Backblaze Grants Equity Inducement Awards to Executives
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 10 hours ago
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Should l Buy BLZE?
Source: Newsfilter
- Equity Inducement Awards: On March 24, 2026, Backblaze granted 194,240 and 82,650 restricted stock units (RSUs) to Senior VP Rhett Dillingham and VP of Revenue Operations Joey Myers, respectively, as a significant inducement for their employment, reflecting the company's commitment to its executive team.
- Vesting Schedule: Dillingham's RSUs will vest 25% after one year, with the remaining shares vesting in equal quarterly installments over the next three years, a structure designed to ensure long-term retention and continued contributions from the executives.
- Company Overview: Backblaze provides high-performance cloud object storage that removes barriers of lock-in, complexity, and cost, enabling over 500,000 customers to serve hundreds of millions of end users across 175 countries, showcasing its strong market competitiveness.
- Strategic Implications: By implementing this equity inducement plan, Backblaze not only enhances executive loyalty but also drives innovation and business growth by attracting and retaining key talent, further solidifying its leadership position in the cloud storage market.
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Analyst Views on BLZE
Wall Street analysts forecast BLZE stock price to rise
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 3.400
Low
8.00
Averages
9.50
High
11.00
Current: 3.400
Low
8.00
Averages
9.50
High
11.00
About BLZE
Backblaze, Inc. is a cloud storage company. The Company's two cloud services that it offers on its Storage Cloud are: Backblaze B2 Cloud Storage and Backblaze Computer Backup. Backblaze B2 Cloud Storage enables customers to store data, developers to build applications, and partners to expand their use cases. The amount of data stored in this cloud service can scale up and down as needed on a pay-as-you-go basis, or can be paid for on a capacity basis or committed contract for greater predictability. This Infrastructure-as-a-Service enables use cases including backups, multi-cloud, application storage, ransomware protection, and storage for artificial intelligence/machine learning workflows. Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. This service is offered as a subscription-based Software-as-a-Service and serves use cases including computer backup, ransomware protection, theft and loss protection, and remote access.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Backblaze Grants Equity Inducement Awards to Executives
- Equity Inducement Awards: On March 24, 2026, Backblaze granted 194,240 and 82,650 restricted stock units (RSUs) to Senior VP Rhett Dillingham and VP of Revenue Operations Joey Myers, respectively, as a significant inducement for their employment, reflecting the company's commitment to its executive team.
- Vesting Schedule: Dillingham's RSUs will vest 25% after one year, with the remaining shares vesting in equal quarterly installments over the next three years, a structure designed to ensure long-term retention and continued contributions from the executives.
- Company Overview: Backblaze provides high-performance cloud object storage that removes barriers of lock-in, complexity, and cost, enabling over 500,000 customers to serve hundreds of millions of end users across 175 countries, showcasing its strong market competitiveness.
- Strategic Implications: By implementing this equity inducement plan, Backblaze not only enhances executive loyalty but also drives innovation and business growth by attracting and retaining key talent, further solidifying its leadership position in the cloud storage market.
See More
Backblaze to Showcase New Trends in Sports Broadcasting at NAB 2026
- Industry Shift: Laquie T.N. Campbell from Backblaze will moderate a panel at NAB Show 2026 focused on modern sports workflows, emphasizing the need for flexible systems that enhance reliability and fan experiences from build to broadcast.
- Technological Innovation: The discussion will explore how AI-enabled design and production planning can meet the real-time demands of live broadcasts, showcasing how media companies can achieve scalable infrastructure to support diverse audience experiences.
- Signal Integrity: Campbell highlights that modern sports workflows are no longer just about signal transmission; they require flexible systems that maintain signal integrity and synchronization while supporting immersive and fan-specific experiences, indicating a growing need for technology partners.
- Event Highlights: NAB Show 2026 will take place from April 18-22 in Las Vegas, spotlighting trends in sports innovation, AI, streaming, and cloud-based workflows, with the Backblaze team available for meetings on the show floor to showcase their high-performance cloud storage solutions.
See More
Microsoft Stock Resilient Amid AI Concerns Leading to Downgrades for Dropbox and 8 Others
- Stock Downgrades: Dropbox and several other stocks were downgraded by William Blair analysts on Monday.
- Impact of AI: The analysts indicated that the rise of AI has introduced greater uncertainty within the software sector.
See More
Microsoft Stock Resilient Amid AI Concerns Leading to Downgrades for Dropbox and 8 Others
- Stock Downgrades: Dropbox and several other stocks were downgraded by William Blair analysts on Monday.
- Impact of AI: The analysts indicated that the rise of AI has introduced greater uncertainty within the software sector.
See More
Backblaze Partners with StorageReview to Release 314 Trillion Digits of Pi
- Data Storage Partnership: Backblaze collaborates with StorageReview to make the 314 trillion digits of pi dataset available to the public via its B2 Cloud Storage service, totaling over 130 terabytes, showcasing the cloud's capability in handling massive datasets.
- Computational Achievement: StorageReview successfully calculated pi to 314 trillion digits in December 2025, surpassing many hyperscalers and AI providers, highlighting the significance of high-density flash and careful workload tuning in extreme computing scenarios.
- Technical Support and Innovation: Backblaze's B2 Cloud Storage provides a platform for researchers and developers to explore and leverage this historic dataset, further advancing the application of cloud storage in innovative projects.
- Global Impact: Backblaze's cloud storage services support over 500,000 customers across 175 countries, demonstrating its leadership in global data management and storage solutions.
