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BLZE Stock Chart & Stats
$15.28
$0.84(7.24%)
At close: 4:00 PM EDT
$15.28
$0.84(7.24%)
Day’s Range― - ―
52-Week Range$3.26 - $23.99
Previous CloseN/A
Volume724.67K
Average Volume (3M)3.03M
Market Cap
$767.56M
Enterprise Value$996.75
Total Cash (Recent Filing)$49.88M
Total Debt (Recent Filing)$82.44M
Price to Earnings (P/E)―
Beta2.19
Next Earnings
Nov 11, 2026EPS Estimate
0.05Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.34
Shares Outstanding61,900,000
10 Day Avg. Volume1,465,852
30 Day Avg. Volume3,031,895
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)3.15
Price to Sales (P/S)1.80
P/FCF Ratio23.21
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
$22.83Price Target Upside49.43% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)0.21
Revenue Forecast (FY)$162.33M
Bulls Say, Bears Say
Bulls Say
B2 Cloud GrowthAccelerating B2 growth and retention indicate increasing adoption of Backblaze’s core cloud storage platform. Rising ARR and stable net revenue retention support recurring revenue expansion, while greater customer usage can strengthen operating leverage and the company’s position in AI-focused storage.
Improving Margins And GuidanceThe combination of a strong quarterly margin result and higher full-year targets suggests improving monetization and operating efficiency. Raised guidance provides evidence that management sees durable demand and better earnings potential, supporting investment capacity as the business scales.
Strategic CoreWeave PartnershipA multiyear, multi-exabyte agreement embeds Backblaze in an AI infrastructure platform and improves forward demand visibility. The partnership expands exposure to AI workloads, supports larger-customer penetration, and may reinforce Backblaze’s competitive position as a cost-efficient storage provider.
Bears Say
Persistent Net LossesBackblaze has improved gross margin and EBITDA, but continuing net and EBIT losses show that the business has not yet achieved full earnings stability. Persistent unprofitability can constrain internally funded growth and leaves execution dependent on sustained revenue expansion and cost discipline.
Heavy Capital ExpenditureThe planned infrastructure build-out will absorb a substantial share of revenue and reduce near-term free-cash-flow conversion. Heavy investment may support contracted growth, but it also raises execution demands and increases exposure to depreciation and hardware costs before capacity fully translates into revenue.
Rising Leverage And Financing NeedsDebt is already roughly in line with equity, and additional financing increases the importance of successful growth execution. Higher leverage can reduce financial flexibility, add future repayment or dilution considerations, and make the capital-intensive expansion more sensitive to operating shortfalls.
Backblaze News
BLZE FAQ
What was Backblaze’s price range in the past 12 months?
Backblaze lowest stock price was $3.26 and its highest was $23.99 in the past 12 months.
What is Backblaze’s market cap?
Backblaze’s market cap is $767.56M.
When is Backblaze’s upcoming earnings report date?
Backblaze’s upcoming earnings report date is Nov 11, 2026 which is in 58 days.
How were Backblaze’s earnings last quarter?
Backblaze released its earnings results on Aug 03, 2026. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.017 by $0.063.
Is Backblaze overvalued?
According to Wall Street analysts Backblaze’s price is currently Undervalued.
Does Backblaze pay dividends?
Backblaze does not currently pay dividends.
What is Backblaze’s EPS estimate?
Backblaze’s EPS estimate is 0.05.
How many shares outstanding does Backblaze have?
Backblaze has 61,900,000 shares outstanding.
What happened to Backblaze’s price movement after its last earnings report?
Backblaze reported an EPS of $0.08 in its last earnings report, beating expectations of $0.017. Following the earnings report the stock price went up 26.94%.
Which hedge fund is a major shareholder of Backblaze?
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
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$22.83 (49.43% Upside)
$22.83 (49.43% Upside)
Blogger Sentiment
Bullish
BLZE Sentiment 78%
Sector Average 61%
Sector Average 61%
Hedge Fund Trend
Increased
By 2.6M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.5%
Last 30 Days ▼ 6.4%
Last 30 Days ▼ 6.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
31.07%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
20.31%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Backblaze
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
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a strong set of operational and financial beats driven by accelerating B2 growth, a significant multi-year CoreWeave contract, margin expansion, improved cash flow metrics, and raised full-year guidance — all signaling clear momentum in the company’s AI-focused strategy and upmarket progress. Headwinds are present: near-term heavy CapEx (55%–65% of revenue guidance for 2026), higher hardware costs and near-term depreciation pressure, modest declines in the computer backup business, the $22M warrant contra, and some concentration/ramp timing risk around the CoreWeave agreement. Overall, highlights (revenue/EBITDA beats, accelerated B2/ARR growth, large contract and raised guidance) materially outweigh the lowlights, though investors should monitor CapEx intensity and margin timing risks.View all BLZE earnings summariesBLZE Stock 12 Month Forecast
Average Price Target
$22.83
▲(49.43% Upside)
Technical Analysis
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Ownership Overview
5.24% Insiders
7.52% Mutual Funds
14.64% Other Institutional Investors
61.60% Public Companies and Individual Investors