Backblaze, Inc. BLZE
- Market cap
- $836.0M
- P/E
- 0.0×
Follow BLZE
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | — | 16.50 | 3.82 | 3.50 | 4.91 | 3.94 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
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| — | — | — | — | — | 36.50 | 18.16 | 8.49 | 12.65 | 10.86 |
High Price
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| — | — | — | — | 188 | 270 | 393 | 381 | 346 | 320 |
Employees
|
|||
| — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
|
|||
| — | — | — | 41 | 54 | 67 | 85 | 102 | 128 | 146 |
Revenue
|
|||
| — | — | — | 50.61% | 52.03% | 50.89% | 51.51% | 48.87% | 54.33% | 60.89% |
Gross Margin
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| — | — | — | (1) | (7) | (22) | (51) | (60) | (49) | (26) |
EBT
|
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| — | — | — | (2.41%) | (12.30%) | (32.02%) | (60.40%) | (58.53%) | (38.02%) | (17.50%) |
EBT Margin
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| — | 0 | — | (1) | (7) | (22) | (51) | (60) | (49) | (26) |
Net Income
|
|||
| — | — | — | 9 | 14 | 16 | 20 | 25 | 28 | 26 |
Depreciation
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|||
| — | — | — | 2.19 | 2.89 | 3.32 | 2.69 | 2.83 | 2.93 | 2.59 |
Revenue/Sh
|
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| — | — | — | (0.05) | (0.36) | (1.07) | (1.63) | (1.63) | (1.11) | (0.46) |
Earnings/Sh
|
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| — | — | — | 0.71 | 0.69 | 0.17 | (0.44) | (0.20) | 0.29 | 0.42 |
Cash Flow/Sh
|
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| — | — | — | (0.17) | (0.27) | (0.55) | (0.50) | (0.55) | (0.32) | (0.22) |
Capex/Sh
|
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| — | — | — | 0.54 | 0.42 | (0.38) | (0.94) | (0.76) | (0.03) | 0.20 |
Free CF/Sh
|
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| — | — | — | 0.01 | (0.22) | 4.69 | 2.17 | 1.25 | 1.78 | 1.48 |
Book Value/Sh
|
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| — | — | — | 19 | 19 | 20 | 32 | 36 | 44 | 56 |
Shares
|
|||
| — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
PE Ratio
|
|||
| — | — | — | 5.95 | 5.95 | 5.09 | 2.28 | 2.61 | 2.05 | 1.80 |
PS Ratio
|
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| — | — | — | 0.00 | 0.00 | 3.60 | 2.83 | 5.91 | 3.38 | 3.15 |
PB Ratio
|
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| — | — | — | 6.33 | 6.33 | 4.03 | 2.01 | 2.55 | 1.77 | 1.63 |
EV/Sales
|
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| — | — | — | (99.55) | (99.55) | (21.18) | (4.89) | (8.03) | (35.39) | 37.90 |
EV/FCF
|
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| — | — | — | 13 | 13 | 4 | (14) | (7) | 13 | 24 |
Op' Cash Flow
|
|||
| — | — | — | (3) | (5) | (11) | (16) | (20) | (14) | (12) |
Capex
|
|||
| — | — | — | 10 | 8 | (8) | (30) | (27) | (1) | 11 |
FCF
|
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| — | — | — | (19) | (27) | 66 | 18 | (19) | 6 | 4 |
Working Cap'
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| — | — | — | 17 | 20 | 33 | 42 | 17 | 13 | 21 |
Total Debt
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| — | — | — | 10 | 14 | (72) | (23) | (12) | (42) | (30) |
Net Debt
|
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| — | — | — | 0 | (4) | 95 | 69 | 45 | 78 | 83 |
Sh' Equity
|
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| — | — | — | (5.16%) | (14.23%) | (19.91%) | (32.53%) | (42.03%) | (32.33%) | (14.21%) |
ROA
|
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| — | — | — | 5.95% | (23.26%) | (49.17%) | (66.35%) | (109.42%) | (80.70%) | (27.79%) |
ROIC
|
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| — | — | — | 21.12% | 140.41% | (48.97%) | (62.59%) | (105.05%) | (79.20%) | (31.85%) |
ROE
|
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Backblaze, Inc. (BLZE) key facts
- Backblaze, Inc. (BLZE) is a Software Infrastructure company in the Technology sector, listed on Nasdaq.
