Backblaze, Inc.

BLZE • Software - Infrastructure

$13.46

— 0.00 (0.00%)

EarningsLatest report: Jun 30, 2026

HIGHER-RISK PROFILECautionConfidence: 70%

Quantitative profile — not an investment recommendation.

Quantitative profile — not an investment recommendation.Methodology

Analysis thesis: Caution is warranted. Recent ratios show weaknesses that may limit returns unless fundamentals improve.

Market Cap

$817.98M

Growth

2.9%

Cash Flow

2/5

Trend

Volatile

Evidence

Positive free cash flow · 0.34Weak profitability

Financial data as of: Jun 30, 2026, 12:00 AM UTCLast earnings update: Jun 30, 2026, 12:00 AM UTCLast profile update: Aug 5, 2026, 2:27 PM UTC

Company Snapshot

Key valuation, quality, financial strength, momentum and analyst data.

Price$13.46

Change0.00%

Shares Out60.79M

Market Cap$817.98M

Enterprise Value$850.54M

52W Range3.26 - 23.99

Beta1.57

P/E-40.04

P/S5.23

P/B9.24

P/FCF38.66

EV/Sales5.44

Price$13.46

Change0.00%

Shares Out60.79M

Market Cap$817.98M

Enterprise Value$850.54M

52W Range3.26 - 23.99

Beta1.57

P/E-40.04

P/S5.23

P/B9.24

P/FCF38.66

EV/Sales5.44

EV/EBITDA298.12

EV/FCF40.20

Earnings Yield-2.50%

FCF Yield2.59%

Dividend Yield0.00%

Gross Margin60.89%

Oper. Margin-13.82%

Profit Margin-17.56%

Debt/Eq0.98

Current Ratio1.07

Quick Ratio1.07

Revenue 5Y2.86%

FCF 5Y-6.97%

Target$20.00

Target Upside48.64%

Target Median$21.00

Target Range16.00 - 23.00

Volume11.70M

Avg Volume3.56M

EPS Surprise0.02

Investment DNA

How strong this company looks for long-term investors

out of 100

Business Quality

Margins, moat, returns

22/100

Financial Strength

Debt, cash, stability

52/100

Growth Potential

Revenue and expansion

77/100

Price Attractiveness

Cheap or expensive today

67/100

Why this score▼

Positive free cash flow · 0.34Weak profitability

Analyst view

Analyst sentiment and price target

BLZE

Analyst sentiment

Based on 9 analyst votes · 2026-09-05

89/100

Bullish

Hold

Bearish

Price Target

2026-08-05

Low

$8.00

Mean

$15.30

Median

$16.00

High

$23.00

Company Overview

IPO: 11/11/2021

Industry: Software - Infrastructure

P/B i: 9.24

Debt / Equity i: 0.98

Operating Margin: -13.82%

Net Margin: -17.56%

ROE i: -

ROIC: -

Financial Health

Score10 / 20

Debt / Equity: 0.98

Current Ratio: 1.07

Quick Ratio: 1.07

Status: Moderate

Insider Transactions

Recent executive and insider activity

D An Evelyn

Transaction: 05/26/2026

BUY

Change

+19,306

Price

Not reported

Filing

06/01/2026

Type

BUY

FRY EARL E

Transaction: 05/26/2026

BUY

Change

+19,306

Price

Not reported

Filing

06/01/2026

Type

BUY

Carter Miller Jocelyn

Transaction: 05/26/2026

BUY

Change

+19,306

Price

Not reported

Filing

06/01/2026

Type

BUY

Insider	Type	Change	Price	Transaction	Filing
D An Evelyn	BUY	+19,306	Not reported	05/26/2026	06/01/2026
FRY EARL E	BUY	+19,306	Not reported	05/26/2026	06/01/2026
Carter Miller Jocelyn	BUY	+19,306	Not reported	05/26/2026	06/01/2026
NELSON BARBARA H	BUY	+19,306	Not reported	05/26/2026	06/01/2026
Budman Gleb	SELL	-18,000	$7.43	05/20/2026	05/26/2026
Suidan Marc	SELL	-18,000	$7.43	05/20/2026	05/21/2026
Budman Gleb	SELL	-18,000	$7.43	05/20/2026	05/21/2026
Suidan Marc	BUY	+2,500	$3.68	05/19/2026	05/21/2026
Suidan Marc	SELL	-2,555	$7.27	05/14/2026	05/18/2026
