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Backblaze (BLZE) Stock Price & Analysis

BLZE Stock Chart & Stats

$7.59-$1.14(-13.06%)
At close: 4:00 PM EDT
$10$15$203 Aug17 Aug31 Aug14 Sep28 Sep12 Oct26 Oct
Day’s Range
$7.36 - $8.28
52-Week Range
$3.26 - $23.99
Previous Close
$8.73
Volume
724.67K
Average Volume (3M)
1.91M
Market Cap
$469.82M
Enterprise Value
$996.75M
Total Cash (Recent Filing)
$49.88M
Total Debt (Recent Filing)
$82.44M
Price to Earnings (P/E)
―
Beta
2.31
Next Earnings
Nov 02, 2026 (Est.)
EPS Estimate
0.05
Next Dividend Ex-Date
N/A
Dividend Yield
N/A

Bulls Say, Bears Say

Bulls Say

B2 Cloud Growth

Accelerating B2 growth and 113% net revenue retention indicate strong customer expansion and durable demand for Backblaze’s cloud storage platform. Increasing recurring revenue from existing customers can support more predictable growth and reinforce the company’s position in developer and AI workloads.

Contracted Demand

The large multi-year CoreWeave agreement materially improves demand visibility and validates Backblaze’s relevance to AI infrastructure customers. Contracted commitments can support capacity planning, future revenue growth, and greater operating leverage as minimum volumes ramp through mid-2027.

Cash Generation

Positive operating and free cash flow despite a reported net loss shows improving cash economics and operating efficiency. Strong free cash flow growth gives Backblaze an internal funding source for expansion, although maintaining this generation remains important as investment and leverage increase.

Bears Say

Continued Net Losses

Backblaze has not yet reached durable accounting profitability, leaving earnings more sensitive to continued growth, expense control, and execution. Negative EBIT and net income can limit financial flexibility and make the business more vulnerable if revenue growth or margin improvement slows.

Heavy Capital Spending

The planned capacity build is substantial relative to revenue and is expected to absorb cash in 2026, reducing near-term funding flexibility. Higher infrastructure spending and subsequent depreciation could pressure free cash flow and gross margins before contracted demand fully ramps.

Computer Backup Decline

Ongoing contraction in the computer backup business creates a durable offset to faster-growing B2 storage activities. A declining legacy segment can dilute consolidated growth, require continued investment to retain customers, and increase reliance on successful execution in AI and enterprise workloads.

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 $469.82M.
When is Backblaze’s upcoming earnings report date?
Backblaze’s next earnings report is estimated for Nov 02, 2026 (not yet confirmed), which is today.
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?
Hedge funds hold Backblaze shares: the largest hedge-fund position in Backblaze is 71,884,140 shares, and hedge funds increased their holdings by 3.7M shares last quarter.
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