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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 Growth And RetentionAccelerating B2 growth and retention indicate increasing adoption of Backblaze’s object storage among customers with expanding data needs. This supports recurring usage revenue, stronger customer economics, and durable positioning in cloud and AI infrastructure storage over the coming quarters.
Large Multi-Year CoreWeave ContractThe CoreWeave agreement materially increases contracted demand and embeds Backblaze storage into an AI-focused cloud platform. Multi-year commitments improve revenue visibility, validate the company’s infrastructure role, and create a foundation for larger enterprise and AI customer relationships.
Positive Cash Generation And Margin ExpansionPositive operating and free cash flow despite a net loss demonstrates improving cash conversion and operating efficiency. Combined with higher gross margins, this gives Backblaze more capacity to fund growth, absorb execution demands, and strengthen its economics as revenue scales.
Bears Say
Continued Net Losses And Rising LeverageBackblaze has not yet reached sustained accounting profitability, while debt has risen to roughly the level of equity. Continued losses can limit internally funded investment, and higher leverage increases the importance of maintaining cash generation as the company expands infrastructure.
Heavy Capital Expenditure And Depreciation PressureThe infrastructure build required for committed demand creates substantial near-term capital intensity. Management expects adjusted free cash flow to be neutral for 2026, while new hardware depreciation may pressure gross margins, reducing the immediate cash and earnings benefit of growth.
Customer Concentration And CoreWeave Ramp TimingThe CoreWeave contract improves visibility but also makes execution and revenue timing more dependent on one major customer relationship. Because minimum commitments ramp through mid-2027, contracted demand may not translate into reported revenue evenly over the next several quarters.
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 57 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 73%
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 ▼ 6.0%
Last 30 Days ▼ 6.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
35.87%
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