Backblaze, Inc. (BLZE)

US — Technology Sector
Peers: AVDX  BASE  IIIV  EXFY  BRZE  NRDS  VAXX 

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Key Metrics & Ratings

  • symbol BLZE
  • Rev/Share 2.4468
  • Book/Share 1.4385
  • PB 3.4445
  • Debt/Equity 0.6152
  • CurrentRatio 1.0932
  • ROIC -0.3429

 

  • MktCap 272029500.0
  • FreeCF/Share 0.1175
  • PFCF 42.8123
  • PE -5.7234
  • Debt/Assets 0.2811
  • DivYield 0
  • ROE -0.7694

 

  • Rating C-
  • Score 1
  • Recommendation Strong Sell
  • P/E Score 1
  • DCF Score 1
  • P/B Score 3
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation BLZE Citizens JMP -- Mkt Outperform -- $7 June 24, 2025
Initiation BLZE Needham -- Buy -- $8 March 11, 2025

News

Backblaze Continues Growth But Operating Losses Weigh
BLZE
Published: July 31, 2025 by: Seeking Alpha
Sentiment: Neutral

Backblaze's B2 Cloud Storage growth and AI demand are promising, but heavy operating losses persist, justifying my continued Sell rating. Despite revenue growth and improved margins, the company remains far from operating breakeven, which the market is punishing with a discounted valuation. Significant shareholder dilution from high stock-based compensation and no share buybacks further weakens the investment case, although management wants to move to cash bonuses over time.

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image for news Backblaze Continues Growth But Operating Losses Weigh
Backblaze Fuels Open Cloud Revolution with Data Region Expansion, Doubling Down on High-Performance Storage for AI, High Performance Compute (HPC), and Media Workflows
BLZE
Published: July 21, 2025 by: Business Wire
Sentiment: Neutral

SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #Ai--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced a significant expansion of its data center presence in its US-East region. This strategic growth further strengthens Backblaze's commitment to the open cloud and enhances the high-speed data transfer capabilities available for B2 Overdrive customers, the Backblaze Cloud Storage platform, and members of the Internet2 commun.

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image for news Backblaze Fuels Open Cloud Revolution with Data Region Expansion, Doubling Down on High-Performance Storage for AI, High Performance Compute (HPC), and Media Workflows
Rosen Law Firm Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE
BLZE
Published: July 13, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , July 13, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public. So What: If you purchased Backblaze securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Read More
image for news Rosen Law Firm Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE
Rosen Law Firm Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE
BLZE
Published: July 08, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , July 8, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public. So What: If you purchased Backblaze securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Read More
image for news Rosen Law Firm Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE
Backblaze Investor News: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
BLZE
Published: July 03, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, July 03, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public.

Read More
image for news Backblaze Investor News: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
Rosen Law Firm Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE
BLZE
Published: July 02, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , July 2, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public. So What: If you purchased Backblaze securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Read More
image for news Rosen Law Firm Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE
Backblaze Investor News: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
BLZE
Published: June 25, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, June 25, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public.

Read More
image for news Backblaze Investor News: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
Rosen Law Firm Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE
BLZE
Published: June 17, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , June 17, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public. So What: If you purchased Backblaze securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Read More
image for news Rosen Law Firm Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE
ROSEN, LEADING INVESTOR COUNSEL, Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE
BLZE
Published: June 13, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK CITY, NY / ACCESS Newswire / June 13, 2025 / WHY: New York, N.Y., June 13, 2025.

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image for news ROSEN, LEADING INVESTOR COUNSEL, Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Backblaze, Inc. - BLZE
BLZE
Published: June 06, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Backblaze, Inc. (“Backblaze” or the “Company”) (NASDAQ: BLZE). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Backblaze, Inc. - BLZE
Backblaze Helps Media Post-Production Leader IDC LA Slash Cloud Storage Costs 75% While Accelerating Client Delivery
BLZE
Published: June 06, 2025 by: Business Wire
Sentiment: Neutral

SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #ActiveArchive--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced their customer IDC LA was able to achieve a 75% reduction in cost by leveraging Backblaze B2 Cloud Storage as their primary off-site backup solution. IDC LA needed a scalable, secure, and cost-effective solution for disaster recovery and nearline storage. Their prior cloud vendor was expensive and inflexible, creating chal.

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image for news Backblaze Helps Media Post-Production Leader IDC LA Slash Cloud Storage Costs 75% While Accelerating Client Delivery
BLZE Investor News: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
BLZE
Published: June 05, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, June 05, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public.

Read More
image for news BLZE Investor News: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Backblaze, Inc. - BLZE
BLZE
Published: June 04, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK CITY, NY / ACCESS Newswire / June 4, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Backblaze, Inc.("Backblaze" or the "Company") (NASDAQ:BLZE). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Backblaze, Inc. - BLZE
Wall Street Analysts See a 90% Upside in Backblaze (BLZE): Can the Stock Really Move This High?
BLZE
Published: June 02, 2025 by: Zacks Investment Research
Sentiment: Positive

The average of price targets set by Wall Street analysts indicates a potential upside of 90% in Backblaze (BLZE). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Read More
image for news Wall Street Analysts See a 90% Upside in Backblaze (BLZE): Can the Stock Really Move This High?
BLZE Investor News: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
BLZE
Published: June 01, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, June 01, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public.

