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BLZE Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
OverviewStock Price PredictionTechnicalValuationFinancialsEarningsShould I BuyNews & Events
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Intellectia

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High
7.450
Open
7.130
VWAP
7.20
Vol
1.98M
Mkt Cap
429.00M
Low
6.995
Amount
14.26M
EV/EBITDA(TTM)
45.19
Total Shares
60.00M
EV
442.13M
EV/OCF(TTM)
20.13
P/S(TTM)
2.87
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.
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Events Timeline

(ET)
2026-05-05
16:40:00
Major U.S. Averages Close Broadly Higher, Nasdaq Up 1.03%
select
2026-05-05
12:10:00
Major Averages Broadly Higher, Nasdaq Up 1%
select
2026-05-04 (ET)
2026-05-04
19:50:00
Escalating Geopolitical Tensions in the Middle East Increase Market Volatility
select
2026-05-04
16:10:00
Raises FY26 Adjusted EBITDA Margin View to 23%-25%
select
2026-05-04
16:10:00
Sees Q2 Adjusted EBITDA Margin at 21%-23%
select
2026-05-04
16:10:00
Backblaze Reports Q1 Revenue of $38.7M
select
2026-04-28 (ET)
2026-04-28
09:20:00
Backblaze Releases Q1 2026 Network Stats Report
select
2026-04-13 (ET)
2026-04-13
09:10:00
Backblaze Appoints Anuj Kumar as Chief Revenue Officer
select

News

Yahoo Finance
9.5
05-10Yahoo Finance
PinnedBackblaze Reports Strong Q1 2026 Results with Raised Revenue Outlook
  • Sales Growth: Backblaze reported Q1 2026 sales of $38.67 million, an 11.7% increase from $34.61 million a year earlier, indicating strong demand for its cloud storage services, particularly those related to AI.
  • Narrowed Net Loss: The company's net loss decreased to $6.15 million, with basic loss per share improving from $0.17 to $0.10, reflecting progress in cost control and operational efficiency, which enhances investor confidence.
  • Raised Revenue Outlook: Backblaze raised its full-year 2026 revenue guidance to $161.5 million to $163.5 million, driven by strong demand for AI workloads, suggesting significant growth potential for the company moving forward.
  • Market Competition Pressure: Despite the encouraging AI demand, the company faces intense price competition from large cloud providers and reliance on a handful of major AI customers, which could impact its long-term profitability and market position.
Fool
9.5
05-05Fool
Backblaze Reports Impressive Q1 2026 Earnings Surge
  • Earnings Beat: Backblaze reported adjusted earnings of $0.04 per share for Q1 2026, a significant improvement from a loss of $0.03 per share a year ago, with sales reaching $38.7 million, exceeding Wall Street's expectations of $37.8 million, indicating strong performance in the cloud storage market.
  • AI Demand Driving Growth: Management highlighted that robust demand from AI customers was the primary driver of growth, as the shift of AI models from text to multimodal formats significantly increases data volume requirements, positioning Backblaze's high-speed cloud storage as a key solution to meet this demand.
  • Stock Price Volatility: Despite a 63.58% surge in stock price on Thursday, reaching $7.59, it has not returned to the previous high of $9.66 from November, reflecting market caution regarding the company's future performance, especially after a significant drop following the Q3 2025 report.
  • Cautious Market Outlook: While the earnings report is encouraging, analysts remain skeptical about the company's premium pricing strategy, and insider selling since fall 2023 raises concerns; investors should approach future financial updates with caution to avoid speculative decisions.
stocktwits
9.5
05-05stocktwits
Backblaze Sees Significant Growth in AI Customers
  • Contract Wins: Backblaze secured multiple contracts with an AI training data firm and a generative AI video creation company, contributing approximately $1.5 million in annual contract value, indicating a growing market appeal in the AI sector.
  • Earnings Beat Expectations: The company reported Q1 earnings per share of $0.04 on revenue of $38.7 million, surpassing Wall Street's expectations of nil earnings and $37.8 million in revenue, leading to a 68% surge in stock price at opening, reflecting strong market confidence in its performance.
  • Significant Customer Growth: Backblaze achieved a 24% year-on-year increase in its B2 Cloud storage segment, with annual recurring revenue from large customers growing by 72%, and the number of customers generating over $50,000 in ARR soaring by 51% year-over-year, showcasing robust performance in the cloud storage market.
  • Analysts' Bullish Outlook: Analysts at Lake Street and Needham raised their price targets for Backblaze to $11 and $8.5 respectively, maintaining a 'Buy' rating, primarily due to the upward revision of the 2026 revenue forecast, suggesting a return to double-digit revenue growth in the future.
NASDAQ.COM
4.5
05-05NASDAQ.COM
NASDAQ 100 Pre-Market Indicator Rises Significantly
  • Market Indicator Surge: The NASDAQ 100 Pre-Market Indicator rises by 205.3 points to 27,857.12, indicating a positive shift in market sentiment that may attract more investor interest in tech stocks.
  • Active Stock Performance: GraniteShares 2x Long COIN Daily ETF (CONL) increases by 0.7 to $9.72 with a trading volume of 5,185,460 shares, representing a 93.63% rise from its 52-week low, reflecting sustained investor interest in cryptocurrencies.
  • Intel Earnings Forecast Revisions: Intel Corporation (INTC) sees its stock price rise by 3.73 to $99.51 with 4,203,982 shares traded, as it has had 10 upward revisions in earnings forecasts over the past four weeks, showcasing market confidence in its future financial performance.
  • Circle Internet Earnings Report Preview: Circle Internet Group, Inc. (CRCL) shares rise by 5.55 to $125.08 with a trading volume of 2,278,329 shares, scheduled to report earnings on May 11, 2026, with a consensus EPS forecast indicating a staggering 99,900% increase, highlighting strong growth potential.
seekingalpha
9.5
05-05seekingalpha
Backblaze Reports Strong Q1 2026 Earnings with AI Growth
  • Significant Revenue Growth: Backblaze reported $38.7 million in revenue for Q1 2026, representing a 12% year-over-year increase and exceeding the guidance of $38 million, indicating strong market performance and growth potential.
  • Surge in AI Customers: The company noted a 76% year-over-year increase in AI customers, with over one-third of new bookings coming from the AI sector, demonstrating Backblaze's effective leverage of AI demand to drive business growth.
  • Upward Guidance Revision: Management raised the full-year revenue guidance to $161.5 million to $163.5 million, reflecting optimistic expectations for future market demand, while projecting a 20% growth in B2 for Q2, showcasing robust market momentum.
  • Strategic Personnel Appointment: To accelerate growth, Backblaze appointed Anuj Kumar as Chief Revenue Officer, aiming to enhance market expansion and sales efficiency, thereby strengthening its competitive position in the rapidly evolving cloud storage market.
seekingalpha
9.5
05-04seekingalpha
Backblaze Q1 Earnings Exceed Expectations
  • Earnings Beat: Backblaze reported a Q1 non-GAAP EPS of $0.04, beating expectations by $0.04, indicating solid profitability despite slowing growth.
  • Revenue Growth: The company achieved Q1 revenue of $38.7 million, an 11.8% year-over-year increase, surpassing market expectations by $0.9 million, reflecting sustained demand in the cloud storage market.
  • Strong Cash Reserves: As of March 31, 2026, Backblaze's cash, cash equivalents, and marketable securities totaled $45.5 million, providing ample funding for future investments and operations.
  • Upgraded 2026 Outlook: The company raised its 2026 revenue guidance to between $161.5 million and $163.5 million, with adjusted EBITDA margins increased to 23% to 25%, demonstrating management's confidence in future growth.
Wall Street analysts forecast BLZE stock price to rise
6 Analyst Rating
Wall Street analysts forecast BLZE stock price to rise
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
8.00
Averages
9.50
High
11.00
Current: 0.000
sliders
Low
8.00
Averages
9.50
High
11.00
Needham
Buy
maintain
$6
AI Analysis
2026-05-05
Reason
Needham
Price Target
$6
AI Analysis
2026-05-05
maintain
Buy
Reason
Needham raised the firm's price target on Backblaze to $8.50 from $6 and keeps a Buy rating on the shares.
Lake Street
Buy
maintain
$8 -> $11
2026-05-05
Reason
Lake Street
Price Target
$8 -> $11
2026-05-05
maintain
Buy
Reason
Lake Street raised the firm's price target on Backblaze to $11 from $8 and keeps a Buy rating on the shares. The 2026 revenue guidance is $5M above the prior view, notes the analyst, who is now modeling a return to double-digit revenue growth.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for BLZE
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Valuation Metrics