- Backblaze, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $145.8 million, up 14.3% from fiscal 2024.
- Backblaze, Inc. reported a net loss of $25.6 million, or a loss of $0.46 per share, for fiscal 2025.
- As of September 25, 2026, BLZE traded at $13.19, a market capitalization of $836.0 million.
- Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 5.1× sales.
- Return on equity was −31.9% and debt-to-equity 0.34.
Backblaze, Inc. (BLZE) Latest News
9 Sep
Backblaze partners with WEKA to simplify data management across the AI lifecycle. Partnership with WEKA targets AI data solutions and may moderately lift Backblaze competitive positioning.
19 Aug
Backblaze prices upsized $175 million convertible senior notes offering. Convertible notes raise provides capital for operations but adds dilution risk and debt obligations.
18 Aug
Backblaze proposes private offering of $150 million convertible senior notes due 2029, with possible $22.5 million underwriter option. Notes convertible into cash, shares or combination at initial rate of 80.6452 shares per $1,000 principal, equating to roughly $12.40 per share. Proceeds targeted at general corporate purposes including working capital and potential acquisitions. Convertible note issuance supplies capital while creating dilution risk and added leverage that can affect balance sheet and investor perception.
10 Aug
Backblaze (BLZE) released its Q2 2026 earnings call transcript covering financial results and outlook. Earnings call details company performance metrics and guidance that can shift near-term stock sentiment.
7 Aug
Backblaze Q2 earnings call emphasized CoreWeave partnership and AI storage initiatives as key growth drivers. CoreWeave tie-up and AI storage push signal major revenue expansion potential in high-growth infrastructure segment.
6 Aug
Backblaze Q2 earnings and CoreWeave deal have boosted investor interest in BLZE, prompting questions on whether the stock is overvalued. Q2 results plus CoreWeave partnership mark major strategic and financial developments likely to shift BLZE trajectory and sentiment.
4 Aug
Backblaze secured a record $335M Coreweave deal and reported 34% B2 growth during its Q2 2026 earnings call. The record $335M Coreweave contract delivers transformative revenue that redefines Backblaze's growth trajectory.
Backblaze stock reaches 55-month high after CEO reports amazing quarter and CRWV deal impresses Wall Street. Strong quarterly results and CRWV deal drive multi-year stock high and shift investor outlook.
BLZE shares rose 64% after the company posted a narrower Q2 loss and filed a new shelf registration, raising questions on whether the bull case has changed. Narrower quarterly loss supports near-term financials while shelf filing opens door to future capital raises that may alter share structure.
Backblaze (BLZE) shares rose after the company posted stronger-than-expected revenue growth and expanded its customer base in the latest quarter. Revenue growth and customer expansion can lift near-term valuation and sentiment but are unlikely to reshape long-term trajectory on their own.
Backblaze, Inc. released Q2 2026 earnings results and outlook during its earnings call. Quarterly earnings updates provide financial metrics and guidance that moderately shift near-term investor sentiment.
3 Aug
Backblaze Q2 earnings call highlighted quarterly revenue, customer growth, and storage expansion plans. Earnings details provide moderate insight into financial trajectory without major strategic shifts.
Backblaze, Inc. (BLZE) reports its second quarter 2026 financial results. Quarterly earnings releases typically provide performance metrics that influence near-term stock valuation and sentiment without guaranteeing major strategic shifts.
15 Jul
Backblaze surpasses 340,000 drives as AI demand boosts storage needs. Drive count growth signals expanding operations tied to AI storage demand without evidence of immediate major trajectory shifts.