Read More
image for news BLZE Investor News: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
Rosen Law Firm Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE
BLZE
Published: May 28, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK, May 28, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public. So What: If you purchased Backblaze securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Read More
image for news Rosen Law Firm Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Backblaze, Inc. - BLZE
BLZE
Published: May 27, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK CITY, NY / ACCESS Newswire / May 27, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Backblaze, Inc.("Backblaze" or the "Company") (NASDAQ:BLZE). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Backblaze, Inc. - BLZE
TOP RANKED ROSEN LAW FIRM Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE
BLZE
Published: May 26, 2025 by: Accesswire
Sentiment: Neutral

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ:BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Backblaze securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Read More
image for news TOP RANKED ROSEN LAW FIRM Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE
Backblaze Publishes Q1 2025 Drive Stats Report Highlighting Hard Drive Reliability Trends
BLZE
Published: May 23, 2025 by: Business Wire
Sentiment: Neutral

SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #BigData--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, last week published its Q1 2025 Drive Stats report, offering detailed analysis on the performance and reliability of 317,833 hard drives which underpin its cloud storage offerings and are deployed in its global data centers and represent over four exabytes of data under management. Trusted by IT leaders and storage professionals since 201.

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image for news Backblaze Publishes Q1 2025 Drive Stats Report Highlighting Hard Drive Reliability Trends
Backblaze Launches Enterprise Web Console and New Access Controls for Scalable, Zero-Trust Cloud Storage Management
BLZE
Published: May 22, 2025 by: Business Wire
Sentiment: Neutral

SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #Cloud--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced a private preview program for its new enterprise web console which includes robust features like role-based access controls (RBAC) and mandatory multi-factor authentication (MFA) for improved cloud security. The web console streamlines the ability for enterprises to manage their B2 Cloud Storage deployments at scale across.

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image for news Backblaze Launches Enterprise Web Console and New Access Controls for Scalable, Zero-Trust Cloud Storage Management
BLZE Investor News: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
BLZE
Published: May 21, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public.

Read More
image for news BLZE Investor News: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Backblaze, Inc. - BLZE
BLZE
Published: May 19, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK CITY, NY / ACCESS Newswire / May 19, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Backblaze, Inc.("Backblaze" or the "Company") (NASDAQ:BLZE). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Backblaze, Inc. - BLZE
Rosen Law Firm Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE
BLZE
Published: May 19, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , May 19, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public. So What: If you purchased Backblaze securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Read More
image for news Rosen Law Firm Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE
BLZE Announcement: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
BLZE
Published: May 18, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, May 18, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public.

Read More
image for news BLZE Announcement: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
Backblaze (BLZE) Upgraded to Buy: Here's Why
BLZE
Published: May 16, 2025 by: Zacks Investment Research
Sentiment: Positive

Backblaze (BLZE) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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image for news Backblaze (BLZE) Upgraded to Buy: Here's Why
Wall Street Analysts Think Backblaze (BLZE) Could Surge 103.57%: Read This Before Placing a Bet
BLZE
Published: May 16, 2025 by: Zacks Investment Research
Sentiment: Positive

The average of price targets set by Wall Street analysts indicates a potential upside of 103.6% in Backblaze (BLZE). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Read More
image for news Wall Street Analysts Think Backblaze (BLZE) Could Surge 103.57%: Read This Before Placing a Bet
Backblaze: Perfect Small-Cap Value Play As AI Drives New Bookings
BLZE
Published: May 16, 2025 by: Seeking Alpha
Sentiment: Positive

Small-cap stocks like Backblaze offer compelling value as valuation discounts versus large-caps have widened, despite strong fundamentals. Backblaze continues to deliver double-digit revenue growth, with accelerating momentum in its B2 Cloud segment and improved sales execution leading to huge Q1 bookings growth. AI remains a major growth driver for the company, with its count of AI clients rising 66% y/y.

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image for news Backblaze: Perfect Small-Cap Value Play As AI Drives New Bookings
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Backblaze, Inc. – BLZE
BLZE
Published: May 13, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Backblaze, Inc. (“Backblaze” or the “Company”) (NASDAQ: BLZE). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Backblaze, Inc. – BLZE
Backblaze to Participate in Fireside Chat at the 20th Annual Needham Technology, Media, & Consumer Conference
BLZE
Published: May 12, 2025 by: Business Wire
Sentiment: Neutral

SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced participation in the following investor conference: 20th Annual Needham Technology, Media & Consumer Conference, New York, NY. Gleb Budman, CEO of Backblaze, will participate in a fireside chat on Tuesday, May 13, 2025, at 3:45 p.m. ET The fireside chat will be webcast live. Links to the live and archived webcast will.

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image for news Backblaze to Participate in Fireside Chat at the 20th Annual Needham Technology, Media, & Consumer Conference
Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Backblaze, Inc. (BLZE) And Encourages Shareholders to Reach Out
BLZE
Published: May 09, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 9, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Backblaze, Inc. ("Backblaze" or "the Company") (NASDAQ:BLZE). Investors who purchased Backblaze securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/BLZE.

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image for news Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Backblaze, Inc. (BLZE) And Encourages Shareholders to Reach Out

About Backblaze, Inc. (BLZE)

  • IPO Date 2021-11-11
  • Website https://www.backblaze.com
  • Industry Software - Infrastructure
  • CEO Gleb Budman
  • Employees 346

Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as backups, multi-cloud, application development, and ransomware protection. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.