Budman Gleb	SELL	-3,833	$7.27	05/14/2026	05/18/2026
Budman Gleb	BUY	+128,205	Not reported	04/01/2026	04/02/2026
Suidan Marc	BUY	+85,470	Not reported	04/01/2026	04/02/2026
Spraggins Daniel	OTHER	0	Not reported	03/10/2026	03/11/2026
Budman Gleb	SELL	-26,767	$3.76	02/27/2026	03/04/2026
Suidan Marc	SELL	-15,106	$3.76	02/27/2026	03/04/2026
Budman Gleb	SELL	-21,002	$4.40	02/20/2026	02/24/2026
Suidan Marc	SELL	-7,721	$4.40	02/20/2026	02/24/2026
Budman Gleb	SELL	-27,793	$4.33	11/20/2025	11/24/2025
Suidan Marc	SELL	-6,708	$4.33	11/20/2025	11/24/2025
Cessna Tina	SELL	-6,428	$7.65	08/20/2025	08/22/2025

About the Company

Backblaze, Inc.

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.

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Peers

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1Y peer performance

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Latest news

Backblaze: The Backup Drag Is Fading

Backblaze is accelerating top line growth, driven by its B2 Cloud Storage segment, now 62% of revenue after 34% YoY growth in Q2'26. AI model training and robotics foundational models are fueling sustained demand for BLZE's cost-effective storage, with broad-based customer growth and increased spending. The CoreWeave contract, worth $313M net over five years, is set to ramp significantly by mid-2027, providing substantial incremental revenue.

Seeking Alpha

Backblaze Announces Pricing of Upsized $175 Million Convertible Senior Notes Offering

Backblaze, Inc. (Nasdaq: BLZE), the storage platform powering AI and data-intensive workloads, today announced the pricing of $175 million aggregate principal a

GuruFocus

Backblaze Announces Pricing of Upsized $175 Million Convertible Senior Notes Offering

SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the storage platform powering AI and data-intensive workloads, today announced the pricing of $175 million aggregate principal amount of 0.00% Convertible Senior Notes due 2031 (the “Notes”) in a private offering (the “Offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The size of the offering was increased from the previously announced offering of.

Business Wire

Backblaze Announces Proposed Private Offering of $150 Million of Convertible Senior Notes

SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the storage platform powering AI and data-intensive workloads, today announced that it intends to offer, subject to market and other conditions, $150 million aggregate principal amount of Convertible Senior Notes due 2031 (the "Notes") in a private offering (the "Offering") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Backblaze also expects to grant the.

Business Wire

Backblaze Inc (BLZE) Stock Down 6.9% but Still Overvalued -- GF Score: 41/100

On August 14, 2026, Backblaze Inc (BLZE) shares fell 6.9% to $19.02, reflecting a volatile trading environment. The stock has experienced a 52-week range of $3.

GuruFocus

Earnings Surprises

Period	Estimate	Actual	Surprise
2026-05-04	0.01667	0.04	0.02333
2026-02-23	0.01	0.06	0.05
2025-11-06	-0.01	0.03	0.04
2025-05-07	-0.06	-0.03	0.03
2025-02-25	-0.08	-0.06	0.02
2024-11-07	-0.11	-0.1	0.01
2024-08-08	-0.12	-0.11	0.01
2024-05-08	-0.15	-0.14	0.01
2024-02-15	-0.19	-0.3	-0.11
2023-11-08	-0.22	-0.21	0.01
2023-08-08	-0.26	-0.24	0.02
2023-05-09	-0.29	-0.26	0.03