10 Jul
Backblaze secured a $335 million AI storage contract with CoreWeave, lifting shares 14.1% and prompting questions on whether its long-term growth trajectory has improved. The $335 million CoreWeave contract constitutes a major revenue commitment that can materially lift Backblaze's financial results and AI-storage positioning.
8 Jul
Backblaze secures a $335 million AI infrastructure deal. $335 million AI infrastructure contract delivers transformative revenue and market expansion for Backblaze.
1 Jul
Backblaze partners with CoreWeave on $335M AI cloud storage initiative. $335M partnership with CoreWeave marks major strategic expansion into AI cloud storage for Backblaze.
25 Jun
Backblaze lands major AI storage contract with CoreWeave, prompting questions on whether the megadeal fundamentally improves BLZE investment prospects and long-term growth trajectory. CoreWeave megadeal represents major strategic expansion into AI storage that can materially lift revenue and competitive position.
24 Jun
Backblaze stock jumps after landing major AI deal with CoreWeave, strengthening bull case for future growth. Huge CoreWeave AI deal marks major strategic expansion into high-growth AI cloud storage.
Backblaze (BLZE) stock surges toward best day since March 2024 after CoreWeave partnership triggers analyst upgrades. CoreWeave deal represents major strategic move likely to boost Backblaze growth and investor sentiment.
23 Jun
Backblaze stock surges 44% after signing a deal with CoreWeave to supply cloud storage for AI workloads. CoreWeave contract gives Backblaze major new AI revenue stream and visibility.
Backblaze stock surges after signing storage deal with CoreWeave, with retail bulls positioning the company as an emerging AI cloud player. Storage deal with CoreWeave represents major strategic expansion into AI cloud storage, likely boosting revenue and market position significantly.
Backblaze signs five-year agreement to supply multi-exabyte data storage to CoreWeave. Five-year multi-exabyte storage contract with CoreWeave establishes major new revenue stream and growth catalyst.
6 Jun
Backblaze experiences AI-driven surge in cloud storage demand and secures neocloud deals. AI boom and neocloud deals drive major growth in Backblaze cloud storage business.
26 May
Backblaze (BLZE) faces slowing growth while profitability improves, marking a shift in its performance trajectory. Slowing growth combined with rising profitability points to moderate effects on financial trajectory and market positioning.
12 May
Backblaze reports surging AI demand driving faster growth in its B2 Cloud Storage product. AI demand surge accelerates B2 Cloud Storage growth, positioning Backblaze for significant revenue expansion in a high-growth market.
11 May
Backblaze (BLZE) beat Q1 expectations with strong revenue growth and raised full-year guidance, fueling optimism for surging AI storage demand and prompting a favorable valuation reassessment amid expanding cloud market opportunities. Q1 earnings beat and elevated guidance underscore accelerating AI storage demand, likely driving substantial stock gains and long-term growth trajectory.
Rising earnings estimates for Backblaze (BLZE) signal potential stock price gains amid improving analyst outlooks. Rising earnings estimates indicate moderately positive shifts in financial expectations, capable of influencing market sentiment without fundamentally altering long-term trajectory.
10 May
Backblaze (BLZE) stock surged 75.2% after the company raised its 2026 revenue outlook to $230 million from $190-$195 million, fueled by exploding AI storage demand that tripled B2 Cloud Storage capacity reservations. Raising 2026 revenue guidance amid AI-driven storage demand triples capacity reservations and triggers 75.2% stock surge, fundamentally boosting long-term prospects.
5 May
Backblaze (BLZE) stock surged 81% this morning after reporting stronger-than-expected Q2 results, including 20% year-over-year revenue growth to $30.2 million, first-ever positive net income, raised full-year guidance, and expanding AI cloud storage demand. Exceptional earnings beat, profitability milestone, and upward guidance revision position Backblaze for accelerated growth and enhanced investor confidence.