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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)1.67M
Market Cap
$854.22M
Enterprise Value$996.75M
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. Volume1,723,101
30 Day Avg. Volume1,668,173
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 Cap1.17
Enterprise Value/Revenue6.38
Enterprise Value/Gross Profit10.29
Enterprise Value/Ebitda98.37
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 strong product adoption among developers and organizations. A 113% net revenue retention rate means the installed base is expanding through existing customers, supporting recurring revenue growth and improving the durability of future revenue.
Positive Cash GenerationPositive operating and free cash flow despite a reported net loss shows that the business is converting activity into cash and improving operating efficiency. Sustained cash generation can help fund growth, reduce reliance on external capital, and support resilience through investment cycles.
Margin Expansion And Raised OutlookImproving gross and adjusted EBITDA margins suggest that scale, pricing, and operating efficiencies are strengthening the economics of the platform. The raised full-year outlook adds evidence that management sees this improvement as durable enough to support higher revenue and profitability expectations.
Bears Say
Continuing Net LossesBackblaze has improved gross margin and EBITDA, but continuing net and EBIT losses show that the company has not yet achieved full earnings stability. Persistent losses can constrain internally funded investment and make the long-term benefits of operating leverage dependent on further scale and execution.
Heavy Capital Expenditure RequirementThe planned infrastructure buildout requires unusually high capital spending relative to revenue, limiting near-term cash conversion even as demand grows. Heavy investment also raises execution and depreciation pressure, making margin and free-cash-flow improvement less dependable during the expansion period.
Customer Concentration And Ramp TimingThe large CoreWeave contract improves visibility but makes a meaningful portion of expected expansion dependent on one customer’s ramp and minimum commitments. Delayed utilization or slower deployment could defer revenue realization and make growth less balanced across the customer base.
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 $854.22M.
When is Backblaze’s upcoming earnings report date?
Backblaze’s upcoming earnings report date is Nov 11, 2026 which is in 34 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 75%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Increased
By 2.6M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▼ 1.2%
Last 30 Days ▲ 2.8%
Last 30 Days ▲ 2.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
46.53%
12-Months-Change
Fundamentals
Return on Equity
-24.09%
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
61.27% Public Companies and Individual Investors