The current forward P/E ratio for Backblaze Inc (BLZE.O) is 86.21, compared to its 5-year average forward P/E of 14.62. For a more detailed relative valuation and DCF analysis to assess Backblaze Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
14.62
Current PE
86.21
Overvalued PE
173.59
Undervalued PE
-144.36

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
-40.34
Current EV/EBITDA
48.72
Overvalued EV/EBITDA
166.04
Undervalued EV/EBITDA
-246.72

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
2.36
Current PS
2.51
Overvalued PS
3.76
Undervalued PS
0.95

Financials

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Frequently Asked Questions

What is Backblaze Inc (BLZE) stock price today?

The current price of BLZE is 7.15 USD — it has decreased -4.41

What is Backblaze Inc (BLZE)'s business?

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.

What is the price predicton of BLZE Stock?

Wall Street analysts forecast BLZE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BLZE is9.50 USD with a low forecast of 8.00 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Backblaze Inc (BLZE)'s revenue for the last quarter?

Backblaze Inc revenue for the last quarter amounts to 38.67M USD, increased 11.71

What is Backblaze Inc (BLZE)'s earnings per share (EPS) for the last quarter?

Backblaze Inc. EPS for the last quarter amounts to -0.10 USD, decreased -41.18

How many employees does Backblaze Inc (BLZE). have?

Backblaze Inc (BLZE) has 320 emplpoyees as of May 12 2026.

What is Backblaze Inc (BLZE) market cap?

Today BLZE has the market capitalization of 429.00M USD.