026
William Blair
Hold---Maintain02-10-2026
Citizens
Buy21.00+176.68%21.00Maintain14-09-2026
Citizens
Buy21.00+176.68%-Maintain10-08-2026

Backblaze Inc Earnings Call Summary for Q3/2026

  • Backblaze Q3 2026 EPS of $0.09 beat estimates by 80%; revenue rose 26% YoY to $47M, exceeding consensus by 13.23%; shares surged 39.86% after-hours.
  • B2 Cloud Storage revenue accelerated 47% YoY, up from 34% in Q2; adjusted EBITDA margin expanded 1,000 bps to 33%; ARR from $50K+ customers jumped 109%.
  • Company raised FY 2026 revenue guidance to $177.8M-$178.2M from $173M; adjusted EBITDA margin outlook increased to 30%-31% from 27%-29%.
  • Q4 guidance projects revenue of $49.8M-$50.2M with B2 growth of ~60% YoY; management expects B2 to grow 40%+ in 2027 driven by AI infrastructure demand.
  • CapEx to increase 10x over next year for CoreWeave and neocloud capacity; full ramp expected Q3 2027 with ~2-year payback period on infrastructure investments.
Last Updated: 03-11-2026, 04:26 am
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Earnings

Latest Release
02-11-2026
EPS / Forecast
0.09 / 0.05
Revenue / Forecast
46.65M / 41.2M
EPS Revisions
Last 90 days

BLZE Income Statement

Compare BLZE to Peers and Sector

Metrics to compare
BLZE
Peers
Sector
Relationship
P/E Ratio
−25.3x78.7x11.0x
PEG Ratio
−0.55−0.350.01
Price/Book
5.9x4.0x2.4x
Price / LTM Sales
2.9x6.0x2.1x
Upside (Analyst Target)
199.3%35.8%48.2%
Fair Value Upside
Unlock13.3%10.8%Unlock

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, and multi-cloud data storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; backup, archive, and tape replacement; and Internet of Things. Further, it provides computer backup that automatically backs up data from laptops and desktops for businesses and individuals, which offers a subscription-based software-as-a-service and serves use cases, including MAC and PC backup; ransomware protection; theft and loss recovery; data archiving; organization and managed service provider level management; and remote access. The company serves individuals, developers, MSPS, small and medium-sized businesses, and large enterprises across industries, including media, AI innovators, creative agencies, academic institutions, government agencies, research institutes, and gaming companies. It has a collaboration with WEKA to simplify how AI teams manage data across the AI lifecycle. Backblaze, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.

Employees
320

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
11.72M18.94%98.49M
Other Institutional Investors
26.93M43.51%226.23M
Public Companies & Retail Investors
23.24M37.55%195.25M
Total
61.9M100.00%519.96M

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
BlackRock, Inc.7.63%47,22,48339,669
Vanguard Capital Management, LLC4.75%29,38,28324,682

FAQ

What Is the Backblaze (BLZE) Share Price Today?

The Backblaze share price today is 7.59.

What is the current Backblaze (BLZE) share price and day range?

As of 05-11-2026, the Backblaze share price is 7.59, with a previous close of 8.40. The share price has ranged from 7.55 to 8.03 today, while the 52-week range spans from 3.26 to 23.99.

What Is the Backblaze Market Cap?

As of today, Backblaze market cap is 530.88M.

What Is the Backblaze (BLZE) Share Price Target?

The average 12-month share price target for Backblaze is 22.83, with a high estimate of 25 and a low estimate of 21. 6 analysts recommend buying, while 0 suggest selling, with an overall rating of Buy and +200.83% Upside potential.

What Is Backblaze's Earnings Per Share (TTM)?

The Backblaze EPS (TTM) is -0.32.

When Is the Next Backblaze Earnings Date?

Backblaze will release its next earnings report on 18-02-2027.

From a Technical Analysis Perspective, Is BLZE a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.

What Stock Exchange Does Backblaze Trade On?

Backblaze is listed and trades on the Nasdaq Stock Exchange.

What Is the Stock Symbol for Backblaze?

The stock symbol for Backblaze is "BLZE."

How Many Times Has Backblaze Stock Split?

Backblaze has split 0 times.

How Many Employees Does Backblaze Have?

Backblaze has 320 employees.

What Is the BLZE Premarket Price?

BLZE's last pre-market stock price is 8.00. The pre-market share volume is 24,200.00, and the stock has changed by -0.40, or -4.76%.

What Is the BLZE After Hours Price?

BLZE's last after hours stock price is 7.50, the stock has changed by -0.09, or -1.19%.
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