See More
Backblaze Reports Q4 2025 Earnings Highlights
- Strong Financial Performance: Backblaze reported total revenue of $37.8 million in Q4, reflecting a 14% year-over-year growth, with an adjusted EBITDA margin of 28%, doubling from the previous year, marking the company's first achievement of free cash flow profitability, indicating a significant enhancement in its financial health.
- Significant Customer Growth: The company now has 168 customers generating over $50,000 in ARR each, a 35% increase year-over-year, with this cohort's ARR rising 73% to $26 million, showcasing consistent expansion within its customer base and robust market demand.
- New Product Launches: Backblaze introduced its startup program “Flamethrower” aimed at engaging high-growth companies early, alongside the launch of B2 Neo, a high-performance white label storage solution designed for neoclouds, with a projected market opportunity of $14 billion by 2030.
- Solid Future Outlook: The company anticipates total revenue for 2026 to be in the range of $156.5 million to $158.5 million, with adjusted EBITDA margins expected between 19% and 21%, reflecting management's confidence in future growth while actively addressing market challenges.
See More
Backblaze Grants Equity Inducement Awards to Executives
- Equity Inducement Awards: On March 24, 2026, Backblaze granted 194,240 and 82,650 restricted stock units (RSUs) to Senior VP Rhett Dillingham and VP of Revenue Operations Joey Myers, respectively, as a significant inducement for their employment, reflecting the company's commitment to its executive team.
- Vesting Schedule: Dillingham's RSUs will vest 25% after one year, with the remaining shares vesting in equal quarterly installments over the next three years, a structure designed to ensure long-term retention and continued contributions from the executives.
- Company Overview: Backblaze provides high-performance cloud object storage that removes barriers of lock-in, complexity, and cost, enabling over 500,000 customers to serve hundreds of millions of end users across 175 countries, showcasing its strong market competitiveness.
- Strategic Implications: By implementing this equity inducement plan, Backblaze not only enhances executive loyalty but also drives innovation and business growth by attracting and retaining key talent, further solidifying its leadership position in the cloud storage market.
See More
Backblaze to Showcase New Trends in Sports Broadcasting at NAB 2026
- Industry Shift: Laquie T.N. Campbell from Backblaze will moderate a panel at NAB Show 2026 focused on modern sports workflows, emphasizing the need for flexible systems that enhance reliability and fan experiences from build to broadcast.
- Technological Innovation: The discussion will explore how AI-enabled design and production planning can meet the real-time demands of live broadcasts, showcasing how media companies can achieve scalable infrastructure to support diverse audience experiences.
- Signal Integrity: Campbell highlights that modern sports workflows are no longer just about signal transmission; they require flexible systems that maintain signal integrity and synchronization while supporting immersive and fan-specific experiences, indicating a growing need for technology partners.
- Event Highlights: NAB Show 2026 will take place from April 18-22 in Las Vegas, spotlighting trends in sports innovation, AI, streaming, and cloud-based workflows, with the Backblaze team available for meetings on the show floor to showcase their high-performance cloud storage solutions.
See More
Microsoft Stock Resilient Amid AI Concerns Leading to Downgrades for Dropbox and 8 Others
- Stock Downgrades: Dropbox and several other stocks were downgraded by William Blair analysts on Monday.
- Impact of AI: The analysts indicated that the rise of AI has introduced greater uncertainty within the software sector.
See More
Microsoft Stock Resilient Amid AI Concerns Leading to Downgrades for Dropbox and 8 Others
- Stock Downgrades: Dropbox and several other stocks were downgraded by William Blair analysts on Monday.
- Impact of AI: The analysts indicated that the rise of AI has introduced greater uncertainty within the software sector.
See More
Backblaze Partners with StorageReview to Release 314 Trillion Digits of Pi
- Data Storage Partnership: Backblaze collaborates with StorageReview to make the 314 trillion digits of pi dataset available to the public via its B2 Cloud Storage service, totaling over 130 terabytes, showcasing the cloud's capability in handling massive datasets.
- Computational Achievement: StorageReview successfully calculated pi to 314 trillion digits in December 2025, surpassing many hyperscalers and AI providers, highlighting the significance of high-density flash and careful workload tuning in extreme computing scenarios.
- Technical Support and Innovation: Backblaze's B2 Cloud Storage provides a platform for researchers and developers to explore and leverage this historic dataset, further advancing the application of cloud storage in innovative projects.
- Global Impact: Backblaze's cloud storage services support over 500,000 customers across 175 countries, demonstrating its leadership in global data management and storage solutions.
See More
Backblaze Reports Q4 2025 Earnings Highlights
- Strong Financial Performance: Backblaze reported total revenue of $37.8 million in Q4, reflecting a 14% year-over-year growth, with an adjusted EBITDA margin of 28%, doubling from the previous year, marking the company's first achievement of free cash flow profitability, indicating a significant enhancement in its financial health.
- Significant Customer Growth: The company now has 168 customers generating over $50,000 in ARR each, a 35% increase year-over-year, with this cohort's ARR rising 73% to $26 million, showcasing consistent expansion within its customer base and robust market demand.
- New Product Launches: Backblaze introduced its startup program “Flamethrower” aimed at engaging high-growth companies early, alongside the launch of B2 Neo, a high-performance white label storage solution designed for neoclouds, with a projected market opportunity of $14 billion by 2030.
- Solid Future Outlook: The company anticipates total revenue for 2026 to be in the range of $156.5 million to $158.5 million, with adjusted EBITDA margins expected between 19% and 21%, reflecting management's confidence in future growth while actively addressing market challenges.
See More
